202

THE NEW ZEALAND GAZETTE

[No. 8

Consenting to the Raising of Loans by Certain Local Authorities and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 3rd day of February 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans stated opposite their names therein, have respectively 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 loans:
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 respective local authorities mentioned in the first column of the said Schedule of the respective loans set out in the second column of the said Schedule, up to the respective amounts specified in the third column of the said Schedule, and in giving such consent hereby determines as follows:

1. The terms for which the said loans or any parts thereof may be raised shall not exceed the respective terms (in years)
   stated in the fourth column of the said Schedule.
2. The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the fifth column
   of the said Schedule.
3. The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annual or half-yearly instalments extending over the respective terms as determined in 1 above.
4. The payment of such instalments shall be made in New Zealand, and no such instalment shall be paid out of loan-moneys.
5. The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said respective loans or any parts 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.

SCHEDULE

(T. 40/416/6)

Consenting to the Advancing by the Matamata County Council of the Sum of £1,800 out of its County Fund and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 3rd day of February 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the 17th day of October 1951 (hereinafter called the said Order in Council) consent was given to the advancing by the Matamata County Council (hereinafter called the said local authority) out of its County Fund, pursuant to the provisions of section 45 of the Finance Act 1933 (No. 2) for the particular benefit of the ratepayers of the Tokoroa Fire Services Special Rating Area, of an amount of one thousand five hundred pounds (£1,500):
And whereas the authority conferred by the said Order in Council has not yet been exercised:
And whereas the said local authority, being desirous of advancing a further amount of three hundred pounds (£300) out of its County Fund, pursuant to the provisions of the said section 45, for the works for which the advance of one thousand five hundred pounds (£1,500) was authorized, 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 advancing the said amounts of one thousand five hundred pounds (£1,500) and three hundred pounds (£300) in one sum of one thousand eight hundred pounds (£1,800) (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 advancing 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 advancing by the said local authority out of its County Fund, pursuant to the provisions of section 45 of the Finance Act 1933 (No. 2) for the particular benefit of the ratepayers of the said Tokoroa Fire Services Special Rating Area of the said sum or any part thereof, and in giving such consent hereby determines that the moneys so advanced, together with interest thereon at such rate not exceeding four pounds (£4) per centum per annum as the said local authority shall from time to time determine, shall be recouped to the County Fund by equal aggregate annual or half-yearly instalments extending over a period not exceeding fifteen (15) years.
T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/129/12)

Declaring the Mahuta Farm Settlement Road in the Hobson County, to be County Road

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 11th day of February 1953
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
PURSUANT to section 112 of the Public Works Act 1928, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby orders and declares that the portions of road described in the Schedule hereto shall, on and after the date of this Order in Council, become county road.

SCHEDULE

ALL that portion of road in the North Auckland Land District, Hobson County, situated in Block I, Kopuru Survey District, commencing at the north-western corner of Section 17, Block I, Kopuru Survey District, and proceeding thence in a south-easterly direction generally for a distance of approximately 46 chains. As the same is more particularly delineated on the plan marked P.W.D. 139345, deposited in the office of the Minister of Works at Wellington, and thereon coloured red and marked A-B.
Also all that portion of road in the said land district and county, situated in Block I, Kopuru Survey District, commencing at the north-eastern corner of Section 21, Block I, Kopuru Survey District, and proceeding thence in a south-easterly direction generally for a distance of approximately 49 chains. As the same is more particularly delineated on the plan marked P.W.D. 139346, deposited in the office of the Minister of Works at Wellington, and thereon coloured red and marked C-D.
Also all that portion of road in the said land district and county, situated in Block I, Kopuru Survey District, commencing at the most northerly corner of Section 25, Block I, Kopuru Survey District, and proceeding thence in a south-easterly direction generally for a distance of approximately 135 chains. As the same is more particularly delineated on the plan marked P.W.D. 139347, deposited in the office of the Minister of Works at Wellington, and thereon coloured red and marked E-F.
T. J. SHERRARD,
Clerk of the Executive Council.
(P.W. 33/2112; D.O. 50/22/71)