2550
THE NEW ZEALAND GAZETTE.
[No. 77

same available for aircraft generally without giving or granting
to any individual or body any rights or privileges contrary
to the use and maintenance thereof as an aerodrome for the
benefit of the general air travelling public.

9. The Board shall have the right, subject to the approval
   of the Minister of Lands (hereinafter referred to as “the
   Minister”), to lease the aerodrome or any part thereof for such
   period and on such terms and conditions as may be approved
   by the Minister.

10. The Board shall not, without the consent of the Minister,
    erect any fence, building, or other obstruction, or plant any
    tree or do any other thing on the aerodrome which might
    endanger or hinder or restrict the use thereof for aerodrome
    purposes.

11. The Board shall not allow cattle to graze on the
    aerodrome.

12. The Board shall, if directed in writing by the Minister
    so to do, remove or lower any building, pole, mast, or other
    structure erected on the aerodrome, or remove, lower, or
    trim any tree growing thereon.

13. The Crown shall have the right, privilege, and easement
    to enter on the aerodrome for the purpose of developing,
    constructing, and using the said aerodrome, and for that
    purpose shall have full power and authority by its servants,
    agents, and workmen to do such acts and construct all such
    works as are usual, necessary, and proper and to cut down
    and remove such trees as may be necessary for the purposes
    of making the said land suitable for an aerodrome.

14. The Board shall have prepared and submitted at an
    annual meeting to be held in the month of April in each year
    a report of the proceedings of the Board for the previous
    year ending on the thirty-first day of March, together with a
    statement of the receipts and expenditure of the Board for
    such year. A copy of every such report and statement,
    certified by the Chairman to be correct, shall be sent to the
    Minister of Lands as soon as possible after each annual
    meeting.

———

SCHEDULE.

GISBORNE LAND DISTRICT.

ALL that area containing by admeasurement 109 acres 1 rood
9 perches, more or less, being part of Allotment 333, Waioeka
Parish, situated in Block III, Opotiki Survey District, and
bounded as follows: Commencing at the southernmost
corner of Allotment 340A, Waioeka Parish, towards the
north-west by the said Allotment 340A and Allotments 340B,
Section 1, 340B Section 2, 340C, 340D, all of Waioeka Parish
aforesaid, the abutment of a drainage reserve, and again by
the aforesaid Allotment 340D to a public road; thence
towards the north-east by a public road, 2660·6 links; thence
towards the east generally by part Allotment 333 by lines
bearing 179° 38′, 470·2 links, and 197° 19′ 30″, 581·5 links,
to a public road; thence towards the south by the last-
mentioned public road, 4013 links; thence towards the west
and south generally by lines bearing 0° 48′, 1033·7 links,
and 270° 36′, 999 links, to a public road; thence again to-
wards the west by the last-mentioned public road 891·8 links,
to the point of commencement: be all the aforesaid linkages
more or less. As the same is more particularly delineated
on the plan marked L. and S. 1/515, deposited in the Head
Office, Department of Lands and Survey, at Wellington, and
thereon bordered red.

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

(L. and S. 1/515.)

———

Authorizing the Borrowing by the Matamata Borough Council
by way of Hypothecation of Debentures issued in Respect of
a Loan of £2,000.

———

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 17th day
of November, 1937.

Present:

THE RIGHT HON. M. J. SAVAGE PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the seventeenth
day of November, one thousand nine hundred and
thirty-seven, consent was given to the raising in New Zealand
by the Matamata Borough Council (hereinafter called “the
said local authority”) of the sum of two thousand pounds
(£2,000), (hereinafter called “the said loan”), being the
balance of the loan of five thousand pounds (£5,000) authorized
by Order in Council made on the fourth day of December,
one thousand nine hundred and twenty-two, 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 said amount 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 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 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 determina-
tions, borrowing the said sum of two thousand pounds (£2,000)
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 prescribed that the said local authority shall, before
the said loan or any portion thereof is borrowed by way of
hypothecation pursuant to the authority of this Order in
Council, establish a sinking fund and shall thereafter make
payments to such sinking fund in accordance with the terms
of clause three of the aforesaid Order in Council of the
seventeenth day of November, one thousand nine hundred and
thirty-seven, and in all respects as if such borrowing of the
said sum of two thousand pounds (£2,000) or any part thereof
by way of hypothecation were the raising of a loan within
the meaning of that clause.

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

(T. 49/125.)

———

Authorizing the Borrowing by the South Canterbury Electric-
power Board by way of Hypothecation of Debentures issued
in respect of Portion (£7,000) of a Loan of £15,000.

———

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 17th day
of November, 1937.

Present:

THE RIGHT HON. M. J. SAVAGE PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the seventeenth
day of November, one thousand nine hundred and
thirty-seven, consent was given to the raising in New Zealand
by the South Canterbury Electric-power Board (hereinafter
called “the said local authority”) of the sum of fifteen
thousand pounds (£15,000) by a loan to be known as
“Electricity Development Loan, 1937” (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 a portion thereof, being the sum of
seven thousand pounds (£7,000), (hereinafter called “the
said sum”), 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 sum in accordance with the
said determinations, borrowing the said sum or any part