26 FEB.]

THE NEW ZEALAND GAZETTE

Varying the Determinations in Respect of Portion (£21,300)
of the Auckland Metropolitan Drainage Board's Loan of
£750,000

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 by Order in Council made on the 3rd day of
September 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 Auckland Metropolitan Drainage
Board (hereinafter called the said local authority) of an
amount of one hundred thousand pounds (£100,000) being
portion of a loan of seven hundred and fifty thousand pounds
(£750,000), known as “Loan No. 9 1952”:
And whereas portion of the said amount of one hundred
thousand pounds (£100,000) amounting to twenty-one thousand
three hundred pounds (£21,300) (hereinafter called the said
sum) has not yet been raised:
And whereas in the said Order in Council provision is
made for the repayment of the said sum by the redemption
of debentures in the 30th half-year, and it is expedient to
vary the provision for repayment as hereinafter provided:
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 provision for repayment
of the said sum as contained in clause 3 of the said Order in
Council, by providing that the said sum or any part thereof
shall be repaid by the redemption of debentures in the 20th
half-year specified in the said Order in Council.
T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/393/16)

Varying the Determinations in Respect of Portion (£145,000)
of the Christchurch Transport Board’s Loan of £950,000
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 by Order in Council made on the 19th day
of November 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 Christchurch
Transport Board (hereinafter called the said local authority)
of the sum of one hundred and fifty thousand pounds
(£150,000), being portion of a loan of nine hundred and
fifty thousand pounds (£950,000) known as “Modernization
Loan 1950” (hereinafter called the said loan):
And whereas by Order in Council made on the 21st day
of January 1953 certain of the determinations aforesaid were
varied:
And whereas the sum of one hundred and forty-five
thousand pounds (£145,000) (hereinafter called the said sum)
has not yet been raised and it is expedient to again vary
certain of the determinations aforesaid in respect of 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 repayment in the manner prescribed in
   clause 3 of the Order in Council made on the 19th day of
   November 1952, as varied by the Order in Council made on
   the 21st day of January 1953, the said sum or any part
   thereof shall be repaid by the half-yearly redemption of
   debentures in the half-years set out in the first column of
   the Schedule hereunder of the amounts stated opposite each
   such half-year in the second column of the said Schedule.

SCHEDULE

First Column Half-year Second Column Amount First Column Half-year Second Column Amount
1st 4,600 ... 14th ... 6,100
2nd 4,800 15th ... 6,200
3rd 4,900 16th ... 6,300
4th 5,000 17th ... 6,400
5th 5,000 18th ... 6,500
6th 5,200 19th ... 6,700
7th 5,300 20th ... 6,900
8th 5,400 21st ... 6,900
9th 5,400 22nd ... 7,100
10th 5,600 23rd ... 7,300
11th 5,700 24th ... 7,300
12th 5,900 25th ... 2,600
13th 5,900

2. In lieu of a rate not exceeding one-half per centum,
   as prescribed in clause 5 of the Order in Council made on
   the 19th day of November 1952, the rate payable for brokerage,
   underwriting, and procuration fees in respect of the raising
   of the said sum or any part thereof shall not in the aggregate
   exceed three-quarters per centum of any amount raised.
   T. J. SHERRARD,
   Clerk of the Executive Council.
   (T. 49/222/24)

Varying the Determinations in Respect of Portion (£111,600)
of the Auckland Transport Board's Loan of £2,450,000
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 by Order in Council made on the 16th day of
July 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 Auckland Transport Board
(hereinafter called the said local authority) of an amount
of one million seven hundred and seventy-five thousand pounds
(£1,775,000) being portion of a loan of two million four
hundred and fifty thousand pounds (£2,450,000), known as
‘Modernization and Development Loan 1951’:
And whereas by Order in Council made on the 3rd day
of September 1952 the determinations aforesaid were varied
in respect of portion of the said amount of one million seven
hundred and seventy-five thousand pounds (£1,775,000)
amounting to four hundred and thirty-eight thousand pounds
(£438,000):
And whereas portion of the said amount of four hundred
and thirty-eight thousand pounds (£438,000) amounting to
one hundred and eleven thousand six hundred pounds
(£111,600) (hereinafter called the said sum) has not yet
been raised:
And whereas in the Order in Council made on the 3rd
day of September 1952 provision is made for the repayment
of the said sum by the redemption of debentures in the
following manner—namely, one hundred pounds in the 26th
half-year, one thousand seven hundred pounds in the 28th
half-year, seven thousand six hundred pounds in the 29th half-
year, and one hundred and two thousand pounds in the 30th half-year—and it is expedient to vary the provision for repayment as hereinafter provided:
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 provision for repayment
of the said sum, as contained in clause 3 of the Order in
Council made on the 3rd day of September 1952, by providing
that the said sum or any part thereof shall be repaid by the
redemption of debentures in the 20th half-year specified in
the said Order in Council.
T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/457/8)

Varying the Determinations in Respect of Portion (£28,000)
of the Christchurch Drainage Board's Loan of £425,000
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 by Order in Council made on the 15th day
of May 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 Christchurch
Drainage Board (hereinafter called the said local authority)
of a loan of four hundred and twenty-five thousand pounds
(£425,000) to be known as ‘Sewerage Loan No. 1 1951’
(hereinafter called the said loan):
And whereas by Order in Council made on the 22nd day
of October 1952 the determinations aforesaid were varied in
respect of portion of the said loan amounting to two hundred
thousand pounds (£200,000):
And whereas portion of the said amount of two hundred
thousand pounds (£200,000) amounting to twenty-eight
thousand pounds (£28,000) (hereinafter called the said sum)
has not yet been raised: