SCHEDULE

First Column
Second
Column
_
Year
Amount

$

1st .. ..
2nd .. ..
3rd .. ..
4th .. ..
5th .. ..

1,600
1,800
1,800
1,900
1,900

First Column
Second
Column
_
Year
Amount

$

6th .. ..
7th .. ..
8th .. ..
9th .. ..
10th .. ..

2,100
2,100
2,200
2,300
52,300

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. 49/167/7)
   Consenting to the Raising of the Balance (£60,000) of the
   South Canterbury Electric Power Board's Loan of
   £140,000 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 South Canterbury Electric Power Board
   (hereinafter called the said local authority), being desirous of raising a loan of one hundred and forty thousand pounds, to be known as Rural Reticulation Loan 1953 (hereinafter called the said loan), for the purpose of further reticulating the South Canterbury Electric Power District, including provision for additional plant and building alterations and additions, 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 20th day of April 1953 consent was given to the raising in the first instance, of portion of the said loan amounting to eighty thousand pounds:
   And whereas the said local authority is now desirous of raising the balance of the said loan amounting to sixty 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 sixty thousand pounds, and in giving such consent hereby determines as follows:
8. The term for which the said sum or any part thereof may be raised shall be ten years.
9. 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.
10. 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
Second
Column
_
Year
Amount

$

1st .. ..
2nd .. ..
3rd .. ..
4th .. ..
5th .. ..

900
1,500
2,200
3,000
3,200

First Column
Second
Column
_
Year
Amount

$

6th .. ..
7th .. ..
8th .. ..
9th .. ..
10th .. ..

3,300
3,400
3,500
3,600
35,400

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. 49/181/18)
   Consenting to the Raising of a Loan of £170 by the Waipawa
   County Council 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 Waipawa 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 hundred and seventy pounds by a loan to be known as Fire Services Loan 1954 (hereinafter called the said loan) for the purpose of assisting to finance the cost of a Standard-Gwynne light trailer pump for use by the Takapau Fire Brigade:
   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 hundred and seventy pounds, and in giving such consent hereby determines as follows:
8. The term for which the said loan or any part thereof may be raised shall be five years.
9. 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.
10. 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.
11. 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. 49/494)
    Consenting to Raising of Loans by Certain Local Authorities
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government Buildings at Wellington this 9th day of November 1954
    Present:
    The Hon. C. M. Bowden presiding in Council
    Pursuant to the Local Government Loans Board Act 1926, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby consents to the borrowing by the local authorities mentioned in the Schedule hereto by way of loan of the whole or any part of the respective amounts specified in that Schedule.
    SCHEDULE

Name of Local Authority

Auckland Metropolitan Drainage Board
Henderson Borough Council

Name of Loan

Loan No. 19 1954, £2,700,000
Flood Damage Repair Loan 1954

Amount of Loan

$

500,000
2,400

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