Page 23 Advertisements Column 6

Press, 29 January 1982, Page 23

Public Notices RIVER CARNIVAL SATURDAY 10 aun. — 4 p.m. OXFORD TCE. BETWEEN . BARBADOES ST AND FITZGERALD A\T 11 a.m. RIVER PARADE 8.Y.0. BOAT OR RAFT M.P. PALMER TO PRESENT PRIZES 3 p.m. Fancy dress judged by Aunts Haysi and Hilda (change facilities available). 1 to 4 p.m. Housie, entertainment. dancing music, drama, clown, fire brigade, children’s painting, tube races, greasy pole, bulld-a-boat, side shows and stalls, sausage.sizzle. pancaks, lunches. NO ENTRY FEE All proceeds to Avon Loop Community Cottage. AMURI COUNTY COUNCIL 10 PER CENT PENALTY ON UNPAID RATES NOTICE is hereby given that pursuant to Section 71 of the Rating Act 1967, and additional charge of 10 per cent will be added to all rates and charges remaining unpaid by 5 p.m. on Monday, February 15, 1982. B. J. Peters County Clerk HURUNUICOUNTY COUNCIL COUNTRY WORKSHOP LOAN 1981 - $17,500 NOTICE OF PROPOSED SPECIAL ORDER NOTICE is hereby given that at an Ordinary Meeting of the Hurunui County Council held at the Council Chambers. Amberley, on Monday, January 25, 1982, the following resolution was passed and will be submitted for confirmation as a Special Order at an Ordinary Meeting of the Council to be held at the Council Chambers, Amberley, at 9.15 a.m. on Monday. February 22. 1982. RESOLUTION That in pursuance and exercise of the powers vested in it by the Local Government Act 1974. the Local Authorities Loans Act 1956 and all amendments thereto and all other acts and powers enabling it in that behalf and by virtue of and in accordance with the conditions of the sanction of the Local Authorities Loans Board, granted at a meeting of the Board held on December 15,1981, the Council resolves to proceed to raise in New Zealand a loan to be known as the County Workshop Loan 1981 for the sum of Seventeen Thousand five hundred Dollars ($17,500) for the purpose of extending and upgrading the County Workshop at Waikari (and all costs incidental thereto) and reimbursing General Account amounts previously expended for this purpose, subjuect to the following conditions:

The maximum term for which the said loan or any part thereof may be borrowed shall be 30 years, provided that: (a) Where the method of repayment is in accordance with clause 3 (a) hereof, the 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. 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 the appropriate rate for the time being specified by the Local Authorities -Loans 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 party thereof, together with interest thereon, shall be repaid by any of the following methods of repayment: (a) By equal aggregate annual or half-yearly instalments of principal and interest; (b) By establishing a sinking fund before raising the said loan or any issue relating thereto and by making annual payments to such sinking fund at a rate of not less than 0.67 per cent per annum where the actual term is for 6 and/or 7 and/or 8 years or 0.81 per cent per annum for all other terms of the amount of the loan or of that issue, as the case may be (other than any part being repaid pursuant to sub-paragraph (a) of this clause), for the time being borrowed and not repaid. 4. No interest, instalment of principal and interest or payment to a sinking fund shall be paid outside NeuZealand or out of loan money. 5 No agreement or arrangement shall be entered into with any person in respect of carrying out any part of the work for which this loan was sanctioned whereby that person is to subscribe to the loan or receive any debentures or stock in satisfaction of all or part of the price for the carrying out of such work. 6. No agreement or arrangement shall be entered into with any person to invest loan monesy or any part or parts thereof raised in accordance with the terms of this sanction whereby such investment would yield a rate of interest less than that which would be paid by the National Provident Fund on deposits with the Local Authorities Investment Pool from time to time. 7. Commission or fees may be paid in respect of the raising of the said loan or any part thereof as the Board may determine from time to time. 8. That the security for the said loan be a special rate of such amount each year upon the rateable value of all rateable property in the County of Hurunui as may in. that year provide sufficient revenue for the payment of annual charges in respect of the loan plus 10 per cent thereof, which rate shall continue until the loan is paid off. NOTE It is not proposed to levy or collect the special rate but to meet the loan charges from plant operating and general rate levy. It is hereby publicly notified that a poll of ratepayers is required to be taken if 15 per cent of the ratepayers of the County of Hurunui so demand by writ-

ing under their hands delivered or sent by post to the undersigned not later than 9 a.m. on the date fixed for the confirmation of the foregoing resolution. Dated at Amberley this 26th day of January 1982. A J. McKENDRY, County Clerk.