advice and consent of the Executive Council, hereby consents

to the raising by the said Council from the Corporation for the

aforesaid purpose of a loan up to the amount of fifteen

thousand pounds (£15,000), and in giving such consent hereby

determines as follows:—

1. That the Council shall pay to the Corporation each

half-year in reduction of the principal moneys advanced by the

Corporation to the Council an amount equal to the sum of

all the amounts which are expressed to be payable to the

Council during such half-year by the agreements entered into

with the said Council by the various farmers to whom the said

Council has advanced any of the loan-moneys.

2. The rate of interest that may be paid in respect of

the said loan, or so much thereof as is for the time being

raised and not repaid, shall be three pounds ten shillings

(£3 10s.) per centum per annum payable half-yearly, the first

such payment to be made not later than six months after the

date of the payment of the first instalment of the loan by the

Corporation to the said Council, such interest to be computed

on the daily-debtor balances in the accounts of the corporation.

3. No amounts payable as either interest or principal in

respect of the said loan shall be paid out of loan-moneys.

4. No amount shall be payable for brokerage, underwriting,

or procurement fees in respect of the raising of the said loan

or any part thereof.

T. J. SHERRARD,

Clerk of the Executive Council.

(T. 49/101/20)

Consenting to the Raising of Portion (£50,000) of the

Wellington City Council’s Loan of £100,000 and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 17th day of

March 1953

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Wellington City Council (hereinafter called

the said local authority), being desirous of raising a

loan of one hundred thousand pounds (£100,000) to be known

as ‘Te Aro Flat Redevelopment Loan 1952’ (hereinafter

called the said loan), for the purpose of purchasing land and

buildings in the Te Aro Flat reclamation area, 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 arranging to

raise a portion of the said loan amounting to fifty thousand

pounds (£50,000) (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 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 sum for the said purpose up to the amount of

fifty thousand pounds (£50,000), 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 be ten (10) 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 local authority shall, before raising the said

sum or any part thereof, make provision for the repayment

thereof by establishing a sinking fund under the Local Bodies’

Loans Act 1926, or under such other statutory enactment as

may be applicable, and shall thereafter make payments to such

sinking fund at intervals of not more than one year at a rate

or rates per centum which shall be not less than two pounds

(£2), such payments to be made in respect of every part of

the said sum for the time being so borrowed and not repaid,

the first such payment to be made not later than one year

after the first day from which interest to the lender or lenders

is computed on the said sum or any part thereof so raised.

4. The payment of interest and repayment of principal

in respect of the said sum shall be made in New Zealand.

5. No amount payable as either interest or sinking fund

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. 49/168/120)

Consenting to the Raising of a Loan of £5,500 by the Henderson

Borough Council and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 17th day of

March 1953

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Henderson Borough Council (hereinafter

called the said local authority) is required by a

requisition issued under section 22 of the Health Act 1920,

to provide waterworks for the purpose of increasing the

supply of water available to the Borough of Henderson:

And whereas the said local authority proposes pursuant

to the terms of such aforesaid requisition to raise a loan of

five thousand five hundred pounds (£5,500) to be known as

‘Waterworks Additional Loan 1953’ (hereinafter called

the said loan):

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 for the

said purpose up to the amount of five thousand five hundred

pounds (£5,500), 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 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 hereof.

T. J. SHERRARD,

Clerk of the Executive Council.

(T. 49/405)

Declaring Portions of the Hukatere Farm Settlement Road in

the Patea County, to be County Road

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government Buildings at Wellington, this 24th day of

March 1953

Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL

PURSUANT to section 112 of the Public Works Act 1928,

His Excellency the Governor-General, acting by and with

the advice and consent of the Executive Council, hereby orders

and declares that the portions of road described in the

Schedule hereto shall, on and after the date of this Order in

Council, become county road.

SCHEDULE

ALL that portion of road in the Taranaki Land District, Patea

County, in Block VII, Carlyle Survey District, known as

Parsons Road, commencing at a point 1527·5 links south-east

of the northernmost corner of Section 144, Whenuakura

District, and proceeding generally in a westerly direction for

a total distance of 138 chains approximately, adjoining the

aforesaid Section 144 and Lot 3, D.P. 4108, passing through

part Lot 3, D.P. 3888, adjoining Sections 155 and 156,

Whenuakura District, and continuing through Sections 154

and 153, Whenuakura District, and terminating at the western

boundary of the last-mentioned Section.

And also all that portion of unnamed road in the Taranaki

Land District, Patea County, in Block VII, Carlyle Survey

District, commencing at the southern side of Hukatere Road

approximately 12 chains east of the western boundary of

Section 151, Whenuakura District, and proceeding in a south-

westerly direction for a total distance of 14½ chains approxi-

mately through the aforesaid Section 151, Whenuakura District,

and terminating at its western boundary.

As the same are more particularly delineated on the plan

marked P.W.D. 139774, 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. 38/712; D.O. 44/378)

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