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No. 14. Order in Council appointing Sir P. G. Julyan, Mr. Ommanney, and Sir J. Vogel, Agents to raise £5,000,000, and with power to convert it under Consolidated Stock Act. Hercules Bobinson, Governor. OEDEE IN COUNCIL. At the Government House, at Wellington, this fifteenth day of August, 1879. Present: His Excellency the Governor in Council. Whereas, by "The New Zealand Loan Act, 1879," hereinafter called the said Act, it is enacted that it shall be lawful for the Governor in Council to appoint any two or more persons he may think fit to be Agents for the purpose of raising and managing the loan authorized to be raised under the said Act, and in their appointments to define the relative powers of such Agents, and that such Agents shall have full power and authority to borrow and raise in Great Britain or elsewhere, by bonds, debentures, scrip, or otherwise, such sum or sums not exceeding five million pounds sterling in the whole as the Governor in Council may from time to time or at any time direct or determine, for all and any of the purposes expressed in the Schedule thereto, or the payment or repurchase of short-dated debentures issued under the said Act, or any other purposes authorized by the said Act; and that such Agents shall have full power and authority to prescribe the mode and conditions of repayment of such loan, and the time of such repayment, and the rate of interest thereon, and the time and place or placea when and where such principal and interest shall be made payable; and the annual charge to be imposed on the consolidated revenue under the provisions of the said Act shall not exceed for interest and sinking fund (if any) the sum of six pounds for every one hundred pounds expressed to be borrowed; and that all the powers which may be vested in any Agents appointed under the said Act may by such Agents be wholly or partly delegated to any two or more other Agents, subject to such conditions as the Agents delegating such powers shall think fit: And whereas it has been deemed expedient that the said loan so authorized to be raised should be raised under the said Act, for the purposes therein mentioned : And whereas it is also expedient that Agents should be appointed for the purpose of raising and managing the said loan so authorized to be raised as aforesaid: Now, therefore, I, Sir Hercules George Eobert Eobinson, the Governor of the Colony of New Zealand, in exercise and pursuance of the powers and authorities vested in me by the said in part recited Act, and by and with the advice and consent of the Executive Council of the said colony, do hereby direct and determine that the sum of five million pounds sterling shall be borrowed and raised under the provisions of the said Act.: And in further exercise and pursuance of the powers and authorities aforesaid, and with the like advice and consent as aforesaid, I do hereby appoint Sir Penrose Goodchild Julyan, a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George, and Montagu Frederic Ommanney, Esquire, two of the Crown Agents for the Colonies, and Sir Julius Vogel, a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George, the Agent-General for the Colony of New Zealand, to be Agents for the purpose of raising and managing the said loan hereby ordered and determined to be raised, with full power and authority to such Agents, or any two of them, to borrow and raise by bonds, debentures, scrip, or otherwise, the said sum of five million pounds sterling, and with full power and authority to such Agents, or any two of them, to prescribe the mode and. conditions of the repayment of such loan, and the time of such repayment, and, subject to the provisions of the said Act, the rate of interest thereon, and the time and place or places when and where such principal and interest shall be made payable, and with full power and authority to such Agents, or any two of them, to agree as often as occasion may require that debentures issued by them shall be converted into stock created or issued under "The New Zealand Consolidated Stock Act, 1877," and either to specify the terms of such conversion or arrange that such terms shall be subsequently agreed upon, and also with full power and authority to such Agents, or any two of them, to delegate wholly or partly to any two or more other Agents the powers hereby and by the said Act vested in the said Agents, subject, however, to such conditions as the Agents delegating such powers shall think fit, and generally to have, hold, and exercise all such powers and authorities as by the said Act may be had, held, and exercised by the Agents appointed thereunder. Eorster Goring, Clerk of the Executive Council.

No. 15. Order in Council authorizing the Agents to raise Money on Short-dated Debentures, Hercules Bobinson, Governor. OEDEE IN COUNCIL. At the Government House, at Wellington, this fifteenth day of August, 1879. Present: His Excellency the Governor in Council. Whereas, by the seventh section of " The New Zealand Loan Act, 1879 " (hereinafter called " the said Act,") it is enacted that, pending the raising of moneys hereinbefore authorized to be raised under the said Act, it shall be lawful for the Governor in Council to appoint any two or more persons he may think fit to be Agents, and in their appointments to define the relative powers of such Agents, who shall have full power and authority from time to time to borrow and raise, or obtain as an advance, such sum or sums of money as the Governor in Council may from time to time direct and determine, and to take up the same sum or sums of money from time to time by the sale, hypothecation, or