3130
THE NEW ZEALAND GAZETTE.
[No. 78

and towards the north-west by a public road. As the same
is more particularly delineated on plan No. 125/62, deposited
in the Head Office of the State Forest Service at Wellington,
and thereon coloured green.

Given under the hand of His Excellency the Governor-
General of the Dominion of New Zealand, and issued
under the Seal of that Dominion, this 23rd day of
September, 1941.

J. G. BARCLAY,
For the Commissioner of State Forests.

GOD SAVE THE KING!

Crown Land set apart as a Permanent State Forest.

[L.S.] C. L. N. NEWALL, Governor-General.

A PROCLAMATION.

BY virtue and in exercise of the powers and authorities
conferred upon me by section eighteen of the Forests
Act, 1921–22, I, Cyril Louis Norton Newall, the Governor-
General of the Dominion of New Zealand, do hereby set
apart the Crown land described in the Schedule hereto as
a permanent State forest.

SCHEDULE.

NELSON LAND DISTRICT.—NELSON CONSERVANCY.

ALL that area in the Nelson Land District, Waimea County,
containing by admeasurement 289 acres, more or less, and
being Sections 2 and 3, Block II, Maungatapu Survey District.
As the same is more particularly delineated on plan 103/13,
deposited in the Head Office of the State Forest Service at
Wellington, and thereon bordered red.

Given under the hand of His Excellency the Governor-
General of the Dominion of New Zealand, and issued
under the Seal of that Dominion, this 23rd day of
September, 1941.

J. G. BARCLAY,
For the Commissioner of State Forests.

GOD SAVE THE KING!

Crown Land set apart as a Permanent State Forest.

[L.S.] C. L. N. NEWALL, Governor-General.

A PROCLAMATION.

BY virtue and in exercise of the powers and authorities
conferred upon me by section eighteen of the Forests
Act, 1921–22, I, Cyril Louis Norton Newall, the Governor-
General of the Dominion of New Zealand, do hereby set
apart the Crown land described in the Schedule hereto as
a permanent State forest.

SCHEDULE.

AUCKLAND LAND DISTRICT.—ROTORUA CONSERVANCY.

ALL that area in the Auckland Land District, Whakatane
County, containing by admeasurement 8,625 acres, more or
less, and being Section 1, Block XII, and Section 1, Block
XVI, Weao Survey District, Section 1, Block IX, and Section
5, Block XIII, Ahikereru Survey District, and Section 1,
Block IV, Heruiwi Survey District. As the same is more
particularly delineated on plan No. 47/42, deposited in the
Head Office of the State Forest Service at Wellington, and
thereon edged red. (Auckland plan S.O. 30910.)

Given under the hand of His Excellency the Governor-
General of the Dominion of New Zealand, and issued
under the Seal of that Dominion, this 23rd day of
September, 1941.

J. G. BARCLAY,
For the Commissioner of State Forests.

GOD SAVE THE KING!

Consenting to the Raising of a Loan of £621,978 by the
Christchurch City Council and prescribing the Conditions
thereof.

C. L. N. NEWALL, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 24th day of
September, 1941.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by Order in Council made on the tenth day
of September, one thousand nine hundred and
thirty-four, cited as the “Christchurch City Loans Con-
version Order, 1934” (hereinafter referred to as “the said
Order”) the Christchurch City Council (hereinafter referred
to as “the said local authority”) was authorized to issue
new securities in conversion of any existing securities to which
the Order applied :

And whereas by clause sixteen of the said Order it was
provided that in respect of any new security the specified
maturity date of which was a date later than the thirty-first
day of March, one thousand nine hundred and forty, the
said local authority might stipulate in such new security for
the redemption thereof at the option of the said local
authority on such date prior to that specified therein (but not
earlier than the thirty-first day of March, one thousand nine
hundred and forty) as the said local authority might fix by
notice in that behalf to be published in the Gazette at least
six months before such prior date :

And whereas the said local authority proposes to exercise
the option contained in clause sixteen above mentioned to
repay all debentures which in terms of the said Order mature
after the thirty-first day of March, one thousand nine hundred
and forty-two, and in order to give effect to such proposal
is desirous of raising a loan of £621,978, to be known as
“Conversion Loan, 1935, Redemption Loan, 1941” (herein-
after called “the said loan”) :

And whereas the said local authority has complied with
the provisions of the Local Government Loans Board Act,
1926 (hereinafter referred to as “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 for the said purpose up
to the amount of six hundred and twenty-one thousand nine
hundred and seventy-eight pounds (£621,978), 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 thirteen (13) 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 three pounds
twelve shillings and sixpence (£3 12s. 6d.) per centum per
annum.

(3) The said loan shall be repaid by the annual redemption
of debentures on the dates set out in the first column of
the Schedule hereunder of the respective amounts stated
opposite such dates in the second column of the said Schedule.

SCHEDULE.

(4) 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 of the sum of twenty-nine thousand two hundred
and sixty-five pounds (£29,265), 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, such amount to be increased
each year by a sum equivalent to three pounds twelve shillings
and sixpence (£3 12s. 6d.) per centum of all repayments of
principal made as provided for in clause three above up to
and including the previous redemption date.

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

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

(7) 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.

(8) No moneys shall be borrowed under this consent after
the expiration of two years from the date hereof.

T. R. AICKIN,
Acting Clerk of the Executive Council.

(T. 49/268/37.)