Dec. 18.] THE NEW ZEALAND GAZETTE. 3387

in respect of the loans set out in the First Schedule to that Order, and also instalments
of principal and interest and other charges on the unconverted securities issued in respect
of such loans, the said [Name of local authority] hereby makes and levies a special rate
of [State amount in the pound] upon the rateable value on the basis of [State whether
capital, unimproved, or annual] value of all rateable property of the [Name of district or
special-rating area], comprising [Name the district—e.g., the whole of the County of
, or, in the case of a special-rating area, name the ward, riding, or other statutory
subdivision comprising the same; or, if not such a subdivision, describe by its boundaries,
and state the numbers of the sections and blocks comprising the same, and name of survey
district. If the special-rating area has no specific name, refer to it as “ special-rating area ”];
and that such special rate shall be an annually recurring rate during the currency of
such securities, and be payable half-yearly on the day of and the
day of [or yearly on the day of ] in each and every year until
the last maturity date of such securities, being the day of , 19 , or
until all such securities are fully paid off.

(T. 49/139/5.)
F. D. THOMSON,
Clerk of the Executive Council.

Hawera Borough Loans Conversion Order, 1933 (No. 3).

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of December, 1933.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS it is provided by section nine of the Local Authorities Interest Reduction
and Loans Conversion Act, 1932–33, that, with the precedent consent of the
Governor-General, given by Order in Council under section thirteen of the said Act,
after compliance with the provisions of Part II of the Act, and subject to and in accord-
ance with the provisions of such Order in Council, any local authority may issue new
securities in conversion of any existing securities to which the said Act applies:

And whereas by the said section thirteen it is further provided that the Governor-
General, by the Order in Council giving his consent to the conversion of existing securities
by a local authority, may make such provisions as he thinks fit with respect to all or any
of the matters specified in the said section, and that, subject to the provisions of the said
Act, every Order in Council under the said section shall have the force of law as if enacted
in the said Act, anything to the contrary in any other Act or in any regulations made
under the said Act or any other Act notwithstanding:

And whereas the Hawera Borough Council (being a local authority within the
meaning of the said Act) has issued securities in respect of the loans specified in the First
Schedule hereto, and such securities are existing securities to which the said Act applies:

And whereas the said local authority, being desirous of issuing new securities in
conversion of such existing securities, has complied with the provisions of Part II of the
said Act, and it is expedient that the precedent consent of the Governor-General to such
conversion should be given as required by the said Act, and that by this Order the
provisions hereinafter set forth should be made with respect to the matters specified in
the said section thirteen:

Now, therefore, His Excellency the Governor-General of the Dominion of New
Zealand, acting by and with the advice and consent of the Executive Council of the
said Dominion, and in pursuance and exercise of the powers and authorities conferred
on him by the said Act, and of all other powers and authorities enabling him in this
behalf, doth hereby consent to the issue by the said local authority of new securities
in conversion of any existing securities to which this Order applies, and with respect
to such conversion doth hereby make the following provisions.

PRELIMINARY.

1. This Order may be cited as the Hawera Borough Loans Conversion Order, 1933
   (No. 3).

2. In this Order, unless the context otherwise requires,—

“ The Act ” means the Local Authorities Interest Reduction and Loans Conversion
Act, 1932–33:

“ The date of conversion ” means the date specified in clause five of this Order:

“ Existing securities ” means debentures or other securities issued by the local
authority before the first day of April, one thousand nine hundred and
thirty-three; and includes any securities issued on or after that date, but
before the date of conversion, in replacement (as that term is defined in the
Act) of any such securities:

“ The local authority ” means the Hawera Borough Council:

“ Local fund ” has the same meaning as in Part V of the Local Bodies’ Loans Act,
1926:

“ New securities ” or “ new debentures ” means securities or debentures issued in
accordance with this Order in conversion of existing securities to which this
Order applies:

“ Unconverted securities ” means existing securities to which this Order applies
and in respect of which dissent from conversion is signified in accordance
with the provisions of this Order.

APPLICATION OF ORDER.

3. This Order shall apply to all existing securities issued in respect of the loans
   specified in the First Schedule hereto.

SPECIAL RESOLUTION OF LOCAL AUTHORITY.

4. (1) If the local authority so resolves by a resolution passed and confirmed as
   provided by subsection two of section nine of the Act, it may, subject to and in accord-
   ance with the provisions of this Order, issue new securities in conversion of existing
   securities to which this Order applies.

(2) The following provisions of this Order shall come into force if such a resolution
is passed and confirmed as aforesaid, but not otherwise:

B