FEB. 10.] THE NEW ZEALAND GAZETTE. 231

(4) The payment of such instalments shall be made in New
Zealand, and no such instalment shall be paid out of loan-
money.

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

(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. 49/176.)

Consenting to the Raising of a Loan of £900 by the Waipa
County Council and prescribing the Conditions thereof.
GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
January, 1938.
Present:
His Excellency The Governor-General in Council.
WHEREAS the Waipa County Council (hereinafter
called "the said local authority") proposes pursuant
to the terms of a Warrant issued under section one hundred
and thirty-five of the Public Works Act, 1928, to raise a sum
of nine hundred pounds (£900) by a loan to be known as
"Fairfield Bridge Loan, 1938" (hereinafter called "the
said loan"), for the purpose of paying the balance of its
proportion of the cost of constructing the Fairfield Bridge
(together with approaches thereto) over the Waikato River
near Hamilton:

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 or any part thereof for the said
purpose, and in giving such consent doth hereby determine
as follows:

(1) The term for which the said loan or any part thereof
may be borrowed shall be 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 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 shall be made in New
Zealand, and no such instalment shall be paid out of loan-
money.

(5) The rate payable for brokerage, underwriting, and
procuration 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.

(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. 49/155/12.)

Varying the Determinations in respect of the Alexandra Borough
Council's Loan of £1,000.
GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
January, 1938.
Present:
His Excellency The Governor-General in Council.
WHEREAS by Order in Council made on the fourth
day of November, one thousand nine hundred and
thirty-six (hereinafter called "the said Order in Council"),
and subject to the determinations as to borrowing and repay-
ment therein set out, consent was given to the raising by
the Alexandra Borough Council (hereinafter called "the
said local authority") of the sum of one thousand pounds
(£1,000) by a loan to be known as "Drainage Advances
Loan, 1936" (hereinafter called "the said loan"):

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 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 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 the determinations in respect of the said loan as
follows:

(1) By prescribing that in lieu of repayment by equal
aggregate annual or half-yearly instalments extending over
a period of ten (10) years as prescribed in clause 3 of said
Order in Council, 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 not
be less than eight pounds ten shillings (£8 10s.), such pay-
ments to be made in respect of every part of the said loan
for the time being so 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 com-
puted on the said loan or any part thereof so raised.

(2) By deleting clause 4 from the said Order in Council
and substituting in lieu thereof the following clause:
4. (a) The payment of interest and repayment of principal
in respect of the said loan shall be made in New
Zealand.
(b) No amount payable as either interest or sinking fund
in respect of the said loan shall be paid out of loan-
money.

C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/303/2.)

Varying the Determinations in respect of Portion (£10,000)
of the Raglan County Council's Loan of £50,000.
GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 2nd day of
February, 1938.
Present:
His Excellency The Governor-General in Council.
WHEREAS by Order in Council made on the twenty-
first day of December, one thousand nine hundred
and thirty-seven, and subject to the determinations as to
borrowing and repayment therein set out, consent was given
to the raising in New Zealand by the Raglan County Council
(hereinafter called "the said local authority") of the sum
of ten thousand pounds (£10,000) (hereinafter called "the
said sum"), being portion of the Roads, Bridges, and Drainage
Loan, 1937, of £50,000:

And whereas the said sum has not yet been borrowed, and
it is expedient to vary certain of the determinations in
respect 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, 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 in respect of the
said sum by prescribing as follows:

(1) In lieu of the term of twenty (20) years specified in
clause (1) of the said Order in Council the term shall be
ten (10) years.