Nov. 7.] THE NEW ZEALAND GAZETTE. 3139

Directing Sale of Railway Land at Mount Albert under the
Public Works Act, 1928.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 31st day
of October, 1940.

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS by the thirty-fifth section of the Public
Works Act, 1928 (hereinafter termed “the said
Act”), it is enacted that if it is found that any land held,
taken, purchased, or acquired at any time under this or any
other Act or Provincial Ordinance, or otherwise howsoever,
for any public work, is not required for such public work,
the Governor-General may, by Order in Council publicly
notified and gazetted, cause the same to be sold under the
condition set forth in the said Act :

And whereas provision is made under the thirty-sixth
section of the said Act whereby any such land may, with
the concurrence of the Governor-General, be sold on deferred
payments extending over a period not exceeding five years :

Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance of the powers
and authorities conferred upon him by the said Act, and
acting by and with the advice and consent of the Executive
Council of the said Dominion, doth hereby order and direct
the sale of the land described in the Schedule hereto, and
doth hereby authorize, pursuant to the said section thirty-six,
the acceptance of the purchase-price in instalments extending
over a period not exceeding five years.

SCHEDULE.

APPROXIMATE areas of the pieces of land :—

A. R. P.
0 1 7-7 Part Railway land, Proclamation 500.
1 0 31-6 Part Railway land, Proclamation 500.
0 0 28 Part Railway land, Proclamation 500.

Situated in Parish of Titirangi, Block IV, Titirangi Survey
District, Borough of Mount Albert. (S.O. 26809.)

In the North Auckland Land District ; as the same are
more particularly delineated on the plan marked L.O. 1969
(sheet 2), deposited in the office of the Minister of Railways
at Wellington, and thereon bordered red.

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

(L.O. 6774.)

Consenting to the Raising of Loans by certain Local Authorities
and prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 31st day
of October, 1940.

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS the several local authorities enumerated in
the Schedule hereto are desirous of raising loans to
be known in each case as “Rural Housing Loan, 1940,” of
the respective amounts stated opposite their names in the
second column of the said Schedule from the State Advances
Corporation of New Zealand (hereinafter referred to as “the
Corporation”) for the purpose of enabling the said local
authorities out of the respective loans so raised to make
advances to farmers under the Rural Housing Act, 1939 :

And whereas the said local authorities 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 by the respective
local authorities mentioned in the first column of the said
Schedule from the Corporation of the said loans up to the
respective amounts specified in the second column of the
said Schedule, and in giving such consent doth hereby
determine as follows :—

(1) Each local authority shall pay to the Corporation each
half-year in reduction of the principal moneys advanced by
the Corporation to such local authority an amount equal to
the sum of all the amounts which are expressed to be payable
to that local authority during such half-year by the agree-
ments entered into with the local authority by the various
farmers to whom the said local authority has advanced any
of the loan-moneys.

(2) The rate of interest that may be paid in respect of each
of the said loans or so much thereof as is for the time being
raised and not repaid shall be three pounds (£3) per centum
per annum payable half-yearly the first such payment to be
made in each case not later than six months after the date
of the payment of the first instalment of the loan by the
Corporation to the local authority, such interest to be
calculated on the daily-debtor balances in the books of the
Corporation.

(3) No amount shall be payable as either interest or
principal in respect of the said respective loans out of loan-
moneys.

(4) No amount shall be payable for brokerage, underwriting,
or procurement fees in respect of the raising of the said respec-
tive loans or any parts thereof.

SCHEDULE.

First Column. Second Column.
Name of Local Authority. Amount of Loan.
£
Collingwood County Council . . . . . . . . 2,000
Ellesmere County Council . . . . . . . . 3,000
Eltham County Council . . . . . . . . 5,000
Geraldine County Council . . . . . . . . 10,000
Kaikoura County Council . . . . . . . . 10,000
Waikohu County Council . . . . . . . . 4,000

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

(T. 49/563/6.)

Consenting to the Raising of Portion (£1,000) of the Wairere
Electric-power Board’s Loan of £14,000 and prescribing the
Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 31st day
of October, 1940.

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS by Order in Council made on the eleventh
day of August, one thousand nine hundred and
thirty-eight, and subject to the determinations as to borrow-
ing and repayment therein set out, consent was given to the
raising by the Wairere Electric-power Board (hereinafter
called “the said local authority”) of the sum of fourteen
thousand pounds (£14,000), to be known as “Reticulation
Loan, 1938” (hereinafter called “the said loan”) :

And whereas the authority conferred by the said Order in
Council has not been exercised to the extent of four thousand
pounds (£4,000) :

And whereas the authority has lapsed in accordance with
the provisions of clause six of the said Order in Council, and
it is not now lawful or competent for the said local authority
to raise this amount or any portion thereof except in accord-
ance with the provisions of a further Order in Council that
may be issued pursuant to section eleven of the Local
Government Loans Board Act, 1926 (hereinafter called “the
said Act”) :

And whereas the said local authority is desirous of raising
a portion amounting to one thousand pounds (£1,000)
(hereinafter called “the said sum”), and it is expedient to
authorize the said local authority to raise the said sum on
the conditions hereinafter set out :

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 sum up to the amount