Varying the Determinations in Respect of the Balance (£170,000)
of the Dunedin Drainage and Sewerage Board's Loan of £200,000
by Extending the Term Within Which the Said Sum May be
Raised

FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 6th day of
August 1952
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 6th day of
September 1950 (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 in New Zealand
by the Dunedin Drainage and Sewerage Board (hereinafter called
the said local authority) of a loan of two hundred thousand pounds
(£200,000) to be known as "Drainage Extension Loan 1950" (here-
inafter called the said loan):
And whereas the authority conferred by the said Order in Council
has not been exercised to the extent of one hundred and seventy
thousand pounds (£170,000) (hereinafter called the said sum) and
it is expedient to extend the term as specified in clause 7 of the
said Order in Council within which the said sum 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 sum by
prescribing that 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. 49/362/9)
Varying the Determinations in Respect of the Balance (£14,900) of
the Timaru City Council's Loan of £30,000 by Extending the
Term Within Which the Said Sum May be Borrowed
FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 6th day of
August 1952
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 27th day of
September 1950 (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 in New Zealand
by the Timaru City Council (hereinafter called the said local
authority) of the sum of sixteen thousand nine hundred pounds
(£16,900), being the balance then unraised of a loan of thirty thousand
pounds (£30,000) known as "Stormwater Drainage Loan 1946"
(hereinafter called the said loan):
And whereas the sum of fourteen thousand nine hundred
pounds (£14,900) (hereinafter called the said sum) has not yet been
raised and it is expedient to vary the determinations aforesaid in
respect of the said sum by extending the period within which the
said sum 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 sum by
prescribing that no moneys shall be borrowed under the consent
given by the said Order in Council after the expiration of three (3)
years from the date thereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/306/20)
Varying the Determinations in Respect of Portion (£40,000) of the
South Canterbury Electric-power Board's Loan of £80,000
FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 6th day of
August 1952
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 9th day of April
1952 (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 in New Zealand by
the South Canterbury Electric-power Board (hereinafter called the
said local authority) of a loan of eighty thousand pounds (£80,000)
to be known as "Electricity Development Loan 1952" (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 portion thereof
amounting to forty thousand pounds (£40,000) (hereinafter called
the said sum):
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 sum by prescribing
as follows:-

1. In lieu of a term of twenty-five (25) years, as specified in
   clause 1 of the said Order in Council, the term for which the said
   sum or any part thereof may be raised shall not exceed six (6) years.
2. In lieu of repayment in the manner prescribed in clause 3
   of the said Order in Council, the said sum or any part thereof shall
   be repaid by the annual redemption of debentures in the years
   set out in the first column of the Schedule hereunder of the amounts
   stated opposite each such year in the second column of the said
   Schedule.
   SCHEDULE OF REDEMPTIONS
   First Column. Second Column. First Column. Second Column.
   Year. Amount. Year. Amount.
   Ist ... £ 1,200 4th ... £ 1,200
   2nd ... £ 1,200 5th ... £ 1,200
   3rd ... £ 1,200 6th ... £ 34,000
   T. J. SHERRARD,
   Clerk of the Executive Council.
   (T. 49/181/17)
   Authorizing the Borrowing by the Petone and Lower Hutt Gas Board
   by Way of Hypothecation of Debentures Issued in Respect of a
   Loan of £12,100
   FREYBERG, Governor-General
   ORDER IN COUNCIL
   At the Government House at Wellington, this 13th day of
   August 1952
   Present:
   HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
   WHEREAS by Order in Council made on the 16th day of July
   1952 (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 in New Zealand by the
   Petone and Lower Hutt Gas Board (hereinafter called the said
   local authority) of a loan of twelve thousand one hundred pounds
   (£12,100) to be known as "Premises and Vehicle Purchase Loan
   1952" (hereinafter called the said loan):
   And whereas the said local authority, pending the raising of
   portion of the said loan amounting to three thousand six hundred
   pounds (£3,600) (hereinafter called the said sum) in accordance with
   the said determinations, is desirous of borrowing the said sum or
   part thereof by hypothecation or mortgage pursuant to section 34
   of the Local Bodies' Loans Act 1926 of the debentures authorized
   to be issued in respect of the said sum:
   Now, therefore, pursuant to section 7 of the Local Authorities
   Interest Reduction and Loans Conversion Act 1932-33 and section 8
   of the Local Authorities Interest Reduction and Loans Conversion
   Amendment Act 1933, His Excellency the Governor-General, acting
   by and with the advice and consent of the Executive Council, hereby
   consents to the said local authority, pending the raising of the said
   sum in accordance with the said determinations, borrowing the said
   sum or any part thereof by the hypothecation or mortgage of the
   said debentures to the State Advances Corporation of New Zealand
   at a rate of interest not exceeding three pounds five shillings (£3 5s.)
   per centum per annum, such interest to be computed on the daily-
   debtor balances in the accounts of the Corporation repayable on
   demand, but so that the term shall not exceed one year, and hereby
   prescribes that the money borrowed by the hypothecation or mort-
   gage of the said debentures shall, pending the raising of the said sum,
   be repaid by annual or half-yearly instalments equivalent to the
   instalments of principal which would have been repaid if on the
   first day on which any moneys are borrowed by such hypothecation
   or mortgage the whole of the said sum of three thousand six hundred
   pounds (£3,600) had been raised on the terms prescribed by the said
   Order in Council.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/215/15)
Authorizing the Borrowing by the North Canterbury Electric-power
Board by Way of Hypothecation of Debentures issued in Respect
of a Loan of £70,000
FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 13th day of
August 1952
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 4th day of Feb-
ruary 1952 (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 in New Zealand by
the North Canterbury Electric-power Board (hereinafter called
the said local authority) of a loan of seventy thousand pounds
(£70,000) to be known as "Reticulation Extension Loan 1952"
(hereinafter called the said loan):