1504
THE NEW ZEALAND GAZETTE
[No. 64

Additional Land Taken for the Wellington–Napier Railway (Palmerston North – Woodville Branch, Palmerston North Deviation) in Blocks VII and VIII, Kairanga Survey District

[L.S.] B. C. FREYBERG, Governor-General
By his Deputy,
H. F. O’LEARY
A PROCLAMATION

PURSUANT to the Public Works Act, 1928, I, Lieutenant-General Sir Bernard Cyril Freyberg, the Governor-General of the Dominion of New Zealand, do hereby proclaim and declare that the additional land described in the Schedule hereto is hereby taken for the Wellington–Napier Railway (Palmerston North – Woodville Branch, Palmerston North Deviation).

SCHEDULE

In the Wellington Land District; as the same are more particularly delineated on the plans marked and coloured as above mentioned, and deposited in the office of the Minister of Works at Wellington.

Given under the hand of His Excellency the Governor-General of the Dominion of New Zealand, and issued under the Seal of that Dominion, this 1st day of December, 1948.

R. SEMPLE, Minister of Works.

GOD SAVE THE KING!

(P.W. 19/545/11.)

Revoking Portion of a Proclamation Taking Additional Land for Hospital Purposes in Blocks X and XIV, Kairanga Survey District

[L.S.] B. C. FREYBERG, Governor-General
By his Deputy,
H. F. O’LEARY
A PROCLAMATION

PURSUANT to the Public Works Act, 1928, I, Lieutenant-General Sir Bernard Cyril Freyberg, the Governor-General of the Dominion of New Zealand, do hereby revoke the Proclamation dated the twelfth day of May, one thousand nine hundred and forty-eight, and published in the New Zealand Gazette No. 28 of the twentieth day of the same month at page 571, and registered in the Land Registry Office at Wellington as No. 3896, taking additional land for hospital purposes in Blocks X and XIV, Kairanga Survey District, in so far as it affects the land described in the Schedule hereto, such land being no longer required.

SCHEDULE

APPROXIMATE area of the piece of additional land no longer required :
1 acre 3 roods 26·72 perches.
Being part Lot 27, D.P. 8486, being part Rural Section 358 and accretions thereto (Township of Palmerston North).
Situated in Block X, Kairanga Survey District. (S.O. 21465.)
In the Wellington Land District; as the same is more particularly delineated on the plan marked P.W.D. 125868, deposited in the office of the Minister of Works at Wellington, and thereon coloured sepia.

Given under the hand of His Excellency the Governor-General of the Dominion of New Zealand, and issued under the Seal of that Dominion, this 1st day of December, 1948.

R. SEMPLE, Minister of Works.

GOD SAVE THE KING!

(P.W. 24/1856/2.)

Consenting to the Raising of a Loan of £91,900 by the Dunedin City 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 1st day of December, 1948

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS under the authority of clause sixteen of the Dunedin City Loans Conversion Order, 1934, the Dunedin City Council (hereinafter called the said local authority), stipulated in certain of the securities issued pursuant to such order for the redemption thereof at the option of the said local authority on such date prior to that specified in the said securities as the said local authority might fix by notice in that behalf to be published in the Gazette at least three (3) months before such prior date :

And whereas the said local authority proposes, in exercise of the said option to redeem on the first day of April, one thousand nine hundred and forty-nine, certain of such securities amounting in the aggregate to the sum of ninety-one thousand nine hundred pounds (£91,900), the date specified in such securities for the redemption thereof being the first day of April, one thousand nine hundred and fifty-two :

And whereas the said local authority being desirous, in order to give effect to such proposal, of raising a loan of ninety-one thousand nine hundred pounds (£91,900), to be known as “Conversion Loan Eighth Repayment Loan, 1949” (hereinafter called the said loan), has complied with the provisions of the Local Government Loans Board Act, 1926, and it is expedient that the precedent consent of the Governor-General in Council as required by such 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 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 in New Zealand by the said local authority of the said loan for the said purpose up to the amount of ninety-one thousand nine hundred pounds (£91,900) 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 three (3) 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 exceeding three pounds (£3) per centum per annum.

(3) The said loan shall be repaid on the first day of April, one thousand nine hundred and fifty-two.

(4) It shall not be necessary to establish a separate sinking fund for the repayment loan of ninety-one thousand nine hundred pounds (£91,900), and the proviso to subsection three of section thirty-two of the Finance Act, 1938 (as set out in subsection two of section twenty-nine of the Finance Act, 1941) shall apply, and accordingly, the provisions of subclause two of clause twenty of the Dunedin City Loans Conversion Order, 1934, shall be construed as if the debentures amounting to ninety-one thousand nine hundred pounds (£91,900) redeemed on the first day of April, one thousand nine hundred and forty-nine, had not been redeemed as at that date, but had been redeemed on the first day of April, one thousand nine hundred and fifty-two.

(5) The payment of interest and instalments of principal in respect of the said loan shall be made in New Zealand, and no amount payable as interest or principal shall be paid out of loan-moneys.

(6) The amount 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-quarter 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.

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

(T. 49/254/25.)