Aug. 19.

Authorizing the Exchange of a Public Utility Reserve in
Block L, Town of Rotorua, Auckland Land District, for other Land.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 1937.
Present:

His Excellency the Governor-General in Council.

WHEREAS the land described in the First Schedule hereto is a reserve duly set apart for public-utility purposes: And whereas it is expedient that the said land should be exchanged for the land described in the Second Schedule hereto, which the Governor-General deems of equal value and more suitable for the purposes of the reserve:

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 exercise of the powers and authorities conferred upon him by section eight of the Public Reserves, Domains, and National Parks Act, 1928, doth hereby declare that the land described in the First Schedule hereto may be exchanged for the land described in the Second Schedule hereto.

FIRST SCHEDULE.
DESCRIPTION OF RESERVE AUTHORIZED TO BE EXCHANGED.
ALL that area in the Auckland Land District, containing by admeasurement 1 rood 18.4 perches, more or less, being Section 14 (formerly part Lot 12), Block L, Town of Rotorua. As the same is more particularly delineated on the plan marked L. and S. 22/4067/1A, deposited in the Head Office, Department of Lands and Survey, at Wellington, and thereon edged red. (Auckland plan S.O. 28904.)

SECOND SCHEDULE.
DESCRIPTION OF LAND TO BE OBTAINED IN EXCHANGE THEREFOR.
ALL that area in the Auckland Land District, containing by admeasurement 1 rood, more or less, being Section 7, Block L, Town of Rotorua, comprised in Certificate of Title, Volume 658, folio 300 (Auckland Registry). As the same is more particularly delineated on the plan marked L. and S. 22/4067/1B, deposited in the Head Office, Department of Lands and Survey, at Wellington, and thereon edged green. (Auckland plans S.O. 3879 and 28904.)

C. A. JEFFERY,
Clerk of the Executive Council.
(I. and S. 22/4067/1.)

Authorizing the Exchange of a Reserve in Town of Kawhia, Auckland Land District, for other Land.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 1937.
Present:

His Excellency the Governor-General in Council.

WHEREAS the land described in the First Schedule hereto is a reserve duly set apart for municipal purposes: And whereas it is expedient that the said land should be exchanged for the land described in the Second Schedule hereto, which the Governor-General deems at least of equal value and more suitable for the purposes of the reserve:

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 exercise of the powers and authorities conferred upon him by section eight of the Public Reserves, Domains, and National Parks Act, 1928, doth hereby declare that the land described in the First Schedule hereto may be exchanged for the land described in the Second Schedule hereto.

FIRST SCHEDULE.
DESCRIPTION OF RESERVE AUTHORIZED TO BE EXCHANGED.
Auckland Land District.
ALL that area containing by admeasurement 1 rood 8 perches, more or less, being Section 3, Block II, Town of Kawhia. As the same is more particularly delineated on the plan marked L. and S. 56470, deposited in the Head Office, Department of Lands and Survey, at Wellington, and thereon edged red. (Auckland plan S.O. 3237.)

SECOND SCHEDULE.
DESCRIPTION OF LAND TO BE OBTAINED IN EXCHANGE THEREFOR.
Auckland Land District.
ALL that area containing by admeasurement 1 rood 8 perches, more or less, being Section 5, Block II, Town of Kawhia. As the same is more particularly delineated on the plan marked L. and S. 56470, deposited in the Head Office, Department of Lands and Survey, at Wellington, and thereon edged green. (Auckland plan S.O. 3237.)

C. A. JEFFERY,
Clerk of the Executive Council.
(I. and S. 56470.)

Authorizing the Borrowing by the Morrinsville Borough Council by way of Hypothecation of Debentures issued in respect of a Portion (£2,500) of a Loan of £10,000.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 27th day of July, 1937.
Present:

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the seventh day of May, one thousand nine hundred and thirty-seven, consent was given to the raising in New Zealand by the Morrinsville Borough Council (hereinafter called "the said local authority") of the sum of ten thousand pounds (£10,000) by a loan to be known as "Borough Improvements Loan, 1936" (hereinafter called "the said loan"), such consent being given subject to the determinations as to borrowing and repayment therein set out, including, inter alia, the provision that the rate of interest that might be paid in respect of the said loan or any part thereof should be such as should not produce to the lender or lenders a rate or rates exceeding three pounds ten shillings (£3 10s.) per centum per annum:

And whereas the said local authority, pending the raising of the said loan in accordance with the said determinations, is desirous of borrowing the sum of two thousand five hundred pounds (£2,500) (hereinafter called "the said sum") or part thereof by hypothecation or mortgage pursuant to section thirty-four of the Local Bodies' Loans Act, 1926, of the debentures authorized to be issued in respect of 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 seven of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and by section eight of the Local Authorities Interest Reduction and Loans Conversion Amendment Act, 1933, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the said local authority, pending the raising of the said loan in accordance with the said determinations, borrowing the said sum of two thousand five hundred pounds (£2,500) or any part thereof by the hypothecation or mortgage of the said debentures at a rate of interest not exceeding four pounds ten shillings (£4 10s.) per centum per annum, and hereby prescribes that the money borrowed by the hypothecation or mortgage of the said debentures shall, pending the raising of the said loan, be repaid by annual amounts equivalent to the instalments of principal which would have been repaid if on the first date on which any moneys are borrowed by such hypothecation or mortgage the whole of the said sum of two thousand five hundred pounds (£2,500) had been raised on the terms prescribed by the Order in Council made on the seventh day of May, one thousand nine hundred and thirty-seven.

A. W. MULLIGAN,
Acting Clerk of the Executive Council.
(T. 49/264/8.)