Aug. 17.] THE NEW ZEALAND GAZETTE. 2161
Consenting to the Raising of a Loan of £2,000 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 9th day of August, 1939.
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 two thousand pounds (£2,000) by a loan to be known as "Narrows Bridge Loan, 1939" (hereinafter called the said loan.''), for the purpose of paying its proportion of the cost 'of constructing the Narrows Bridge (together with approaches thereto) over the Waikato River on the Rukuhia-Tamahere Road :
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-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 four pounds five shillings (£4 5s.) 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 (l) 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 procurement 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.)
Consenting to the Raising of Loans by certain Local Authorities and prescribing the Conditions thereof.
GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 2nd day of August, 1939.
Present:
His Excellency The Governor-General in Council.
WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans stated opposite their names therein, have respectively 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 loans :
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 respective local authorities mentioned in the First Column of the said Schedule of the respective loans set out in the Second Column of the said Schedule, up to the respective amounts specified in the Third Column of the said Schedule, and in giving such consent doth hereby determine as follows :-
(1) The terms for which the said loans or any parts thereof may be raised shall be the respective terms (in years) stated in the Fourth Column of the said Schedule.
(2) The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the Fifth Column of the said Schedule.
(3) The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annua or half-yearly instalments extending over the respective terms 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-moneys.
(5) The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said respective loans or any parts 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.
SCHEDULE.
| First Column. | Second Column. | Third Column. | Fourth Column. | Fifth Column. |
| --- | --- | --- | --- | --- |
| Name of Local Authority. | Name of Loan. | Amount of Loan. | Term of Loan (Years). | Rate of Interest. |
| Manukau County Council ... | Maraetai Reserve Loan, 1939 .. | £500 | 10 | £4 5 0 |
| Waitaki County Council ... | Kurow Water-supply Supplementary Loan, 1939 | £200 | 5 | £4 5 0 |
| Whakatane Borough Council ... | Worker's Dwelling Loan, 1939 .. | £600 | 15 | £4 5 0 |
| Waitomo Electric-power Board ... | Reticulation Extension Supplementary Loan, 1939 | £2,000 | 20 | £4 5 0 |
(T. 40/416/6.)
C. A. JEFFERY, Clerk of the Executive Council.