942
THE NEW ZEALAND GAZETTE
[No. 35

Varying the Determinations in Respect of the Balance (£20,000) of the Wairarapa Electric Power Board’s Loan of £100,000

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

At the Government House at Auckland, this 24th day of May 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 10th day of March 1954 (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 Wairarapa Electric Power Board (hereinafter called the said local authority) of the sum of twenty thousand pounds (hereinafter called the said sum), being the unraised balance of a loan of one hundred thousand pounds known as Reticulation Extension Loan 1952:

And whereas the authority conferred by the said Order in Council has not yet been exercised and it is expedient to cancel the determinations aforesaid in respect of 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 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 shall be repaid as follows:

(a) By twenty equal payments of seven hundred and thirty-one pounds two shillings and fourpence, 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. Each such half-yearly payment shall be applied first in payment of interest computed at the rate of four per cent per annum on the amount of principal for the time being outstanding at the beginning of each such half-year in respect of the said sum and the balance of such half-yearly payment in reduction of such principal.

(b) By a payment at the end of the tenth year from the date of the raising of the said sum of an amount equal to the amount to which the principal of the said sum has been reduced in accordance with the preceding paragraph (a) hereto after payment of the aforesaid twenty half-yearly payments.

4. The payments referred to in clause 3 hereof shall be made in New Zealand and no such payment shall be made out of loan money.

5. 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.

6. 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. 49/133/20)

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Varying the Determinations in Respect of the Southland Catchment Board’s Loan of £22,100

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

At the Government House at Auckland, this 24th day of May 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS by Order in Council made on the 11th day of November 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 Southland Catchment Board (hereinafter called the said local authority) of a loan of twenty-two thousand one hundred pounds to be known as Waimea River District Loan 1953 (hereinafter called the said loan):

And whereas by Order in Council made on the 24th day of March 1954 certain of the determinations aforesaid were varied in respect of the said loan:

And whereas the said loan has still not yet been raised and it is expedient to again vary certain of the determinations aforesaid in respect 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 varies certain of the determinations aforesaid in respect of the said loan by prescribing that in lieu of repayment in the manner prescribed in clause 3 of the said Order in Council made on the 11th day of November 1953, as varied by the Order in Council made on the 24th day of March 1954, the said loan or any part thereof shall be repaid as follows:

(a) By twenty equal payments of eight hundred and seven pounds seventeen shillings and eightpence, one of such payments to be made at the end of every half-year commencing from the date on which the said loan is raised. Each such half-yearly payment shall be applied first in payment of interest computed at the rate of four per cent per annum on the amount of principal for the time being outstanding at the beginning of each such half-year in respect of the said loan and the balance of such half-yearly payment in reduction of such principal.

(b) By a payment at the end of the tenth year from the date of the raising of the said loan of an amount equal to the amount to which the principal of the said loan has been reduced in accordance with the preceding paragraph (a) hereof after payment of the aforesaid twenty half-yearly payments.

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

(T. 49/723/1)

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Polling Places for the Patea Electoral District Appointed

C. W. M. NORRIE, Governor-General
By his Deputy,
H. E. BARROWCLOUGH

PURSUANT to the Electoral Act 1927, I, Lieutenant-General Sir Charles Willoughby Moke Norrie, the Governor-General of New Zealand, hereby abolish all existing polling places in the Electoral District of Patea and hereby appoint the places mentioned in the Schedule hereto to be the polling places in the said electoral district.

SCHEDULE

Patea Electoral District—
Alton, Public School.
Aramoho, Sandy Hook, Mrs E. D. Seddon’s Residence.
Ararata, Public School.
Brunswick, Public School.
Castlecliff, Town Hall, Cardroom.
Castlecliff, Westbourne Hall.
Eltham, Mangawhero Road, Mr Don Sulzberger’s Residence.
Fraser Road, Public School.
Gonville, 13 Swiss Avenue, Scout Hall.
Hawera, Hawera County Council Chambers.
Hawera, Presbyterian Hall (principal).
Hawera, Public Hospital, Tutorial Block.
Hawera, Railway Social Hall.
Hawera, Waihi Road, Racecourse, Secretary’s Office.
Hurleyville, Public School.
Inaha, Riverdale Dairy Factory Office.
Kai Iwi, Public School.
Kakaramea, Public Hall.
Kohi, Public School.
Maata, Public Hall.
Mangamingi, Public School.
Manutahi, Public School.
Matapu, Skeet Road, Mr B. M. Barclay’s Store.
Maxwell, Public School.
Meremere, Public School.
Mokoia, Public School.
Mosston, Public School.
Ngamatapouri, Makakaho Junction School.
Ngutuwerā, Public Hall.
Normanby, Methodist Hall.
Ohangai, Public School.
Ohawe, Women’s Institute Room.
Okaiawa, Public School.
Omahina, Public School.
Opaku, Public School.
Patea, Borough Council Chambers.
Patea, Freezing-works, Fire Brigade Building.
Rapanui, Public School.
Rawhitiroa, Public School.
St. John’s Hill, Mr C. Goldsbury’s Residence, “Lyonsdown”.
Tawhero, Public School.
Tawhiti, Public Hall.
Tawhiti, Public School.
Te Roti, Public School.
Tokaora, Public School.
Waitotara, Public School.
Waverley, Town Hall.
Westmere, Public School.
Whakamara, Public School.
Whareroa, Social Hall.
Whenuakura, Public School.

As witness the hand of His Excellency, the Governor-General, this 3rd day of June 1954.

T. CLIFTON WEBB,
Minister in Charge of Electoral Department.