raising in New Zealand by the said local authority of the said
sum up to the amount of fifteen thousand pounds (£15,000)
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 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 exceeding four pounds
   (£4) per centum per annum.

3. The said sum shall be repaid as follows:
   (a) By twenty equal payments of four hundred and
   seventy-seven pounds seven shillings (£477 7s.)
   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 pay-
   ment shall be applied firstly in payment 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. 49/137/19)

Consenting to the Raising of Portion (£190,000) of the
Wellington Hospital Board's Loan of £380,000 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 Wellington Hospital Board (hereinafter
called the said local authority), being desirous of
raising a loan of three hundred and eighty thousand pounds
(£380,000) to be known as ‘Nurses’ Home, Wellington,
No. 3 Block Loan 1953’ (hereinafter called the said loan)
for the purpose of erecting a new block to accommodate nurses
and providing for access roads and incidental expenditure, has
complied with the provisions of the Local Government Loans
Board Act 1926 (hereinafter called the said Act):

And whereas the said local authority is desirous of raising
in the first instance portion of the said loan amounting to one
hundred and ninety thousand pounds (£190,000) (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 one
hundred and ninety thousand pounds (£190,000), 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

| First Column | Second | First Column | Second |
| Half-year | Amount | Half-year | Amount |
| --- | --- | --- | --- |
| £ | £ | £ | £ |
| 1st ... ... | 3,100 | 11th ... ... | 3,800 |
| 2nd ... ... | 3,200 | 12th ... ... | 3,900 |
| 3rd ... ... | 3,300 | 13th ... ... | 4,000 |
| 4th ... ... | 3,300 | 14th ... ... | 4,100 |
| 5th ... ... | 3,400 | 15th ... ... | 4,200 |
| 6th ... ... | 3,500 | 16th ... ... | 4,200 |
| 7th ... ... | 3,500 | 17th ... ... | 4,300 |
| 8th ... ... | 3,700 | 18th ... ... | 4,400 |
| 9th ... ... | 3,600 | 19th ... ... | 4,500 |
| 10th ... ... | 3,800 | 20th ... ... | 118,200 |

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 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. 49/157/17)

Taking Land for Public Purposes at Manihiki (Cook Islands)
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
PURSUANT to section 357 of the Cook Islands Act 1915,
His Excellency the Governor-General, acting by and with
the advice and consent of the Executive Council, hereby takes
the land described in the Schedule hereto for the following
public purposes, namely, education.

SCHEDULE

All that parcel of land situated in the District of Tauhunu
in the Island of Manihiki, Cook Islands, containing 1 acre and
19 perches, more or less, being all the land named by the
Native Land Court Matakura Section 14, Manihiki, as the
same is delineated and edged red on the plan signed by the
Resident Commissioner of Rarotonga and deposited in the
office of the Registrar of the High Court of the Cook Islands
at Rarotonga under No. 55.

T. J. SHERRARD,
Clerk of the Executive Council.

Partial Revocation of Order in Council Vesting Land Owned by
Maoris in a Maori Land Board for Non-payment of Rates
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
PURSUANT to section 63 of the Maori Purposes Act 1931,
His Excellency the Governor-General, acting by and with
the advice and consent of the Executive Council, hereby revokes
the Order in Council referred to in Part I of the Schedule
hereto, in so far as it affects the land mentioned in Part II of
the said Schedule.

SCHEDULE
PART I
Order in Council under section 32 of the Maori Land Amend-
ment and Maori Land Claims Adjustment Act 1928, made on
the 5th day of December 1929 and published in New Zealand
Gazette No. 83 of 12 December 1929 at page 3230.

PART II
Block
Makuratawhiti 100
Otaki Lot 110A
Haruatai 12B 2A
Pahianui 3A 1A

A. R. P.
1 1 27.2
0 0 31.5
2 0 24
0 1 0

T. J. SHERRARD,
Clerk of the Executive Council,
(M.A. 20/1/37)