New Zealand Gazette – 1953 – No. 58

Page 1683

✨ Loan Consents

22 Oct.

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 OF REDEMPTIONS

First Column	Second	First Column	Second
Year	Amount	Year	Amount
--------------	--------	--------------	--------
1st	£2,700	9th	£3,700
2nd	£2,900	10th	£3,900
3rd	£2,900	11th	£4,100
4th	£3,100	12th	£4,200
5th	£3,200	13th	£4,400
6th	£3,400	14th	£4,600
7th	£3,500	15th	£4,800
8th	£3,600

The payment of interest and the redemptions in respect
of the said loan shall be made in New Zealand.
No amount payable either as interest or as a redemption
in respect of the said loan shall be paid out of loan
moneys.
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.
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. 49/197/19)

Consenting to the Raising of a Loan of £18,000 by the Lower
Hutt City Council and Prescribing the Conditions
Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 14th day of
October 1953
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Lower Hutt City Council (hereinafter called
the said local authority), being desirous of raising a
loan of eighteen thousand pounds (£18,000) to be known as
'Petone Overbridge Loan 1953' (hereinafter called the said
loan) for the purpose of meeting the said local authority's
share of the cost of the construction of a bridge over the
railway line at Petone, has complied with the provisions of
the Local Government Loans Board Act 1926 (hereinafter
called the said Act), 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 loan:
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
eighteen thousand pounds (£18,000), and in giving such
consent hereby determines as follows:

The term for which the said loan or any part thereof
may be raised shall be ten (10) years.
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.
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

First Column	Second	First Column	Second
Half-year	Amount	Half-year	Amount
--------------	--------	--------------	--------
1st	£100	11th	£100
2nd	£100	12th	£200
3rd	£100	13th	£100
4th	£100	14th	£200
5th	£200	15th	£100
6th	£100	16th	£200
7th	£100	17th	£200
8th	£200	18th	£100
9th	£100	19th	£200
10th	£200	20th	£15,300

The payment of interest and redemptions in respect of
the said loan shall be made in New Zealand.
No amount payable either as interest or as a redemption
in respect of the said loan shall be paid out of loan
moneys.
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.
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. 49/11/42)

The payment of interest and redemptions in respect of
the said loan shall be made in New Zealand.
No amount payable either as interest or as a redemption
in respect of the said loan shall be paid out of loan
moneys.
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.
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. 49/11/43)

Consenting to the Raising of a Loan of £25,000 by the Lower
Hutt City Council and Prescribing the Conditions
Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 14th day of
October 1953
Present:

WHEREAS the Lower Hutt City Council (hereinafter called
the said local authority), being desirous of raising a
loan of twenty-five thousand pounds (£25,000), to be known as
'Bus Station Site Loan 1953' (hereinafter called the said
loan) for the purpose of meeting the cost of acquisition of land
for a bus station site, has complied with the provisions of the
Local Government Loans Board Act 1926 (hereinafter called
the said Act), 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 loan:

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 twenty-five
thousand pounds (£25,000), and in giving such consent hereby
determines as follows:

The term for which the said loan or any part thereof
may be raised shall be ten (10) years.
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.
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

First Column	Second	First Column	Second
Half-year	Amount	Half-year	Amount
--------------	--------	--------------	--------
1st	£200	11th	£400
2nd	£300	12th	£300
3rd	£400	13th	£400
4th	£300	14th	£400
5th	£300	15th	£400
6th	£300	16th	£400
7th	£400	17th	£400
8th	£300	18th	£400
9th	£300	19th	£400
10th	£400	20th	£18,300

The payment of interest and redemptions in respect of
the said loan shall be made in New Zealand.
No amount payable either as interest or as a redemption
in respect of the said loan shall be paid out of loan
moneys.
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.
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. 49/11/42)

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VUW Te Waharoa — NZ Gazette 1953, No 58

NZLII — NZ Gazette 1953, No 58

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Consenting to the Raising of a Loan of £55,000 by the Christchurch Drainage Board and Prescribing the Conditions Thereof (continued from previous page)

Domain💰 Finance & Revenue
Dated14 October 1953
KeywordsLoan, Christchurch Drainage Board, Sewerage System, Redemption Schedule
👩‍💼 Officials

T. J. Sherrard, Clerk of the Executive Council

💰 Consenting to the Raising of a Loan of £18,000 by the Lower Hutt City Council and Prescribing the Conditions Thereof

Domain💰 Finance & Revenue
Dated14 October 1953
KeywordsLoan, Lower Hutt City Council, Petone Overbridge, Redemption Schedule
👩‍💼 Officials

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

💰 Consenting to the Raising of a Loan of £25,000 by the Lower Hutt City Council and Prescribing the Conditions Thereof

Domain💰 Finance & Revenue
Dated14 October 1953
KeywordsLoan, Lower Hutt City Council, Bus Station Site, Redemption Schedule
👩‍💼 Officials

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

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