Dec. 22.] THE NEW ZEALAND GAZETTE. 3775

dates on which they may be issued ; and, in the event of the appointment of a receiver under section 32 of the said Act, shall have priority over all claims by the Crown in respect of moneys advanced to the Board from the Consolidated Fund. (Vide section 20 (2) of the said Act.)

2. This bond will on tender hereof by the holder be accepted by the Board in repayment, to the extent of the nominal value hereof, of any loan granted by the Board. This bond, and all current and future interest coupons must in such case be surrendered to the Board, and interest will be paid by the Board to the date of the surrender only.

3. The surrender of this bond and of each interest coupon to the Board shall be a good discharge to the Board for the principal moneys and interest therein respectively specified.

4. If this bond is not presented to the Board for payment on the date of maturity, interest will cease to be payable hereon after that date.

5. This bond and all interest coupons attached are respectively transferable by delivery, without assignment or endorsement ; and the Board accordingly will, on presentation in the manner prescribed on the face hereof, pay the principal and interest thereby secured to the bearer thereof respectively.

6. In any of the contingencies mentioned in section 32 of the said Act (including default in payment of principal or interest) the holder of this bond may petition the Supreme Court for the appointment of a receiver of the assets of the Board.

RURAL INTERMEDIATE CREDIT BOARD.

Interest coupon No. Bond No.

ON PRESENTATION of this coupon on or after the day of , 19 , at the office of the Board at Wellington, or at any branch of the Bank of New Zealand in New Zealand, the bearer will be entitled to receive the sum of , being six months’ interest at per centum per annum on the bond of which the number is mentioned hereon.

£

A Member of the Rural Intermediate Credit Board.

FORM NO. 8.

Debenture-certificate No. Amount : £

Amount payable on maturity, including interest : £

THE RURAL INTERMEDIATE CREDIT BOARD.

DEBENTURE-CERTIFICATE for £ out of an issue of £ of Series issued by the Rural Intermediate Credit Board (hereinafter referred to as “the Board”) under the Rural Intermediate Credit Act, 1927 (hereinafter referred to as “the said Act”).

ON PRESENTATION at any office of the Board in New Zealand, or at any branch of the Bank of New Zealand in New Zealand, years after the date of purchase mentioned at the foot hereof, the bearer hereof will receive from the Board the sum of pounds, together with the sum of for interest at the rate of per centum per annum (compounded with [yearly] rests) making a total amount of .

This debenture-certificate is issued subject to and with the benefit of the conditions endorsed hereon, which are to be deemed part hereof.

Issued at Wellington under the seal of the Board, and signed by one member of the Board acting on behalf of and by direction of the Board.

[L.S.]

Countersigned—

A Member of the Board.

An officer of the Public Trust Office authorized in that behalf by the Public Trustee.

N.B.—The holder of this debenture-certificate has no claim in respect thereof upon the Government or public funds or revenues of New Zealand ; nor upon the Public Trustee, who acts only as checking officer under section 23 (2) of the said Act.

Date of purchase : Selling Officer :

THE CONDITIONS WITHIN REFERRED TO.

1. All debentures, bonds, debenture-certificates, and other like securities issued by the Board constitute a floating charge on all the assets of the Board, and the security created by such charge shall be available, pari passu, for all holders of such debentures, bonds, debenture-certificates, and other like securities without priority or preference amongst themselves, and without regard to the respective dates on which they may be issued ; and, in the event of the appointment of a receiver under section 32 of the said Act, shall have priority over all claims by the Crown in respect of moneys advanced to the Board from the Consolidated Fund. (Vide section 20 (2) of the said Act.)

2. This debenture-certificate will on tender hereof by the holder be accepted by the Board in or towards repayment of any loan granted by the Board, and in such case upon the surrender hereof the Board will credit the holder with the amount of principal mentioned on the face hereof, together with interest thereon from the date of purchase to the date of surrender, compounded (yearly) at the rate mentioned on the face hereof.

3. The surrender of this debenture-certificate to the Board shall be a good discharge to the Board for the principal moneys and interest herein specified.

4. If this debenture-certificate is not presented to the Board for payment on the date of maturity, interest will cease to be payable hereon after that date.

5. This debenture-certificate is transferable by delivery, without assignment or endorsement, and the Board accordingly will, on presentation in the manner prescribed on the face hereof, pay the principal and interest hereby secured to the bearer hereof.

6. In any of the contingencies mentioned in section 32 of the said Act (including default in payment of principal or interest) the holder of this debenture-certificate may petition the Supreme Court for the appointment of a receiver of the assets of the Board.