Dec. 19.] THE NEW ZEALAND GAZETTE. 3985

And whereas the licensee has applied for authority to alter its installation in certain respects not permitted by its license : And whereas it appears desirable to grant such application subject to certain conditions :

Now, therefore, in pursuance and exercise of the powers and authorities 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 amend and vary the license in the manner following :—

1. The licensee is hereby authorized to alter or reconstruct in the manner shown on the plan marked P.W.D. 90291, deposited in the office of the Minister of Public Works at Wellington, the works described in clause four of the Schedule to the license, and thereafter to maintain and use the same in accordance with the provisions of the license as hereby amended.

2. Clause fifteen of the Schedule to the license is revoked, and the following clause substituted therefor :—

“15. SYSTEM OF SUPPLY.

“The system of supply shall be as described in paragraphs (a) and (f) of clause 21-01 of the Electrical Supply Regulations, 1935. The generating and transmission voltages shall be approximately 2,200 volts between phases.”

3. Clause sixteen of the Schedule to the license is amended by substituting the words “Clause 41-11 (1) of the Electrical Supply Regulations, 1936,” for the words “Clause 15 of the regulations.”

4. The following clause is added at the end of the Schedule :—

“22. REGULATIONS.

“(a) This license is issued under the Water-power Regulations, 1934, and is subject thereto and to the Electrical Supply Regulations, 1935, and the Electrical Wiring Regulations, 1935, and to any regulations made or to be made in amendment or amplification thereof or in substitution therefor: Provided that the licensee shall not by virtue of this clause be required, except in the normal course of alteration, repair, or maintenance, to reconstruct in conformity with the regulations hereinbefore mentioned any electric lines which were erected prior to the 4th day of October, 1935, and which conform to the regulations in force at the time of construction.

“(b) The conditions directed to be implied in all licenses by Regulation 6 of the Water-power Regulations, 1934, except clauses 1 and 2, shall be incorporated in and shall form part of this license except in so far as the same may be inconsistent with the provisions hereof.”

5. Clause 10 of the Schedule to the license is amended by deleting the word “wattmeter” in line five thereof, and substituting the following “watthour-meter with maximum-demand indicator attachment.”

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

(P.W. 26/505.)

Order in Council consenting to the Raising of the Balance (£1,000) of the Teviot Electric-power Board’s Electrical Extension Loan, 1928, of £5,000 and prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 12th day of December, 1935.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by Order in Council made on the twenty-eighth day of February, one thousand nine hundred and twenty-nine, consent was given to the raising by the Teviot Electric-power Board (hereinafter called “the said local authority”) of the sum of five thousand pounds (£5,000) by a loan to be known as Electrical Extension Loan, 1928 (hereinafter called “the said loan”), of which the amount of £1,600 has not been borrowed :

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 sum of one thousand six hundred pounds (£1,600) (hereinafter called “the said sum”), being the balance 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 Amendment 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-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 local authority shall, before raising the said sum or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, or under such other statutory enactment as may be applicable, and shall thereafter make payments to such sinking fund at intervals of not more than one year, at a rate or rates per centum which shall be not less than two pounds ten shillings (£2 10s.), such payments to be made in respect of every part of the said sum for the time being so raised and not repaid, the first such payment to be made not later than one year after the first day from which interest to the lender or lenders is computed on the said sum or any part thereof so raised.

(4) The payment of interest and repayment of principal in respect of the said sum shall be made in New Zealand.

(5) No amount payable as either interest or sinking fund in respect of the said sum shall be paid out of loan-money.

(6) The rate payable for brokerage, underwriting, and procurement 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.

(7) 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. 49/312/1.)

Order in Council consenting to the Raising of a Loan of £2,200 by the Whangarei County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 12th day of December, 1935.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Whangarei 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 thousand two hundred pounds (£2,200) by a loan to be known as “Main Highways Loan, 1935” (hereinafter called “the said loan”), for the purpose of paying its proportion of the cost of reconstructing and sealing the section of the Lake Omapere—Maungaturoto via Whangarei Main Highway between Kamo and Hikurangi :

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 thousand two hundred pounds (£2,200), 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.