And whereas by Order in Council made on the 4th day
of August 1954, and subject to the determinations as to
borrowing and repayment therein set out, consent was given
to the raising of a further portion of the said loan amounting
to fifty thousand pounds:

And whereas the said amount of fifty thousand pounds
has not been raised;

And whereas in lieu of raising the said amount of fifty
thousand pounds the said local authority is now desirous of
raising the balance of the said loan amounting to ninety-two
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
ninety-two 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 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

First Column
Year
Amount

1st
2nd
3rd
4th
5th

£
3,700
3,700
3,700
3,700
3,700

Second Column
Year
6th
7th
8th
9th
10th

£
3,700
3,700
3,700
3,700
58,700

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.

8. The determinations aforesaid in respect of the said
   amount of fifty thousand pounds are hereby cancelled.

T. J. SHERRARD, Clerk of the Executive Council.
(T. 49/506/12)

Consenting to the Raising of the Balance (£15,000) of the
Westland Hospital Board's Loan of £30,000

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington this 6th day of
October 1954

Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS by Order in Council made on the 7th day of
November 1951 (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 by the Westland Hospital Board (hereinafter called
the said local authority) of a loan of thirty thousand pounds,
to be known as Wataroa Hospital Loan 1951 (hereinafter
called the said loan):

And whereas the authority conferred by the said Order
in Council has lapsed in accordance with the provisions of
clause 6 thereof and it is not now lawful or competent for the
said local authority to raise the said loan or any portion
thereof except in accordance with the provisions of a further
Order in Council that may be issued pursuant to section 11
of the Local Government Loans Board Act 1926 (hereinafter
called the said Act):

And whereas an amount of fifteen thousand pounds
(hereinafter called the said sum) has not yet been raised
and it is expedient to authorize the said local authority
to raise the said sum on the conditions hereinafter set out:

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 up to an amount of fifteen thousand
pounds for the purpose for which the said loan was authorized,
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 twenty 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, together with
   interest thereon, shall be repaid by equal aggregate annual
   or half-yearly instalments extending over the term as determined in clause 1 hereof.

4. The payment of all such instalments shall be made
   in New Zealand and no such instalment shall be paid out
   of loan money.

5. 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.

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. 49/365/4)

Consenting to the Raising of a Loan of £65,000 by the
Taranaki Hospital Board and Prescribing the Conditions
Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington this 29th day of
September 1954

Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Taranaki Hospital Board (hereinafter
called the said local authority), being desirous of raising
a loan of sixty-five thousand pounds, to be known as
Westown Hospital Building Loan 1952 (hereinafter called the
said loan), for the purpose of providing additional finance
required for the erection of a maternity block and a kitchen
block at Westown, 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
sixty-five 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 three thousand three
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 thirty-two 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
   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.

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. 49/236/9)