THE NEW ZEALAND GAZETTE

[No. 63] Consenting to the Raising of a Loan of £4,000 by the South Canterbury Catchment Board and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of October, 1947

Present:

His Excellency the Governor-General in Council

WHEREAS the South Canterbury 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 four thousand pounds (£4,000), to be known as “Hinds River Clearance Loan, 1947” (hereinafter called the said loan), for the purpose of carrying out urgent clearing work on the Hinds River:

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 four thousand pounds (£4,000), 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 ten shillings (£3 10s.) 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-nine.

W. O. HARVEY, Clerk of the Executive Council.

(T. 49/724.)

Consenting to the Raising of a Loan of £37,000 by the Wellington City Council and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of October, 1947

Present:

His Excellency the Governor-General in Council

WHEREAS the Wellington City Council (hereinafter called the said local authority), being desirous of raising a loan of thirty-seven thousand pounds (£37,000), to be known as “Melrose District Drainage Loan, 1908, Renewal Loan, 1948” (hereinafter called the said loan), for the purpose of redeeming, to the extent that sinking funds are insufficient, the Wellington City (Part Melrose District) Drainage Loan, 1908, Renewal Loan, 1933, of £100,000, which matures on the first day of May, one thousand nine hundred and forty-eight, 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 thirty-seven thousand pounds (£37,000), 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 seven (7) 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 two shillings and sixpence (£3 2s. 6d.) per centum per annum.

(3) The said local authority shall, before raising the said loan or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies' Loans Act, 1926, or under such other statutory enactment as may be applicable, and shall thereafter make payments to such sinking fund at intervals of not more than one year at a rate or rates per centum which shall be not less than thirteen pounds (£13), such payments to be made in respect of every part of the said loan for the time being so borrowed and not repaid, the first such payment to be made not later than one year after the first day from which interest to the lender or lenders is computed on the said loan or any part thereof so raised.

(4) The payment of interest and the repayment of principal in respect of the said loan shall be made in New Zealand.

(5) No amount payable as either interest or sinking fund in respect of the said loan shall be paid out of loan-money.

(6) 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.

(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. 49/168/57.)

Boundaries of City of Christchurch and County of Waimairi altered

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of October, 1947

Present:

His Excellency the Governor-General in Council

WHEREAS in pursuance of section one hundred and thirty-six of the Municipal Corporations Act, 1933, a petition was presented to the Governor-General praying that a certain area of land be excluded from the County of Waimairi and included in the City of Christchurch:

And whereas it is deemed expedient to make such alteration of boundaries:

Now, therefore, in pursuance and exercise of the powers and authorities vested in him by the said Municipal Corporations Act, 1933, and of all other powers and authorities enabling him in that behalf, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, doth hereby declare that as on and from the first day of April, one thousand nine hundred and forty-eight, the area described in the Schedule hereto shall be excluded from the County of Waimairi and included in the City of Christchurch.

SCHEDULE

AREA EXCLUDED FROM THE COUNTY OF WAIMAIRI AND INCLUDED IN THE CITY OF CHRISTCHURCH

All that area in the County of Waimairi, Canterbury Land District, situated in Block XII, Christchurch Survey District, being the whole of the land in Certificate of Title, Volume 481, folio 239, and part of roads, part Rural Section 231, and bounded by a line commencing at a point on the boundary of the City of Christchurch, such point being on the northern side of Cooper's Road in line with the eastern boundary of the land contained in the aforesaid certificate of title; thence across Cooper's Road, and southerly and westerly by the eastern and southern boundaries of the area contained in the aforesaid certificate of title, continuing across Banks Avenue to the boundary of the City of Christchurch; thence generally northerly and easterly along that boundary to the point of commencement.

W. O. HARVEY, Clerk of the Executive Council.

(I.A. 103/5/104.)

Consenting to the Raising of a Loan of £5,000 by the Wairarapa Catchment Board and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of October, 1947

Present:

His Excellency the Governor-General in Council

WHEREAS the Wairarapa 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 borrow the sum of five thousand pounds (£5,000), by a loan to be known as “Works Plant and Vehicles Loan, 1947” (hereinafter called the said loan), for the purpose of purchasing plant and vehicles:

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 five thousand pounds (£5,000), 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 be eight (8) 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 ten shillings (£3 10s.) per centum per annum.

(3) The said loan or any part thereof, 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.

W. O. HARVEY, Clerk of the Executive Council.

(T. 49/710.)