May 20] THE NEW ZEALAND GAZETTE 539

Crown Land set apart as a Provisional 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 provisional State forest.

SCHEDULE

WELLINGTON LAND DISTRICT.—WELLINGTON CONSERVANCY

ALL that area in the Wellington Land District, Kaitieke County, containing by admeasurement 813 acres, more or less, situated in Block III, Waimanu Survey District, and Block I, Tongariro Survey District, and being Taurewa 4 West A No. 4B Block, 182 acres; Taurewa 4 West B Block, 317 acres; and Taurewa 4 West C Block, 314 acres. As the same is more particularly delineated on plan No. 52/11, deposited in the Head Office of the State Forest Service at Wellington, and thereon bordered red. (Wellington S.O. plans W.D. 2675 and W.D. 2675c.)

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 13th day of May, 1943.

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

GOD SAVE THE KING!

(S.F. 6/3/42.)

Consenting to the Raising of a Loan of £71,000 by the Palmerston North Hospital Board and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 19th day of May, 1943

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Palmerston North Hospital Board (hereinafter called “the said local authority”), being desirous of raising a loan of seventy-one thousand pounds (£71,000), to be known as “Buildings, Plant, and Equipment Loan, 1943” (hereinafter called “the said loan”), for the purpose of providing additions and alterations to and strengthening buildings, and providing services, furnishings, and equipment, 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 seventy-one thousand pounds (£71,000), 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 be twenty (20) 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 seven shillings and sixpence (£3 7s. 6d.) per centum per annum.

(3) The said loan or any part thereof shall be repaid by the half-yearly redemption of debentures in the half-years set out in the first column of the Schedule hereunder of the amounts stated opposite each such half-year in the second column of the said Schedule.

SCHEDULE OF REDEMPTIONS

(4) The payment of interest and the redemptions in respect of the said loan shall be made in New Zealand.

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

(6) The rate payable for brokerage, underwriting, and procurement 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. 49/506/6.)

Consenting to the Raising of a Loan of £9,000 by the Newmarket Borough Council and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 19th day of May, 1943

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Newmarket Borough Council (hereinafter called “the said local authority”), being desirous of raising a loan of nine thousand pounds (£9,000), to be known as “Waterworks Loan, 1942” (hereinafter called “the said loan”), for the purpose of replacing, cleaning, and relining water mains in the borough, 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 nine thousand pounds (£9,000), 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 twenty-two (22) 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 thereafter 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 three pounds two shillings (£3 2s.), 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 procurement 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 the 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. 49/186/16.)

Consenting to the Raising of the Balance (£171,800) of the Auckland City Council’s Loan of £221,800 and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 19th day of May, 1943

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the seventeenth day of July, one thousand nine hundred and forty, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising by the Auckland City Council (hereinafter called “the said local authority”), of a loan of two hundred and twenty-one thousand eight hundred pounds (£221,800), to be known as “Waterworks Development Loan, 1940” (hereinafter called “the said loan”):

And whereas the authority conferred by the said Order in Council has not been exercised to the extent of one hundred and seventy-one thousand eight hundred pounds (£171,800) (hereinafter called “the said sum”):