Jan. 18] THE NEW ZEALAND GAZETTE 37

(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 of 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. 49/188/3.)

Consenting to the Raising of a Rural Housing Loan of £10,000 by the
Egmont County Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 20th day of
December, 1950

Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL

WHEREAS the Egmont County Council is desirous of raising
from the State Advances Corporation of New Zealand
(hereinafter referred to as the Corporation) a loan of ten thousand
pounds (£10,000) to be known as “Rural Housing Loan (No. 3),
1950” (hereinafter called the said loan) for the purpose of making
advances to farmers in terms of the Rural Housing Act, 1939 :
And whereas the said Council 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 by the said Council from
the Corporation for the aforesaid purpose of a loan up to the amount
of ten thousand pounds (£10,000) and in giving such consent doth
hereby determine as follows :—

(1) That the Council shall pay to the Corporation each half-
year in reduction of the principal moneys advanced by the Corpora-
tion to the Council an amount equal to the sum of all the amounts
which are expressed to be payable to the Council during such half-
year by the agreements entered into with the said Council by the
various farmers to whom the said Council has advanced any of the
loan-moneys.

(2) The rate of interest that may be paid in respect of the said
loan, or so much thereof as is for the time being raised and not
repaid, shall be three pounds (£3) per centum per annum, payable
half-yearly, the first such payment to be made not later than six
months after the date of the payment of the first instalment of the
loan by the Corporation to the said Council, such interest to be
computed on the daily-debtor balances in the accounts of the
Corporation.

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

(4) No amount shall be payable for brokerage, underwriting,
or procuration fees in respect of the raising of the said loan or any
part thereof.

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

(T. 49/126/23.)

Consenting to the Raising of a Loan of £23,000 by the Whangarei
Borough Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 20th day of
December, 1950

Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL

WHEREAS the Whangarei Borough Council (hereinafter called
the said local authority) (being desirous of raising a
loan of twenty-three thousand pounds (£23,000) to be known as
“Abattoir Remodelling Loan, 1950” (hereinafter called the said
loan), for the purpose of remodelling and extending the Municipal
Abattoirs, has complied with the provisions of the Local Govern-
ment 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 twenty-three thousand pounds (£23,000)
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 be 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 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 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. 49/141/21.)

Consenting to the Raising of a Loan of £58,000 by the Waikato
Hospital Board and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 20th day of
December, 1950

Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL

WHEREAS the Waikato Hospital Board (hereinafter called the
said local authority) being desirous of raising a loan of
fifty-eight thousand pounds (£58,000) to be known as “Building
Loan No. 2, 1950” (hereinafter called the said loan), for the
purpose of erecting a Nurses’ Home and extending the hospital at
Huntly, including furniture and equipment (£17,500), extending the
kitchen and dining-room, Nurses’ Home, Waikato Hospital, including
furniture and equipment (£21,000), and extending the hospital and
Nurses’ Home, Otorohanga, including furniture (£19,500), 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 fifty-eight thousand pounds (£58,000) 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 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.

(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. 49/512/14.)