SEPT. 10.]

IN the case of wholesale supply the charge shall not exceed
£12 per kilovolt-ampere per year plus ½d. per unit. “Wholesale
supply” for this purpose shall be held to be a supply
in respect of which the consumer shall guarantee to pay not
less than £180 per year.

A minimum charge of 5s. per month in boroughs and town
districts and 7s. per month in county districts, including
meter-rent (if any) in both cases, may be collected if required
by the licensee, and notification thereof shall be printed on
the licensee's conditions of supply.

5. COMPLETION OF WORKS.
   The period for completion of the works hereby authorized
   shall be three years.

C. A. JEFFERY,
Clerk of the Executive Council.
(P.W. 26/1159/1.)

Order in Council consenting to the Raising of a Loan of £500
by the Steward Settlement Water-race Board and prescribing
the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 2nd day of
September, 1936.

Present:
His Excellency The Governor-General in Council.

WHEREAS the Steward Settlement Water-race Board
(hereinafter called “the said local authority”) being
desirous of raising the sum of five hundred pounds (£500) by
a loan to be known as “Special Loan, 1936” (hereinafter
called “the said loan”), for the purpose of erecting a residence
for the Board’s caretaker, 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 in New Zealand 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 not exceed twenty-five (25) 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 instalment shall be paid out of loan-moneys.

(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.

C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/50/1.)

Order in Council consenting to the Raising of a Loan of £1,800
by the Pohangina County Council and prescribing the Con-
ditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 2nd day of
September, 1936.

Present:
His Excellency The Governor-General in Council.

WHEREAS the Pohangina 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 one thousand
eight hundred pounds (£1,800) by a loan to be known as
“Main Highways Loan, 1936” (hereinafter called “the said
loan”), for the purpose of paying its proportion of the cost of
constructing the Church Hill Deviation on the Pohangina
Valley – Apiti 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 con-
ferred 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 eight
hundred pounds (£1,800), 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 five (5) 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 pro-
duce 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 aggregate annual instalments extending over
the term as determined in (1) above.

(4) 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. 49/443.)

Order in Council consenting to the Raising of a Loan of £3,500
by the Havelock North Town Board and prescribing the
Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 2nd day of
September, 1936.

Present:
His Excellency The Governor-General in Council.

WHEREAS the Havelock North Town Board (herein-
after called “the said local authority”) being
desirous of raising the sum of three thousand five hundred
pounds (£3,500) by a loan to be known as “Roading Loan,
1936” (hereinafter called “the said loan”), for the purpose
of laying two-course tar-seal roads and constructing foot-
paths within the district, 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 in New Zealand by
the said local authority of the said loan for the said purpose
up to the amount of three thousand five hundred pounds
(£3,500), 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 not exceed ten (10) 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 pro-
duce 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 and interest shall be
made in New Zealand, and no instalment or interest shall be
paid out of loan-moneys.

(5) The rate payable for brokerage, underwriting, and pro-
curation 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.

C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/541/4.)