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 for the said purpose up to the amount of one
hundred and fifteen thousand pounds (£115,000) 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 not exceed 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 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 OF REDEMPTIONS

4. The payment of interest and the redemptions in respect
   of the said loan shall be made in New Zealand.

5. No amount payable either as interest or as a redemption
   in respect of the said loan 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 loan
   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. 49/132/11)

Consenting to the Raising of the Balance (£25,000) of the
Ellerslie Borough Council's Loan of £50,000 and
Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 30th day of
September 1953
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Ellerslie Borough Council (hereinafter
called the said local authority), being desirous of
raising a loan of fifty thousand pounds (£50,000) to be
known as 'Streets Construction and Improvements Loan
1952' (hereinafter called the said loan) for the purpose of
constructing and improving streets and footpaths, including
kerbing and channelling and stormwater drainage, 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 19th day
of November 1952 consent was given to the raising of portion
of the said loan amounting to twenty-five thousand pounds
(£25,000):

And whereas the said local authority is now desirous of
raising the balance of the said loan amounting to twenty-five
thousand pounds (£25,000) (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 twenty-five
thousand pounds (£25,000), 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

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. 49/375)

Consenting to the Raising of a Loan of £14,500 by the
Hokitika Borough Council and Prescribing the Conditions
Thereof

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 the Hokitika Borough Council (hereinafter
called the said local authority) proposes, pursuant to
the terms of a requisition issued under section 22 of the
Health Act 1920, to raise a loan of fourteen thousand five
hundred pounds (£14,500) to be known as 'Supplementary
Waterworks Loan 1952' (hereinafter called the said loan)
for the purpose of completing the provision of waterworks
including the installation of a water main from Lake Kanieri
to the Hokitika Borough water reticulation system, the
construction of a new water reservoir, and the lining of the
existing water reservoir:

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 loan for the
said purpose up to the amount of fourteen thousand five
hundred pounds (£14,500), 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 not exceed twenty (20) 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, 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 loan
   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.