Nov. 1] THE NEW ZEALAND GAZETTE 1637

SCHEDULE

(2) No moneys shall be borrowed under the consent given by the said Order in Council after the expiration of four (4) years from the date thereof.

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

(T. 49/233/41)

Varying the Determinations in Respect of the Wellington City Council’s Loan of £18,000 by Extending the Term Within Which the Said Loan May be Raised

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

At the Government House at Wellington, this 24th day of October 1951

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 14th day of January 1948, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising in New Zealand by the Wellington City Council (hereinafter called the said local authority) of a loan of eighteen thousand pounds (£18,000) to be known as “Zoo Improvements Loan 1947” (hereinafter called the said loan):

And whereas, by Order in Council made on the 9th day of November 1949, the determinations aforesaid were varied by extending the period within which the said loan might be raised to four (4) years from the date of the Order in Council made on the 14th day of January 1948:

And whereas the said loan has still not yet been raised and it is expedient to again vary the determinations aforesaid in respect of the said loan by further extending the period within which the said loan or any portion thereof may be raised:

Now, therefore, pursuant to section 11 of the Local Government Loans Board Act 1926, as set out in section 29 of the Finance Act 1932 (No. 2), His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby varies the determinations aforesaid in respect of the said loan by prescribing that no moneys shall be borrowed under the consent given by the Order in Council made on the 14th day of January 1948 after the expiration of six (6) years from the date thereof.

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

(T. 49/168/103)

Varying the Determinations in Respect of the Invercargill City Council’s Loan of £105,000

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

At the Government House at Wellington, this 24th day of October 1951

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 1st day of March 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 Invercargill City Council (hereinafter called the said local authority) of a loan of one hundred and five thousand pounds (£105,000) to be known as “Gasworks Loan 1950” (hereinafter called the said loan):

And whereas, by Order in Council made on the 20th day of December 1950, the determinations aforesaid were varied in respect of portion of the said loan amounting to ten thousand pounds (£10,000):

And whereas the authority conferred by the Order in Council made on the 1st day of March 1950 has not yet been exercised, and it is expedient to vary certain of the determinations aforesaid in respect of the said loan:

Now, therefore, pursuant to section 11 of the Local Government Loans Board Act 1926, as set out in section 29 of the Finance Act 1932 (No. 2), His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby varies certain of the determinations aforesaid in respect of the said loan by prescribing as follows:—

(1) In lieu of repayment of a further portion of the said loan amounting to ten thousand pounds (£10,000) (hereinafter called the said sum) or any part thereof, together with interest thereon, by equal aggregate annual or half-yearly instalments as specified in clause (3) of the Order in Council made on the 1st day of March 1950, the said sum shall be repaid by the half-yearly redemption of debentures on the dates set out in the first column of the Schedule hereto of the amounts stated opposite each such date in the second column of the said Schedule: Provided that the said local authority shall, in respect of the redemption of the debenture for one thousand pounds (£1,000) maturing on the 1st day of March 1957, and before raising the said sum or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act 1926, or under such other statutory enactment as may be applicable, and shall thereafter make payments to such sinking fund at intervals of not more than one year at a rate or rates per centum which shall be not less than eighteen pounds sixteen shillings and eightpence (£18 16s. 8d.), the first such payment to be made not later than one year after the first day from which interest to the lender or lenders is computed on the said debenture.

SCHEDULE

(2) No moneys shall be borrowed under the consent given by the Order in Council made on the 1st day of March 1950 after the expiration of four (4) years from the date thereof.

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

(T. 49/233/42)

Foreshore Licence, Auckland Harbour—Rame Road—Greenhithe—Site for a Boat-Building Shed and Slip-rails—Colin Hugh Wild

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

At the Government House at Wellington, this 24th day of October 1951

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

PURSUANT to the Harbours Act 1950, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, doth hereby license and permit Colin Hugh Wild, of Devonport (hereinafter called “the licensee” which term shall include his executors, administrators, or assigns, unless the context requires a different construction), to use and occupy a part of the foreshore at Rame Road, Greenhithe, Auckland Harbour, as shown on plans marked M.D. 9253 and deposited in the office of the Marine Department at Wellington, for the purpose of erecting and maintaining thereon a boat-building shed and slip-rails as shown on the said plans, such licence to be held and enjoyed by the licensee upon and subject to the terms and conditions set forth in the Schedule hereto.

SCHEDULE
CONDITIONS

(1) This licence is subject to the Foreshore Licence Regulations 1940, and the provisions of those regulations shall, so far as applicable, apply hereto.

(2) The premium payable by the licensee shall be £5 (five pounds), and the annual sum so payable £5 (five pounds).

(3) The term of the licence shall be fourteen years from the 1st day of November 1951.

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