294

THE NEW ZEALAND GAZETTE

[No. 24]

Appointments of Officers of the Royal New Zealand Air Force

Air Department,
Wellington, 20th March, 1944.

HIS Excellency the Governor-General has been pleased to approve of the following appointments:—

APPOINTMENTS

Acting Air Commodore Arthur de Terrotte NEVILL, C.B.E., B.Sc., A.F.R.Ae.S., p.s.a., R.N.Z.A.F., is appointed Vice-Chief of the Air Staff. Dated 3rd February, 1944.

Acting Air Commodore Geoffrey Twyford JARMAN, D.S.O., D.F.C., R.A.F., relinquishes his appointment as a Member of the Air Board. Dated 20th March, 1944.

Acting Air Commodore Arthur de Terrotte NEVILL, C.B.E., B.Sc., A.F.R.Ae.S., p.s.a., R.N.Z.A.F., is appointed a Member of the Air Board. Dated 21st March, 1944.

F. JONES, Minister of Defence.

Varying the Determinations in respect of the Gisborne Harbour Board's Loan of £185,000

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 22nd day of March, 1944

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the twenty-first day of July, one thousand nine hundred and forty-three (hereinafter referred to as “the said Order in Council”), and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising in New Zealand by the Gisborne Harbour Board (hereinafter referred to as “the said local authority”) of a loan of one hundred and eighty-five thousand pounds (£185,000), to be known as “Redemption Loan, 1944” (hereinafter referred to as “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 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 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 vary the determinations aforesaid in respect of the said loan by prescribing as follows:—

(1) In lieu of a rate of interest not exceeding three pounds ten shillings (£3 10s.) per centum per annum, as specified in clause two of the said Order in Council, the rate of interest that may be paid in respect of the said loan shall be such as shall not produce to the lender or lenders a rate exceeding three pounds fifteen shillings (£3 15s.) per centum per annum.

(2) In lieu of repayment by equal annual or half-yearly instalments of principal and interest, as specified in clause three of the said Order in Council, the said loan shall be repaid by half-yearly instalments in the half-years set out in the first column of the Schedule hereunder of the amounts set opposite each half-year in the second column of the said Schedule. Each such half-yearly instalment includes a repayment of principal of the amount set opposite each such half-year in the third column of the said Schedule and a half-year’s interest calculated at the rate of three pounds fifteen shillings (£3 15s.) per centum per annum, as specified in clause one above, on the amount of principal outstanding immediately prior to the date of payment of such instalment.

SCHEDULE

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

(T. 49/13/2.)