222

THE NEW ZEALAND GAZETTE.

[No. 12

Domain Board appointed to have Control of the Okotuku Domain.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 1st day
of February, 1940.

Present:

THE HON. P. FRASER PRESIDING IN COUNCIL.

IN pursuance and exercise of the powers conferred by
section forty-four of the Public Reserves, Domains, and
National Parks Act, 1928, 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 appoint

David Lupton,
James David Newland,
James Dalton,
Walter Matthews, and
William Henry Watkins

Consenting to the Raising of a Loan of £25,000 by the
North Canterbury Electric-power Board and prescribing the
Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 1st day
of February, 1940.

Present:

THE HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS the North Canterbury Electric-power Board
(hereinafter called “the said local authority”)
is desirous of raising the sum of twenty-five thousand pounds
(£25,000) by a loan to be known as “Reticulation Extension
Loan, 1939” (hereinafter called “the said loan”), for the
purpose of carrying out extensions to the electrical reticulation
system in those portions of the Rangiora, Kowai, Eyre,
Oxford, and Ashley Counties originally constituting the
Board’s district (vide Proclamation dated the twenty-sixth
day of February, one thousand nine hundred and twenty-seven,
and in that portion of the Waipara County now included
in this district and 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,
doith hereby consent to the raising in New Zealand by the
said local authority of the said loan for the said purpose
to the amount of twenty-five thousand thousand pounds (£25,000), 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 not exceed 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 local authority shall, before raising the said
loan or any part thereof, 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 two
pounds ten shillings (£2 10s.), such payments to be made
in respect of every part of the said loan 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
loan or any part thereof so raised.

(4) The payment of interest and the repayment of principal
in respect of the said loan shall be made in New Zealand.

(5) No amount payable either as interest or sinking fund
in respect of the said loan shall be paid out of loan-moneys.

(6) 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.

(7) 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. 49/430/9.)

SCHEDULE.

OKOTUKU DOMAIN.-WELLINGTON LAND DISTRICT.

ALL that area containing by admeasurement 159 acres
3 roods 33 perches, more or less, situated in Block VI,
Wairoa Survey District, being Section 140 and part of
Section 338, Okotuku Registration District, and being all
the land comprised in Certificate of Title, Vol. 7, folio 265,
Wellington Registry, excepting thereout that part of the
said Section 338 taken for Railway purposes by Proclamation
No. 34.

Also all that area containing by admeasurement 2 acres,
more or less, being part of Section 337, Okotuku Block,
situated in Block VII, Wairoa Survey District. Bounded
towards the north-west by railway reserve, 251.9 links;
towards the north-east and the south-east by the other part
of the said Section 337, 876.8 links and 211.6 links respectively;
and towards the south-west by Section 338, 1013.5 links :
being all the land in Certificate of Title, Vol. 195, folio 181,
in the office of the District Land Registrar at Wellington.

Also all that area containing by admeasurement 1 acre
3 roods 11.4 perches, more or less, situated in Block VI,
Wairoa Survey District, being part of a closed road adjoining
Lot 4, D.P. 2178, being part of Section 153, and also adjoining
Section 338 of the Okotuku Registration District, and being
the whole of the land comprised in Land Transfer Certificate
of Title, Vol. 398, folio 127.

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

(L. and S. 1/139.)

Consenting to the Raising of a Loan of £2,500 by the Tauranga
County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 1st day
of February, 1940.

Present:

THE HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS the Tauranga County Council (hereinafter
called “the said local authority”) proposes, pursuant
to the provisions of section three of the Main Highways
Amendment Act, 1928, to borrow the sum of two thousand
five hundred pounds (£2,500) by a loan to be known as
“Main Highways Loan, 1940” (hereinafter called “the said
loan”), for the purpose of paying its portion of the cost
of certain improvement work on the Barkes Corner to Wairoa
River Bridge Section of the Tauranga-Matamata Main
Highway:

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,

Consenting to the Raising of a Loan of £2,500 by the Tauranga
County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 1st day
of February, 1940.

Present:

THE HON. P. FRASER PRESIDING IN COUNCIL.

WHEREAS the Tauranga County Council (hereinafter
called “the said local authority”) proposes, pursuant
to the provisions of section three of the Main Highways
Amendment Act, 1928, to borrow the sum of two thousand
five hundred pounds (£2,500) by a loan to be known as
“Main Highways Loan, 1940” (hereinafter called “the said
loan”), for the purpose of paying its portion of the cost
of certain improvement work on the Barkes Corner to Wairoa
River Bridge Section of the Tauranga-Matamata Main
Highway:

Now, therefore, His Excellency the Governor-General
doth hereby consent to the raising by the said local authority
of the said loan for the said purpose up to the amount of two
thousand five hundred pounds (£2,500), 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 be four (4) 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, together with interest thereon, shall be
repaid by equal aggregate annual instalments extending
over the term as determined in (1) above.

(4) 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. 49/228.)