MAR. 27.] THE NEW ZEALAND GAZETTE. 749
the raising of the said loan in accordance with the said
and repayment therein set out, consent was given to the
determinations, borrowing the said amount of twenty
raising by the Awatere County Council (hereinafter called
thousand pounds (£20,000) or any part thereof by the
“the said local authority”) of the sum of seven thousand
hypothecation or mortgage of the said debentures at a
pounds (£7,000) by a loan to be known as “Awatere Water-
rate of interest not exceeding four pounds ten shillings
supply Additional Loan, 1940” (hereinafter called “the
(£4 10s.) per centum per annum, and hereby prescribes that
said loan”):
the said local authority shall, before the said amount of
And whereas the authority conferred by the said Order in
twenty thousand pounds (£20,000) or any portion thereof
Council has not yet been exercised, and it is expedient to
is borrowed by way of hypothecation, pursuant to the
vary certain of the determinations aforesaid in respect of
authority of this Order in Council, establish a sinking fund,
of the said loan :
and shall thereafter make payments to such sinking fund
Now, therefore, His Excellency the Governor-General of
in accordance with clause three of the aforesaid Order in
the Dominion of New Zealand, acting by and with the advice
Council of the thirty-first day of October, one thousand
and consent of the Executive Council of the said Dominion,
nine hundred and forty, and in all respects as if such bor
and in pursuance and exercise of the powers and authorities
rowing of the said amount or part thereof by way of
conferred on him by section eleven of the Local Government
hypothecation were the raising of a loan within the meaning
Loans Board Act, 1926, as set out in section twenty-nine
of that clause.
of the Finance Act, 1932 (No. 2), and of all other powers
C. A. JEFFERY,
and authorities enabling him in this behalf, doth hereby
Clerk of the Executive Council.
vary certain of the determinations aforesaid in respect of
(T. 49/393/8.)
the said loan by prescribing as follows:-
Consenting to the Raising of a Loan of £2,000 by the
(1) In lieu of the term of thirty-five (35) years, specified in
Westland Hospital Board and prescribing the Conditions
clause one of the said Order in Council, the term shall be
thereof.
twenty-five (25) years.
C. L. N. NEWALL, Governor-General.
(2) In lieu of a rate of interest not exceeding four pounds
ORDER IN COUNCIL.
(£4) per centum per annum, as specified in clause two of the
At the Government House at Wellington, this 12th day of
said Order in Council, the rate of interest that may be paid
March, 1941.
in respect of the said loan shall be such as shall not produce
Present:
to the lender a rate exceeding three pounds fourteen shillings
His EXCELLENOY THE GOVERNOR-GENERAL IN COUNCIL.
(£3 14s.) per centum per annum.
WHEREAS the Westland Hospital Board (hereinafter
(3) In lieu of provision being made for repayment by the
called “the said local authority”), being desirous
establishment of a sinking fund in respect thereof, as specified
of raising the sum of two thousand pounds (£2,000) by a
in clause three of the said Order in Council, the said loan shall
loan to be known as “Alterations and Additions Loan,
be repaid as follows:—
1940” (hereinafter called “the said loan”) for the purpose
(a) By fifty (50) equal payments of one hundred and
of carrying out alterations and additions to the Maternity
seventy-nine pounds three shillings and one penny
Home at Hokitika and alterations and additions to the
(£179 3s. ld.), one of such payments to be made at
heating system at the Westland Hospital, has complied
the end of every half-year commencing from the
with the provisions of the Local Government Loans Board
date on which the said loan is raised. Each such
Act, 1926 (hereinafter called “the said Act”), and it is
half-yearly payment shall be applied firstly in
expedient that the precedent consent of the Governor-
payment of interest computed at the rate of
General in Council as required by the said Act should be
three pounds fourteen shillings (£3 14s.) per centum
exceeding three pounds fourteen shillings per annum.
given to the raising of the said loan:
(b) By a payment at the end of the twenty-fifth year
Now, therefore, His Excellency the Governor-General of
from the date of the raising of the said loan of a
the Dominion of New Zealand, acting by and with the advice
sum equal to the amount to which the principal
and consent of the Executive Council of the said Dominion,
has been reduced in accordance with the preceding
and in pursuance and exercise of the powers and authorities
paragraph (a) hereof after payment of the afore-
conferred on him by section eleven of the said Act, as set
said fifty (50) half-yearly payments.
out in section twenty-nine of the Finance Act, 1932 (No. 2),
C. A. JEFFERY,
and of all other powers and authorities enabling him in
Clerk of the Executive Council.
this behalf, doth hereby consent to the raising in New Zea-
land by the said local authority of the said loan up to the
amount of two thousand pounds (£2,000), 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 five (5) 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 pro-
   curation 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. 49/365/2.)
   Varying the Determinations in respect of the Awatere County
   Council's Loan of £7,000.
   C. L. N. NEWALL, Governor-General.
   ORDER IN COUNCIL.
   At the Government House at Wellington, this 19th day of
   March, 1941.
   Present:
   His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
   WHEREAS by Order in Council made on the eighteenth
   day of December, one thousand nine hundred and
   forty, and subject to the determinations as to borrowing
   Varying the Determinations in respect of the Napier Borough
   Council's Loan of £2,500.
   C. L. N. NEWALL, Governor-General.
   ORDER IN COUNCIL.
   At the Government House at Wellington, this 19th day of
   March, 1941.
   Present:
   His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
   WHEREAS by Order in Council made on the twenty-
   sixth day of February, one thousand nine hundred
   and forty-one, and subject to the determinations as to
   borrowing and repayment therein set out, consent was given
   to the raising by the Napier Borough Council (hereinafter
   called “the said local authority”) of the sum of two
   thousand five hundred pounds (£2,500) by a loan to be
   known as “Low Level Reservoir Supplementary Loan, 1941”
   (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 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 Govern-
   ment 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 loan by prescribing as follows:-
   (1) In lieu of the term of thirty (30) years, as specified
   in clause one of the said Order in Council, the term shall be
   twenty-five (25) years.