New Zealand Gazette – 1933 – No. 76

Page 2744

✨ Loan Conversion Order Details



2744
THE NEW ZEALAND GAZETTE.
[No. 76

BROKERAGE.

  1. The local authority shall not, in respect of the conversion into new securities of any existing securities to which this Order applies, enter into any contract for the payment of brokerage at a rate exceeding one-quarter per centum of the amount of such existing securities.

FIRST SCHEDULE.
LOANS TO BE CONVERTED.

Name. Amount. Rate of Interest. Date of Maturity.
£ Original. Existing.
Per Cent. Per Cent.
No. 2 Loan 55,000 4½ 4¼ 1st October, 1934.
No. 6 ,, 10,000 4½ 4¼ 1st ,, ,,
No. 9 ,, 24,000 4½ 4¼ 1st ,, ,,
No. 10 ,, 5,800 4½ 4¼ 1st ,, ,,
No. 11 ,, 7,000 4½ 4¼ 1st ,, ,,
No. 12 ,, 7,700 4½ 4¼ 1st ,, ,,
No. 13 ,, 14,600 4¾ 4¼ 1st ,, ,,
No. 14 ,, 1,750 4¾ 4¼ 1st ,, ,,
No. 17 ,, (£85,600)* 83,000 6½ 5¾ 1st ,, ,,
No. 18 ,, (£35,000)* 34,800 6½ 5¾ 1st ,, ,,
No. 19 ,, 20,000 6½ 5¾ 1st ,, ,,
No. 20 ,, 20,000 5½ 4¾ 1st ,, ,,
No. 21 ,, 5,000 5½ 4¾ 1st ,, ,,
No. 22 ,, 8,500 5¾ 4¾ 1st ,, ,,
No. 23 ,, 8,000 5¾ 4¾ 1st ,, ,,
No. 24 ,, 20,000 5¾ 4¾ 1st ,, ,,
No. 25 ,, 27,000 5¾ 4¾ 1st ,, ,,
No. 26 ,, 2,700 5½ 4¾ 1st ,, ,,
No. 27 ,, 2,000 5¾ 4¾ 1st ,, ,,
1,000 5½ 4¾
No. 28 ,, 7,250 5½ 4¾ 1st ,, ,,
No. 16 ,, 15,850 5¾ 4¾ 31st March, 1944.
No. 15 ,, (£288,400)* 268,800 5½ 4¾ 1st October, 1944.
No. 29 ,, 9,100 5¾ 4¾ 1st ,, ,,
No. 30 ,, 5,900 5¾ 4¾ 1st ,, ,,
No. 32 ,, 8,000 5½ 4¾ 1st ,, 1950.
No. 33 ,, 10,000 5½ 4¾ 1st ,, 1955.
No. 34 ,, 7,700 5 4¼ 1st ,, 1951.
No. 35 ,, 10,500 5¼ 4¼ 1st ,, 1947.
Total £700,950
  • Part only of these loans being converted.

SECOND SCHEDULE.
FORMS.

(1) Notice.

[Name of local authority.]

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 , of debentures issued in respect of the following loans [Particulars of loans].

Notice is hereby given to the holders of debentures issued by the [Name of local authority] in respect of the above-mentioned loans that it is intended to convert all such debentures (except those in respect of which dissent is duly signified) into new debentures having new maturity dates and bearing interest at 4¼ per cent. per annum.

The conversion will take effect from [Date of conversion].

Application for conversion must be made in writing and be accompanied by the securities to which it relates.

Dissent from the conversion of any existing debentures may be signified by the holder by notice in writing delivered to [Name or designation and address of at least one person authorized to receive dissents] on or before the day of , 19 .

If notice of dissent from the conversion of any debentures is not received by that date the debentures will be converted.

The rate of interest on any debentures in respect of which dissent is signified as aforesaid will, by virtue of section 18 of the above-mentioned Act, be reduced to two-thirds of the original rate.

A prospectus, giving particulars as to the new debentures and the conversion generally, may be obtained from [Name or designation and address of at least one person authorized to give particulars].

Dated the day of , 19 .

Chairman.

(2) New Debenture.

No.

[Name of local authority], of [Name of district], New Zealand.

New debenture, issued pursuant to Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 .

New debenture for £ , payable at , in New Zealand, on the day of , 19 , issued by the [Name of local authority], of [Name of district], New Zealand, under the above-mentioned Act and Order pursuant to a resolution passed and confirmed by the said Council [or Board, or as the case may be] as provided by section 9 (2) of the said Act.

(N.B.—The holder of this debenture has no claim in respect thereof upon the Government or public revenues of New Zealand.)



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✨ LLM interpretation of page content

💰 Christchurch Tramway Board Loans Conversion Order, 1933 (No. 2) (continued from previous page)

💰 Finance & Revenue
10 November 1933
Loan conversion, Order in Council, Christchurch Tramway Board, Local Authorities Interest Reduction and Loans Conversion Act 1932–33