Oct. 11.] THE NEW ZEALAND GAZETTE. 3217

(3) That the said local authority shall provide for the repayment of the said conversion loan by establishing a sinking fund of which the Public Trustee shall be the Commissioner, and by paying thereto each half-year during the currency of the loan a sum of four hundred and eighty-five pounds seventeen shillings and sixpence (£485 17s. 6d.), such sum to be increased each half-year by an amount equivalent to two pounds two shillings and sixpence (£2 2s. 6d.) per centum of all debentures redeemed as provided for in condition (4) hereunder up to and including the previous redemption date.

(4) That the said conversion loan shall be repaid from the sinking fund created and augmented in accordance with conditions (3) and (6) hereof by payments made on the dates and in the amounts specified hereunder :—

SCHEDULE OF REDEMPTIONS.

Year. 1st May. 1st November.
£ £
1935 600 700
1936 700 700
1937 700 800
1938 700 800
1939 800 800
1940 800 900
1941 800 900
1942 900 900
1943 900 1,000
1944 1,000 1,000
1945 1,000 1,000
1946 1,100 1,100
1947 1,100 1,100
1948 1,100 1,200
1949 1,200 1,200
1950 1,300 1,300

Year. 1st May. 1st November.
£ £
1951 1,300 1,300
1952 1,400 1,400
1953 1,400 1,400
1954 1,500 1,500
1955 1,600 1,600
1956 1,600 1,600
1957 1,700 1,700
1958 1,800 1,800
1959 1,800 1,800
1960 12,400 2,000
1961 2,000 2,100
1962 2,100 2,100
1963 2,200 2,300
1964 2,300 2,200

Total £90,000

(5) That, in order to effect conversion, the said local authority may pay a premium of two thousand and thirteen pounds sixteen shillings and fivepence (£2,013 16s. 5d.), which shall be paid from the accumulated sinking fund.

(6) That the sinking fund accumulated at the date of conversion shall be applied by the Public Trustee as Sinking Fund Commissioner as follows :—

(a) In payment by way of premium of a sum not exceeding two thousand and thirteen pounds sixteen shillings and fivepence (£2,013 16s. 5d.) in accordance with condition (5) hereof.

(b) In payment of costs of conversion of a sum not exceeding two hundred pounds (£200).

(c) In augmentation of the sinking fund to be created for the said conversion loan in accordance with condition (3) hereof.

(7) That the payment of interest and repayment of principal in respect of the said conversion loan shall be made in New Zealand.

(8) That the rate payable for brokerage, underwriting, and procurement fees in respect of the said conversion loan or any part thereof shall not in the aggregate exceed one-quarter per centum of any amount raised.

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

(T. 49/174/11.)

Regulations under the Air Navigation Act, 1931, amended.—
Amendments No. 1.

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.

I N pursuance and exercise of the powers and authorities conferred upon him by the Air Navigation Act, 1931, 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, doth hereby amend in the manner and to the extent set forth in the Schedule hereto the Air Navigation Regulations, 1933, published in the New Zealand Gazette dated the first day of June, one thousand nine hundred and thirty-three, and declare that such amendments shall come into operation on the publication thereof in the Gazette.

SCHEDULE.

THE AIR NAVIGATION REGULATIONS, 1933: GENERAL CONDITIONS OF FLYING.

1. At the end of paragraph 5, add—

“(3) Notwithstanding any other provision in these regulations, it shall not be lawful—

“(a) For a person under the age of seventeen years to have sole control of an aircraft in motion ; or

“(b) For any person to cause or permit a person apparently under the age of seventeen years to have sole control of an aircraft in motion :

“Provided that, in any prosecution for a contravention of paragraph (b) of this regulation, it shall be a defence to prove that the person apparently under the age of seventeen years was at the time of the alleged contravention actually of or over that age.”

SCHEDULE IV, SECTION III: GENERAL RULES FOR AIR TRAFFIC.

2. Paragraph 45, line 4 : For “paragraph 32” substitute “paragraph 33.”

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

The Western Side of Portion of the Maitai Valley Road, and the South-eastern Side of Portion of a Road off the Maitai Valley Road, in the Waimea County, exempted from the Provisions of Section 128 of the Public Works Act, 1928, subject to a Condition as to the Building-line.

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.

I N pursuance and exercise of the powers conferred by the Public Works Act, 1928, and of all other powers in any-wise enabling him in this behalf, 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, doth hereby approve of the following resolution passed by the Waimea County Council on the fourteenth day of September, one thousand nine hundred and thirty-four, viz. :—

“That the Waimea County Council, being the local authority having control of the roads within the Waimea County, by resolution declares that the provisions of section one hundred and twenty-eight of the Public Works Act, 1928, shall not apply to the following roads, namely :—

“(a) The west side of the Maitai Valley Road fronting part Section 17, Block I, Maungatapu S.D., for a distance of 428 links, as shown on plan dated the twelfth day of September, one thousand nine hundred and thirty-four, prepared by F. I. Ledger, Surveyor, and marked A–B thereon ;

“(b) The southern side of the road crossing the Maitai River fronting part Section 17, Block I, Maungatapu S.D., for a distance of 55 links in a westerly direction from the western boundary of the Maitai Valley Road, as shown on plan dated the twelfth day of September, one thousand nine hundred and thirty-four, prepared by F. I. Ledger, Surveyor, and marked C–D thereon ” ;

subject to the condition that no building or part of a building shall at any time be erected on the land fronting the western side of the portion of the Maitai Valley Road, or fronting the south-eastern side of the portion of the road off the Maitai Valley Road (described in the Schedule hereto), within a distance of thirty-three feet from the centre-lines of the said portions of roads.

SCHEDULE.

THE western side of all that portion of road, situated in the Nelson Land District, County of Waimea, known as the Maitai Valley Road, fronting portion of part Section 17, District of Brook Street and Maitai, Block I, Maungatapu Survey District.

Also the south-eastern side of all that portion of road off the said Maitai Valley Road, in the said land district and county, fronting portion of part Section 17, District of Brook Street and Maitai, Block I, Maungatapu Survey District.

As the said portions of roads are more particularly delineated on the plan marked P.W.D. 88067, deposited in the office of the Minister of Public Works at Wellington, and thereon coloured red.

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

(P.W. 42/24.)