Page 19 Advertisements Column 8

Press, 29 August 1980, Page 19

i Public Notices I • TRANSPORT ACT 1962 ■■ ON APPLICATION by New; 1 Zealand Railways Road Ser-! - vices the Secretary for Trans-! .- port has. by Decision No.’ i 4235. prescribed a schedule of revised fares. ) The full Decision, which has immediate effect, may be i inspected al the Miuisrty of) Transport office in M'hanga-;; rei. Auckland. Hamilton, : Rotorua. New Plymouth.-i M’anganui, Palmerston North. I Tauranga. Gisborne. Napier.!, Hastings. Mellington. Nelson.!, ■ Blenheim. Christchurch. Grey-] mouth. Tiinaru. Oamaru/: 1 Dunedin and Invercargill. i; Any appeal against this De- ! cision must be lodged in ac- , 1 cordance with the provisions . of Section 167 of the Transt port Act 1962. accompanied J ■ by the prescribed fee of SlOO I with the Secretary. Trans- ; t port Charges Appeal Auth- • oritv. Ministry of Transport. ■ Private Bag. M’ellington. on • or before September 29. 1980. • i COMMISSION OF INQUIRY I INTO TOE FREIGHT | i FORM ARDING INDUSTRY i PUBLIC HEARINGS of thej Commission will be taken on | Monday. September 1. at 9.30] a.m. in the Industries De-1 velopment Commission j Rooms. 7th Floor House. Minis Street, Wellingj ton. Submissions will be; heard from the Ministry of; Transport and the New Zea-! f land Railways. , Hearings will continue from] ’ Tuesday, Setpember 2, to! . Thursday, September 4, and i on Monday to Thursday of] ' subsequent weeks in Septem-I i ber in the Commission’s own] rooms, Feltex House, Sturdee! Street. M’ellington. ’ J. F. de LISLE. Secretary. ! 30 s , HURUNUI COUNTY I !; COUNCIL , STAFF’ HOUSING LOAN 1980. $70,000 NOTICE OF PROPOSED I SPECIAL ORDER NOTICE is hereby given that at an ordinary meeting of the Hurunui County Council ) held at the Council Cham- ; - bers. Amberley, on Monday, August 25, 1980, the follow- - ing resolution was passed and will be submitted for confirmI ation as a special order at an I ordinary meeting of the council to be held at the Council ! Chambers, Amberley, at 9.15 I a.m. on Monday, September • '22, 1980. I RESOLUTION ] That in pursuance and ex- j ercise of the powers vested < i in it by the Local Govern- ; ment Act 1974, the Local Au- , thorities Loans Act, 1956, and ( all amendments thereto and j all other acts and powers enabling it in that behalf and by virtue of and in accord- J ahce with the conditions of 1 1 the sanction of the Local Au- j thorities Loans Board, grant- 1 ed at a meeting of the board • held on August 12, 1980, the < council resolves to proceed 1 to raise in New Zealand a < loan to be known as the Staff ' Housing Loan 1980 for the I , sum of seventy thousand dol- t •lars ($70,000) for the purpose i iof erecting or purchasing s houses for council staff and 1 I making advances by way of 1 'loans to council staff to as- < ! sist with the purchase or S i building of their own hous- i ! ing requirements subject to 1 I the following determinations: ; (1) The maximum term for ■ which the said loan or any , | part thereof may be bor- • rowed shall be 30 years, ! provided that: (a) Where the method of re- . payment is in accordance with clause 3 (a) hereof, the minimum term shall be not less than 6 years; (b) Where the method of repayment is in accordance with clause 3 (b) hereof, any amounts borrowed for less than 6 years shall not exceed 40 per cent of the issue, and shall be , borrowed for 3 years and/ or 4 years and/or 5 years. (2) The rate of interest that may be paid in respect of tlie said loan or any part thereof shall be such as shall not produce to the lender a rate exceeding . the appropriate rate for the time being speci- : fled by the Local Authorities £oans Board and notified in the New Zealand Gazette, as if money borrowed pursuant to this ■ sanction were money to which such Gazette notice applies. (3) The said loan or any part thereof, together , with interest thereon, < I shall be repaid by any of the following methods of repayment: ' | (a) Bv equal aggregate- an- ; niial or half-yearly instal- ( ments of principal and ( interest; , (b) By establishing a sinking , fund before raising the t said loan or any issue re- t lating thereto and by , making annual payments j to such sinking fund at . a rate of not less than . 0.67 per cent per annum t where the actual term is ( j for 6 years or 0.81 per • cent per annum for all I other terms of the amount of the loan or of < I that issue, as the ease < I may be (other than any < part being repaid pursu- 1 I ant. to sub paragraph (a) of this clause), for the i time being borrowed and not repaid. (4) No - interest, instalment of principal and interest or ; payment to a sinking i fund shall be paid outside New Zealand or out , of loan money. (5) No agreement or arrange- ] ment shall be entered into with anv person in respect of carrying out anv part of the work for wliich this loan was sanctioned whereby that per- / son is to subscribe to the loan or receive anv debentures or stock in satisfaction of all or part of tlie price for the carry- • ! ing out of such work. (6) No agreement or arrange- . ment shall be entered into with any person to invest loan moneys or any part or parts thereof raised in accordance with the terms of this sanction whereby sucli investment would yield a rate of interest less than that • which would be paid by the National Provident; : Fund on deposits with] i the Local Authorities In-i ! vestment Pool from time > to time. (7) Commission or fees may be paid in respect of the raising of the said loan I or any part thereof as ! the Board may determine I from time to time. 1 (8) That tlie security for the j said loan be a special I rate of such amount each i year upon the rateable ; value of all rateable proi perty in the County of •; Hurunui as mav in that ! year provide sufficient rei venue for the payment of ! annual charges in respect ’ of the loan plus 10 per t cent thereof, which rate shall continue until the loan is paid off. I Note; It is not proposed to t levy or collect the special s rate but to meet the loanj ’ charges from rentals, loan re-! j payments by staff and general . rate lew. It is hereby publicly notl-i fied that a poll of ratepayers. ! is required to be taken if 15] ’ percent of the ratepayers of, the Countv of Hurunui so! ; demand bv writing under their hands delivered or sent, 1 bv post —to the undersigned; ! not later than 9 a.m. on the] ’ date fixed for the confirms- i tion of the foregoing resolu-i tion. - Dated at Amberley this 29th I s day of August. 1980. ] A. J. McKENDRY. i County Clerk’. . } AEI2