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 respective sums by prescribing that in
lieu of the terms as specified in clause 1 of the said Orders
in Council, the terms for which the said respective sums or
any parts thereof may be raised shall not exceed ten (10)
years.

SCHEDULE

First Column
Name of Loan
Reticulation Loan 1951, £5,000
Load Control Equipment Loan 1952,
£13,500
Second Column
Amount Unraised
£
1,700
10,500

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/274/11 and 13)

Varying the Determinations in Respect of Portion (£150,000)
of the North Canterbury Hospital Board's Loan of
£372,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 9th day of
September 1953
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 12th day of
August 1953 (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 North Canterbury Hospital
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 two hundred and seventy-two
thousand pounds (£272,000) known as 'Loan No. 12 1953':
And whereas the said sum of one hundred and fifty
thousand pounds (£150,000) (hereinafter called the said
sum) has not yet been raised and it is expedient to vary
certain of the determinations aforesaid in respect thereof:
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 certain of the determinations
aforesaid in respect of the said sum by prescribing as follows:

1. In lieu of repayment by the half-yearly redemption of
   debentures of specified amounts, as specified in clause 3 of
   the said Order in Council, the said sum or any part thereof
   shall be repaid as follows:

(a) By twenty equal payments of three thousand pounds
(£3,000) each, 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.
(b) By a payment at the end of the tenth year from the
date of borrowing of the said sum of an amount
of ninety thousand pounds (£90,000).
2. In lieu of a rate not exceeding one-half per centum,
as specified in clause 6 of the said Order in Council, 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. 49/507/9)

Varying the Determinations in Respect of Portion (£3,000) of
the Newmarket Borough Council's Loan of £21,500

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 9th day of
September 1953
Present:
HIS EXCELLENcy THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 1st day of
March 1950 (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 Newmarket Borough Council
(hereinafter called the said local authority) of a loan of
twenty-one thousand five hundred pounds (£21,500) to be
known as 'Streets and Parks Improvement Loan 1949'
(hereinafter called the said loan):

And whereas portion of the said loan amounting to nine
thousand five hundred pounds (£9,500) has not been raised
and it is expedient to vary certain of the determinations in
respect of a portion thereof amounting to three thousand
pounds (£3,000) (hereinafter called 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 a term of twenty (20) years, as specified
   in clause 1 of the said Order in Council, the term for which
   the said sum of any part thereof may be raised shall not
   exceed fifteen (15) years.
2. In lieu of a rate of interest not exceeding three pounds
   five shillings (£3 5s.) per centum per annum, as specified in
   clause 2 of the said Order in Council, 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. In lieu of provision being made for the repayment of
   the said sum by establishing a sinking fund in respect thereof,
   as specified in clause 3 of the said Order in Council, 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 of fifteen (15) years.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/186/21)

Varying the Determinations in Respect of Portion (£80,000)
of the Dunedin City Council's Loan of £535,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 9th day of
September 1953
Present:
HIS EXCELLENcy THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 30th day of
July 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 Dunedin City Council (hereinafter
called the said local authority) of a loan of five hundred
and thirty-five thousand pounds (£535,000) to be known as
'Water Supply Loan 1951' (hereinafter called the said
loan):
And whereas the authority conferred by the said Order
in Council has not yet been exercised to the extent of four
hundred and thirty-five thousand pounds (£435,000) and it is
expedient to cancel the determinations aforesaid in respect
of a portion thereof amounting to eighty thousand pounds
(£80,000) (hereinafter called the said sum) and make new
determinations in lieu thereof:
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 cancels the aforesaid determinations
in respect of the said sum and in lieu thereof makes the
following determinations:

1. The term for which the said sum of any part thereof
   may be raised shall not exceed 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 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

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. 49/254/44)