purpose up to the amount of one hundred thousand pounds
(£100,000), and in giving such consent doth hereby determine
as follows:—

(1) The term for which the said loan or any part thereof
may be raised shall be twenty-five (25) 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
produce to the lender or lenders a rate exceeding three pounds
(£3) 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 instalment shall be paid out of loan-
moneys.

(5) No amount shall be payable for brokerage, under-
writing, or procurement fees in respect of the raising of the
said loan or any part thereof.

(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. 49/254/28.)

Consenting to the Raising of a Loan of £10,500 by the Cook
Hospital Board and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 17th day of
August, 1938.
Present:

His Excellency the Governor-General in Council.
WHEREAS the Cook Hospital Board (hereinafter called
“the said local authority”), being desirous of raising
the sum of ten thousand five hundred pounds (£10,500) by
a loan to be known as “Building Extension Additional Loan,
1938” (hereinafter called “the said loan”), for the purpose
of meeting the additional cost of new buildings, extension
to boiler-house and laundry, and equipment and furnishings
for which the Building Extension Loan, 1937, of £35,500
was authorized, and for meeting the balance of the cost of
building a new District Nurse’s cottage at Matawai, has
complied with the provisions of the Local Government
Loans Board Act, 1926 (hereinafter called “the said Act”),
and it is expedient that the precedent consent of the Governor-
General in Council as required by the said Act should be
given to the raising 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 said Act, 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 for the said
purpose up to the amount of ten thousand five hundred pounds
(£10,500), and in giving such consent doth hereby determine
as follows :—

(1) The term for which the said loan or any part thereof
may be raised shall not exceed ten (10) 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
produce to the lender or lenders a rate exceeding three pounds
ten shillings (£3 10s.) per centum per annum.

(3) The said loan, together with interest thereon, shall be
repaid as follows :—

(a) By twenty equal payments of three hundred and
sixty-seven pounds four shillings and twopence
(£367 4s. 2d.), one of such payments to be made at
the end of every half-year commencing from the
date on which the said loan 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 such principal.

(b) By a payment at the end of the tenth year from the
date of the borrowing of the said loan 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.

(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. 49/575/1.)

Consenting to the Raising of a Loan of £3,800 by the Buller
County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 17th day of
August, 1938.
Present:

His Excellency the Governor-General in Council.
WHEREAS the Buller County Council (hereinafter
called “the said local authority”), being desirous of
raising the sum of three thousand eight hundred pounds
(£3,800) by a loan to be known as “County Offices Loan,
1938” (hereinafter called “the said loan”), for the purpose
of erecting new county offices, has complied with the pro-
visions of the Local Government Loans Board Act, 1926
(hereinafter called “the said Act”), and it is expedient that
the precedent consent of the Governor-General in Council
as required by the said Act should be given to the raising 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 said Act, 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 for the said
purpose up to the amount of three thousand eight hundred
pounds (£3,800), and in giving such consent doth hereby
determine as follows:—

(1) The term for which the said loan or any part thereof
may be raised shall not exceed thirty (30) 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
produce to the lender or lenders a rate or rates 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 instalments shall be paid out of loan-
moneys.

(5) The rate payable for brokerage, underwriting, and
procuration fees in respect of the raising 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. 49/209/2.)

Consenting to the Raising of a Loan of £900 by the Pahiatua
County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 11th day
of August, 1938.
Present:

The Right Hon. M. J. SAVAGE PRESIDING IN COUNCIL.
WHEREAS the Pahiatua County Council (hereinafter
called “the said local authority”), being desirous
of raising the sum of nine hundred pounds (£900) by a loan
to be known as “Housing Loan, 1938” (hereinafter called
“the said loan”), for the purpose of erecting one worker's
dwelling for the occupation of a Council employee, has
complied with the provisions of the Local Government