JULY 8] THE NEW ZEALAND GAZETTE 855

Declaring Portion of the Waikuku Farm Settlement Road, in the Piako County, to be County Road

B. C. FREYBERG, Governor-General
By his Deputy,
H. F. O’LEARY
ORDER IN COUNCIL

At the Government House at Wellington, this 30th day of June, 1948

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL 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.

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SCHEDULE

ALL that portion of road in the Auckland Land District, Piako County, known as the Waikuku Farm Settlement Road, commencing at its junction with a public road forming the south-eastern boundaries of Sections 9 and 11, Block X, Maungakawa Survey District, and proceeding thence generally in a north-westerly direction for a distance of approximately 47 chains, adjoining Sections 9 and 11 aforesaid and Sections 10, 7, and 6, all of Block X, Maungakawa Survey District. As the same is more particularly delineated on the plan marked P.W.D. 127022, deposited in the office of the Minister of Works at Wellington, and thereon coloured red and marked A–B.

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

(P.W. 34/4080.)

Consenting to the Raising of a Loan of £4,500 by the Eltham County Council and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General
By his Deputy,
H. F. O’LEARY
ORDER IN COUNCIL

At the Government House at Wellington, this 30th day of June, 1948

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Eltham County 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 four thousand five hundred pounds (£4,500), by a loan to be known as “Main Highways Loan, 1948” (hereinafter called the said loan), for the purpose of providing the Council’s share of the cost of reconstructing portion of the Opunake–Rawhitiroa 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 four thousand five hundred pounds (£4,500), 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 ten (10) years.

(2) The rate of interest that may be paid in respect of the said loan of 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.

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

(T. 49/276.)

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Consenting to the Raising of Loans by certain Local Authorities and prescribing the Conditions thereof

B. C. FREYBERG, Governor-General
By his Deputy,
H. F. O’LEARY
ORDER IN COUNCIL

At the Government House at Wellington, this 30th day of June, 1948

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans stated opposite their names therein, have respectively 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 loans:

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 respective local authorities mentioned in the first column of the said Schedule of the respective loans set out in the second column of the said Schedule, up to the respective amounts specified in the third column of the said Schedule, and in giving such consent doth hereby determine as follows:—

(1) The terms for which the said loans or any parts thereof may be raised shall be the respective terms (in years) stated in the fourth column of the said Schedule.

(2) The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the fifth column of the said Schedule.

(3) The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annual or half-yearly instalments extending over the respective terms as determined in (1) above.

(4) The payment of such instalments shall be made in New Zealand, and no such instalment shall be paid out of loan-moneys.

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

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

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SCHEDULE

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

(T. 40/416/6.)