Nov. 12. THE NEW ZEALAND GAZETTE. 2191

Recreation Reserve in Wellington Land District brought under
Part II of the Public Reserves, Domains, and National
Parks Act, 1928.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 11th day of
November, 1936.

Present :

His Excellency the Governor-General in Council.

BY virtue of the powers and authorities vested in me by
the thirty-fourth section of the Public Reserves,
Domains, and National Parks Act, 1928, I, George Vere
Arundell, Viscount Galway, Governor-General of the Dominion
of New Zealand, by and with the advice and consent of the
Executive Council of the said Dominion, do hereby order and
declare that the reserve for recreation in the Wellington
Land District described in the Schedule hereto shall be and the
same is hereby brought under the operation of and declared
to be subject to the provisions of Part II of the said Act,
and such reserve shall hereafter form part of the Waimeha
Domain, and be managed, administered, and dealt with as
a public domain by the Waimeha Domain Board.

SCHEDULE.

WELLINGTON LAND DISTRICT.

ALL that area containing by admeasurement 1 acre 2 roods
10·3 perches, more or less, situated in the Town of Waimeha,
being part of Subdivision 140, Ngarara West A Block, and
part of a closed road, Block V, Kaitawa Survey District,
and being the whole of the land marked as a recreation reserve
on deposited plan 9351 and coloured red thereon.

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

(L. and S. 1/894.)

Order in Council varying the Determinations in respect of
Portion (£5,000) of the Te Awamutu Electric-power Board’s
Loan of £10,000 by prescribing Repayment on the Instalment-
repayment System.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of
November, 1936.

Present :

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the first day of
July, one thousand nine hundred and thirty-six, and
subject to the determinations as to borrowing and repayment
therein set out, consent was given to the raising by the Te
Awamutu Electric-power Board (hereinafter called “the
said local authority”) of the sum of ten thousand pounds
(£10,000), being portion of the “Special Loan, 1922,” of
£25,000 :

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 portion five thousand pounds (£5,000) (hereinafter
called “the said sum”) :

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 sum by prescribing that in lieu of making provision for
the repayment of the said sum by establishing a sinking fund
in respect thereof, the said local authority may raise the
said sum upon terms of making the same, together with
interest thereon, repayable by equal aggregate annual or
half-yearly instalments extending over a period of twenty
(20) years.

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

(T. 49/142.)

Order in Council consenting to the Raising of Portion (£5,000)
of the Wairoa Electric-power Board’s Loan of £100,000 and
prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of
November, 1936.

Present :

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the seventh
day of February, one thousand nine hundred and
twenty-one, consent was given to the raising by the Wairoa
Electric-power Board (hereinafter called “the said local
authority”) of the sum of one hundred thousand pounds
(£100,000) (hereinafter called “the said loan”), of which the
amount of ten thousand pounds (£10,000) 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 five thousand pounds (£5,000) (hereinafter called
“the said sum”), being portion of the moneys to which the
said Order in Council relates, for the purpose of further
reticulation in respect of which guarantees as described in
clauses 21–43 of the Electrical Supply Regulations, 1935,
shall first be given in favour of the said local authority for
payments amounting in each of not less than six (6) con-
secutive years from the completion of such reticulation to
at least sixteen and two-thirds (16⅔) per centum of the
estimated capital cost thereof :

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 bor-
rowing in New Zealand by the said local authority of the
said sum or any part thereof for the purpose aforesaid, 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 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
three pounds ten shillings (£3 10s.), such payments to be made
in respect of every part of the said sum for the time being
borrowed 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
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.

(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. 49/462.)