APRIL 18.]

THE NEW ZEALAND GAZETTE.

The rate of interest on any debentures or other securities in respect of which dissent
is signified as aforesaid will, by virtue of section 18 of the above-mentioned Act, be
reduced to two-thirds of the original rate as from the [Date of conversion].
Further particulars as to the new debentures and the conversion generally may be
obtained from [Name or designation and address of at least one person authorized to give
particulars].
Dated the day of , 19 .
Mayor.
(2) New Debenture.
No.
[Name of local authority], New Zealand.
New debenture, issued pursuant to Part II of the Local Authorities Interest Reduction
and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 .
New debenture for £ , payable at , in New Zealand, on the
day of , 19 , issued by the [Name of local authority], New Zealand, under the
above-mentioned Act and Order pursuant to a resolution passed and confirmed by the
said Council [or Board, or as the case may be] as provided by section 9 (2) of the said Act.
(N.B.—The holder of this debenture has no claim in respect thereof upon the
Government or public revenues of New Zealand.)
On presentation of this debenture at , in New Zealand, on or after
the day of , 19 , the bearer thereof will be entitled to receive £
Issued under the common seal of the , the day of , 19 .
A.B., Mayor.
[L.S.]
C.D. Treasurer [or other officer appointed for the purpose].
F. D. THOMSON,
Clerk of the Executive Council.
(49/327/6.)

Tolaga Bay Harbour Board Loans Conversion Order, 1934.
BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 14th day of April, 1934.
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 accordance
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 Tolaga Bay Harbour Board (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 Tolaga Bay Harbour Board Loans Conversion
   Order, 1934.
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 Tolaga Bay Harbour Board:
   “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: