And whereas the said local authority is desirous of raising
in the first instance portion of the said loan amounting to
eighty-five thousand pounds (£85,000) (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
eighty-five thousand pounds (£85,000), 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 free of
   principal repayments during the first five years from the date
   of borrowing thereof and thereafter 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
Half-year
11th
12th
13th
14th
15th
Second Column
Amount
£
500
600
600
600
600
First Column
Half-year
16th
17th
18th
19th
20th
Second Column
Amount
£
600
700
600
700
79,500

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 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. 49/315/7)

Consenting to the Raising of a Loan of £1,200 by the Rawene
Town Board and Prescribing the Conditions thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 16th day of
November 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the Rawene Town Board (hereinafter called
the said local authority) proposes, pursuant to the
provisions of section 49 of the Fire Services Act 1949, to
borrow the sum of one thousand two hundred pounds (£1,200)
by a loan to be known as 'Fire Engine Loan 1953' (hereinafter called the said loan) for the purpose of meeting part of
the cost of a new fire-engine for the Rawene Volunteer Fire
Brigade:

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 by the said
local authority of the said loan for the said purpose up to
the amount of one thousand two hundred pounds (£1,200),
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 a rate 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
   instalments extending over the term as determined in 1 above.

4. 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. 49/810)

Consenting to the Raising of Loans or Balances Thereof by
the Napier City Council and Prescribing the Conditions
Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 16th day of
November 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS by Orders in Council made on the 13th day of
December 1950 and the 8th day of August 1951
respectively (hereinafter called the said Orders in Council),
consent was given to the raising by the Napier City Council
(hereinafter called the said local authority) of the respective
loans specified in the first column of the Schedule hereto,
subject to the determinations set forth in the said Orders in
Council:

And whereas in respect of the amounts of each such loan
the sums specified in the second column of the said Schedule
opposite such loans (hereinafter called the said respective sums)
have not yet been raised:

And whereas the authorities conferred by the said Orders
in Council have lapsed in accordance with the provisions of
clause 6 of the said Orders in Council and it is not now
lawful or competent for the said local authority to raise the
said respective sums except in accordance with the provisions
of a further Order in Council that may be issued pursuant to
section 11 of the Local Government Loans Board Act 1926
(hereinafter called the said Act):

And whereas the said local authority is desirous of
raising the said respective sums and it is expedient to authorize
the said local authority to raise the said respective sums on the
conditions hereinafter set out:

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 respective sums up to the amounts specified in the
second column of the said Schedule for the respective purposes
for which the said loans were authorized, and in giving such
consent hereby determines as follows:

1. The term for which the said respective sums or any
   parts thereof may be raised shall be ten (10) years.

2. The rate of interest that may be paid in respect of
   the said respective sums of any parts 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 local authority shall, before raising the said
   respective sums or any parts thereof, make provisions for the
   repayment thereof by establishing sinking funds under the
   Local Bodies' Loans Act 1926 or under such other statutory
   enactment as may be applicable, and shall thereafter make
   payments to such sinking funds at intervals of not more than
   one year, at a rate or rates per centum which shall be not
   less than the respective rates stated in the third column of the
   said Schedule, such payments to be made in respect of every
   part of the said respective sums for the time being so borrowed
   and not repaid, the first such payment in each respective case
   to be made not later than one year after the first day from
   which interest to the lender or lenders is computed on the
   said respective sums or any parts thereof so raised.

4. No amount payable as either interest or sinking fund
   in respect of the said respective sums shall be paid out of
   loan moneys.

5. The payment of interest and repayment of principal in
   respect of the said respective sums shall be made in New
   Zealand.

6. The rate payable for brokerage, underwriting, and
   procuration fees in respect of the raising of the said
   respective sums or any parts 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.

SCHEDULE

First Column
Name of Loan
Streets Loan 1950, £11,400
Marewa Streets Loan 1951, £31,000
Second Column
Amount of Loan
£
4,000
6,000
Third Column
Rate of Sinking Fund
£ s. d.
3 12 7
3 12 7

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/147/40 and 43)