Loan Determinations and Appointments




Varying the Determinations in Respect of Portion (£110,000) of
the Hawke's Bay Hospital Board's Loan of £220,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 23rd day of
September 1953
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 24th day of March
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 Hawke's Bay Hospital Board (hereinafter called the said
local authority) of a loan of two hundred and twenty thousand
pounds to be known as “Napier Hospital Chest Block 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 one hundred
and eighty thousand pounds (£180,000), and it is expedient to
cancel the determinations aforesaid in respect of a portion thereof
amounting to one hundred and ten thousand pounds (£110,000)
(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 or 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
    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 Second Column Amount First Column Half-year Second Column Amount
    1st .. .. £1,300 11th .. .. £1,600
    2nd .. .. £1,300 12th .. .. £1,600
    3rd .. .. £1,300 13th .. .. £1,600
    4th .. .. £1,400 14th .. .. £1,700
    5th .. .. £1,400 15th .. .. £1,700
    6th .. .. £1,500 16th .. .. £1,800
    7th .. .. £1,400 17th .. .. £1,800
    8th .. .. £1,500 18th .. .. £1,800
    9th .. .. £1,500 19th .. .. £1,800
    10th .. .. £1,600 20th .. .. £80,400
  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 pro-
    curation 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.
  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. 49/237/9)
    Varying the Determinations in Respect of Portion (£50,000)
    of the Hawke's Bay Hospital Board's Loan of £75,000
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government House at Wellington, this 23rd day of
    September 1953
    Present:
    HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
    WHEREAS by Order in Council made on the 1st day of
    April 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 Hawke's Bay Hospital
    Board (hereinafter called the said local authority) of an
    amount of fifty thousand pounds (£50,000) being portion of
    a loan of seventy-five thousand pounds (£75,000) known as
    “Nurses' Home Loan 1953” (hereinafter called the said
    loan):
    And whereas the said amount of fifty thousand pounds
    (£50,000) (hereinafter called the said sum) has not yet been
    raised and it is expedient to cancel the determinations aforesaid
    in respect of 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 determinations aforesaid
    in respect of the said sum and in lieu thereof makes the
    following determinations:
  8. The term for which the said sum or any part thereof
    may be raised shall not exceed 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 Second Column Amount First Column Half-year Second Column Amount
    1st .. .. £ 600 11th .. .. £ 700
    2nd .. .. £ 600 12th .. .. £ 700
    3rd .. .. £ 600 13th .. .. £ 800
    4th .. .. £ 700 14th .. .. £ 800
    5th .. .. £ 600 15th .. .. £ 800
    6th .. .. £ 700 16th .. .. £ 700
    7th .. .. £ 600 17th .. .. £ 800
    8th .. .. £ 700 18th .. .. £ 900
    9th .. .. £ 600 19th .. .. £ 700
    10th .. .. £ 800 20th .. .. £ 36,600
  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. 49/237/11)
    Members Appointed to Fortrose Public Hall Board
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government House at Wellington, this 7th day of
    October 1953
    Present:
    HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
    WHEREAS by an Order in Council dated the 17th day of
    May 1950, and published in the New Zealand Gazette
    of the 18th day of that month, the control of the land described
    in the Schedule to that document, being a reserve for a site
    for a public hall, was vested in certain persons therein named,
    who were by the said Order in Council constituted a special
    Board by the name of the Fortrose Public Hall Board,
    pursuant to section 17 of the Public Reserves and Domains
    Act 1928:
    And whereas it is desirable that Charles Edmond Frew
    and John Henry Ruddenklau should be appointed members
    of the said Board in place of Hugh Nisbet Andrew Chisholm
    and Charles Thomas Ruddenklau, resigned:
    Now, therefore, pursuant to section 17 of the Public
    Reserves and Domains Act 1928, His Excellency the Governor-
    General, acting by and with the advice and consent of the
    Executive Council, hereby appoints the said
    Charles Edmond Frew and
    John Henry Ruddenklau
    to be members of the Fortrose Public Hall Board, constituted
    by the Order in Council dated 17 May 1950 hereinbefore
    referred to, in place of the said Hugh Nisbet Andrew
    Chisholm and Charles Thomas Ruddenklau, resigned.
    T. J. SHERRARD,
    Clerk of the Executive Council.
    (L. and S. H.O. 22/3630/84; D.O. 8/159)


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💰 Varying the Determinations in Respect of Portion (£110,000) of the Hawke's Bay Hospital Board's Loan of £220,000

💰 Finance & Revenue
23 September 1953
Loan, Variation, Hawke's Bay Hospital Board, Napier Hospital Chest Block Loan 1951
  • C. W. M. Norrie, Governor-General
  • T. J. Sherrard, Clerk of the Executive Council

💰 Varying the Determinations in Respect of Portion (£50,000) of the Hawke's Bay Hospital Board's Loan of £75,000

💰 Finance & Revenue
23 September 1953
Loan, Variation, Hawke's Bay Hospital Board, Nurses' Home Loan 1953
  • C. W. M. Norrie, Governor-General
  • T. J. Sherrard, Clerk of the Executive Council

🏘️ Members Appointed to Fortrose Public Hall Board

🏘️ Provincial & Local Government
7 October 1953
Appointments, Fortrose Public Hall Board, Public Reserves and Domains Act 1928
  • Charles Edmond Frew, Appointed member of Fortrose Public Hall Board
  • John Henry Ruddenklau, Appointed member of Fortrose Public Hall Board
  • Hugh Nisbet Andrew Chisholm, Resigned from Fortrose Public Hall Board
  • Charles Thomas Ruddenklau, Resigned from Fortrose Public Hall Board

  • C. W. M. Norrie, Governor-General
  • T. J. Sherrard, Clerk of the Executive Council