Varying the Determinations in respect of the Christchurch City Council's Loan of £15,000.

GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 16th day of August, 1939.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by Order in Council made on the tenth day of May, one thousand nine hundred and thirty-nine, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising in New Zealand by the Christchurch City Council (hereinafter called “the said local authority”) of the sum of fifteen thousand pounds (£15,000) (hereinafter called “the said loan”) being portion of a loan of £375,000:
And whereas by Order in Council made on the ninth day of June, one thousand nine hundred and thirty-nine, the determinations aforesaid were varied to provide for a rate of interest not exceeding four pounds five shillings (£4 5s.) per centum per annum:
And whereas the authority conferred by the said Order in Council has not yet been exercised and it is expedient again to vary 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 aforesaid in respect of the said loan by prescribing as follows:—
(1) In lieu of provision being made for the repayment of the said loan as specified in clause three of the said Order in Council the said loan shall be repaid by annual redemptions on the dates set out in the First Column of the Schedule hereunder of the amounts stated opposite such dates in the Second Column of the said Schedule.
SCHEDULE.
First Column. Date.
Second Column. Amount of Redemptions.
£
20th June, 1940 .. .. .. .. 500
20th June, 1941 .. .. .. .. 500
20th June, 1942 .. .. .. .. 600
20th June, 1943 .. .. .. .. 600
20th June, 1944 .. .. .. .. 600
20th June, 1945 .. .. .. .. 600
20th June, 1946 .. .. .. .. 700
20th June, 1947 .. .. .. .. 700
20th June, 1948 .. .. .. .. 700
20th June, 1949 .. .. .. .. 700
20th June, 1950 .. .. .. .. 700
20th June, 1951 .. .. .. .. 800
20th June, 1952 .. .. .. .. 800
20th June, 1953 .. .. .. .. 800
20th June, 1954 .. .. .. .. 900
20th June, 1955 .. .. .. .. 900
20th June, 1956 .. .. .. .. 900
20th June, 1957 .. .. .. .. 900
20th June, 1958 .. .. .. .. 1,000
20th June, 1959 .. .. .. .. 1,100
(2) The said local authority shall before raising the said loan or any part thereof establish 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 of the sum of five hundred and thirty-two pounds (£532), 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 computed on the said sum or any part thereof so raised, such amount to be increased each year by a sum equivalent to three pounds ten shillings (£3 10s.) per centum of all repayments of principal made as provided for in clause (1) above up to and including the previous redemption date.
C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/268/4.)
Varying the Determinations in respect of Portion (£12,500) of the Central Waikato Electric-power Board'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 August, 1939.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by Order in Council made on the fifth day of April, one thousand nine hundred and thirty-nine, 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, 1939” (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 sum of twelve thousand five hundred pounds (£12,500) (hereinafter called “the said sum”) being portion 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 certain of the determinations aforesaid in respect of the said sum by prescribing as follows:—
(1) In lieu of a term of twenty-five (25) years specified in clause one of the said Order in Council, the term for which the said sum may be raised shall not exceed twenty (20) years.
(2) In lieu of a rate of interest not exceeding three pounds ten shillings (£3 10s.) per centum per annum as specified in clause two of the said Order in Council the rate of interest that may be paid in respect of the said sum 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) In lieu of repayment being made by equal aggregate annual or half-yearly instalments of principal and interest, as specified in clause three of the said Order in Council, the said local authority shall, before raising the said sum, 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 be not less than three pounds ten shillings (£3 10s.), such payments to be made in respect of every part of the said sum 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 computed on the said sum or any part thereof so raised.
C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/134/10.)
Extending the Open Season for the Taking or Killing of Opossums, Wellington Acclimatization District.
GALWAY, Governor-General.
By his Deputy,
MICHAEL MYERS.
ORDER IN COUNCIL.
At the Government House at Wellington, this 16th day of August, 1939.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
In pursuance of the powers conferred on him by the Animals Protection and Game Act, 1921–22, and of all other powers and authorities enabling him in this behalf, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, doth hereby amend the Order in Council made under the said Act, dated