Mar. 6] THE NEW ZEALAND GAZETTE 287

SCHEDULE

LINES adapted for supply as prescribed in these presents for the transmission of electricity leading from the generating plant situated on Lot 16, Section 50, Block I, Paterson Survey District, and proceeding thence across Ringa Ringa Road to a private residence in Lot 19, Section 50, Block I, Paterson Survey District, County of Stewart Island. As the same are shown by means of red lines on the plan marked P.W.D. 123665, deposited in the office of the Minister of Works at Wellington.

W. O. HARVEY, Clerk of the Executive Council.
(S.H.D. 26/3624.)

Authorizing the Acquisition of Land notwithstanding the Provisions as to Limitations of Area

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 25th day of February, 1947

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

PURSUANT to section forty of the Statutes Amendment Act, 1946, and all other powers him enabling, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council, doth hereby authorize the disposition to and the acquisition by Alfred Alexander Fleming, of Howard, Farmer, of the land described in the Schedule hereto, notwithstanding the provisions of section one hundred and seven of the Land Act, 1924.

SCHEDULE

NELSON LAND DISTRICT

ALL that area containing 1,299 acres 0 roods 3·47 perches, more or less, being Sections 7, 17, 18, 19, 20, Block X, Howard Survey District, Lake Settlement, and being all the land comprised in Certificate of Title, Volume 45, folio 71 (Nelson Registry).

Also all that area containing 734 acres, more or less, being part Section 1, Block XI, Howard Survey District, Lake Settlement, and being all the land comprised in Certificate of Title, Volume 48, folio 285 (Nelson Registry).

Also all that area containing 555 acres 1 rood 34·3 perches, more or less, being part Section 11 and part Section 2, Block XIV, Howard Survey District, and being all the land comprised in Certificate of Title, Volume 41, folio 204 (Nelson Registry).

Also all that area containing 777 acres, more or less, being Section 9, Block X, and part Section 2, Block XIV, Howard Survey District, and being all the land comprised in Certificate of Title, Volume 46, folio 141 (Nelson Registry).

W. O. HARVEY, Clerk of the Executive Council.
(L. and S. 26/11993.)

Directing the Sale of Land in Block XII, Waitemata Survey District

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 5th day of March, 1947

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

PURSUANT to 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 purpose for which it was acquired.

SCHEDULE

APPROXIMATE area of the piece of land directed to be sold: 1 rood. Being Lot 1, D.P. 31254, being part Allotment 4, Takapuna Parish.

Situated in Block XII, Waitemata Survey District (Auckland R.D.). (S.O. 34251.)

In the North Auckland Land District; as the same is more particularly delineated on the plan marked P.W.D. 124925, deposited in the office of the Minister of Works at Wellington, and thereon coloured blue.

W. O. HARVEY, Clerk of the Executive Council.
(P.W. 31/153.)

Consenting to the Raising of a Loan of £12,300 by the Oamaru Borough Council and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 5th day of March, 1947

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS under the authority of clause sixteen of the Oamaru Borough Loans Conversion Order 1934, the Oamaru Borough Council (hereinafter called the said local authority) stipulated in certain of the securities issued pursuant to such Order for the redemption thereof at the option of the said local authority on such date prior to that specified in the securities as the said local authority might fix in that behalf by notice to be published in the Gazette at least three (3) months before such prior date:

And whereas the said local authority proposes, in exercise of such option, to redeem, on the first day of January, one thousand nine hundred and forty-eight, certain of such securities amounting in the aggregate to the sum of twelve thousand three hundred pounds (£12,300), the date specified in such securities for the redemption thereof being the first day of July, one thousand nine hundred and fifty-two, and the first day of January, one thousand nine hundred and fifty-three:

And whereas the said local authority, being desirous, for the purpose of giving effect to such proposal, of raising a loan of twelve thousand three hundred pounds (£12,300), to be known as “Conversion Loan Repayment Loan, 1948” (hereinafter called the said loan), has complied with the provisions of the Local Government Loans Board Act, 1926, and it is expedient that the precedent consent of the Governor-General in Council, as required by such 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 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 for the said purpose up to the amount of twelve thousand three hundred pounds (£12,300), 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 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 or lenders a rate exceeding three pounds five shillings (£3 5s.) per centum per annum.

(3) The said loan shall be repaid by instalments of principal on each date set out in the first column of the Schedule hereto of the amount stated opposite such date in the second column of the said Schedule.

SCHEDULE

(4) It shall not be necessary to establish a separate sinking fund for the repayment loan of twelve thousand three hundred pounds (£12,300), and the proviso to subsection three of section thirty-two of the Finance Act, 1938 (as set out in subsection two of section twenty-nine of the Finance Act, 1941), shall apply, and, accordingly, the provisions of subclause two of clause twenty-one of the Oamaru Borough Loans Conversion Order 1934 shall be construed as if the debentures amounting to twelve thousand three hundred pounds (£12,300) redeemed on the first day of January, one thousand nine hundred and forty-eight, had not been redeemed as at that date, but had been redeemed on the several dates specified in clause three hereof.

(5) The payment of interest and instalments of principal in respect of the said loan shall be made in New Zealand, and no amount payable as interest or principal shall be paid out of loan-moneys.

(6) The amount 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-quarter 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, Clerk of the Executive Council.
(T. 49/382/4.)