2 Sept.] THE NEW ZEALAND GAZETTE 1397

Consenting to the Raising of a Loan of £150,000 by the Christchurch City Council and Prescribing the Conditions Thereof

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

At the Government House at Wellington, this 1st day of September 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Christchurch City Council (hereinafter called the said local authority), being desirous of raising a loan of one hundred and fifty thousand pounds, to be known as Electricity Extension Loan 1954 (hereinafter called the said loan), for the purpose of extending the distribution system and electrical reticulation within the said local authority’s licensed area of supply, 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 and fifty 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 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 loan or any part thereof shall be repaid as follows:

(a) By ten equal payments of seven thousand five hundred 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) By a payment at the end of the tenth year from the date of the raising of the said loan of an amount of seventy-five thousand pounds.

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 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 loan 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. 49/268/56)

Consenting to the Raising of a Loan of £7,000 by the Napier City Council and Prescribing the Conditions Thereof

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

At the Government House at Wellington, this 1st day of September 1954

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL

WHEREAS the Napier City Council (hereinafter called the said local authority), being desirous of raising a loan of seven thousand pounds, to be known as Skating Area Loan 1954 (hereinafter called the said loan), for the purpose of constructing an open air skating rink and providing seating, dressing rooms, and lighting, 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 to the amount of seven 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 three pounds twelve shillings and sevenpence, 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 procurement 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. 49/147/32)

Validating Proceedings in Connection With the Te Puke Borough Council’s Loan of £9,000

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

At the Government Buildings at Wellington, this 24th day of August 1954

Present:

THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

WHEREAS the Te Puke Borough Council lately proceeded by way of special order to raise a loan of nine thousand pounds, to be known as Municipal Offices Loan 1954 (hereinafter called the said loan):

And whereas the proceedings in connection with the said loan were irregular or defective in that the public notices of the subsequent meeting confirming the resolution, as required by paragraph (c) of section 62 of the Municipal Corporations Act 1933, as set out in paragraph (a) of section 5 of the Municipal Corporations Amendment Act 1938, although given twice with an interval of not less than fourteen days between each, were not given within a period of twenty-eight days immediately preceding the date of such subsequent meeting:

And whereas it appears that the ratepayers of the district have not been misled by such irregularity or defect as aforesaid, and it is expedient to validate the same:

Now, therefore, pursuant to section 122 of the Local Bodies’ Loans Act 1926, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby orders and declares that the proceedings in connection with the said loan shall be valid to all intents and purposes as though the public notices had been given within a period of twenty-eight days immediately preceding the date of the subsequent meeting, and that the validity of the proceedings in connection with the said loan, or of the security for the said loan, shall not be called in question by reason only of the irregularity or defect aforesaid.

T. J. SHERRARD, Clerk of the Executive Council.
(T. 49/604/3)

Constituting the Clifton Rabbit District (Notice No. Ag. 5716)

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

At the Government Buildings at Wellington, this 24th day of August 1954

Present:

THE RIGHT HON. S. G. HOLLAND PRESIDING IN COUNCIL

PURSUANT to the Rabbit Nuisance Act 1928 and to section 29 of the Rabbit Nuisance Amendment Act 1947, His Excellency the Governor-General, at the request of the Minister of Agriculture made on the recommendation of the Rabbit Destruction Council, and acting by and with the advice and consent of the Executive Council, hereby constitutes and declares the area of land, the boundaries of which are described in the Schedule hereto, being an area to which subsection (1) of section 30 of the Rabbit Nuisance Act 1928 applies, a rabbit district, and appoints that the name of the said rabbit district shall be the Clifton Rabbit District, and orders that the basis on which the Rabbit Board to be established for the said district shall first levy its general rate shall be the acreage of land occupied by the ratepayer.

SCHEDULE

BOUNDARIES OF THE CLIFTON RABBIT DISTRICT

ALL that area in the Otago Land District and the County of Clutha containing 26,400 acres, more or less, bounded by a line commencing at the confluence of the Waiwera River with the Clutha River; thence generally south-easterly along the centre of the Clutha River, including Totara Island, but excluding Manuka Island, to the southern boundary of the Borough of Balclutha; thence generally westerly along the southern boundary of the Borough of Balclutha to the southern side of the Dunedin-Gore State Highway; thence generally north-easterly along the centre of the Waiwera River to its confluence with the Clutha River, the point of commencement.

T. J. SHERRARD, Clerk of the Executive Council.
(Ag. 64/1/254)