5 Nov.] THE NEW ZEALAND GAZETTE 1763

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 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. 49/254/36)

Varying the Determinations in Respect of the Balance (£46,000)
of the Northland Hospital Board’s Loan of £76,000

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 28th day of
October 1953

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 30th day of
July 1952 (hereinafter called the said Order in Council)
and subject to the determinations as to borrowing and repay-
ment therein set out, consent was given to the raising in New
Zealand by the Northland Hospital Board (hereinafter called
the said local authority) of a loan of seventy-six thousand
pounds (£76,000) to be known as “Kawakawa Hospital
Extension Loan 1952” (hereinafter called the said loan):

And whereas portion of the said loan amounting to forty-
six thousand pounds (£46,000) (hereinafter called the said
sum) has not yet been raised and it is expedient to vary
certain of the determinations aforesaid in respect of the said
sum:

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 varies the determinations aforesaid
in respect of the said sum by prescribing that in lieu of a
rate of interest not exceeding three pounds five shillings
(£3 5s.) per centum per annum, as specified in clause 2 of the
said Order in Council, 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.

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

(T. 49/777/3)

Varying the Determinations in Respect of Portion (£50,000) of the
Auckland City Council’s Loan of £300,000

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 28th day of
October 1953

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 2nd day of Sep-
tember 1953 (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 Auckland City Council (hereinafter called the said local
authority) of a loan of three hundred thousand pounds (£300,000)
to be known as “Works Depot Loan 1953” (hereinafter called the
said loan):

And whereas the authority conferred by the said Order in Council
has not yet been exercised and it is expedient to cancel the determi-
nations aforesaid in respect of a portion of the said loan amounting
to fifty thousand pounds (£50,000) (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

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 procura-
   tion 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. 49/121/82)

Varying the Determinations in Respect of Portion (£25,000)
of the Waitomo Electric Power Board’s Loan of £40,000

C. W. M. NORRIE, Governor-General

ORDER IN COUNCIL

At the Government House at Wellington, this 28th day of
October 1953

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 15th day of
July 1953 (hereinafter called the said Order in Council)
and subject to the determinations as to borrowing and repay-
ment therein set out, consent was given to the raising in New
Zealand by the Waitomo Electric Power Board (herein-
after called the said local authority) of the sum of twenty-
five thousand pounds (£25,000) (hereinafter called the said
sum) being portion of a loan of forty thousand pounds
(£40,000) known as “Reticulation Loan 1953”:

And whereas the authority conferred by the said Order
in Council has not been exercised 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:

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 shall be repaid as follows:

(a) By nineteen equal payments of five hundred pounds
(£500) each, 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.

(b) By a payment at the end of the tenth year from the
date of borrowing of the said sum of an amount of
fifteen thousand five hundred pounds (£15,500).

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. 49/176/16)