312
THE NEW ZEALAND GAZETTE.
[No. 10

Order in Council consenting to the Raising of a Loan of £500 by
the Hokianga County Council and prescribing the Conditions
thereof.

———

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 11th day of
February, 1935.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Hokianga 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 five hundred
pounds (£500) by a loan to be known as “Main Highways
(Lowe’s Bridge) Loan, 1935” (hereinafter called “the said
loan”), for the purpose of paying its proportion of the cost
of the construction of Lowe’s Bridge (including approaches
thereto) on the County Division of the Wainamaku-Ōhaeawai
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 five hundred pounds
(£500), 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.

C. A. JEFFERY,
Clerk of the Executive Council.

(T. 49/138/4.)

———

Order in Council consenting to the Raising of Part (£5,000)
of the Unexercised Authority for the Raising of £10,000 of the
Central Hawke’s Bay Electric-power Board’s Retirculation Loan,
1924, of £160,000.

———

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 11th day of
February, 1935.

Present:

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the twenty-
ninth day of October, one thousand nine hundred and
twenty-three, consent was given to the raising by the Central
Hawke’s Bay Electric-power Board (hereinafter called “the
said local authority”) of the sum of one hundred and fifty
thousand pounds (£150,000) by a loan to be known as
“Retirculation Loan, 1924” (hereinafter called “the said
loan”), of which the amount of ten thousand pounds (£10,000)
has not been exercised :

And whereas by section nine of the Local Authorities
Interest Reduction and Loans Conversion Amendment Act,
1934, the consent given by the said Order in Council was
revoked so far as the authority conferred thereby had not
been exercised, and it is not now lawful or competent for the
said local authority to borrow any moneys to which such
consent relates except in accordance with the provisions
of an Order in Council under section eleven of the Local
Government Loans Board Act, 1926 :

And whereas it is expedient to authorize the said local
authority to borrow on the conditions hereinafter mentioned
the sum of five thousand pounds (£5,000) (hereinafter called
“the said sum”), being part of the moneys to which the said
Order in Council relates :

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, and by section nine of the Local
Authorities Interest Reduction and Loans Conversion Amend-
ment Act, 1934, and of all other powers and authorities enabling
him in this behalf, doth hereby consent to the borrowing by
the said local authority of the said sum or any part thereof for
the purpose for which the said loan was authorized, and in
giving such consent doth hereby determine as follows:—

(1) The term for which the said sum or any part thereof may
be borrowed shall not exceed twenty-five (25) years.

(2) The rate of interest that may be paid in respect of the
said sum 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 sum together with interest on the outstanding
balance thereof shall be repaid by annual instalments of
principal of two hundred pounds (£200) during the term as
determined in (1) above.

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

(5) The rate payable for brokerage, underwriting, and
procuration fees in respect of the borrowing of the said sum
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.

C. A. JEFFERY,
Clerk of the Executive Council.

(T. 49/224.)

———

The Eastern Side of Portion of Clinton Road and the Northern
Side of Portion of Rockside Road, in the City of Dunedin,
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.
ORDER IN COUNCIL.

At the Government House at Wellington, this 11th day of
February, 1935.

Present:

His Excellency the Governor-General in Council.

IN pursuance and exercise of the powers conferred by the
Public Works Act, 1928, and of all other powers in
anywise 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 Dunedin City Council on the sixteenth
day of January, one thousand nine hundred and thirty-
five, viz. :

“That the Dunedin City Council, being the local authority
having control of the streets in the City of Dunedin, by
resolution declares that the provisions of section one
hundred and twenty-eight of the Public Works Act, 1928,
shall not apply to the undermentioned portions of streets
in the said City of Dunedin, viz. :

“(a) Portion of the eastern side of Clinton Road abutting
on Allotments 23 and 24, Township of Woodend,
being also part of Block XI, Dunedin and East
Taieri District; and

“(b) Portion of the northern side of Rockside Road
abutting on Allotment 19, Township of Woodend,
being also part of Block XI, Dunedin and East
Taieri District ;

as the said portions of streets are more particularly shown
on the plan annexed hereto and are thereon coloured red
to their centre-lines ”;

subject to the condition that no building or part of a building
shall at any time be erected on the land fronting the eastern
side of the portion of Clinton Road or on the land fronting
the northern side of the portion of Rockside Road (described
in the Schedule hereto) within a distance of thirty-three feet
from the centre-lines of the said portions of streets.

SCHEDULE.

The eastern side of all that portion of street, situated in the
Otago Land District, City of Dunedin, known as Clinton
Road, fronting Allotments 23 and 24, Township of Woodend.

Also the northern side of all that portion of street, situated
in the said land district and city, known as Rockside Road,
fronting Allotment 19, Township of Woodend.

As the said portions of streets are more particularly de-
lineated on the plan marked P.W.D. 88896, deposited in the
office of the Minister of Public Works at Wellington, and
thereon coloured red.

C. A. JEFFERY,
Clerk of the Executive Council.

(P.W. 51/1968.)