478

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 up to an amount of twenty-nine thousand five hundred pounds (£29,500) for the purpose for which the amounts of twenty-three thousand pounds (£23,000) and six thousand five hundred pounds (£6,500) were authorized, 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 (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 or rates exceeding three pounds seven shillings and sixpence (£3 7s. 6d.) per centum per annum.

(3) The said loan, together with interest thereon, 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 amounting to seven hundred and thirty-seven pounds ten shillings (£737 10s.) and a half-year's interest calculated at the rate of three pounds seven shillings and sixpence (£3 7s. 6d.) per centum per annum, as determined in clause two above, on the amount of principal outstanding immediately prior to the date of payment of such instalment. The first half-yearly instalment shall be paid not later than six (6) months from the raising of the said loan.

SCHEDULE

First Column. Half-year. Amount. Second Column. First Column. Half-year. Amount. £ s. d. 1st 1,235 6 3 2nd 1,222 17 4 3rd 1,210 8 5 4th 1,197 19 6 5th 1,185 10 7 6th 1,173 1 8 7th 1,160 12 9 8th 1,148 3 10 9th 1,135 14 11 10th 1,123 6 0 11th 1,110 17 2 12th 1,098 8 2 13th 1,085 19 4 14th 1,073 10 4 15th 1,061 1 5 16th 1,048 12 6 17th 1,036 3 7 18th 1,023 14 8 19th 1,011 5 9 20th 998 16 10 21st 986 7 11 22nd 973 19 0 23rd 961 10 2 24th 949 1 2 25th 936 12 4 26th 924 3 4 27th 911 14 5 28th 899 5 6 29th 886 16 7 30th 874 7 8 31st 861 18 9 32nd 849 9 10 33rd 837 0 11 34th 824 12 0 35th 812 3 2 36th 799 14 2 37th 787 5 3 38th 774 16 4 39th 762 7 5 40th 749 18 11

(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. 49/487/5.)

Varying the Determinations in respect of the Wanganui Harbour Board’s Loan of £219,500

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

At the Government House at Wellington, this 24th day of April, 1945

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL WHEREAS by Order in Council made on the fifth day of April, one thousand nine hundred and forty-four (hereinafter called “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 Wanganui Harbour Board (hereinafter called “the said local authority”) of a loan of two hundred and nineteen thousand five hundred pounds (£219,500), to be known as “Redemption Loan, 1945” (hereinafter called “the said loan”):

And whereas the said loan has not yet been raised, 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

[No. 31

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 fifteen shillings (£3 15s.) 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 seven shillings and sixpence (£3 7s. 6d.) per centum per annum.

(2) In lieu of repayment by equal aggregate 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 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 such half-years in the second column of the said Schedule, the first such redemption to be made not later than six (6) months after the date of the raising of the said loan.

SCHEDULE

First Column. Half-year. Amount. £ 1st 2,800 2nd 2,900 3rd 2,900 4th 3,000 5th 3,000 6th 3,100 7th 3,100 8th 3,200 9th 3,200 10th 3,300 11th 3,300 12th 3,400 13th 3,500 14th 3,500 15th 3,600 16th 3,600 17th 3,700 18th 3,800 19th 3,800 20th 3,900 21st 4,000 22nd 4,000 23rd 4,100 24th 4,100 25th 4,300 26th 4,300 27th 4,300 28th 4,500 29th 4,500 30th 4,600 31st 4,700 32nd 4,700 33rd 4,900 34th 4,900 35th 5,000 36th 5,100 37th 5,100 38th 5,300 39th 5,300 40th 5,500 41st 5,500 42nd 5,600 43rd 5,700 44th 5,800 45th 5,900 46th 6,000 47th 6,200 48th 6,200 49th 6,300 50th 6,500.

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

(T. 49/40/6.)

Domain Board appointed to have Control of the Leithfield Domain

C. L. N. NEWALL, Governor-General ORDER IN COUNCIL At the Government Buildings at Wellington, this 2nd day of May, 1945

Present :

THE HON. W. NASH 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 William Boyce, Alfred Mennons Gray, Donald Martin Keppler, Robert Halse May, Edgar Robert Reay, Henry May, Ronald de Garis Robilliard, Robert Thomas Willan, and Maurice Kitchener Wright

to be the Leithfield Domain Board, having control of the land described in the Schedule hereto ; and doth hereby appoint Saturday, the nineteenth day of May, one thousand nine hundred and forty-five, at seven-thirty o’clock p.m., as the time when, and the Leithfield Hall, Leithfield, as the place where, the first meeting of the Board shall be held.

SCHEDULE LEITHFIELD DOMAIN.-CANTERBURY LAND DISTRICT PART Reserve 3595, Block IX, Teviotdale Survey District : Area, 45 acres 2 roods 29.4 perches, more or less. Reserve 4124, Block IX, Teviotdale Survey District : Area, 8 acres, more or less. Reserve 4224, Block IX, Teviotdale Survey District : Area, 2 acres 2 roods 8 perches, more or less. Reserve 4248, Block IX, Teviotdale Survey District : Area, 24.9 perches, more or less.

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

(L. and S. 1/307.)