Dec. 14] THE NEW ZEALAND GAZETTE 2097

Consenting to the Raising of a Loan of £400,000 by the Auckland
Electric-power Board and Prescribing the Conditions Thereof

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

At the Government Buildings at Wellington, this 6th day of
December, 1950

Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS the Auckland Electric-power Board (hereinafter
called the said local authority) being desirous of raising a
loan of four hundred thousand pounds (£400,000) to be known as
“General Extension and Improvement Loan, 1950” (hereinafter
called the said loan) for the purpose of further reticulating the
Board’s District, 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 11 of the said Act, as set out in section 29 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 four hundred thousand pounds
(£400,000) 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 equal
half-yearly instalments of principal extending over the term of the
loan as determined in (1) above.

(4) The payment of interest and the repayment of 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 procurement
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. 49/410/7.)

Varying the Determinations in Respect of the Inglewood County
Council’s Loan of £4,800

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

At the Government Buildings at Wellington, this 6th day of
December, 1950

Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS by Order in Council made on the 26th day of July,
1950, and subject to the determinations as to borrowing and
repayment therein set out, consent was given to the raising in New
Zealand by the Inglewood County Council (hereinafter called the
said local authority) of a loan of four thousand eight hundred
pounds (£4,800) to be known as “Tarata Bridge Replacement
Loan, 1950” (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 11 of the Local Government Loans Board Act, 1926, as set
out in section 29 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 loan by
prescribing that in lieu of the term of thirty (30) years, as specified
in clause (1) of the said Order in Council, the term for which the
said loan or any portion thereof may be raised shall not exceed
twenty-five (25) years.

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

(T. 49/219/11.)

Validating Proceedings in Connection With the Westland Catchment
Board’s Loan of £6,500

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

At the Government Buildings at Wellington, this 6th day of
December, 1950

Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS the Westland Catchment Board lately proceeded
by way of special order to raise a loan of six thousand five
hundred pounds (£6,500) to be known as “Housing Loan, 1949”
(hereinafter called the said loan) :

And whereas the proceedings in connection with the said loan
were irregular or defective in that the public notice of the subsequent
meeting confirming the resolution (hereinafter called the public
notice) as required by paragraph (c) of section 76 of the Soil Con-
servation and Rivers Control Act, 1941, although given at least
twice, was not given within a period of twenty-eight days immediately
preceding the date of such subsequent meeting nor with an interval of
not less than fourteen days between notifications :

And whereas it appears that the ratepayers of the district have
not been misled by such irregularity or defect as aforesaid and it is
expedient to validate the same :

Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, in pursuance and exercise of the powers
and authorities conferred on him by section 122 of the Local Bodies’
Loans Act, 1926, and acting by and with the advice and consent
of the Executive Council of the said Dominion, doth hereby order
and declare that the proceedings in connection with the said loan
shall be valid to all intents and purposes as though the public notice
had been given twice during the period of twenty-eight days
immediately preceding the date of the subsequent meeting with an
interval of not less than fourteen days between the two notifications :

And that the validity of the proceedings in connection with the
said loan, or of the security for the said loan, shall not be called in
question by reason of the irregularity or defect aforesaid.

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

(T. 49/721/1.)

Changing the Purpose of a Reserve in Oamaru Survey District, Otago
Land District

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

At the Government Buildings at Wellington, this 6th day of
December, 1950

Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS the land described in the Schedule hereto is a
reserve duly set apart for a lighthouse :

And whereas it is expedient that the purpose of the reservation
over such land shall be changed to a reserve for plantation purposes :

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 exercise of
the powers and authorities conferred upon him by subsection (1) (a)
of section 7 of the Public Reserves, Domains, and National Parks
Act, 1928, doth hereby declare that the purpose of the reservation
over the land described in the Schedule hereto is hereby changed
from a reserve for a lighthouse to a reserve for plantation purposes.

SCHEDULE

OTAGO LAND DISTRICT

SECTION 62, Block IV, Oamaru Survey District : Area, 10 acres,
more or less.

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

(L. and S. H.O. 6/10/25 ; D.O. 8/132.)

Changing the Purpose of a Reserve in Block X, Selwyn Survey District,
Canterbury Land District

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

At the Government Buildings at Wellington, this 6th day of
December, 1950

Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS the land described in the Schedule hereto is a
reserve for a gravel-pit :

And whereas it is expedient that the purpose of the reservation
over such land shall be changed to a reserve for plantation purposes :

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 exercise of
the powers and authorities conferred upon him by sub-
section (1) (a) of section 7 of the Public Reserves, Domains, and
National Parks Act, 1928, doth hereby declare that the purpose
of the reservation over the land described in the Schedule hereto
is hereby changed from a reserve for a gravel-pit to a reserve for
plantation purposes.