Order in Council consenting to the Raising of Loans by the Mount Albert Borough Council and prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 17th day of April, 1935.
Present:

His Excellency The Governor-General in Council.
WHEREAS by Order in Council made on the twenty-eighth day of June, one thousand nine hundred and twenty-six, and published in the Gazette of the first day of July, one thousand nine hundred and twenty-six, at page 1831, consent was given to the raising by the Mount Albert Borough Council (hereinafter called "the said local authority") of the respective loans stated in the First Column of the Schedule hereto, and the authority so conferred has not been exercised to the extent of the respective amounts shown in the Second Column of the said Schedule:

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Authorities Interest Reduction and Loans Conversion Amendment Act, 1934, the consent given by the said Order in Council was revoked in so far as the authority conferred thereby had not been exercised, and it is not now lawful or competent for the said local authority to borrow any moneys to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 respective sums stated in the Third Column of the said Schedule, being part of the moneys to which the said consent 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 Amendment 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 respective sums stated in the Third Column of the said Schedule (hereinafter called "the said sums"), for the respective purposes for which the said loans were authorized, and in giving such consent doth hereby determine as follows:-

(1) The term for which the said sums or any parts thereof may be raised shall be thirty (30) years.

(2) The rate of interest that may be paid in respect of the said sums or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding three pounds ten shillings (£3 10s.) per centum per annum.

(3) The said sums or any parts 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-moneys.

(5) The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said sums or any parts 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.

SCHEDULE.

A. W. MULLIGAN,
Acting Clerk of the Executive Council.
(T. 49/212/4.)

The Western Side of Portion of Bayfield 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.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 17th day of April, 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 anyway 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 twenty-seventh day of March, 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 portion of the western side of Bayfield Road, in the said City of Dunedin, where such portion of street abuts on parts of Sections 2 and 3, Block III, Anderson's Bay District, as the said portion of street is more particularly shown on the plan annexed hereto and is thereon coloured brown and edged with red to its centre-line";

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 Bayfield Road (described in the Schedule hereto) within a distance of thirty-three feet from the centre-line of the said portion of street.

SCHEDULE.

THE western side of all that portion of street, situated in the Otago Land District, City of Dunedin, known as Bayfield Road, fronting parts Sections 2 and 3, Block III, Anderson's Bay District. As the said portion of street is more particularly delineated on the plan marked P.W.D. 89346, deposited in the office of the Minister of Public Works at Wellington, and thereon edged red.

A. W. MULLIGAN,
Acting Clerk of the Executive Council.
(P.W. 51/1981.)

The North-western Side of Portion of Highgate, 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.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 17th day of April, 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 anyway 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 thirteenth day of March, 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 portion of the north-western side of Highgate, in the said City of Dunedin, where such portion of street abuts on Allotment 5 of subdivision of Allotment 2, Township of Sunnyside, being also part of Section 4, Block IV, Upper Kaikorai Survey District, as the said portion of street is more particularly shown on the plan annexed hereto and is thereon coloured red to its centre-line";

subject to the condition that no building or part of a building shall at any time be erected on the land fronting the north-western side of the portion of Highgate (described in the Schedule hereto) within a distance of thirty-three feet from the centre-line of the said portion of street.