Varying the Determinations in Respect of the Rotorua Borough Council's
Loan of £150,000 by Extending the Term Within Which the Said
Loan 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 6th day of February
1951 (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
Rotorua Borough Council of a loan of one hundred and fifty thousand
pounds (£150,000) to be known as “Water-supply and Reticulation
Loan 1950” (hereinafter called the said loan):

And whereas the said loan has not yet been raised 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 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 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. 49/427/22)

Varying the Determinations in Respect of Portion (£30,000) of the
Wanganui Hospital Board's Loan of £60,000

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 24th day of March
1952 and subject to the determinations as to borrowing and
repayment therein set out, consent was given to the raising in New
Zealand by the Wanganui Hospital Board (hereinafter called the said
local authority) of a loan of sixty thousand pounds (£60,000) to be
known as “Marton Hospital Loan 1952” (hereinafter called the said
loan):

And whereas the said loan has not yet been raised:

And whereas the said local authority is now desirous of raising
portion of the said loan amounting to thirty thousand pounds
(£30,000) (hereinafter called the said sum) and it is expedient to
cancel the determinations aforesaid in respect of the said sum and
make new determinations in lieu thereof:

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 cancels
the determinations aforesaid in respect of the said sum and in lieu
thereof makes the following determinations :

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.

3. 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

4. The payment of interest and redemptions in respect of the
   said sum shall be made in New Zealand.

5. No amount payable either as interest or as a redemption in
   respect of the said sum shall be paid out of loan-moneys.

6. The rate payable for brokerage, underwriting, and procurement
   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.

7. 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. 49/513/15)

Varying the Determinations in Respect of Portion (£10,000) of the
North Canterbury Electric-power Board’s Loan of £70,000

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 4th day of February
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):

And whereas the authority conferred by the said Order in Council
has not yet been exercised to the extent of fifty thousand pounds
(£50,000) and it is expedient to cancel the determinations aforesaid
in respect of a portion thereof amounting to ten thousand pounds
(£10,000) (hereinafter called the said sum) and make new determina-
tions in lieu thereof:

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 cancels
the aforesaid determinations in respect of the said sum and in lieu
thereof makes the following determinations :—

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.

3. 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

4. The payment of interest and redemptions in respect of the
   said sum shall be made in New Zealand.

5. No amount payable either as interest or as a redemption in
   respect of the said sum shall be paid out of loan-moneys.

6. The rate payable for brokerage, underwriting, and procurement
   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.

7. 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. 49/308/12)

Authorizing the Construction of a Motor-way Adjacent to Bay View
Township in the County of Hawke's Bay (Bay View (By-pass)
Motorway)

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 10th day of
December 1952
Present:

His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
PURSUANT to the Public Works Act 1928, and section 44 of the
Public Works Amendment Act 1948, His Excellency the
Governor-General, at the request of the Main Highways Board,
and acting by and with the advice and consent of the Executive
Council, hereby authorizes the construction of a motor-way adjacent
to Bay View Township, such motor-way to commence from the
existing public road boundary of Lots 111 and 112, D.P. 613, and
to proceed in a northerly direction to the existing public road
boundary of Lots 26, 27, and 28, D.P. 613, and Lot 1, D.P. 4623
being all situated in Block XII, Puketapu Survey District, in the
County of Hawke's Bay. As the same is more particularly delineated
on the plan marked P.W.D. 138910, deposited in the office of the
Minister of Works at Wellington, and thereon coloured red.

T. J. SHERRARD,
Clerk of the Executive Council.
(P.W. 70/21/5/1 ; D.O. 25/25/4/1/1)