Loan and Licence Consents




12 AUGUST] THE NEW ZEALAND GAZETTE 1299

Approving the Term of a Licence Granted to Vacuum Oil
Company (N.Z.) Limited, for a Tramway Across Cam-
bridge Street in the County of Horowhenua

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 11th day of
August 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

P
URSUANT to the Tramways Act 1908, His Excellency the
Governor-General, acting by and with the advice and con-
sent of the Executive Council, hereby approves of the term of
the licence granted for a period of twenty-one years from the
1st day of February 1954 by the Horowhenua County Council
to Vacuum Oil Company (N.Z.) Limited, a duly incorporated
company having its registered office at Wellington, which
licence authorizes the said company to maintain a private
tramway on and across Cambridge Street in the County of
Horowhenua, the position of such tramway being more par-
ticularly shown on the plan marked P.W.D. 71106, deposited
in the office of the Minister of Works at Wellington.

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

(P.W. 26/1433; D.O. 19/2/3)

Consenting to Additional Land Being Taken for a Public
School in Block VII, Paritutu Survey District

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 11th day of
August 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

P
URSUANT 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
additional land described in the Schedule hereto being taken
for a public school.

SCHEDULE

APPROXIMATE area of the piece of additional land permitted
to be taken: 2 roods 0·4 perches.
Being Section 94, Town of Lepperton, as shown on a plan
deposited in the office of the Chief Surveyor at New
Plymouth as No. 5525, and being the whole of the land
comprised and described in Deeds Index, Volume I 7,
folio 191 (Taranaki Land Registry).

Situated in Block VII, Paritutu Survey District.

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

(P.W. 31/1658; D.O. 46/69)

Consenting to the Raising of a Loan of £3,200 by the Manawatu
Catchment Board and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 21st day of
July 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

W
HEREAS the Manawatu Catchment Board (hereinafter called
the said local authority) proposes, pursuant to the provisions
of section 30 of the Soil Conservation and Rivers Control Act 1941,
to borrow the sum of three thousand two hundred pounds by a
loan to be known as Plant Loan No. 4, 1954 (hereinafter called the
said loan) for the purpose of purchasing plant :

Now, therefore, pursuant to section 11 of the Local Govern-
ment 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
consents to the raising by the said local authority of the said loan
for the said purpose up to the amount of three thousand two 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 be eight 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 a rate exceeding four 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. 49/708)

Consenting to the Raising of a Loan of £100,000 by the
Hawke’s Bay Electric Power Board and Prescribing the
Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 4th day of
August 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

W
HEREAS the Hawke’s Bay Electric Power Board
(hereinafter called the said local authority), being
desirous of raising a loan of one hundred thousand pounds,
to be known as Reticulation Loan 1954 (hereinafter called
the said loan), for the purpose of providing for further
reticulation of the said local authority’s 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
hundred 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 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 as
    follows:

(a) By ten equal payments of five thousand pounds each,
one of such payments to be made at the end of
every year, commencing from the date on which
the said loan is raised.

(b) Thereafter by five equal annual payments of ten
thousand pounds each.

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

  2. No amount payable either as interest or as principal
    shall be paid out of loan money.

  3. 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 three-
    quarters per cent of any amount raised.

  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. 49/439/17)

Consenting to the Raising of a Loan of £1,630 by the Oxford
County Council and Prescribing the Conditions Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington, this 4th day of
August 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

W
HEREAS the Oxford County Council (hereinafter called
the said local authority) proposes, pursuant to the
provisions of section 49 of the Fire Services Act 1949, to
borrow the sum of one thousand six hundred and thirty
pounds by a loan to be known as Fire Engine Loan 1954
(hereinafter called the said loan) for the purpose of meeting
the cost of a fire engine for the Oxford Secondary Urban
Fire District:

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 consents to the raising by the said
local authority of the said loan for the said purpose up to
the amount of one thousand six hundred and thirty 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 a rate exceeding four 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. 49/411)



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✨ LLM interpretation of page content

🚂 Approving licence term for Vacuum Oil Company's tramway across Cambridge Street

🚂 Transport & Communications
11 August 1954
Tramway licence, Cambridge Street, Vacuum Oil Company, 21-year term, County of Horowhenua
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council

🏗️ Consenting to additional land for a public school in Block VII, Paritutu Survey District

🏗️ Infrastructure & Public Works
11 August 1954
Public school land, Paritutu Survey District, Block VII, 2 roods 0.4 perches, Lepperton
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council

💰 Consenting to a £3,200 loan for Manawatu Catchment Board's plant purchases

💰 Finance & Revenue
21 July 1954
Manawatu Catchment Board loan, Soil Conservation, Plant loan, £3,200, 8-year term
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council

💰 Consenting to a £100,000 loan for Hawke’s Bay Electric Power Board's reticulation

💰 Finance & Revenue
4 August 1954
Hawke’s Bay Electric Power Board loan, Reticulation, £100,000, 15-year term
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council

💰 Consenting to a £1,630 loan for Oxford County Council's fire engine procurement

💰 Finance & Revenue
4 August 1954
Oxford County Council loan, Fire Services, Fire engine loan, £1,630, 10-year term
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council