Consenting to the Raising of a Loan of £11,500 by the
Richmond Borough Council and Prescribing the Conditions
Thereof

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
WHEREAS by Order in Council made on the 6th day of
June 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
Richmond Borough Council (hereinafter called the said local
authority) of a loan of eleven thousand five hundred pounds
(£11,500) to be known as ‘Bituminous Sealing Loan 1950’
(hereinafter called the said loan):
And whereas the said loan has not yet been raised:
And whereas the authority conferred by the said Order in
Council has now lapsed in accordance with the provisions of
clause 6 thereof 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 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 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 up to the amount of eleven thousand five
hundred pounds (£11,500) 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 loan 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 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 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
   Second Column
   Amount
   £
   1,000
   1,000
   1,000
   1,100
   1,100
   First Column
   Year
   6th
   7th
   8th
   9th
   10th

Second Column
Amount
£
1,100
1,200
1,200
1,300
1,500

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. 49/131/8)
   Consenting to the Raising of the Balance (£12,200) of the
   Hamilton City Council’s Loan of £20,000 and Prescribing
   the Conditions Thereof
   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
   WHEREAS the Hamilton City Council (hereinafter called
   the said local authority) being desirous of raising a
   loan of twenty thousand pounds (£20,000) to be known as
   ‘Domains Improvement Loan 1952’ (hereinafter called the
   said loan) for the purpose of undertaking improvements at
   Seddon Park, Galloway Park, and the Lake Domain 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 13th day
   of April 1953 consent was given to the raising in the first
   instance of portion of the said loan amounting to seven
   thousand eight hundred pounds (£7,800):
   And whereas the said local authority is now desirous of
   raising the balance of the said loan amounting to twelve
   thousand two hundred pound (£12,200) (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 twelve
   thousand two hundred pounds (£12,200), and in giving such
   consent hereby determines as follows:
8. The term for which the said sum or any part thereof
   may be raised shall be ten (10) years.
9. 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.
10. 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
    £
    200
    200
    300
    200
    300
    200
    300
    300
    200
    300
    First Column
    Half-year
    11th
    12th
    13th
    14th
    15th
    16th
    17th
    18th
    19th
    20th
    Second Column
    Amount
    £
    300
    300
    300
    300
    300
    300
    400
    300
    300
    6,900
11. The payment of interest and redemptions in respect of
    the said sum shall be made in New Zealand.
12. No amount payable either as interest or as a
    redemption in respect of the said sum shall be paid out of
    loan moneys.
13. 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.
14. 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. 49/307/41)
    Consenting to the Raising of the Balance (£10,000) of the
    Hamilton City Council’s Loan of £15,000 and Prescribing
    the Conditions Thereof
    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
    WHEREAS by Order in Council made on the 25th 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
    Hamilton City Council (hereinafter called the said local
    authority) of a loan of fifteen thousand pounds (£15,000) to
    be known as ‘Old City Sewer Loan 1951’ (hereinafter called
    the said loan):
    And whereas portion of the said loan amounting to ten
    thousand pounds (£10,000) (hereinafter called the said sum)
    has not yet been raised:
    And whereas the authority conferred by the said Order in
    Council has now lapsed in accordance with the provisions of
    clause 6 thereof 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
    hereinafter set out: