988
THE NEW ZEALAND GAZETTE.
[No. 31

Varying the Determinations in respect of the Balance (£500)
of the Alexandra Borough Council’s Loan of £7,000.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 13th day
of April, 1938.

Present:

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

WHEREAS by Order in Council made on the fourth day
of November, 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 Alexandra Borough Council (hereinafter called “the
said local authority”) of the sum of seven thousand pounds
(£7,000) to be known as “Sewerage Loan, 1936”:

And whereas the authority conferred by the said Order in
Council has not yet been exercised to the extent of five
hundred pounds (£500) (hereinafter called “the said sum”),
and it is expedient to vary certain of the determinations
aforesaid 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 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 sum by prescribing
as follows:—

(1) In lieu of the term of thirty-five (35) years specified in
clause one of the said Order in Council the term shall be ten
(10) years.

(2) In lieu of repayment as specified in clause three of the
said Order in Council the said sum shall be repaid as follows:—
(a) By twenty equal payments of fifteen pounds one
shilling and ninepence (£15 1s. 9d.), one of such
payments to be made at the end of every half-year
commencing from the date on which the said sum
is raised. Each such half-yearly payment shall
be applied firstly in payment of interest computed
at the rate of three pounds ten shillings (£3 10s.)
per centum per annum on the amount of the principal
for the time being outstanding at the beginning of
each such half-year, and the balance of such half-
yearly payment in reduction of such principal.

(b) By a payment at the end of the tenth year from the
date of the borrowing of the said sum of a sum equal
to the amount to which the principal has been
reduced in accordance with the preceding para-
graph (a) hereof after payment of the aforesaid
twenty (20) half-yearly payments.

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

(T. 49/303/2.)

Varying the Determinations in respect of Portion (£12,500)
of the Central Waikato Electric-power Board’s Loan of
£50,000.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 12th day
of April, 1938.

Present:

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

WHEREAS by Order in Council made on the ninth day
of February, one thousand nine hundred and thirty-
eight, and subject to the determinations as to borrowing
and repayment therein set out, consent was given to the raising
in New Zealand by the Central Waikato Electric-power
Board (hereinafter called “the said local authority”) of the
sum of fifty thousand pounds (£50,000) by a loan to be known
as “Special Loan, 1937”:

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 sum
of twelve thousand five hundred pounds (£12,500) (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 as follows:—

(1) In lieu of the term of twenty-five (25) years specified
in clause one of the said Order in Council the term shall be
ten (10) years.

(2) In lieu of repayment as specified in clause three of the
said Order in Council the said sum shall be repaid as follows:—
(a) By twenty equal payments of four hundred and thirty-
seven pounds three shillings (£437 3s.), one of such
payments to be made at the end of every half-year
commencing from the date on which the said sum is
borrowed. Each such half-yearly payment shall be
applied firstly in payment of interest computed at the
rate of three pounds ten shillings (£3 10s.) per centum
per annum on the amount of the principal for the
time being outstanding at the beginning of each
such half-year, and the balance of such half-yearly
payment in reduction of principal.

(b) By a payment at the end of the tenth year from the
date of the raising of the said sum of a sum equal to
the amount to which the said principal has been
reduced in accordance with the preceding paragraph
(a) hereof after payment of the aforesaid twenty
(20) half-yearly payments.

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

(T. 49/134/9.)

Reapportioning Representation on the Wairere Electric-power
Board and revoking previous Order in that behalf.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th day
of April, 1938.

Present:

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

IN pursuance and exercise of the powers conferred by the
Electric-power Boards Act, 1925, and of every other
power in anywise enabling him in that behalf, 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, doth hereby revoke the Order
in Council dated the twelfth day of February, one thousand
nine hundred and twenty-three, and published in the New
Zealand Gazette No. 16 of the fifteenth day of the same month,
apportioning representation on the Wairere Electric-power
Board, and in lieu thereof doth hereby add part of the Clifton
County as a constituent district of the Wairere Electric-power
District, and doth determine that the said constituent
district shall combine with the constituent district of part
of the Waitomo County to elect seven members on the
Waitomo Electric-power Board, and doth determine that the
Waitomo County Council shall be the principal local authority
of such combined district; and, further, doth fix the date of
the next election of representatives on the Waitomo County
Council as the date for the first election of representatives of
the said combined district on the Wairere Electric-power
Board.

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

(P.W. 26/1176.)

Reapportioning Representation on the Westland Electric-power
Board and revoking previous Order in that behalf.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th day
of April, 1938.

Present:

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

IN pursuance and exercise of the powers conferred by the
Electric-power Boards Act, 1925, and of every other
power in anywise enabling him in that behalf, His Excellency
the Governor-General of the Dominion of New Zealand,