3430
THE NEW ZEALAND GAZETTE.
[No. 80

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 for
the said purpose up to the amount of four hundred
pounds (£400), 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 be four (4) 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
three pounds ten shillings (£3 10s.) 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. 49/606.)

Order in Council consenting to the Raising of a Loan of
£1,660 by the Waipukurau Borough Council and prescribing the Conditions thereof.

—

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 29th
day of October, 1934.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Waipukurau Borough Council
(hereinafter called “the said local authority”),
being desirous of raising the sum of one thousand six
hundred and sixty pounds (£1,660) by a loan to be
known as “Redemption Loan, 1934” (hereinafter called
“the said loan”), for the purpose of redeeming the outstanding liability in respect of two loans of five hundred
pounds and two thousand pounds which matured on the
first day of October, one thousand nine hundred and
thirty-four, 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 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 loan
for the said purpose up to the amount of one thousand
six hundred and sixty pounds (£1,660), 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 be fifteen (15) 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
three pounds ten shillings (£3 10s.) per centum per
annum.

(3) The said loan or any part thereof, together with
interest thereon, shall be repaid by equal aggregate
annual or half-yearly instalments extending over the
term as determined in (1) above.

(4) The payment of such instalments shall be made in
New Zealand, and no such instalment shall be paid
out of loan-money.

(5) The rate payable for brokerage, underwriting,
and procuration fees in respect of the raising of the
said loan or any part thereof shall not in the aggregate
exceed one-half per centum of any amount raised.

(6) No moneys shall be borrowed under this consent
after the expiration of two years from the date hereof.

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

(T. 49/302/5.)

Order in Council consenting to the Raising of a Loan of
£200 by the Ashley County Council and prescribing
the Conditions thereof.

—

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 29th
day of October, 1934.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Ashley County Council (hereinafter
called “the said local authority”) proposes, pursuant to
the provisions of section three of the Main Highways
Amendment Act, 1928, to borrow the sum of two hundred
pounds (£200) by a loan to be known as “Main Highways
Loan, 1934” (hereinafter called “the said loan”), for the
purpose of paying its proportion of the cost of constructing
a bridge (including approaches thereto) over the Upper
Ashley River on the county section of the Ashley Gorge
Main Highway:

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 for
the said purpose, 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 be four (4) 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
three pounds ten shillings (£3 10s.) 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. 49/550/2.)

Order in Council consenting to the Raising of a Loan
of £1,750 by the Port Chalmers Borough Council and
prescribing the Conditions thereof.

—

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 29th
day of October, 1934.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Port Chalmers Borough Council
(hereinafter called “the said local authority”)
proposes, pursuant to the terms of a requisition issued
under section twenty-two of the Health Act, 1920, to
raise the sum of one thousand seven hundred and fifty
pounds (£1,750) by a loan to be known as “Mussel Bay
Drainage and Sewerage Loan, 1934” (hereinafter called
“the said loan”), for the purpose of carrying out
drainage works and sewerage works to provide for the
extension of the two main outfall sewers at Mussel Bay:

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 for the said purpose
up to the amount of one thousand seven hundred and
fifty pounds (£1,750), 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 be seventeen and one-half
   (17½) 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
   three pounds ten shillings (£3 10s.) per centum per
   annum.