18 FEB.] THE NEW ZEALAND GAZETTE 257

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 House at Wellington, this 10th day of February 1954
Present:
His Excellency the Governor-General 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 procuration 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 Land Being Taken for Soil-conservation and River-control Purposes in Block I, Turanganui Survey District,
Cook County

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 16th day of February 1954
Present:
THE RIGHT HON. K. J. HOLYOAKE PRESIDING IN COUNCIL

PURSUANT to the Public Works Act 1928, His Excellency the Governor-General, acting by and with the advice and consent
of the Executive Council, hereby consents to the land described in the Schedule hereto being taken for soil-conservation
and river-control purposes.

SCHEDULE

Situated in Block I, Turanganui Survey District (Gisborne R.D.).

In the Gisborne Land District; as the same are more particularly delineated on the plans marked and coloured as above
mentioned, and deposited in the office of the Minister of Works at Wellington.

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

(P.W. 96/197000/0; D.O. 6/6/2/4)