248

THE NEW ZEALAND GAZETTE

[No. 10

And whereas by Order in Council made on the 19th day
of September 1951 and subject to the determinations as to
borrowing and repayment therein set out, consent was given
to the raising by the said local authority of a loan of nine
thousand pounds (£9,000) to be known as 'Housing Loan
1951' for the purpose of erecting dwellings for employees:
And whereas the authorities conferred by the aforesaid
Orders in Council have not yet been exercised:
And whereas the said local authority is now desirous of
raising portion only of the 'Housing Loan 1951' amounting
to eight thousand pounds (£8,000):
And whereas the said local authority is desirous of raising
the said amounts of ten thousand pounds (£10,000) and eight
thousand pounds (£8,000) in one sum of eighteen thousand
pounds (£18,000) to be known as 'Housing and Reticulation
Loan 1953' (hereinafter called the said loan), and it is
expedient to authorize the said local authority to raise the
said loan on the conditions hereinafter set out:
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 up to an
amount of eighteen thousand pounds (£18,000) for the said
purposes, 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 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
   or half-yearly instalments extending over the term as deter-
   mined 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
   procuration 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 thereof.
   T. J. SHERRARD,
   Clerk of the Executive Council.
   (T. 49/352/7 and 8)
   Consenting to the Raising of a Loan of £3,000 by the Levin
   Fire Board and Prescribing the Conditions Thereof
   C. W. M. NORRIE, Governor-General
   ORDER IN COUNCIL
   At the Government Buildings at Wellington, this 17th day of
   February 1953
   Present:
   THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
   WHEREAS the Levin Fire Board (hereinafter called the
   said local authority), being desirous of raising a loan
   of three thousand pounds (£3,000) to be known as 'Fire
   Engine Loan 1952' (hereinafter called the said loan) for
   the purpose of purchasing a fire engine, has complied with
   the provisions of the Local Government Loans Board Act
   1926 (hereinafter called the said Act), 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 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 three thousand
   pounds (£3,000), and in giving such consent hereby determines
   as follows:

7. The term for which the said loan or any part thereof
   may be raised shall not exceed fifteen (15) years.

8. 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 four
   pounds (£4) per centum per annum.

9. The said loan or any part thereof shall be repaid by
   equal annual instalments of principal extending over the term
   as determined in 1 above.

10. The payment of interest and the repayment of principal
    in respect of the said loan shall be made in New Zealand.

11. No amount payable either as interest or as principal
    in respect of the said loan shall be paid out of loan-moneys.

12. The rate payable for brokerage, underwriting, and
    procuration 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.

13. 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. 49/244/2)
    Consenting to the Raising of Loans by Certain Local Authorities and Prescribing the Conditions Thereof
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government Buildings at Wellington, this 17th day of February 1953
    Present:
    THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
    WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans
    stated opposite their names therein, have respectively complied with the provisions of the Local Government Loans Board
    Act 1926 (hereinafter called the said Act), 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 loans:
    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 respective local authorities mentioned in the first column of the said Schedule of the respective
    loans set out in the second column of the said Schedule, up to the respective amounts specified in the third column of the said
    Schedule, and in giving such consent hereby determines as follows:

14. The terms for which the said loans or any parts thereof may be raised shall not exceed the respective terms (in years)
    stated in the fourth column of the said Schedule.

15. The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not
    produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the fifth column
    of the said Schedule.

16. The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annual
    or half-yearly instalments extending over the respective terms as determined in 1 above.

17. The payment of such instalments shall be made in New Zealand, and no such instalment shall be paid out of
    loan-moneys.

18. The rate payable for brokerage, underwriting, and procuration fees in respect of the raising of the said respective loans
    or any parts thereof shall not in the aggregate exceed one-half per centum of any amount raised.

19. No moneys shall be borrowed under this consent after the expiration of two years from the date hereof.
    SCHEDULE
    First Column.
    Name of Local Authority.
    Second Column.
    Name of Loan.
    Third Column.
    Amount of Loan.
    Fourth Column.
    Term of Loan
    (Years).
    Fifth Column.
    Rate of
    Interest.
    £ s. d.
    Auckland Hospital Board Pukekohe Hospital Loan 1952, £192,800
    80,000
    20
    4 0 0
    Whangarei Fire Board Fire Engine Loan 1952
    5,500
    15
    4 0 0
    Whangarei Fire Board Property Loan 1953
    7,750
    15
    4 0 0
    T. J. SHERRARD, Clerk of the Executive Council.
    (T. 40/416/6)