APRIL 30.] THE NEW ZEALAND GAZETTE. 1329

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

C. L. N. NEWALL, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 22nd day of April, 1942.
Present:
THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL.
WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans stated opposite their names therein, 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), and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising in New Zealand by the respective local authorities mentioned in the first column of the said Schedule of the respective loans set out in the second column of the said Schedule, up to the respective amounts specified in the third column of the said Schedule, and in giving such consent doth hereby determine as follows:-
(1) The terms for which the said loans or any parts thereof may be raised shall be the respective terms (in years) stated in the fourth column of the said Schedule.
(2) The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the fifth column of the said Schedule.
(3) The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annual or half-yearly instalments extending over the respective terms as determined in (1) above.
(4) The payment of such instalments shall be made in New Zealand, and no such instalment 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 respective loans or any parts 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.
SCHEDULE.
| First Column. | Second Column. | Third Column. | Fourth Column. | Fifth Column. |
| --- | --- | --- | --- | --- |
| Name of Local Authority. | Name of Loan. | Amount of Loan. | Term of Loan (Years). | Rate of Interest. |
| Wanganui Hospital Board | Jubilee Home Building Loan, 1942 | £30,000 | 20 | £3 15 0 |
| Wanganui Hospital Board | Taihape Hospital Special Loan, 1942 | £1,600 | 20 | £3 15 0 |
| Wellington Hospital Board | Hospital Additions Loan, 1942 | £165,000 | 20 | £3 15 0 |
| Wellington Hospital Board | Emergency Water-supply Tank Loan, 1942 | £9,000 | 20 | £3 10 0 |
(T. 40/416/6.)
W. O. HARVEY,
Acting Clerk of the Executive Council.
Consenting to the Raising of a Loan of £42,500 by the Onehunga Borough Council and prescribing the Conditions thereof.
C. L. N. NEWALL, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 22nd day of April, 1942.
Present:
THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL.
WHEREAS the Onehunga Borough Council (hereinafter called “the said local authority”) proposes, pursuant to the terms of a requisition issued under section twenty-two of the Health Act, 1920, to raise a loan of forty-two thousand five hundred pounds (£42,500), to be known as “Water-supply loan, 1942” (hereinafter called “the said loan”), for the purpose of providing an improved water-supply for the inhabitants of the borough:
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, 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-two thousand five hundred pounds (£42,500), 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 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 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.
W. O. HARVEY,
Acting Clerk of the Executive Council.
Domain Board appointed to have Control of the Wahi Takaro Domain.
C. L. N. NEWALL, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 22nd day of April, 1942.
Present:
THE RIGHT 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
John Martin South,
Ivon Guy Grierson,
John Ernest Chamberlain,
William Ernest Chamberlain,
Herbert Osmond Townsend Hanby,
Douglas Frederick Coleman, and
Maurice Irwin Malthus
to be the Wahi Takaro Domain Board, having control of the land described in the Schedule hereto; and doth hereby appoint Thursday, the fourteenth day of May, one thousand nine hundred and forty-two, at eight o’clock p.m., as the time when, and the Town Board Office, Amberley, as the place where, the first meeting of the Board shall be held.
SCHEDULE.
CANTERBURY LAND DISTRICT.-WAHI TAKARO DOMAIN.
RESERVE 3716, Block VIII, Teviotdale Survey District: Area, 57 acres 3 roods 15 perches, more or less.
Reserve 4345, Blocks VIII and X, Teviotdale Survey District: Area, 37 acres, more or less.
W. O. HARVEY,
Acting Clerk of the Executive Council.
(L. and S. 1/247.)