Nov. 12.] THE NEW ZEALAND GAZETTE. 2735

Consenting to the Raising of a Loan of £40,000 by the Wellington City Council and prescribing the Conditions thereof.

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

ORDER IN COUNCIL.

At the Government House at Wellington, this 10th day of November, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Wellington City Council (hereinafter called “the said local authority”), being desirous of raising the sum of forty thousand pounds (£40,000), by a loan to be known as “Wellington City New Office Building Loan, 1942” (hereinafter called “the said loan”), for the purpose of providing new office accommodation to replace buildings damaged by earthquake, 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 for the said purpose up to the amount of forty thousand pounds (£40,000), 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 thirty-five (35) 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 three pounds ten shillings (£3 10s.) 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 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 one pound ten shillings (£1 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 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 borrowing of the said loan or any part thereof shall not in the aggregate exceed one-half per centum of any amount raised.

(7) No money 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. 49/168/86.)

Consenting to the Raising of a Loan of £3,500 by the Onehunga Borough Council and prescribing the Conditions thereof.

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

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of October, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS the Onehunga Borough Council (hereinafter called “the said local authority”), being desirous of raising the sum of three thousand five hundred pounds (£3,500), by a loan to be known as “Emergency Precautions Services Loan, 1942” (hereinafter called “the said loan”), for the purpose of providing the amount allocated to the Onehunga Borough for Emergency Precautions services in the Auckland Metropolitan Area, 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 for the said purpose up to the amount of three thousand five hundred pounds (£3,500), 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 ten (10) 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 three pounds ten shillings (£3 10s.) 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. 40/119/16.)

Declaring Buildings and Land at Taupo County, Auckland Land District, to be a Public Institution within the meaning of the Mental Defectives Act, 1911.

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

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of October, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS by the Mental Defectives Act, 1911, it is enacted that the Governor-General may, by Order in Council, declare that any building provided and maintained wholly or in part out of moneys appropriated by Parliament, together with any land used or intended to be used in connection therewith, is a public institution within the meaning of the said Act:

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, doth hereby declare that the buildings situated on the land described in the Schedule hereto, being buildings provided and maintained wholly or in part out of moneys appropriated for the purpose by Parliament, together with the land described in the said Schedule, and used or intended to be used in connection with the said buildings, to be a public institution within the meaning of the Mental Defectives Act, 1911.

SCHEDULE.

That portion of the area of land situated in the Auckland Land District, Taupo County, and Block XIV, Tatura Survey District, known as part Wairakei Block and part Section 4, Block XIV, Tatura Survey District, comprised in Certificates of Title, Volume 690, folio 120, and Volume 663, folio 295, Auckland Registry, and occupied by the Wairakei Hostel and outbuildings, including the grounds surrounding the Hostel, the gardens, the golf links, the Avenue Bath, and the Fairy Bath. As the same is delineated approximately on the plan marked M.H.D. 2, deposited in the Head Office, Mental Hospitals Department, at Wellington, and thereon bordered red.

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

Declaring Buildings and Land at Tongariro National Park, Wellington Land District, to be a Public Institution within the meaning of the Mental Defectives Act, 1911.

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

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of October, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS by the Mental Defectives Act, 1911, it is enacted that the Governor-General may, by Order in Council, declare that any building provided and maintained wholly or in part out of moneys appropriated by Parliament, together with any land used or intended to be used in connection therewith, is a public institution within the meaning of the said Act:

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, doth hereby declare that the buildings situated on the land described in the Schedule hereto, being buildings provided and maintained wholly or in part out of moneys appropriated for the purpose by Parliament, together with the land described in the said Schedule, and used or intended to be used in connection with the said buildings, to be a public institution within the meaning of the Mental Defectives Act, 1911.

SCHEDULE.

All that area in the Wellington Land District containing by admeasurement 57 acres 3 roods 30 perches, more or less, known as the hostel-site, Tongariro National Park, being part Ohakune No. 8 Block, situated in Block III, Ruapehu Survey District, and being the whole of the area numbered 1 on Plan 18700, deposited in the Wellington District Office, Department of Lands and Survey, and thereon bordered red.