3216
THE NEW ZEALAND GAZETTE.
[No. 76

(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., Chairman.
C.D., Treasurer [or other officer appointed for the purpose.]

[L.S.]

(3) Resolution making Special Rate.

In pursuance and exercise of the powers vested in it in that behalf by Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 , the [Name of local authority] hereby resolves as follows :—

That, for the purpose of providing the half-yearly instalments of principal and interest in respect of the new securities authorized to be issued by the [Name of local authority] under the above-mentioned Act and Order in conversion of existing securities issued in respect of the loans set out in the First Schedule to that Order, and also the interest, sinking fund, 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 district with the exception of that portion of the County of Raglan included in the said district by Proclamation published in the Gazette on 27th day of March, 1930, 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.

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

(T. 49/134/7.)

Order in Council varying the Determinations in respect of the Hawke’s Bay Rivers Board’s Loan of £11,000.

BLEDISLOE, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.

At the Government House at Wellington, this 8th day of October, 1934.

Present :

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the twentieth day of March, one thousand nine hundred and thirty-four, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising by the Hawke’s Bay Rivers Board (hereinafter called “the said local authority”) of the sum of eleven thousand pounds (£11,000), by a loan to be known as “Tutaekuri Flood-control Works Loan, 1934” (hereinafter called “the said loan”) :

And whereas the said loan has not yet been raised, and it is expedient to vary certain of the determinations aforesaid in respect thereof :

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 aforesaid by prescribing that the said loan or any part thereof may be raised by the said local authority upon terms of making the same, together with interest thereon at a rate not exceeding three pounds fifteen shillings (£3 15s.) per centum per annum, repayable by equal annual or half-yearly instalments extending over a period not exceeding fifteen (15) years.

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

(T. 49/316/3.)

Order in Council consenting to the Raising of a Loan of £90,000 by the Tauranga Borough Council and prescribing the Conditions thereof.

BLEDISLOE, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.

At the Government House at Wellington, this 8th day of October, 1934.

Present :

His Excellency the Governor-General in Council.

WHEREAS the Tauranga Borough Council (hereinafter called “the said local authority”), being desirous of raising the sum of ninety thousand pounds (£90,000) by a loan to be known as “Special Conversion Loan, 1934” (hereinafter called “the said conversion loan”), for the purpose of converting before maturity date the outstanding liability in respect of a loan of ninety thousand pounds (£90,000) domiciled in Sydney, which matures on the first day of December, one thousand nine hundred and fifty-nine, has complied with the provisions of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”), and it is expedient that the precedent consent of the Governor-General in Council, as required by the said Act, should be given to the raising of the said conversion loan :

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 said Act, 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 conversion loan for the said purpose up to the amount of ninety thousand pounds (£90,000), and in giving such consent doth hereby determine as follows :—

(1) That the said conversion loan shall be repaid within a period of thirty (30) years from the date of conversion.

(2) That the rate of interest payable in respect of the conversion debentures issued in respect of the said conversion loan shall not exceed four pounds five shillings (£4 5s.) per centum per annum.