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

First Column
Year
1st
2nd
3rd
4th
5th
6th
Second
Column
Amount
£
800
900
900
900
1,000
1,000

First Column
Year
7th
8th
9th
10th
11th
12th
Second
Column
Amount
£
1,000
1,000
1,100
1,100
1,100
1,200

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
   procuration 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. 49/415/15)

Consenting to the Raising of the Balance (£30,000) of the
Tauranga Electric-power Board's Loan of £130,000 and
Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 22nd day of
July 1953
Present:
His Excellency the Governor-General in Council
WHEREAS the Tauranga Electric-power Board (hereinafter
called the said local authority), being desirous of
raising a loan of one hundred and thirty thousand pounds
(£130,000) to be known as 'Electrical Extension Loan 1952'
(hereinafter called the said loan) for the purpose of further
reticulating the Tauranga Electric-power District (£100,000),
providing staff accommodation, and constructing and making
additions to various buildings (£30,000), has complied with
the provisions of the Local Government Loans Board Act 1926
(hereinafter called the said Act):
And whereas consent has been given to the raising of
portions of the said loan amounting in the aggregate to one
hundred thousand pounds (£100,000):
And whereas the said local authority is now desirous of
raising the balance of the said loan amounting to thirty
thousand pounds (£30,000) (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 thirty thousand
pounds (£30,000), 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 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
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
Second
Column
Amount
£
300
400
400
400
400
400
400
400
400
400

First Column
Half-year
11th
12th
13th
14th
15th
16th
17th
18th
19th
20th
Second
Column
Amount
£
400
400
400
500
400
500
500
500
500
22,000

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 redemption
   in respect of the said sum shall be paid out of loan moneys.
6. 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 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. 49/249/13)

Consenting to the Raising of the Balance (£3,600) of the
Pohangina County Council's Loan of £6,000 and
Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 22nd day of
July 1953
Present:
His Excellency the Governor-General in Council
WHEREAS by Order in Council made on the 11th day of
July 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
by the Pohangina County Council (hereinafter called the said
local authority) of a loan of six thousand pounds (£6,000)
to be known as 'Main Highways Bridges Additional Loan
1951' (hereinafter called the said loan):
And whereas the authority has lapsed in accordance with
the provisions of clause 4 of the said Order in Council and
it is not now lawful or competent for the said local authority
to raise the said loan or any portion thereof except in accordance with the provisions of a further Order in Council that
may be issued pursuant to section 11 of the Local Government
Loans Board Act 1926 (hereinafter called the said Act):
And whereas an amount of three thousand six hundred
pounds (£3,600) (hereinafter called the said sum) has not
yet been 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 consents
to the raising in New Zealand by the said local authority of
the said sum up to the amount of three thousand six hundred
pounds (£3,600) for the purpose for which the said loan was
authorized, 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 a rate exceeding four pounds (£4) per
   centum per annum.
3. The said sum or any part thereof, together with interest
   thereon, shall be repaid by equal aggregate annual instalments
   extending over the term as determined in 1 above.
4. 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. 49/443)

Consenting to the Raising of the Balance (£40,000) of the
Hawke's Bay Electric Power Board's Loan of £60,000
and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 29th day of
July 1953
Present:
His Excellency the Governor-General in Council
WHEREAS the Hawke's Bay Electric Power Board
(hereinafter called the said local authority) being
desirous of raising a loan of sixty thousand pounds (£60,000)
to be known as 'Reticulation Loan 1953' (hereinafter
called the said loan) for the purpose of further reticulating
the Hawke's Bay Electric Power District, has complied with
the provisions of the Local Government Loans Board Act 1926
(hereinafter called the said Act):
And whereas by Order in Council made on the 1st day of
July 1953 consent was given to the raising in the first instance
of portion of the said loan amounting to twenty thousand
pounds (£20,000):
And whereas the said local authority is now desirous of
raising the balance of the said loan amounting to forty
thousand pounds (£40,000) (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: