New Zealand Gazette – 1933 – No. 74

Page 2683

✨ Loan Conversion Schedules



Nov. 2.] THE NEW ZEALAND GAZETTE. 2683

(4) Resolution making Special Rate.

In pursuance and exercise of the powers vested in it in that behalf by Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 , the [Name of local authority] hereby resolves as follows :—

That, for the purpose of providing the interest and other charges on the new securities authorized to be issued by the [Name of local authority] under the above-mentioned Act and Order in conversion of existing securities issued in respect of the following loans [State particulars of loans], and also the interest and other charges on the unconverted securities issued in respect of such loans, the said [Name of local authority] hereby makes and levies a special rate of [State amount in the pound] upon the rateable value of all rateable property of the [Name of district or special-rating area], comprising [Name the district—e.g., the whole of the County of ; or, in the case of a special-rating area, name the ward, riding, or other statutory subdivision comprising the same ; or, if not such a subdivision, describe by its boundaries, and state the numbers of the sections and blocks comprising the same, and name of survey district. If the special-rating area has no specific name, refer to it as “ special-rating area ”] ; and that such special rate shall be an annually recurring rate during the currency of such securities, and be payable half-yearly on the day of and the day of [or yearly on the day of ] in each and every year until the last maturity date of such securities, being the day of , 19 , or until all such securities are fully paid off.

THIRD SCHEDULE.

MATURITY DATES OF NEW SECURITIES.

Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £20,500. Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £20,500.
31st May, 1934 £200 30th November, 1946 £400
30th November, 1934 200 31st May, 1947 400
31st May, 1935 200 30th November, 1947 400
30th November, 1935 200 31st May, 1948 400
31st May, 1936 200 30th November, 1948 400
30th November, 1936 200 31st May, 1949 400
31st May, 1937 200 30th November, 1949 400
30th November, 1937 200 31st May, 1950 400
31st May, 1938 200 30th November, 1950 400
30th November, 1938 200 31st May, 1951 400
31st May, 1939 200 30th November, 1951 400
30th November, 1939 200 31st May, 1952 400
31st May, 1940 200 30th November, 1952 400
30th November, 1940 200 31st May, 1953 400
31st May, 1941 200 30th November, 1953 400
30th November, 1941 200 31st May, 1954 400
31st May, 1942 200 30th November, 1954 500
30th November, 1942 200 31st May, 1955 500
31st May, 1943 200 30th November, 1955 500
1st November, 1943 3,700 31st May, 1956 500
30th November, 1943 200 30th November, 1956 500
31st May, 1944 300 31st May, 1957 500
30th November, 1944 400 30th November, 1957 500
31st May, 1945 400 31st May, 1958 500
30th November, 1945 400 30th November, 1958 500
31st May, 1946 400

FOURTH SCHEDULE.

COMPUTATION OF PREMIUMS.

  1. THE amount of the premium payable on the conversion of any existing securities shall be equal to the product obtained by multiplying the following factors, namely :—

(a) The difference between one year’s interest on the amount of principal secured by the existing securities at the rate payable thereon immediately before the date of conversion and one year’s interest on the same amount at the rate payable on the new securities ; and

(b) The appropriate factor specified in the Table of Factors hereinafter set out, according to the period between the date of conversion and the maturity date of the existing securities.

  1. For the purpose of computing any such period as is mentioned in paragraph (b) of the last preceding clause, any fraction of a half-year that is not less than three months shall be counted as a half-year, and any such fraction that is less than three months shall not be taken into account.


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1933, No 74


NZLII — PDF NZ Gazette 1933, No 74




✨ LLM interpretation of page content

💰 Second Schedule: Forms for Loan Conversion (continued from previous page)

💰 Finance & Revenue
Conversion forms, Debentures, Notice, New debenture, Coupon

💰 Third Schedule: Maturity Dates of New Securities

💰 Finance & Revenue
Maturity dates, Securities, Loan conversion

💰 Fourth Schedule: Computation of Premiums

💰 Finance & Revenue
Premiums, Loan conversion, Interest calculation