1114
THE NEW ZEALAND GAZETTE
[No. 79

(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 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.
(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. 49/210/6)

Consenting to the Raising of the Otago Electric-power Board’s Loan of £12,000 and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 6th day of September, 1944

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the twenty-second day of November, one thousand nine hundred and thirty-nine, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising by the Otago Electric-power Board (hereinafter called “the said local authority”) of a loan of twelve thousand pounds (£12,000), to be known as “Clinton Extension Loan, 1939”:

And whereas the authority conferred by the said Order in Council has not yet been exercised:

And whereas the authority has lapsed in accordance with the provisions of clause seven of the said Order in Council, and it is not now lawful or competent for the said local authority to raise the said loan or any portion thereof except in accordance with the provisions of a further Order in Council that may be issued pursuant to section eleven of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”):

And whereas the said local authority is now desirous of raising the said loan, and it is expedient to authorize the said local authority to raise the said loan on the conditions hereinafter set out:

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 up to the amount of twelve thousand pounds (£12,000), and in giving such consent doth hereby determine as follows:—

(1) The term for which the said loan or any part thereof may be borrowed 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 exceeding three pounds five shillings (£3 5s.) 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 such instalments shall be paid out of loan-moneys.
(5) 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 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. 49/371/5.)

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 House at Wellington, this 6th day of September, 1944

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the several local authorities enumerated in the Schedule hereto propose, pursuant to the provisions of section thirty of the Soil Conservation and Rivers Control Act, 1941, to raise the respective loans stated opposite their names therein for the purpose of paying administration expenses:

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 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 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 a rate exceeding three pounds fifteen shillings (£3 15s.) per centum per annum.
(2) The said respective loans or any parts thereof shall be repaid prior to the respective dates set out in the fourth column of the said Schedule.
(3) No moneys shall be borrowed under this consent after the expiration of two years from the date hereof.

SCHEDULE

(T. 49/416/5.)
C. A. JEFFERY, Clerk of the Executive Council.

Domain Board appointed to have Control of the Wakefield Domain

C. L. N. NEWALL, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 13th day of September, 1944

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 to be the Wakefield Domain Board, having control of the land described in the Schedule hereto; and doth hereby appoint Monday, the ninth day of October, one thousand nine hundred and forty-four, at eight o’clock p.m., as the time when, and the Domain Hall, Wakefield, as the place where, the first meeting of the Board shall be held.

SCHEDULE

WAKEFIELD DOMAIN.—NELSON LAND DISTRICT

SECTIONS 1 and 2, Block XVI, Wai-iti Survey District: Area, 5 acres 1 rood 36·8 perches, more or less.

Also all that area containing 11 acres 3 roods 9 perches, more or less, being portions of Section 90, District of Waimea South, situated in Block XVI, Wai-iti Survey District, and being all the land comprised in Certificate of Title, Volume 81, folio 43 (Nelson Registry).

Also all that area containing 32·2 perches, more or less, being Lot 1 on a plan deposited in the Land Registry Office at Nelson under No. 2327, and being part of Section 83, District of Waimea South, situated in Block XII, Wai-iti Survey District, and being all the land comprised in Certificate of Title, Volume 75, folio 296 (Nelson Registry).

C. A. JEFFERY, Clerk of the Executive Council.
(L. and S. 1/42.)