Consenting to the Raising of a Loan of £400 by the Leeston Town Board
and Prescribing the Conditions Thereof

FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 19th day of
December 1951
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Leeston Town Board (hereinafter called the said
local authority) proposes, pursuant to the provisions of
section 3 of the Main Highways Amendment Act 1928, to borrow
the sum of four hundred pounds (£400) by a loan to be known as
"Lake Road Sealing Loan 1951" (hereinafter called the said loan)
for the purpose of providing the said local authority's share of the
cost of reconstructing and sealing portion of the Leeston - Lake
Ellesmere Main Highway:
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 consents
to the raising by the said local authority of the said loan for the said
purpose up to the amount of four hundred pounds (£400), and in
giving such consent hereby determines 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, 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. 49/632)

Consenting to the Raising of the Balance (£200,000) of the Wellington
Harbour Board's Loan of £600,000 and Prescribing the
Conditions Thereof

FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 19th day of
December 1951
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 31st day of July
1946 (hereinafter 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 Wellington Harbour
Board (hereinafter called the said local authority) of a loan of six
hundred thousand pounds (£600,000) to be known as "Harbour
Works Loan 1947":
And whereas the authority conferred by the said Order in
Council has lapsed in accordance with the provisions of clause (6)
thereof 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 11 of the Local Government Loans
Board Act 1926 (hereinafter called the said Act):
And whereas an amount of two hundred thousand pounds
(£200,000) (hereinafter called 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, pursuant to section 11 of the said Act, 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 consents to the raising in New Zealand
by the said local authority of the said sum up to the amount of two
hundred thousand pounds (£200,000) for the purpose for which the
said loan was authorized, and in giving such consent hereby determines
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, 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 such 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 sum 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. 49/622/2)

Consenting to the Raising of a Loan of £8,000 by the Ashburton Borough
Council and Prescribing the Conditions Thereof

FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 19th day of
December 1951
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Ashburton Borough Council (hereinafter called
the said local authority) proposes, pursuant to the terms
of a requisition issued under section 22 of the Health Act 1920, to
raise a loan of eight thousand pounds (£8,000) to be known as
"Water Pumping Loan 1951" (hereinafter called the said loan)
to provide waterworks comprising the installation of a well and
works incidental thereto, for the purpose of augmenting the water-
supply available in the Borough of Ashburton:
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
consents to the raising in New Zealand by the said local authority
of the said loan for the said purpose up to the amount of eight
thousand pounds (£8,000), and in giving such consent hereby
determines 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 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. 49/113)

Consenting to the Raising of a Loan of £63,400 by the New Plymouth
City Council and Prescribing the Conditions Thereof

FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 19th day of
December 1951
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS under the authority of clause 16 of the New Ply-
mouth Borough Loans Conversion Order 1934 (No. 1) the
New Plymouth City Council (hereinafter called the said local
authority) stipulated in certain of the securities issued pursuant to
such Order for the redemption thereof at the option of the said local
authority on such date prior to that specified in the securities as the
said local authority might fix in that behalf by notice to be published
in the Gazette at least six (6) months before such prior date:
And whereas the said local authority proposes, in exercise of
such option, to redeem on the 1st day of April 1952, certain of such
securities amounting in the aggregate to the sum of sixty-three
thousand four hundred pounds (£63,400), the dates specified in such
securities for the redemption thereof being between the 1st day of
October 1952 and the 1st day of October 1962 (both dates inclusive):
And whereas the said local authority being desirous, for the
purpose of giving effect to such proposal, of raising a loan of sixty-
three thousand four hundred pounds (£63,400) to be known as the
"Redemption Loan 1951" (hereinafter called the said loan) has
complied with the provisions of the Local Government Loans Board
Act 1926 and it is expedient that the precedent consent of the
Governor-General in Council, as required by such Act, should be
given to the raising of the said loan:
Now, therefore, pursuant to section 11 of the Local Govern-
ment 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
consents to the raising in New Zealand by the said local authority
of the said loan for the said purpose up to the amount of sixty-three
thousand four hundred pounds (£63,400), and in giving such consent
hereby determines as follows:
(1) The term for which the said loan or any part thereof may
be raised shall not exceed ten and a half (10½) 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.