Oct. 8.] THE NEW ZEALAND GAZETTE. 1845
Order in Council consenting to the Raising of a Loan of £1,400
by the Manukau County Council and prescribing the Conditions thereof.
GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
October, 1936.
Present :
His Excellency The Governor-General in Council.
WHEREAS the Manukau 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
four hundred pounds (£1,400) by a loan to be known as
“Main Highways Loan, 1936” (hereinafter called “the said
loan”), for the purpose of meeting the Pakuranga Riding’s
proportion of the cost of reconstructing the Bucklands Beach
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 one thousand four
hundred pounds (£1,400), 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 seven (7) 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 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. 49/111.)
Order in Council consenting to the Raising of a Loan of £1,500
by the Masterton Borough Council and prescribing the Conditions thereof.
GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
October, 1936.
Present :
His Excellency The Governor-General in Council.
WHEREAS the Masterton Borough Council (hereinafter
called “the said local authority”) proposes pursuant
to the terms of a requisition issued under section twenty-two
of the Health Act, 1920, to raise the sum of one thousand
five hundred pounds (£1,500) by a loan to be known as
“Drainage and Sewerage Repair Works Loan, 1936” (hereinafter called “the said loan”), for the purpose of providing
drainage and sewerage works to take the place of those which
have been damaged as the result of earthquake :
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 in New Zealand by the said local authority of
the said loan for the said purpose up to the amount of one
thousand five hundred pounds (£1,500), 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 (20) 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 local authority shall, before raising the said
loan 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 three
pounds fifteen shillings (£3 15s.), such payments to be made
in respect of every part of the said loan 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 loan shall be made in New Zealand.
(5) No amount payable as either interest or sinking fund
in respect of the said loan shall be paid out of loan-moneys.
(6) The rate payable for brokerage, underwriting, and pro-
curation fees in respect of the borrowing of the said loan 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. 49/238.)
Order in Council consenting to the Raising of a Loan of £1,400
by the Hamilton Fire Board and prescribing the Conditions
thereof.
GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 30th day of
September, 1936.
Present :
His Excellency The Governor-General in Council.
WHEREAS the Hamilton Fire Board (hereinafter called
“the said local authority”) being desirous of raising
the sum of one thousand four hundred pounds (£1,400) by
a loan to be known as “Central Station Site Loan, 1936,”
for the purpose of purchasing the area of land known as
Lot No. two (2) on Deposited Plan No. 11352 of Allotment
two hundred and seventy-one (271), Hamilton West, 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 one thousand four hundred pounds (£1,400), 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 twelve (12) 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 local authority shall before raising the said
loan 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 of
not less than one hundred pounds (£100), the first such pay-
ment 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 the repayment of principal
in respect of the said loan shall be made in New Zealand.
(5) No amount payable as either interest or sinking fund in
respect of the said loan shall be paid out of loan-moneys.
(6) 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.
(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. 49/12.)