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 section eleven of the Local Government
Loans Board Act, 1926, as set out in section twenty-nine of
the Finance Act, 1932 (No. 2), and of all other powers and
authorities enabling him in this behalf, doth hereby consent
to the raising by the said local authority of the said loan up
to the amount of two hundred pounds (£200), and in giving
such consent doth hereby determine as follows:—
(1) The term for which the said loan or any part thereof
may be raised shall not exceed three (3) years.
(2) The rate of interest that may be paid in respect of the
said loan or any part thereof shall be such as shall not produce to the lender or lenders a rate exceeding four pounds
five shillings (£4 5s.) per centum per annum.
(3) The said loan, together with interest thereon, shall be
repaid by equal annual or half-yearly instalments extending
over the term as determined in (1) above.

F. D. THOMSON,
Clerk of the Executive Council.

(T. 49/414/4.)

Order in Council varying the Determinations as to the Borrowing
and Repayment of the Balance (£362 10s.) of the Clifton
County Council's Loan of £725 by prescribing Repayment on
the Instalment-repayment System.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day
of January, 1934.

Present:

THE RIGHT HON. J. G. COATES PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the sixth day
of January, one thousand nine hundred and thirty-three, and subject to the determinations as to borrowing and
repayment therein set out, consent was given to the raising
by the Clifton County Council (hereinafter called “ the said
local authority”) of the sum of seven hundred and twenty-five pounds (£725) by a loan to be known as “ Relief of Unemployment (Mohakatino Road) Loan, 1933” (hereinafter
called “ the said loan”):

And whereas certain of the determinations aforesaid are
that the said loan may be raised at a rate of interest not
exceeding five pounds five shillings (£5 5s.) per centum per
annum, for a term of twenty (20) years, and that provision
for the repayment thereof shall be made by the establishment
of a sinking fund of not less than three pounds (£3) per
centum :

And whereas the sum of three hundred and sixty-two pounds
ten shillings (£362 10s.), (hereinafter called “ the said sum”),
being the balance of the said loan, has not yet been raised,
and by reason of section six of the Local Authorities Interest
Reduction and Loans Conversion Act, 1932–33, it is not now
lawful for the said local authority to borrow the said sum
at a rate of interest in excess of four pounds five shillings
(£4 5s.) per centum per annum, and it is expedient to vary
certain of the determinations aforesaid in respect of the said
sum :

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 section eleven of the Local Government
Loans Board Act, 1926, as set out in section twenty-nine of
the Finance Act, 1932 (No. 2), and by section thirty-two of
the Local Bodies' Loans Act, 1926, and of all other powers
and authorities enabling him in this behalf, including section
four of the Local Legislation Act, 1933, doth hereby vary
certain of the determinations aforesaid by consenting to the
raising of the said sum of three hundred and sixty-two pounds
ten shillings (£362 10s.) by the said local authority upon
terms of making the same, together with interest thereon,
at a rate not exceeding four pounds five shillings (£4 5s.) per
centum per annum as aforesaid, repayable by equal aggregate
annual or half-yearly instalments extending over a period
not exceeding ten (10) years.

F. D. THOMSON,
Clerk of the Executive Council.

(T. 49/156/8.)

Order in Council varying the Rate of Interest and Term in
respect of Portion (£200,000) of the Dunedin City Council's
Loan of £356,000.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day of
January, 1934.

Present:

THE RIGHT HON. J. G. COATES PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the twenty-first
day of July, one thousand nine hundred and thirty-three, and subject to the determinations as to borrowing
and repayment therein set out, consent was given to the
raising in London by the Dunedin City Council (hereinafter
called “ the said local authority ”) of the sum of three hundred
and fifty-six thousand pounds (£356,000) by a loan to be known
as “ Renewal Loan, 1934,” of which the sum of two hundred
thousand pounds (£200,000) (hereinafter called “ the said
sum”) has not yet been raised:

And whereas it is expedient to vary certain of the determinations aforesaid in respect of the said sum of £200,000:

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 section eleven of the Local Government
Loans Board Act, 1926, as set out in section twenty-nine of
the Finance Act, 1932 (No. 2), and of all other powers and
authorities enabling him in this behalf, doth hereby vary
certain of the determinations as aforesaid by prescribing as
follows :—

1. The term for which the said sum, or any part thereof, is
   borrowed shall not exceed five (5) years.
2. The debentures to be issued in respect of the said sum
   shall bear interest at a rate not exceeding three pounds
   (£3) per centum per annum.
3. No debenture in respect of the said sum shall be issued
   at a discount of more than five pounds ten shillings (£5 10s.)
   per centum below the nominal value of such debenture.

F. D. THOMSON,
Clerk of the Executive Council.

(T. 49/254/24.)

Order in Council varying the Rate of Interest in respect of
Portion (£147,400) of the Dunedin City Council's Loan of
£356,000.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day of
January, 1934.

Present:

THE RIGHT HON. J. G. COATES PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the twenty-first
day of July, one thousand nine hundred and thirty-three, and subject to the determinations as to borrowing and
repayment therein set out, consent was given to the raising
in London by the Dunedin City Council (hereinafter called
“ the said local authority ”) of the sum of three hundred and
fifty-six thousand pounds (£356,000) by a loan to be known
as “ Renewal Loan, 1934,” of which the sum of one hundred
and forty-seven thousand four hundred pounds (£147,400)
(hereinafter called “ the said sum”) has not yet been raised:

And whereas one of the determinations aforesaid is that the
rate of interest payable in respect of the said loan shall not
exceed four pounds (£4) per centum per annum, and it is
expedient to vary such determination in respect of the said
sum of £147,400:

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 section eleven of the Local Government
Loans Board Act, 1926, as set out in section twenty-nine of
the Finance Act, 1932 (No. 2), and of all other powers and
authorities enabling him in this behalf, doth hereby vary
the determination aforesaid by prescribing that the rate of
interest payable in respect of the said sum of £147,400, or
any part thereof, shall be such as shall not produce to the
lenders a rate exceeding four pounds five shillings (£4 5s.)
per centum per annum.

F. D. THOMSON,
Clerk of the Executive Council.

(T. 49/254/24.)