11 SEPT.] THE NEW ZEALAND GAZETTE 1477

Consenting to the Raising of a Loan of £12,000 by the Carterton Borough Council and Prescribing the Conditions Thereof

——

H. F. O’LEARY,
Administrator of the Government

ORDER IN COUNCIL

At the Government House at Wellington, this 3rd day of September 1952

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT IN COUNCIL

WHEREAS the Carterton Borough Council (hereinafter called the said local authority), being desirous of raising (a) a loan of two thousand pounds (£2,000) to be known as “ State Theatre Additions Loan 1952 ” for the purpose of carrying out alterations and additions to the State Theatre, (b) a loan of four thousand pounds (£4,000) to be known as “ Municipal Buildings Loan 1952 ” for the purpose of providing a new municipal building, and (c) a loan of six thousand pounds (£6,000) to be known as “ Water Reticulation Improvements Loan 1952 ” for the purpose of making additions to the water-reticulation in the Borough of Carterton, has complied with the provisions of the Local Government Loans Board Act 1926 (hereinafter called the said Act) :

And whereas by a poll of the ratepayers taken on the 30th day of July 1952, authority was given to the raising by the said local authority of the aforesaid loans :

And whereas the said local authority is now desirous of raising the aforesaid loans of two thousand pounds (£2,000), four thousand pounds (£4,000), and six thousand pounds (£6,000) in one loan of twelve thousand pounds (£12,000) to be known as “ General Purposes Amalgamated Loan 1952 ” (hereinafter called the said loan) 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, pursuant to section 11 of the said Act as set out in section 29 of the Finance Act 1932 (No. 2) His Excellency the Administrator of the Government, 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 up to an amount of twelve thousand pounds (£12,000) for the aforesaid respective purposes in the aforesaid respective amounts, 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 payment of such instalments shall be made in New Zealand and no such instalment shall be paid out of loan-moneys.

5. 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.

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. 49/118/6, 7, and 8)

——

Consenting to the Raising of a Loan of £500 by the Ross Borough Council and Prescribing the Conditions Thereof

——

H. F. O’LEARY,
Administrator of the Government

ORDER IN COUNCIL

At the Government House at Wellington, this 27th day of August 1952

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT IN COUNCIL

WHEREAS the Ross Borough Council (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 five hundred pounds (£500) by a loan to be known as “ Highways Loan 1952 ” (hereinafter called the said loan) for the purpose of providing the said local authority’s share of the cost of sealing portion of the Ross Railway-station 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 Administrator of the Government, 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 five hundred pounds (£500), 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 five (5) 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. 49/374)

——

Consenting to the Raising of a Loan of £3,000 by the Castlepoint County Council and Prescribing the Conditions Thereof

——

H. F. O’LEARY,
Administrator of the Government

ORDER IN COUNCIL

At the Government House at Wellington, this 3rd day of September 1952

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT IN COUNCIL

WHEREAS the Castlepoint County Council (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 three thousand pounds (£3,000) by a loan to be known as “ Main Highways Loan 1952 ” (hereinafter called the said loan) for the purpose of providing the said local authority’s share of the cost of re-aligning portion of the Masterton-Castlepoint Main Highway and of works incidental thereto :

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 Administrator of the Government, 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 three thousand pounds (£3,000), 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 be five (5) 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 four pounds (£4) per centum per annum.

3. The said loan or any part thereof, 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. 49/477)

——

Consenting to the Raising of Portion (£100,000) of the Auckland Metropolitan Drainage Board’s Loan of £750,000, and Prescribing the Conditions Thereof

——

H. F. O’LEARY,
Administrator of the Government

ORDER IN COUNCIL

At the Government House at Wellington, this 3rd day of September 1952

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT IN COUNCIL

WHEREAS the Auckland Metropolitan Drainage Board (hereinafter called the said local authority), being desirous of raising a loan of seven hundred and fifty thousand pounds (£750,000) to be known as “ Loan No. 9 1952 ” (hereinafter called the said loan) for the purpose of constructing main sewers from Orakei and from Point England to West Tamaki Head, constructing an access road, purchasing land, and undertaking associated works, has complied with the provisions of the Local Government Loans Board Act 1926 (hereinafter called the said Act) :

And whereas the said local authority is desirous of raising portion of the said loan amounting to one hundred thousand pounds (£100,000) (hereinafter called the said sum) 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 sum :

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 Administrator of the Government, 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 for the said purpose up to the amount of one hundred thousand pounds (£100,000), 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 fifteen (15) 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 four pounds (£4) per centum per annum.