620
THE NEW ZEALAND GAZETTE
[No. 25

SCHEDULE

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 money.

6. The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said sum 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. 49/334/13)

Consenting to the Raising of the Balance (£20,000) of the Auckland Hospital Board’s Loan of £56,000 and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 14th day of April 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Auckland Hospital Board (hereinafter called the said local authority) being desirous of raising a loan of fifty-six thousand pounds to be known as “Therapy Block Loan 1953” (hereinafter called the said loan) for the purpose of making alterations to provide improved accommodation for X-ray Therapy and Physiotherapy in the Therapy Block at Auckland Hospital, has complied with the provisions of the Local Government Loans Board Act 1926 (hereinafter called the said Act):

And whereas by Order in Council made on the 23rd day of September 1953 consent was given to the raising in the first instance of portion of the said loan amounting to thirty-six thousand pounds:

And whereas the said local authority is now desirous of raising the balance of the said loan amounting to twenty thousand pounds (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 twenty thousand pounds, 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 not exceed ten 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 per cent per annum.

3. The said sum or any part thereof shall be repaid as follows:

(a) By twenty equal payments of four hundred pounds each, one of such payments to be made at the end of every half-year commencing from the date on which the said sum is raised.

(b) By a payment at the end of the tenth year from the date of the raising of the said sum of an amount of twelve thousand pounds.

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 either as interest or as principal shall be paid out of loan money.

6. The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said sum or any part thereof shall not in the aggregate exceed three-quarters 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. 49/396/11)

Varying the Determinations in Respect of the Balance (£6,700) of the Manawatu County Council’s Loan of £10,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 14th day of April 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 11th day of September 1940 (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 in New Zealand by the Manawatu County Council (hereinafter called the said local authority) of a loan of ten thousand pounds to be known as “Rural Housing Loan 1940” (hereinafter called the said loan):

And whereas the authority conferred by the said Order in Council has not been exercised to the extent of six thousand seven hundred pounds (hereinafter called the said sum) and it is expedient to vary certain of the determinations aforesaid in respect of the said sum:

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 varies certain of the determinations aforesaid in respect of the said sum by prescribing that in lieu of a rate of interest not exceeding three pounds per cent per annum, as specified in clause 2 of the said Order in Council, 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 three and one-half per cent per annum.

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

(T. 40/353/6)

Cancelling a Condition as to Setting Back the Building Line of Alexander Avenue off Great South Road, in the Borough of Papatoetoe, Imposed by Order in Council Under Section 125 of the Public Works Act 1928

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL

At the Government House at Wellington, this 14th day of April 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

PURSUANT to section 27 of the Public Works Amendment Act 1948, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby amends the Order in Council dated the 20th day of March 1951, published in the New Zealand Gazette No. 23 of the 21st day of the same month at page 409, and deposited in the Land Registry Office at Auckland as No. 13208, authorizing the laying-off of the street described in the Schedule to the said Order in Council, by cancelling the condition with regard to the building line imposed by the said Order in Council on Lots 9 and 10 shown on the plan marked P.W.D. 133707, referred to in the said Order in Council, from the north-eastern boundary of the said Lots 9 and 10.

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

(P.W. 51/3376; D.O. 27/31/138)