Varying the Determinations in Respect of Portion (£2,500)
of the Riccarton Borough Council's Loan of £8,500

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 15th day of
December 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the 10th day of
June 1952 and subject to the determinations as to
borrowing and repayment therein set out, consent was given
to the raising in New Zealand by the Riccarton Borough
Council (hereinafter called the said local authority) of a
loan of eight thousand five hundred pounds (£8,500) to be
known as 'Workers' Dwellings Loan 1952' (hereinafter
called the said loan):
And whereas by Order in Council made on the 17th day
of September 1952 certain of the determinations aforesaid
were varied in respect of portion of the said loan amounting
to two thousand two hundred pounds (£2,200):

And whereas the said loan has not yet been raised and it
is expedient to cancel the determinations aforesaid in respect
of a portion of the said loan amounting to two thousand five
hundred pounds (£2,500) (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 local authority shall, before raising the said
   sum or any part thereof, make provision for the repayment
   thereof by establishing a sinking-fund 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-fund at intervals of not more than one year at
   a rate or rates per centum which shall be not less than three
   pounds fourteen shillings and fivepence (£3 14s. 5d.), such
   payments to be made in respect of every part of the said
   sum for the time being so borrowed and not repaid, the first
   such payment 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 sum or any part thereof so raised.
4. The payment of interest and repayment of principal
   in respect of the said sum shall be made in New Zealand.
5. No amount payable as either interest or sinking-fund
   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. 49/289/8)

Varying the Determinations in Respect of the Waipa County
Council's Loan of £7,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 15th day of
December 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS by Order in Council made on the 30th day of
September 1953 and subject to the determinations as to
borrowing and repayment therein set out, consent was
given to the raising in New Zealand by the Waipa County
Council (hereinafter called the said local authority) of a
loan of seven thousand pounds (£7,000) to be known as
'Sandwich Road Water Supply Special Area Loan 1953'
(hereinafter called the said loan):
And whereas by Order in Council made on the 14th day
of October 1953 the determinations aforesaid were cancelled
in respect of the said loan and new determinations made in
lieu thereof:
And whereas the said loan has still not yet been raised and
it is expedient to cancel the determinations in respect of the said
loan as made by the aforesaid Orders in Council 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 afore-
said in respect of the said loan and in lieu thereof makes
the following determinations:

1. The term for which the said loan or any part thereof
   may be raised shall not exceed twenty (20) 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, together with
   interest thereon, shall be repaid by equal aggregate annual
   or half-yearly instalments extending over the term as deter-
   mined in 1 above.
4. The payment of such instalments shall be made in
   New Zealand and no such instalments shall be paid out of
   loan moneys.
5. 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 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.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/155/63)

Vesting the Control of a Reserve in the Auckland
Kindergarten Association, Incorporated

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 15th day of
December 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the land described in the Schedule hereto has
been duly set apart as a reserve for a kindergarten site:
And whereas it is expedient that the control of the
said reserve should be vested in the Auckland Kindergarten
Association, Incorporated:
Now, therefore, pursuant to section 17 of the Public
Reserves and Domains Act 1928, His Excellency the Governor-
General, acting by and with the advice and consent of the
Executive Council, hereby vests the control of the said reserve
in the Auckland Kindergarten Association, Incorporated.

SCHEDULE
NORTH AUCKLAND LAND DISTRICT
Lot 21, Deposited Plan No. 37871, being part Allotment 14,
Parish of Takapuna, situated in Block XII, Waitemata
Survey District: Area, 1 rood 15.6 perches, more or less.
Subject to the reservations and conditions imposed by section
59 of the Land Act 1948.

T. J. SHERRARD,
Clerk of the Executive Council.
(L. and S. H.O. 6/6/1184; D.O. 8/1600)

Vesting the Control of a Reserve in the Auckland Kindergarten
Association, Incorporated

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 15th day of
December 1953
Present:
THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the land described in the Schedule hereto has
been duly set apart as a reserve for a kindergarten site:
And whereas it is expedient that the control of the said reserve
should be vested in the Auckland Kindergarten Association, In-
corporated :
Now, therefore, pursuant to section 17 of the Public Reserves
and Domains Act 1928, His Excellency the Governor-General,
acting by and with the advice and consent of the Executive Council,
hereby vests the control of the said reserve in the Auckland Kinder-
garten Association, Incorporated.

SCHEDULE
NORTH AUCKLAND LAND DISTRICT
Lot 185, Deposited Plan No. 37882, being part Allotment 15,
Section 12, Suburbs of Auckland, situated in Block I, Otahuhu
Survey District: Area, 1 rood 27 perches, more or less. Subject
to the reservations and conditions imposed by section 59 of the
Land Act 1948.

T. J. SHERRARD,
Clerk of the Executive Council.
(L. and S. H.O. 6/6/1132; D.O. E.R. 104)