Consenting to the Raising of a Loan of £35,000 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 thirty-five thousand pounds (£35,000) to be known as
"Streets Extension and Widening Loan (No. 5) 1953")
(hereinafter called the said loan) for the purpose of meeting
purchase money, compensation, and expenditure in relation to
the purchase of properties for the extension and widening of
streets and works directly incidental thereto, 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 ll 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
thirty-five thousand pounds (£35,000), 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 be 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
   First Column Second First Column Second
   Half-year Amount Half-year Amount
   £ £
   1st 400 11th 500
   2nd 400 12th 500
   3rd 400 13th 500
   4th 500 14th 600
   5th 400 15th 500
   6th 500 16th 600
   7th 400 17th 500
   8th 500 18th 600
   9th 500 19th 600
   10th 500 20th 25,600
4. The payment of interest and 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-
   quartes 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. 49/11/42)
   Consenting to the Raising of Portion (£35,000) of the Lower
   Hutt City Council's Loan of £48,000 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 forty-eight thousand pounds (£48,000) to be known
   as "Community Centres (Baths No. 2) Loan 1952" (herein-
   after called the said loan) for the purpose of meeting part of
   the cost of providing a swimming pool at Naenae as part
   of the Community Centre Scheme, 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
   thirty-five thousand pounds (£35,000) (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
   thirty-five thousand pounds (£35,000), and in giving such
   consent hereby determines as follows:
8. The term for which the said sum or any part thereof
   may be raised shall be 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 Second First Column Second
    Half-year Amount Half-year Amount
    £ £
    1st 300 11th 400
    2nd 300 12th 400
    3rd 300 13th 400
    4th 300 14th 400
    5th 400 15th 400
    6th 300 16th 400
    7th 300 17th 400
    8th 400 18th 400
    9th 300 19th 500
    10th 400 20th 28,000
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-
    quartes 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. 49/11/40)
    Consenting to the Raising of a Loan of £60,000 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 sixty thousand pounds (£60,000) to be known as
    "Streets Extension and Widening Loan (No. 4) 1953")
    (hereinafter called the said loan) for the purpose of meeting
    purchase money, compensation, and expenditure in relation to
    the purchase of properties for the extension and widening of
    streets and works directly incidental thereto, 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 sixty thousand
    pounds (£60,000), and in giving such consent hereby
    determines as follows:
15. The term for which the said loan or any part thereof
    may be raised shall be six (6) years.
16. 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.
17. 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.