Feb. 3] THE NEW ZEALAND GAZETTE 147

to be known as “Days Bay Water and Sewerage Loan, 1948”
(hereinafter called the said loan), for the purpose of providing
water and drainage for the residents in that portion of the Hutt
County adjacent to Days Bay :

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 twenty-six thousand pounds (£26,000), 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-five (25) 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. 49/290/8.)

Consenting to the Raising of a Loan of £600 by the Lawrence Fire
Board and Prescribing the Conditions Thereof

—

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

At the Government House at Wellington, this 26th day of
January, 1949

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Lawrence Fire Board (hereinafter called the
said local authority), being desirous of raising a loan of six
hundred pounds (£600), to be known as “Lawrence Fire Board
Loan, 1948” (hereinafter called the said loan), for the purpose of
purchasing a fire truck and a front-mounted pump, equipping the
truck, mounting the pump and effecting structural alterations to
the Brigade Station, has 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 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 up to the amount of six hundred pounds (£600), 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 eight (8) 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 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 loan shall be made in New Zealand.

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

(6) The rate payable for brokerage, underwriting, and procura-
tion 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. 49/754.)

Consenting to the Raising of a Loan of £22,180 by the Auckland City
Council and Prescribing the Conditions Thereof

—

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

At the Government House at Wellington, this 12th day of
January, 1949

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the twentieth day of
November, one thousand nine hundred and forty-six (here-
inafter 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 Auckland City Council
(hereinafter called the said local authority) of a loan of twenty-two
thousand one hundred and eighty pounds (£22,180), to be known
as “Waterworks Supplementary Loan, 1946” (hereinafter 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 twenty-two thousand one hundred and eighty
pounds (£22,180), 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 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

First Column. Second Column. First Column. Second Column.
Half-year. Amount. Half-year. Amount.

£ £
1st .. .. 480 21st .. .. 600
2nd .. .. 400 22nd .. .. 600
3rd .. .. 400 23rd .. .. 500
4th .. .. 400 24th .. .. 600
5th .. .. 400 25th .. .. 600
6th .. .. 500 26th .. .. 600
7th .. .. 400 27th .. .. 600
8th .. .. 500 28th .. .. 600
9th .. .. 400 29th .. .. 600
10th .. .. 500 30th .. .. 700
11th .. .. 500 31st .. .. 600
12th .. .. 400 32nd .. .. 700
13th .. .. 500 33rd .. .. 600
14th .. .. 500 34th .. .. 700
15th .. .. 500 35th .. .. 700
16th .. .. 500 36th .. .. 700
17th .. .. 500 37th .. .. 700
18th .. .. 600 38th .. .. 700
19th .. .. 500 39th .. .. 700
20th .. .. 500 40th .. .. 700

(4) The payment of interest and 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
procuration 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. 49/121/51.)