Varying the Determinations in Respect of Loans or Portions Thereof Being Raised by Certain Local Authorities

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL
At the Government House at Wellington, this 3rd day of December 1952
Present:

His Excellency The Governor-General in Council

WHEREAS by Orders in Council made on the respective dates specified in the third column of the Schedule hereto, consent was given to the raising by the respective local authorities enumerated in the first column of the said Schedule of the respective loans stated in the second column of the said Schedule, subject in each case to the determinations set forth in such Orders in Council:
And whereas the authorities conferred by the said Orders in Council have not been exercised in respect of each respective loan to the extent specified in the fourth column of the said Schedule opposite each such loan:
And whereas it is expedient to vary the determinations of each respective loan in so far as such determinations apply to the raising of the sum specified in the fifth column of the said Schedule opposite each such loan (hereinafter called the said sum):
Now, therefore, pursuant to section ll 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 in respect of each loan referred to in the Schedule hereto, certain of the aforesaid determinations in respect of the raising of such loan in so far as such determinations apply to the raising of the said sum, by prescribing that in lieu of the rate of interest as specified in the Order in Council authorizing the raising of such loan, 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.

SCHEDULE
| First Column. | Second Column. | Third Column. | Fourth Column. | Fifth Column. |
| --- | --- | --- | --- | --- |
| Name of Local Authority. | Name of Loan. | Date of Consenting Order in Council and Amount Thereby Authorized. | Amount of Loan Unraised. | Sum in Respect of Which Rate of Interest is Hereby Varied. |
| Buller Electric-power Board ... | Purchasing and Construction Loan 1950 - £197,000 : Portion £38,300 | 16 April 1952, £38,300 ... | £38,300 | £6,000 |
| Lower Hutt Fire Board ... | Central Fire Station Loan 1950 ... | 27 February 1951, £150,000 ... | 75,000 | 75,000 |
| Pahiatua County Council ... | Mangahao River Bridge Loan 1951 | 19 December 1951, £10,700 ... | 10,700 | 10,700 |
| Wairere Electric-power Board ... | Reticulation Loan 1951 | 3 March 1952, £20,000 ... | 5,000 | 5,000 |

T. J. SHERRARD, Clerk of the Executive Council.
(T. 40/416/6)

Varying the Determinations in Respect of the Buller Electric-power Board's Loan of £3,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 3rd day of December 1952
Present:

His Excellency The Governor-General in Council

WHEREAS by Order in Council made on the 20th day of December 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 Buller Electric-power Board (hereinafter called the said local authority) of a loan of three thousand pounds (£3,000) to be known as "Advances to Consumers Loan 1950" (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 extend the term as specified in clause 6 of the said Order in Council within which the said loan or any portion thereof may be raised:
Now, therefore, pursuant to section ll 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 said Order in Council after the expiration of four (4) years from the date thereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/726/2)

Varying the Determinations in Respect of Portion (£29,000) of the Buller Electric-power Board's Loan of £197,000 by Extending the Term Within Which the Said Sum May be Raised

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 3rd day of December 1952
Present:

His Excellency The Governor-General in Council

WHEREAS by Order in Council made on the 13th day of December 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 Buller Electric-power Board (hereinafter called the said local authority) of the sum of sixty thousand seven hundred pounds 60,700), being portion of a loan of one hundred and ninety-seven thousand pounds (£197,000) known as "Purchasing and Construction Loan 1950" (hereinafter called the said loan):
And whereas portion of the said loan amounting to twenty-nine thousand pounds (£29,000) (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 ll 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. 49/726/1)

Varying the Determinations in Respect of the Balance (£26,000) of the Wellington City Council's Loan of £36,000 by Extending the Term Within Which the said Sum May be Raised

H. F. O'LEARY,
Administrator of the Government
ORDER IN COUNCIL
At the Government House at Wellington, this 26th day of November 1952
Present:

His Excellency The Administrator of the Government in Council

WHEREAS by Order in Council made on the 20th day of December 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 Wellington City Council (hereinafter called the said local authority) of a loan of thirty-six thousand pounds (£36,000) to be known as "Abattoir Loan 1950" (hereinafter called the said loan):
And whereas portion of the said loan amounting to twenty-six thousand pounds (£26,000) (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 ll 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 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. 49/168/115)