1312

Varying a Condition as to Setting Back the Building Line

of Burrett Avenue, off Wall Road, in the Borough of
One Tree Hill, Imposed by Order in Council Under
Section 117 of the Public Works Act 1908

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 12th day of
August 1953
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
Pursuant to section 27 of the Public Works Amendment
Act 1948, His Excellency the Governor-General, acting
by and with the advice and consent of the Executive Council,
hereby amends the Order in Council dated 20th day of April
1926, published in the New Zealand Gazette No. 26 of the
29th day of the same month at page 1101, and deposited
in the Land Registry Office at Auckland as No. 6424, exempt-
ing the unnamed street described in the Schedule to the said
Order in Council, by varying the condition with regard to
the building line imposed by the said Order in Council so
that no building or part of a building shall at any time
be erected on Lot 16, D.P. 19321, being part of the land
adjoining the said unnamed street described in the said
Order in Council, within a distance of 28 ft. from the
centre line of the said unnamed street.

T. J. SHERRARD,
Clerk of the Executive Council.
(P.W. 51/914; D.O. 27/31/179)

Authorizing the Laying-off of a Street off Maui Road in the

Borough of New Lynn, Subject to a Condition as to the
Building Line

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 12th day of
August 1953
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
Pursuant to section 31 of the Municipal Corporations
Amendment Act 1948 and section 125 of the Public Works
Act 1928, His Excellency the Governor-General, acting by and
with the advice and consent of the Executive Council, hereby
authorizes the New Lynn Borough Council to lay off the
proposed street described in the Schedule hereto at a width
for the whole of its length of less than 66 ft. but not less than
50 ft. subject to the condition that no building or part of a
building shall at any time be erected on the land fronting
the proposed street within a distance of 48 ft. from the centre
line of the said street.

SCHEDULE
THAT proposed street in the North Auckland Land District,
Borough of New Lynn, containing by admeasurement 1 rood
36.1 perches, more or less, being part Lot 18, D.P. 25497, being
part Allotment 272, Parish of Waikomiti.
As the same is more particularly delineated on the plan
marked P.W.D. 135862, 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. 51/3381; D.O. 27/31/126)

Consenting to the Raising of the Balance (£6,500) of the

Otamatea County Council's Loan of £10,000 and Prescribing
the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 3rd day of
August 1953
Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the 4th 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
Otamatea County Council (hereinafter called the said local
authority) of a loan of ten thousand pounds (£10,000) to be
known as 'No. 4 Bridge Rate Loan 1951' (hereinafter called
the said loan):
And whereas the authority conferred by the said Order in
Council has not been exercised to the extent of six thousand
five hundred pounds (£6,500) (hereinafter called the said
sum):
And whereas the authority has lapsed in accordance with
the provisions of clause 6 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 the said local authority is now desirous of
raising the said sum and it is expedient to authorize the said
local authority to raise the said sum on the conditions hereina-
after set out:

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 six thousand five hundred pounds
(£6,500) 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 twenty-five (25) 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, together with
   interest thereon, shall be repaid by equal aggregate annual or
   half-yearly instalments extending over the term as determined
   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 sum 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. 49/344/4)

Consenting to the Raising of Portion (£10,000) of the Lower

Hutt City Council's Loan of £280,000 and Prescribing the
Conditions thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 3rd day of
August 1953
Present:

THE HON. K. J. HOLYOAKE PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the 17th day of
February 1953 and subject to the determinations as to
borrowing and repayment therein set out, consent was given
to the raising in New Zealand by the Lower Hutt City Council
(hereinafter called the said local authority) of an amount of
one hundred and fourteen thousand pounds (£114,000) being
portion of a loan of two hundred and eighty thousand pounds
(£280,000) known as 'Town Hall and Administrative Building
Amalgamated Loan 1953' (hereinafter called the said loan):
And whereas the said local authority is now desirous of
raising a further portion of the said loan amounting to ten
thousand pounds (£10,000) (hereinafter called the said sum),
and it is expedient to authorize the said local authority to raise
the said sum 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 sum up to the
amount of ten thousand pounds (£10,000), 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 shall be repaid as follows:
   (a) By twenty equal payments of three hundred and
   eighteen pounds four shillings and eightpence
   (£318 4s. 8d.), one of such payments to be made at
   the end of every half-year commencing from the
   date on which the said sum is raised. Each such
   half-yearly payment shall be applied firstly in pay-
   ment of interest computed at the rate of four
   pounds (£4) per centum per annum on the amount
   of principal for the time being outstanding at the
   beginning of each such half-year, and the balance
   of such half-yearly payment in reduction of
   principal.
   (b) By a payment at the end of the tenth year from the
   date of the raising of the said sum of an amount
   equal to the amount to which the said principal has
   been reduced in accordance with the preceding
   paragraph (a) hereof after payment of the afore-
   said twenty half-yearly payments.

4. The payments referred to in clause 3 hereof shall be
   made in New Zealand and no such payment shall be made out
   of loan moneys.

5. 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.

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. 49/11/34)