4
THE NEW ZEALAND GAZETTE
[No. 1

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 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 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 said local authority
of the said loan for the said purpose to the amount of thirty-five
thousand pounds (£35,000), 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 twenty (20) 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 or rates exceeding three pounds
five shillings (£3 5s.) per centum per annum.

(3) The said loan or any part thereof 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

(4) The payment of interest and the redemptions in respect
of the said loan shall be made in New Zealand.

(5) No amount payable either as interest or as a redemption
in respect of the said loan shall be paid out of loan-moneys.

(6) The rate payable for brokerage, underwriting, and pro-
curation fees in respect of the raising of the said loan or any part
thereof shall not in the aggregate exceed one-half 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. 49/198/8.)

Consenting to the Raising of a Loan of £650 by the Kaikohe Borough
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 15th day of
December, 1948

Present :

His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Kaikohe Borough Council (hereinafter called
the said local authority) proposes, pursuant to the pro-
visions of section three of the Main Highways Amendment Act,
1928, to borrow the sum of six hundred and fifty pounds (£650),
by a loan to be known as “Main Highways Loan, 1948” (herein-
after called the said loan), for the purpose of providing the Council’s
share of the cost of resealing the Kaikohe Station Main Highway
and the Kaikohe-Maungatapere 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 six hundred and fifty pounds (£650), 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 five (5) 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 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. 49/392.)

Varying the Determinations in Respect of Balances of Loans Being
Raised by the Wairere Electric-power Board

B. C. FREYBERG, Governor-General

By his Deputy,

H. F. O’LEARY

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of
December, 1948

Present :

His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the eighteenth day of
December, one thousand nine hundred and forty-six (here-
after called the said Order in Council), and subject to the determi-
ations as to borrowing and repayment therein set out, consent was
given to the raising by the Wairere Electric-power Board (hereinafter
called the said local authority) of the respective loans specified in
the first column of the Schedule hereto up to the respective amounts
specified in the second column of the said Schedule :

And whereas portions of the said respective loans as specified
in the third column of the said Schedule (hereinafter called the said
respective sums) have not yet been raised, and it is expedient to
vary the determinations in respect of the said respective sums by
extending the term within which the said respective sums 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
respective sums by prescribing that no moneys shall be borrowed
under the consent given by the said Order in Council after the
expiration of four years from the date thereof.

SCHEDULE

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

(T. 49/398/8 and 9.)

Varying the Determinations in Respect of Portion (£41,100) of the
Christchurch City Council’s Loan of £120,730

B. C. FREYBERG, Governor-General

By his Deputy,

H. F. O’LEARY

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of
December, 1948

Present :

His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the twenty-third
day of July, 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 Christchurch City
Council (hereinafter called the said local authority) of a loan of
one hundred and twenty thousand seven hundred and thirty pounds
(£120,730), to be known as “Water-supply Extension Loan, 1947”
(hereinafter called the said loan) :