1362
THE NEW ZEALAND GAZETTE
[No. 52

Consenting to the Raising of Portion (£50,000) of the Palmerston North Hospital Board's Loan of £122,000 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

WHEREAS the Palmerston North Hospital Board (hereinafter called the said local authority), being desirous of raising a loan of one hundred and twenty-two thousand pounds, to be known as Building Loan No. 2 1953 (hereinafter called the said loan), for the purpose of making additions and alterations to the buildings of the Palmerston North 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 February 1954, consent was given to the raising of portion of the said loan, amounting to thirty thousand pounds:

And whereas the said local authority is now desirous of raising a further portion of the said loan, amounting to fifty 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 fifty 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 be 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 by the annual redemption of debentures in the years set out in the first column of the Schedule hereunder of the amounts stated opposite each such year in the second column of the said Schedule.

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 procuration 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. 49/506/12)

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Consenting to the Raising of Portion (£25,000) of the Otago Electric Power Board's Loan of £50,000 and Prescribing the Conditions Thereof

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

At the Government House at Wellington, this 18th day of August 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Otago Electric Power Board (hereinafter called the said local authority), being desirous of raising a loan of fifty thousand pounds, to be known as General Extension and Reticulation Loan 1954 (hereinafter called the said loan), for the purpose of further reticulating the Otago Electric Power District, has complied with the provisions of the Local Government Loans Board Act 1926 (hereinafter called the said Act):

And whereas the said local authority is desirous of raising, in the first instance, portion of the said loan amounting to twenty-five 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-five 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 shall be repaid as follows:

(a) By twenty equal payments of five 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 fifteen 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 procuration 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. 49/371/13)

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Officers Authorized to Take Statutory Declarations

C. W. M. NORRIE, Governor-General

PURSUANT to section 301 of the Justices of the Peace Act 1927, His Excellency the Governor-General hereby authorizes the persons named in the Schedule hereto, being the holders of the offices specified after their names, to take and receive statutory declarations under that section.

SCHEDULE

George James Peploe, District Public Trustee, Dannevirke.
William Rupert Evans, Assistant District Public Trustee, Palmerston North.
Robert Stewart Gillies, District Public Trustee, Timaru.
Sidney Alexander Gibson, District Public Trustee, Palmerston North.
Reginald George Elvidge Harrison, Trust Officer, Public Trust, Palmerston North.

As witness the hand of His Excellency the Governor-General, this 12th day of August 1954.

J. R. MARSHALL, for the Minister of Justice.

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Appointments, Promotions, Transfers, Resignations, and Retirements of Officers of the New Zealand Army

PURSUANT to section 16 of the New Zealand Army Act 1950, His Excellency the Governor-General has been pleased to approve of the following appointments, promotions, transfers, resignations, and retirements of officers of the New Zealand Army:

THE ROYAL N.Z. ARTILLERY

Territorial Force

3rd Field Regiment, R.N.Z.A.

The appointment of 2nd Lieutenant (on prob.) J. A. Kennedy is confirmed.

15th Composite Anti-Aircraft Regiment, R.N.Z.A.

Lieutenant-Colonel J. A. Bretherton, E.D., relinquishes the appointment of C.O., 15th Composite Anti-Aircraft Regiment, R.N.Z.A., and is transferred to the Reserve of Officers, General List, The Royal N.Z. Artillery, with the rank of Lieutenant-Colonel. Dated 31 March 1954.

THE ROYAL N.Z. ARMOURED CORPS

Regular Force

Lieutenant F. S. L. B. Philpot to be Captain. Dated 23 August 1954.

Territorial Force

1st Armoured Regiment (Waikato), R.N.Z.A.C.

The appointment of 2nd Lieutenant (on prob.) D. R. Wightman (also attached to the Hamilton High School Cadets) is confirmed.

3rd Armoured Regiment, R.N.Z.A.C.

Captain W. A. French to be temp. Major. Dated 1 August 1954.