Varying the Determinations in Respect of the Taranaki Electric-power Board's Loan of £2,000

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

At the Government House at Wellington, this 15th day of September, 1948
Present:

His Excellency The Governor-General In Council
WHEREAS by Order in Council made on the twenty-sixth day of May, one thousand nine hundred and forty-eight (hereinafter called 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 Taranaki Electric-power Board (hereinafter called the said local authority) of a loan of two thousand pounds (£2,000), to be known as “Tarata No. 2 Reticulation Loan, 1947” (hereinafter called 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 certain of 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 fifteen (15) years.
(2) In lieu of a rate of interest not exceeding three pounds five shillings (£3 5s.) per centum per annum, as specified in clause two of the said Order in Council, 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) In lieu of repayment by equal half-yearly instalments of principal, as specified in clause three of the said Order in Council, the said loan shall be repaid by the annual redemption of debentures in the years set out in the first column of the Schedule hereunder of the amounts stated opposite each such year in the second column of the said Schedule.

SCHEDULE OF REDEMPTIONS

First Column. Second Column.
Year. Amount.
1st .. .. £200
2nd .. .. £100
3rd .. .. £200
4th .. .. £100
5th .. .. £200
6th .. .. £100
7th .. .. £200
8th .. .. £100
9th .. .. £200
10th .. .. £100
11th .. .. £100
12th .. .. £100
13th .. .. £100
14th .. .. £100
15th .. .. £100

T. J. SHERRARD, Clerk of the Executive Council.
(T. 49/191/12.)

Varying the Determinations in Respect of the Taranaki Electric-power Board's Loan of £2,000

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

At the Government House at Wellington, this 15th day of September, 1948
Present:

His Excellency The Governor-General In Council
WHEREAS by Order in Council made on the eighteenth day of August, one thousand nine hundred and forty-eight (hereinafter called the said Order in Council), and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising by the Taranaki Electric-power Board (hereinafter called the said local authority) of a loan of two thousand pounds (£2,000), to be known as “Otaraoa Reticulation Loan, 1947” (hereinafter called the said loan):

And whereas the said loan has not yet been raised, and it is expedient to vary the determinations in respect thereof:
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 certain of 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 fifteen (15) years.
(2) In lieu of a rate of interest not exceeding three pounds five shillings (£3 5s.) per centum per annum, as specified in clause two of the said Order in Council, 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) In lieu of repayment by equal half-yearly instalments of principal, as specified in clause three of the said Order in Council, the said loan shall be repaid by the annual redemption of debentures in the years set out in the first column of the Schedule hereunder of the amounts stated opposite each such year in the second column of the said Schedule.

SCHEDULE OF REDEMPTIONS

First Column. Second Column.
Year. Amount.
1st .. .. £100
2nd .. .. £200
3rd .. .. £100
4th .. .. £200
5th .. .. £100
6th .. .. £200
7th .. .. £100
8th .. .. £200
9th .. .. £100
10th .. .. £200
11th .. .. £100
12th .. .. £100
13th .. .. £100
14th .. .. £100
15th .. .. £100

T. J. SHERRARD, Clerk of the Executive Council.
(T. 49/191/11.)

Varying the Determinations in Respect of Portion (£26,000) of the Waitara Borough Council's Loan of £75,000

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

At the Government House at Wellington, this 15th day of September, 1948
Present:

His Excellency The Governor-General In Council
WHEREAS by Order in Council made on the twenty-ninth day of October, one thousand nine hundred and forty-seven (hereinafter called 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 Waitara Borough Council (hereinafter called the said local authority) of a loan of seventy-five thousand pounds (£75,000), to be known as “Waterworks Loan, 1947” (hereinafter called 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 a portion thereof amounting to twenty-six thousand pounds (£26,000) (hereinafter called the said sum):
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 certain of the determinations aforesaid in respect of the said sum by prescribing that in lieu of a term of thirty-five (35) years, as specified in clause one of the said Order in Council, the term for which the said sum or any part thereof may be raised shall not exceed twenty-five (25) years.

T. J. SHERRARD, Clerk of the Executive Council.
(T. 49/162/3.)

Domain Board Appointed to Have Control of the Patea Domain

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

At the Government House at Wellington, this 22nd day of September, 1948
Present:

His Excellency The Governor-General In Council
IN pursuance and exercise of the powers conferred by section forty-four of the Public Reserves, Domains, and National Parks 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 appoint

John Nesbit Anderson,
Douglas William Ansley,
Thomas John Back,
Kevin Jack Stewart Bourke,
Geoffrey John Brocker,
Huirua Broughton,
Noel George Doggett,
Alexander Harper Langslow, and
James Duncan Urquhart Walker