Consenting to the Borrowing of Moneys by the Masterton County
Council by Way of Bank Overdraft

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

At the Government Buildings at Wellington, this 22nd day of
March, 1948
Present:
THE HON. W. E. PARRY PRESIDING IN COUNCIL
WHEREAS the Masterton County Council (hereinafter called
the said local authority), being desirous of borrowing the
sum of two thousand pounds (£2,000), by way of bank overdraft
under the provisions of section seven of the Local Bodies' Finance
Act, 1921-22, by a loan to be known as ''Bank Overdraft Loan,
1948'' (hereinafter called the said loan), for the purpose of meeting
the cost of repairing exceptional damage occasioned by floods to
roads and bridges in the county, 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 borrowing as aforesaid:

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
borrowing of moneys by the said local authority under the said
section seven for the said purpose up to the amount of two thousand
pounds (£2,000) by way of bank overdraft, and in giving such
consent doth hereby determine as follows :—
(I) Such borrowing may be from time to time by way of bank
overdraft.
(2) The rate of interest that may be paid in respect of the
said loan or any part thereof shall not exceed current bank overdraft
rates to best customers.
(3) The said loan shall be repaid from revenue prior to the
thirty-first day of March, one thousand nine hundred and forty-nine.
T. J. SHERRARD,
Acting Clerk of the Executive Council.
(T. 49/127.)
Varying the Determinations in respect of the Waimate Borough
Council's Loan of £31,000 by extending the Term within which
the said Loan may be raised

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

At the Government Buildings at Wellington, this 22nd day of
March, 1948
Present:
THE HON. W. E. PARRY PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the seventeenth day
of April, one thousand nine hundred and forty-six (herein-
after called the said Order in Council), and subject to the determina-
tions as to borrowing and repayment therein set out, consent was
given to the raising in New Zealand by the Waimate Borough
Council (hereinafter called the said local authority) of a loan of
thirty-one thousand pounds (£31,000), to be known as ''Housing
Loan No. 2, 1945'' (hereinafter called the said loan):
And whereas the said loan has not yet been raised, and it is
expedient to extend the term as specified in clause six of the said
Order in Council within which the said loan or any portion thereof
may be raised:
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 vary the determinations aforesaid in respect of the said
loan by prescribing that no moneys shall be borrowed under the
consent given by the said Order in Council after the expiration of
four (4) years from the date thereof.
T. J. SHERRARD,
Acting Clerk of the Executive Council.
(T. 49/227/3.)
Varying the Determinations in respect of the Mount Eden Borough
Council's Loan of £93,500

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

At the Government Buildings at Wellington, this 22nd day of
March, 1948
Present:
THE HON. W. E. PARRY PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the tenth day of
December, one thousand nine hundred and forty-seven
(hereinafter referred to as 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 Mount
Eden Borough Council (hereinafter referred to as the said local authority) of a loan of ninety-three thousand five hundred pounds
(£93,500), to be known as ''Streets Reconstruction and Improve-
ment Loan, 1947'' (hereinafter referred to as the said loan):
And whereas the authority conferred by the said Order in Council
has not yet been exercised, and it is expedient to vary certain of
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
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 term of twenty (20) years, as specified in clause
one of the said Order in Council, the term for which the said loan
or any part thereof may be raised shall not exceed twenty-four
(24) years.
(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 each such half-year in the second column of the said
Schedule.
SCHEDULE OF REDEMPTIONS
| First Column. | Second Column. | First Column. | Second Column. |
| Half-year. | Amount. | Half-year. | Amount. |
| 1st .. | £300 | 25th .. | £2,300 |
| 2nd .. | £300 | 26th .. | £2,300 |
| 3rd .. | £700 | 27th .. | £2,400 |
| 4th .. | £600 | 28th .. | £2,400 |
| 5th .. | £1,100 | 29th .. | £2,500 |
| 6th .. | £1,000 | 30th .. | £2,500 |
| 7th .. | £1,400 | 31st .. | £2,600 |
| 8th .. | £1,400 | 32nd .. | £2,600 |
| 9th .. | £1,800 | 33rd .. | £2,700 |
| 10th .. | £1,800 | 34th .. | £2,800 |
| 11th .. | £1,900 | 35th .. | £2,800 |
| 12th .. | £1,900 | 36th .. | £2,900 |
| 13th .. | £2,000 | 37th .. | £3,100 |
| 14th .. | £2,000 | 38th .. | £3,100 |
| 15th .. | £2,100 | 39th .. | £3,100 |
| 16th .. | £2,100 | 40th .. | £3,100 |
| 17th .. | £2,200 | 41st .. | £3,100 |
| 18th .. | £2,200 | 42nd .. | £3,100 |
| 19th .. | £2,300 | 43rd .. | £3,100 |
| 20th .. | £2,300 | 44th .. | £3,100 |
| 21st .. | £2,400 | 45th .. | £3,100 |
| 22nd .. | £2,400 | 46th .. | £3,100 |
| 23rd .. | £2,500 | 47th .. | £3,100 |
| 24th .. | £2,500 | 48th .. | £3,100 |
T. J. SHERRARD,
Acting Clerk of the Executive Council.
(T. 49/208/11.)
Declaring Road in Block I, North Harbour and Blueskin District,
to be Government Road

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

At the Government Buildings at Wellington, this 31st day of
March, 1948
Present:
THE HON. H. G. R. MASON PRESIDING 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 order and declare that the portion
of road described in the Schedule hereto shall, on and after the date
of this Order in Council, become Government road.
SCHEDULE
APPROXIMATE area of the portion of road declared to be Government
road : 1 acre 1 rood 15 perches.
Passing through Section 44.
Situated in Block I, North Harbour and Blueskin District
(Otago R.D.). (S.O. 2377.)
In the Otago Land District ; as the same is more particularly
delineated on the plan marked P.W.D. 122799, deposited in the
office of the Minister of Works at Wellington, and thereon coloured
green.
T. J. SHERRARD,
Acting Clerk of the Executive Council.
(P.W. 62/16/260/0.)