Dec. 19] THE NEW ZEALAND GAZETTE 1569

Consenting to the Raising of a Loan of £3,000 by the Otorohanga
Town Board and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 18th day of
December, 1945

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL

WHEREAS the Otorohanga Town Board (hereinafter called
“the said local authority”), being desirous of raising a loan
of three thousand pounds (£3,000), to be known as “Transit Housing
Loan, 1945” (hereinafter called “the said loan”), for the purpose
of providing temporary housing accommodation, 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 three thousand pounds
(£3,000), 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 ten (10) 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 (£3) 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) No amount shall be payable for brokerage, underwriting,
or procuration fees in respect of the raising of the said loan or any
part thereof.

(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.

(T. 49/433.)

Consenting to the Raising of a Loan of £11,000 by the Pahiatua
Borough Council and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 18th day of
December, 1945

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL

WHEREAS the Pahiatua Borough Council (hereinafter called
“the said local authority”), being desirous of raising a
loan of eleven thousand pounds (£11,000), to be known as “Housing
Loan, 1945” (hereinafter called “the said loan”), for the purpose
of purchasing land and erecting not less than six (6) dwellings to be
let or sold by the Council, 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 eleven thousand
pounds (£11,000), 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-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 (£3) 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) No amount shall be payable for brokerage, underwriting, or
procuration fees in respect of the raising of the said loan or any part
thereof.

(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.

(T. 49/516/10.)

Consenting to the Raising of a Loan of £65,000 by the Wellington City
Council and prescribing the Conditions thereof

C. L. N. NEWALL, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 18th day of
December, 1945

Present:

THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL

WHEREAS the Wellington City Council (hereinafter called “the
said local authority”), being desirous of raising a loan of
sixty-five thousand pounds (£65,000), to be known as “Wellington
City Milk Loan, 1945” (hereinafter called “the said loan”), for the
purpose of providing building extensions and purchasing plant, 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 sixty-five thousand pounds (£65,000),
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 (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 five shillings
(£3 5s.) per centum per annum.

(3) The said loan shall be repaid by the annual redemption of
debentures in the years set out in the first column of the Schedule
hereunder of the amounts stated opposite each such year in the
second column of the said Schedule, the first such redemption to be
made not later than one (1) year after the raising of the said loan
or any portion thereof.

SCHEDULE OF REDEMPTIONS

First Column. Second Column. First Column. Second Column.
—— —— —— ——
Year. Amount. Year. Amount.

£ £
1st .. 2,300 11th .. 3,200
2nd .. 2,400 12th .. 3,400
3rd .. 2,600 13th .. 3,500
4th .. 2,600 14th .. 3,500
5th .. 2,600 15th .. 3,700
6th .. 2,800 16th .. 3,800
7th .. 2,900 17th .. 4,000
8th .. 2,900 18th .. 4,000
9th .. 3,100 19th .. 4,200
10th .. 3,100 20th .. 4,400

(4) The payment of interest and the redemptions in respect of
such 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-money.

(6) 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.

(7) 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.

(T. 49/168/96.)