212
THE NEW ZEALAND GAZETTE
[No. 9

Directing the Sale of Land under the Public Works Act, 1928, in
Block XXI, Invercargill Hundred, subject to a certain Reservation

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

At the Government Buildings at Wellington, this 6th day of
February, 1946

Present:

THE HON. D. G. SULLIVAN PRESIDING IN COUNCIL

IN pursuance and exercise of the powers and authorities conferred
upon him by the Public Works 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 direct the sale of the land described in the
Schedule hereto, such land being no longer required for the public
work for which it was taken, reserving, however, to His Majesty
the King full and free liberty, right, license, and authority in
perpetuity to construct, use, and maintain an open drain or water-
course across that portion of Section 6, Block XXI, Invercargill
Hundred, shown coloured pink on the plan referred to in the
Schedule hereto, together with the right of His Majesty’s agents
and servants to enter on the said land from time to time and at all
reasonable times to cleanse, repair, and keep open the said drain
or watercourse and, if deemed necessary, to erect a fence along the
said drain or watercourse, such easement to be appurtenant to the
balance of the land comprised and described in Certificate of Title,
Volume 115, folio 266 (Southland Land Registry).

SCHEDULE

APPROXIMATE area of the piece of land directed to be sold: 16 acres
1 rood 7 perches.
Being part Sections 5 and 6.
Situated in Block XXI, Invercargill Hundred (Southland R.D.).
(S.O. 5671.)
In the Southland Land District; as the same is more parti-
cularly delineated on the plan marked P.W.D. 122745, deposited
in the office of the Minister of Works at Wellington, and thereon
coloured blue and pink.

T. J. SHERRARD,
Acting Clerk of the Executive Council.

(P.W. 25/121/3.)

Consenting to the Raising of a Loan of £250 by the Rangitikei
Catchment Board and prescribing the Conditions thereof

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

At the Government Buildings at Wellington, this 6th day of
February, 1946

Present:

THE HON. D. G. SULLIVAN PRESIDING IN COUNCIL

WHEREAS the Rangitikei Catchment Board (hereinafter called
“the said local authority”) proposes, pursuant to the
provisions of section thirty of the Soil Conservation and Rivers
Control Act, 1941, to raise a loan of two hundred and fifty pounds
(£250), to be known as “Equipment Loan, 1946” (hereinafter
called “the said loan”), for the purpose of purchasing materials
necessary for small river protection works to be undertaken by
riparian owners:

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 said local authority of the said loan
for the said purpose up to the amount of two hundred and fifty
pounds (£250), and in giving such consent doth hereby determine
as follows:—

(1) 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 a rate exceeding three pounds fifteen shillings (£3 15s.) per
centum per annum.

(2) The said loan or any part thereof shall be repaid on or prior
to the thirty-first day of March, one thousand nine hundred and
forty-eight.

T. J. SHERRARD,
Acting Clerk of the Executive Council.

(T. 49/720.)

Consenting to the Raising of a Loan of £350 by the Featherston
Borough Council and prescribing the Conditions thereof

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

At the Government Buildings at Wellington, this 6th day of
February, 1946

Present:

THE HON. D. G. SULLIVAN PRESIDING IN COUNCIL

WHEREAS the Featherston Borough Council (hereinafter called
“the said local authority”) proposes, pursuant to the
provisions of section three of the Main Highways Amendment Act,
1928, to borrow the sum of three hundred and fifty pounds (£350),
by a loan to be known as “Main Highways Loan, 1946” (hereinafter called “the said loan”), for the purpose of paying its portion
of the cost of sealing-work on the Featherston–Martinborough
Main Highway:

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 said local authority of the said
loan for the said purpose up to the amount of three hundred and
fifty pounds (£350), 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 five (5) 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 a rate exceeding three pounds fifteen shillings (£3 15s.) per
centum per annum.

(3) The said loan, together with interest thereon, shall be repaid
by equal aggregate annual instalments extending over the term
as determined in (1) above.

(4) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Acting Clerk of the Executive Council.

(T. 49/339.)

Consenting to the Raising of Portion (£35,000) of the Bay of
Islands Electric-power Board’s Loan of £200,000 and prescribing
the Conditions thereof

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

At the Government Buildings at Wellington, this 6th day of
February, 1946

Present:

THE HON. D. G. SULLIVAN PRESIDING IN COUNCIL

WHEREAS the Bay of Islands Electric-power Board (hereinafter called “the said local authority”) is desirous of raising
the sum of thirty-five thousand pounds (£35,000) (hereinafter called
“the said sum”), being portion of a loan of two hundred thousand
pounds (£200,000), known as “Additional Areas Loan, 1945,”
authorized by a poll of ratepayers taken on the twenty-seventh day
of October, one thousand nine hundred and forty-five, for the
purpose of arranging for the supply and distribution of electric
energy for the benefit of all that area of land included in the Bay
of Islands Electric-power District by a Proclamation dated the
fifteenth day of December, one thousand nine hundred and forty-one,
comprising the whole of the Counties of Whangaroa and Hokianga
as present constituted, and by a Proclamation dated the twelfth day
of April, one thousand nine hundred and forty-five, comprising that
portion of the Mangonui County as described in the Schedule
thereto, and for such purpose to do all or any of such matters and
things as the said local authority is empowered to do by the Electric-power Boards Act, 1925, and the amendments thereto, and in
respect of which works guarantees, as described in clauses 21–43 of
the Electrical Supply Regulations 1935, have first been given in
favour of the said local authority for payments amounting in each
of not less than five (5) consecutive years from the completion of
such works to at least fourteen (14) per cent. of the estimated
capital cost of such works; and for providing financial assistance to
consumers and for trading purposes as provided in section one
hundred and eighteen of the Electric-power Boards Act, 1925:

And whereas the said local authority 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 sum:

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 sum for the said
purpose up to the amount of thirty-five thousand pounds (£35,000),
and in giving such consent doth hereby determine as follows:—

(1) The term for which the said sum 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
sum or any part thereof shall be such as shall not produce to the
lender or lenders a rate exceeding three pounds ten shillings (£3 10s.)
per centum per annum.

(3) The said sum shall be free of principal repayments during
the first year from the date of the borrowing thereof.

(4) Thereafter the said sum, together with interest thereon,
shall be repaid by equal aggregate annual or half-yearly instalments
extending over the balance of the term amounting to twenty-four
(24) years.

(5) The payment of interest for the first year and thereafter
the payment of the instalments of principal and interest shall be
made in New Zealand.

(6) No interest after the first year and no instalments of
principal and interest shall be paid out of loan-moneys.

(7) The rate for brokerage, underwriting, and procurement fees
in respect of the raising of the said sum or any part thereof shall not
in the aggregate exceed one-half per centum of any amount raised.

(8) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Acting Clerk of the Executive Council.

(T. 49/664/4.)