3360

THE NEW ZEALAND GAZETTE.

[No. 86

Order in Council consenting to the Raising of Portion (£3,000)
of the Taranaki Electric-power Board’s Loan of £10,000 and
prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 11th day of
November, 1935.

Present:

THE RIGHT HON. G. W. FORBES PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the thirteenth
day of December, one thousand nine hundred and
twenty-six, consent was given to the raising by the Taranaki
Electric-power Board (hereinafter called “the said local
authority”) of the sum of ten thousand pounds (£10,000)
(hereinafter called “the said loan”);

And whereas by section nine of the Local Authorities
Interest Reduction and Loans Conversion Amendment Act,
1934, the authority conferred by the said Order in Council
was revoked in so far as it had not been exercised, and it is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 made
under section eleven of the Local Government Loans Board
Act, 1926 :

And whereas the authority conferred by the said Order in
Council has not been exercised to the extent of five thousand
pounds (£5,000), and it is expedient to authorize the said
local authority to borrow on the conditions hereinafter
mentioned the sum of two thousand pounds (£2,000) (herein-
after called “the said sum”), being portion 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 Amend-
ment Act, 1934, and of all other powers and authorities
enabling him in this behalf, doth hereby consent to the
borrowing in New Zealand 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 (20) 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 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 the
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. 49/191.)

Order in Council varying the Determinations in respect of the
Westport Borough Council’s Loan of £15,000 by prescribing
Repayment on the Instalment-repayment System.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 11th day of
November, 1935.

Present:

THE RIGHT HON. G. W. FORBES PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the fourth day
of November, one thousand nine hundred and thirty-
five, and subject to the determinations as to borrowing and
repayment therein set out, consent was given to the raising
by the Westport Borough Council (hereinafter called “the
said local authority”) of the sum of fifteen thousand pounds
(£15,000), by a loan to be known as “Street Works Loan,
1935” (hereinafter called “the said loan”):

And whereas the authority conferred by the said Order in
Council has not yet been exercised, and it is expedient to vary
certain of the determinations aforesaid in respect 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 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 in respect of the said
loan by prescribing that in lieu of making provision for the
repayment of the said loan by establishing a sinking fund in
respect thereof the said local authority may raise the said
loan upon terms of making the same, together with interest
thereon, repayable by equal aggregate annual or half-yearly
instalments extending over a period of fifteen (15) years.

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

(T. 49/199/11.)

Amending Raetihi Borough Loans Conversion Order, 1935.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 11th day
of November, 1935.

Present:

THE RIGHT HON. G. W. FORBES PRESIDING IN COUNCIL.

IN pursuance and exercise of the power and authority
conferred on him by subsection two of section thirteen
of the Local Authorities Interest Reduction and Loans
Conversion Act, 1932–33, and of all other powers and
authorities in this behalf him enabling, His Excellency the
Governor-General of the Dominion of New Zealand, acting
by and with the advice and consent of the Executive Council
of that Dominion, and by way of amendment of the Raetihi
Borough Loans Conversion Order, 1935, made on the thirtieth
day of July, one thousand nine hundred and thirty-five, and
published in the Gazette of the first day of August, one
thousand nine hundred and thirty-five, doth hereby prescribe
and order as follows :—

1. This Order may be cited as the Raetihi Borough Loans
   Conversion Amendment Order, 1935, and shall be read
   together with and form part of the Raetihi Borough Loans
   Conversion Order, 1935 (hereinafter referred to as “the
   principal Order”).

2. This Order shall be deemed to have come into force on
   the thirtieth day of July, one thousand nine hundred and
   thirty-five, the date of the making of the principal Order.

3. The principal Order is hereby amended as from the date
   of the making thereof—

(a) By deleting the words “one thousand and seventy
pounds” in subclause two of clause twenty-one thereof,
and substituting therefor the words “one thousand one
hundred and thirty-six pounds”; and

(b) By deleting from paragraph (b) of clause twenty-six
thereof the words “provided always that the payments
made under the authority of this paragraph shall not exceed
in the aggregate the amount by which the total premiums
payable in respect of all the loans specified in the said First
Schedule exceeds the sum of one thousand five hundred
pounds.”

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

(T. 49/412/2.)

Cancelling the Reservation over a Reserve in the Burnett Survey
District, Nelson Land District.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 11th day
of November, 1935.

Present:

THE RIGHT HON. G. W. FORBES PRESIDING IN COUNCIL.

IN pursuance and exercise of the powers and authorities
conferred upon him by subsection one (b) of section
seven of the Public Reserves, Domains, and National Parks
Act, 1928, 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 cancel the reservation for an accommodation-house