JUNE 23] THE NEW ZEALAND GAZETTE 1395

And whereas the authority conferred by the said Order in Council
has lapsed in accordance with the provisions of clause (6) of the said
Order in Council and it is not now lawful or competent for the said
local authority to raise the said loan or any portion thereof except
in accordance with the provisions of a further Order in Council
that may be issued pursuant to section eleven of the Local Govern-
ment Loans Board Act, 1926 (hereinafter referred to as the said
Act) :

And whereas an amount of one hundred and ninety-four
thousand six hundred and forty pounds (£194,640) (hereinafter
referred to as the said sum) has not yet been raised, and it is expedient
to authorize the said local authority to raise the said sum on the
conditions hereinafter set out :

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 autho-
rities enabling him in this behalf, doth hereby consent to the raising
in New Zealand by the said local authority of the said sum up to
an amount of one hundred and ninety-four thousand six hundred
and forty pounds (£194,640) for the purpose for which the said
loan was authorized, and in giving such consent doth hereby
determine as follows :—

(1) The term for which the said sum or any part thereof may be
raised shall not exceed twenty-five (25) years.

(2) The rate of interest that may be paid in respect of the said
sum 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 sum or any part thereof shall be repaid by equal
annual instalments of principal extending over the term as
determined in (1) above.

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

(5) No amount payable either as interest or as principal in
respect of the said sum 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 sum 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. 49/429/8.)

Consenting to the Raising of a Loan of £1,908 by the Ngaruawahia Borough Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 8th day of
June, 1949

Present :

THE RIGHT HON. W. NASH PRESIDING IN COUNCIL

WHEREAS the Ngaruawahia Borough 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 one thousand nine hundred and
eight pounds (£1,908) by a loan to be known as “ Main Highways
Loan, 1949 ” (hereinafter called the said loan) for the purpose of
providing the Council's share of the cost of reconstruction and
sealing work on the Ngaruawahia–Waingaro 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 one thousand
nine hundred and eight pounds (£1,908), 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 seven (7) 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. 49/573.)

Consenting to the Raising of a Loan of £2,000 by the Piako County Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of
June, 1949

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the nineteenth day
of June, one thousand nine hundred and forty-six (herein-
after called the said Order in Council), and subject to the deter-
minations as to borrowing and repayment therein set out, consent
was given to the raising by the Piako County Council (hereinafter
called the said local authority) of a loan of two thousand pounds
(£2,000), to be known as “ Engineer's House Loan, 1946 ” (here-
inafter called the said loan) :

And whereas the authority conferred by the said Order in
Council has not been exercised :

And whereas the authority has lapsed in accordance with the
provisions of clause six of the said Order in Council, and it is not
now lawful or competent for the said local authority to raise the
said loan or any portion thereof except in accordance with the
provisions of a further Order in Council that may be issued pursuant
to section eleven of the Local Government Loans Board Act, 1926
(hereinafter called the said Act) :

And whereas the said local authority is now desirous of raising
the said loan and it is expedient to authorize the said local authority
to raise the said loan on the conditions hereinafter set out :

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
up to the amount of two thousand pounds (£2,000) for the purpose
for which the said loan was authorized, 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, together with interest
thereon, shall be repaid by equal aggregate annual or half-yearly
instalments extending over the term as determined in (1) above.

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

(5) 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.

(6) 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. 49/97/68.)

Partial Revocation of Order in Council Vesting Land Owned by Maoris in a Maori Land Board for Non-payment of Rates

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 15th day of
June, 1949

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

PURSUANT to section sixty-three of the Maori Purposes Act,
1931, His Excellency the Governor-General, acting by and
with the advice and consent of the Executive Council, doth hereby
revoke the Order in Council referred to in Part I of the Schedule
hereto, in so far as it affects the lands mentioned in Part II of the
said Schedule.

SCHEDULE

PART I

ORDER in Council under section thirty-two of the Maori Land
Amendment and Maori Land Claims Adjustment Act, 1928, made
on the 5th day of December, 1929, and published in the New Zealand
Gazette of December, 1929, at page 3230.

PART II

Block. Area.
A. R. P.
Whakarangirangi 29N 11 .. .. .. .. 1 3 31
Whakarangirangi 29N 12 .. .. .. .. 1 0 26
Whakarangirangi 29N 13 .. .. .. .. 1 0 26

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

(M.A. 20/1/37.)