Consenting to the Raising of a Loan of £20,000 by the
Waitaki Electric Power Board and Prescribing the
Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 31st day of
March 1954
Present:

WHEREAS the Waitaki Electric Power Board (hereinafter
called the said local authority) being desirous of raising
a loan of twenty thousand pounds to be known as 'Extension
Loan 1953' (hereinafter called the said loan) for the purpose
of further reticulating the Waitaki Electric Power District,
has 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 loan:

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 loan for the said purpose up to the amount of twenty
thousand pounds, 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 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
   per cent per annum.

3. The said local authority shall, before raising the said
   loan 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 cent which shall be not less than five pounds
   three shillings and eightpence, such payments to be made in
   respect of every part of the said loan 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 loan or any
   part thereof so raised.

4. The payment of interest and repayment of principal
   in respect of the said loan shall be made in New Zealand.

5. No amount payable as either interest or sinking fund
   in respect of the said loan shall be paid out of loan money.

6. 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 cent 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. 49/416/12)

Consenting to the Raising of a Loan of £1,600 by the
Roxburgh Borough Council and Prescribing the
Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 31st day of
March 1954
Present:

WHEREAS the Roxburgh Borough Council (hereinafter
called the said local authority) being desirous of
raising a loan of one thousand six hundred pounds to be
known as 'Fire Brigade Loan 1953' (hereinafter called
the said loan) for the purpose of purchasing a new fire
engine for the Roxburgh urban fire district, has 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 loan:

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 loan for the said purpose up to the
amount of one thousand six hundred pounds, 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 not exceed fifteen 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 per cent per annum.

3. The said loan or any part thereof shall be repaid
   by equal half-yearly instalments of principal extending
   over the term as determined in clause 1 hereof.

4. The payment of interest and the repayment of
   principal in respect of the said loan shall be made in New
   Zealand.

5. No amount payable either as interest or as principal
   in respect of the said loan shall be paid out of loan money.

6. 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 cent of any amount raised.

7. No money 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. 49/453/10)

Consenting to the Raising of a Loan of £1,666 by the Kumara
Borough Council and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 31st day of
March 1954
Present:

WHEREAS by Order in Council made on the 1st day of
November 1950 (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 by the Kumara Borough Council (hereinafter called
the said local authority) of a loan of one thousand six
hundred and sixty-six pounds to be known as 'Taramakau
River Bridge Loan 1950' (hereinafter called the said loan):
And whereas the authority conferred by the said Order
in Council has not yet been exercised:
And whereas the aforesaid authority has lapsed in accordance
with the provisions of clause 4 of the said Order in
Council and it is not now lawful or competent for the said
local authority to raise the said loan or any portion thereof
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 now desirous of
raising the said loan and it is expedient to authorize the
said local authority to raise the said loan or any portion
thereof 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 loan up to the amount of one thousand six
hundred and sixty-six pounds for the purpose for which the
said loan was authorized, 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 not exceed ten 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 three
   and one-half per cent 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 clause
   1 hereof.

4. No money 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. 49/537)

Revoking the Vesting in the Hillsborough Public Hall Board
of the Control of a Reserve for a Hall Site, North
Auckland Land District

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 31st day of
March 1954
Present:

WHEREAS the control of the land described in the
Schedule hereto was vested in the Hillsborough Public
Hall Board as a reserve for a hall site by an Order in
Council dated the 19th day of October 1949 and published
in the New Zealand Gazette of the 20th day of that month
pursuant to section 17 of the Public Reserves and Domains
Act 1928:
And whereas it is expedient that the said Order in
Council should be revoked:

Now, therefore, pursuant to subsection (2) of 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 revokes
the Order in Council hereinbefore referred to.