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 twelve thousand five hundred
pounds (£12,500), 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 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 four pounds
(£4) 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 such other statutory enactment
as may be applicable, and shall thereafter make payments
to such sinking fund at intervals or not more than one year,
at a rate or rates per centum which shall be not less than one
pound eighteen shillings and ninepence (£1 18s. 9d.), such
payments to be made in respect of every part of the said
loan for the time being so raised 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 repayment of principal
in respect of the said loan shall be made in New Zealand.

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

(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. 49/307/22.)

Consenting to the Raising of a Loan of £1,400 by the Mackenzie
County Council and prescribing the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of
August, 1940.
Present :

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Mackenzie County Council (hereinafter
called "the said local authority") being desirous of
raising the sum of one thousand four hundred pounds (£1,400)
by a loan to be known as "Housing Loan, 1940" (hereinafter
called "the said loan"), for the purpose of purchasing a
dwelling for use by the County Engineer 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 up to the amount
of one thousand four hundred pounds (£1,400), 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 four pounds
(£4) 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. 49/257/7.)

Consenting to the Raising of a Rural Housing Loan of
£25,000 by the Matamata County Council and prescribing
the Conditions thereof.

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of
August, 1940.
Present :

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Matamata County Council is desirous
of raising from the State Advances Corporation of
New Zealand (hereinafter referred to as "the Corporation")
a loan of twenty-five thousand pounds (£25,000) to be
known as "Rural Housing Loan, No. 2, 1940" (hereinafter
called "the said loan"), for the purpose of enabling the
said Council out of the loan so raised to make advances
to farmers under the Rural Housing Act, 1939 :

And whereas the said Council 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 by the said Council from the Corporation for the
aforesaid purpose of a loan up to the amount of twenty-
five thousand pounds (£25,000), and in giving such consent
doth hereby determine as follows :--

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

(2) The rate of interest that may be paid in respect of
the said loan 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 not later than six months after the date of the
payment of the first instalment of the loan by the Corpora-
tion to the said Council. Such interest shall be computed
on the daily-debtor balances in the accounts of the
Corporation.

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

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

C. A. JEFFERY,
Clerk of the Executive Council.
(T. 49/129/10.)

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

GALWAY, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 21st day of
August, 1940.
Present :

His Excellency THE GOVERNOR-GENERAL 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),