Consenting to the Raising of a Loan of £56,000 by the
Auckland Hospital Board and Prescribing the Conditions
Thereof

C. W. M. NORRIE, Governor-General
ORDER IN COUNCIL
At the Government House at Wellington this 27th day of
October 1954
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
WHEREAS the Auckland Hospital Board (hereinafter
called the said local authority), being desirous of
raising a loan of fifty-six thousand pounds, to be known as
Helensville Hospital Loan 1954 (hereinafter called the said
loan), for the purpose of building a maternity hospital at
Helensville, 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 fifty-six 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 twenty equal payments of one thousand four
   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 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 twenty-eight 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. 49/396/14)
   SCHEDULE
   | First Column | Second Column | First Column | Second Column |
   | --- | --- | --- | --- |
   | Year | Amount | Year | Amount |
   | 1st | £1,000 | 11th | £3,500 |
   | 2nd | £1,000 | 12th | £3,500 |
   | 3rd | £1,000 | 13th | £3,500 |
   | 4th | £500 | 14th | £3,500 |
   | 5th | £1,000 | 15th | £3,500 |
   | 6th | £1,000 | 16th | £12,500 |
   | 7th | £1,000 | 17th | £12,500 |
   | 8th | £2,000 | 18th | £12,500 |
   | 9th | £2,500 | 19th | £12,500 |
   | 10th | £2,500 | 20th | £4,000 |
8. The payment of interest and instalments in respect
   of the said loan shall be made in New Zealand.
9. No amount payable either as interest or as an instal-
   ment in respect of the said loan shall be paid out of loan
   money.
10. 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. 49/215)
    Consenting to the Raising of a Loan of £6,000 by the Hutt
    County Council and Prescribing the Conditions Thereof.
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government Buildings at Wellington this 20th day of
    October 1954
    Present:
    THE HON. T. CLIFTON WEBB PRESIDING IN COUNCIL
    WHEREAS the Hutt County Council (hereinafter called
    the said local authority), being desirous of raising a
    loan of six thousand pounds, to be known as Petone Overbridge
    Loan 1954 (hereinafter called the said loan), for the purpose
    of meeting the said local authority's share of the cost of
    the construction of a bridge over the railway line at Petone,
    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 six
    thousand pounds, and in giving such consent hereby determines
    as follows:
11. The term for which the said loan or any part thereof
    may be raised shall be ten years.
12. 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.
13. The said loan 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 | Second Column | First Column | Second Column |
    | --- | --- | --- | --- |
    | Year | Amount | Year | Amount |
    | 1st | £100 | 6th | £100 |
    | 2nd | £100 | 7th | £100 |
    | 3rd | £100 | 8th | £100 |
    | 4th | £100 | 9th | £5,100 |
    | 5th | £100 | 10th | |
14. The payment of interest and redemptions in respect
    of the said loan shall be made in New Zealand.
15. No amount payable either as interest or as a re-
    demption in respect of the said loan shall be paid out of
    loan money.
16. 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.
17. 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. 49/290/45)
    Consenting to the Raising of a Loan of £85,000 by the Petone
    and Lower Hutt Gas Board and Prescribing the Conditions
    Thereof
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government House at Wellington this 13th day of
    October 1954
    Present:
    HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
    WHEREAS the Petone and Lower Hutt Gas Board
    (hereinafter called the said local authority), being
    desirous of raising a loan of eighty-five thousand pounds, to
    be known as Overdraft Funding Loan 1954 (hereinafter called
    the said loan), for the purpose of repaying the indebtedness
    of the Board on overdraft, 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 eighty-five
    thousand pounds and in giving such consent hereby determines
    as follows:
18. The term for which the said loan or any part thereof
    may be raised shall not exceed twenty years.
19. The rate of interest that may be paid in respect of
    the said loan or any part thereof shall not exceed the current
    bank overdraft rate to best customers.
20. The said loan or any part thereof shall be repaid
    by annual instalments 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,
    the first such instalment to be paid during the year ending
    the 31st day of March 1955.