JUNE 3]

(d) Acquire by purchase, lease, or otherwise howsoever, any
land, buildings, plant, machinery, appliances, or other
property whatsoever (whether real or personal), rights
or privileges which it thinks necessary for the purpose
of these regulations:
(e) Maintain and work any buildings, plant, machinery, or
appliances required for the treatment, transport, and
delivery of milk, and otherwise for the carrying out of
the functions of the Corporation:
(f) Exchange, lease, dispose of, turn to account, or otherwise
deal with any property, rights, or privileges of the
Corporation:
(g) Contract for the execution by any person of any work or
service authorized to be executed by the Corporation
in such manner and upon and subject to such terms and
conditions as the Corporation thinks fit.

15. Nothing in these regulations shall derogate from the
    provisions of the Milk Act, 1944, or of any other Act relating to the
    acquisition, treatment, handling, or sale of milk, or relieve the
    Corporation from compliance with the provisions of any such Act
    or any by-laws made thereunder.

16. (1) The Corporation may from time to time borrow from
    the Minister of Finance, upon and subject to such terms and
    conditions as the Minister of Finance thinks fit, such amounts as are,
    in the opinion of the Minister of Finance, required by the Corporation
    for working-capital, wages, administration, or for any other purpose
    incidental to the effective performance of the Corporation's functions.
    (2) In addition to the power conferred by subclause (1) of this
    regulation, the Corporation may from time to time with the consent
    of the Minister of Finance borrow moneys from the Bank of New
    Zealand.
    (3) For the purpose of securing the repayment of any moneys
    borrowed by it as aforesaid the Corporation may mortgage or charge
    any of its real or personal property.

17. (1) The Corporation shall cause books to be provided and
    kept, and true and regular accounts to be entered therein of all sums
    of money received and paid, and of the several purposes for which
    such sums of money have been received and paid.
    (2) The Corporation shall keep its accounts in such form as may
    be required or approved by the Minister of Finance.

18. (1) The Corporation may, with the approval of the Minister
    of Finance, set aside out of its revenue such sums as it thinks proper
    as reserves for depreciation of assets, insurance, superannuation or
    retiring allowances for the staff of the Corporation, and other
    purposes.
    (2) The Corporation may invest any of the moneys to the credit
    of any reserve account either as provided in Regulation 19 hereof or,
    except in the case of moneys set aside as reserves for superannuation
    or retiring allowances for the staff of the Corporation, in the business
    of the Corporation.

19. Any moneys belonging to the Corporation and available
    for investment may be invested in the manner following:-
    (a) In New Zealand Government securities; or
    (b) On deposit in the Bank of New Zealand; or
    (c) If the Minister of Finance so consents, and subject to any
    conditions imposed by him, in the making of advances to
    producers of milk for the purpose of enabling them to
    improve the quality of the milk; or
    (d) In any other securities that may from time to time be
    authorized by the Minister of Finance.

20. The Corporation may in every financial year expend for
    purposes not authorized by these regulations or by any Act or
    regulations for the time being in force any sum or sums not
    amounting in the whole to more than £50.

21. (1) On or before the last day of October in each year the
    Corporation shall cause to be prepared and sent to the Audit Office
    a yearly balance-sheet and a profit and loss account, together with
    such other statements of accounts as may be necessary, to show
    fully the financial position of the Corporation and the financial
    results of its operations during the preceding financial year ended
    the 31st day of August then last past.
    (2) The yearly balance-sheet, account, and statements shall be
    audited by the Audit Office, which for that purpose shall have and
    may exercise all such powers as it has under the Public Revenues
    Act, 1926, in respect of public moneys and public stores and the
    audit of local authorities' accounts.
    (3) A copy of the yearly balance-sheet, profit and loss account,
    and statements shall, when duly audited, be submitted by the
    Corporation to the Minister accompanied by a report as to the
    operations of the Corporation for the year; and a copy of the
    balance-sheet, account, statements, and report shall be laid before
    Parliament.

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

Consenting to Land being taken for Road in Block IV, Kaupokonui
Survey District, Stratford County

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 26th day of
May, 1948
Present:
THE RIGHT HON. P. FRASER 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 consent to the land described
in the Schedule hereto being taken for road.

SCHEDULE
APPROXIMATE area of the piece of land permitted to be taken:
l acre 0 roods 1-5 perches.
Being part Section 21.
Situated in Block IV, Kaupokonui Survey District (Taranaki
R.D.). (S.O. 8262.)
In the Taranaki Land District; as the same is more particularly delineated on the plan marked P.W.D. 126534, deposited
in the office of the Minister of Works at Wellington, and thereon-
coloured orange.

T. J. SHERRARD, Clerk of the Executive Council.
(P.W. 62/7/826/0.)

Declaring the Longridge Farm Settlement Road in the Masterton
County to be County Road

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 26th day of
May, 1948
Present:
THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL
PURSUANT to section one hundred and twelve of 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
county road.

SCHEDULE
ALL that portion of road in the Wellington Land District, Masterton
County, commencing at its junction with Masterton-Stronvar
Highway, and proceeding thence in a southerly and westerly
direction generally, adjoining or passing through Sections 1, 2,
3, 4, 5, 7, and 8, Block IX, Otahoua Survey District (Longridge
Farm Settlement), plan S.O. 21265, and terminating at the northern
boundary of the said Section 3, being a distance of l mile 14 chains,
more or less. As the same is more particularly delineated on the
plan marked P.W.D. 124164, deposited in the office of the Minister
of Works at Wellington, and thereon coloured red.

T. J. SHERRARD, Clerk of the Executive Council.
(P.W. 41/1003.)

The South-eastern Side of Portion of Ann Street, in the City of
Dunedin, exempted from the Provisions of Section 128 of the
Public Works Act, 1928, subject to a Condition as to the
Building-line

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 26th day of
May, 1948
Present:
THE RIGHT HON. P. FRASER PRESIDING IN COUNCIL
PURSUANT to section one hundred and twenty-eight of 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 approve of the following resolution passed by the Dunedin
City Council on the twenty-third day of February, one thousand
nine hundred and forty-eight, viz.:—
"That the Dunedin City Council, being the local authority
having control of the streets in the City of Dunedin, by resolution declares that the provisions of section one hundred and
twenty-eight of the Public Works Act, 1928, shall not apply
to the south-eastern side of the portion of Ann Street adjoining
part Lot 6, Deeds Plan 9, Township of Sunnyside, being parts
Sections 4 and 5, Block IV, Upper Kaikorai District, such land
being comprised and described in Certificate of Title 226/286";
subject to the condition that no building or part of a building shall
at any time be erected on the land fronting the south-eastern side
of the portion of Ann Street (described in the Schedule hereto)
within a distance of thirty-three feet from the centre-line of the
said portion of street.

SCHEDULE
THE south-eastern side of all that portion of street situated in the
Otago Land District, City of Dunedin, known as Ann Street, fronting
part Lot 6, Deeds Plan 9, Township of Sunnyside. As the same is
more particularly delineated on the plan marked P.W.D. 127150,
deposited in the office of the Minister of Works at Wellington, and
thereon coloured red.

T. J. SHERRARD, Clerk of the Executive Council.
(P.W. 51/1623.)