✨ Loan Conversion Details
Feb. 15.] THE NEW ZEALAND GAZETTE. 297
FIRST SCHEDULE.
LOANS TO BE CONVERTED.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| Original. | Existing. | ||
| £ | Per Cent. | Per Cent. | |
| Water Mains Loans .. | 6,500 | 4½ | 4¼ |
| Bath and Municipal Site Loan | 1,600 | 4½ | 4¼ |
| Roading Loan .. | 42,000 | 4½ | 4¼ |
| Roading Loan .. | 3,170 | 4½ | 4¼ |
| Roading Loan .. | 4,200 | 4½ | 4¼ |
| Drainage Loan .. | 70,000 | 5 | 4¼ |
| Drainage Loan .. | 32,100 | 6½ | 5½ |
| Drainage Loan .. | 12,900 | 6 | 4¾ |
| Roading Loan .. | 400 | 5¼ | 4¼ |
| Roading Loan .. | 11,300 | 6½ | 5¾ |
| Roading Loan .. | 28,300 | 6 | 4¾ |
| Replacement Loan .. | 30,700 | 6 | 4¾ |
| Antecedent Liability Loan .. | 5,700 | 6 | 4¾ |
| Roading Loan .. | 8,600 | 5½ | 4¾ |
| Roading Loan .. | 116,400 | 5¾ | 4¾ |
| Fire Station and Bath Improvement Loan | 8,000 | 5½ | 4¾ |
| Water Mains Loan .. | 200 | 5½ | 4¾ |
| Water Mains Loan .. | 6,800 | 5¾ | 4¾ |
| Drainage Loan .. | 13,500 | 5½ | 4¾ |
| Drainage Loan .. | 100,000 | 5¾ | 4¾ |
| Roading Loan .. | 12,500 | 5¾ | 4¾ |
| Roading Loan .. | 5,000 | 5¾ | 4¾ |
| Fire Station and Bath Loan .. | 800 | 5¾ | 4¾ |
| Water Mains Loan .. | 700 | 5¾ | 4¾ |
| Roading and Various Purposes | 107,700 | 5¾ | 4¾ |
| Unemployment Relief Loan No. 1 | 8,000 | 5¼ | 4¾ |
| Unemployment Relief Loan No. 2 | 6,000 | 5¾ | 4¾ |
| Drainage Loan .. | 10,000 | 5¾ | 4¾ |
| Drainage Loan .. | 57,000 | 5¾ | 4¾ |
| Drainage Loan .. | 43,000 | 5¼ | 4¼ |
| Unemployment Relief Loan No. 3 .. | 2,000 | 5½ | 4¾ |
| Roading Loan .. | 8,750 | 5¼ | 4¼ |
| Drainage Supplementary Loan, 1930 | 10,000 | 5¾ | 4¾ |
| Drainage Loan, 1930 .. | 13,100 | 5¾ | 4¾ |
| Drainage Loan, 1930 .. | 3,200 | 5¼ | 4¼ |
| Total .. | £790,120 |
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 or other securities issued in respect of the following loans [Particulars of loans].
Notice is hereby given to the holders of debentures or other securities issued by the [Name of local authority] in respect of the above-mentioned loans that it is intended to convert all such debentures or other securities (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 or other securities 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 or other securities is not received by that date the securities will be converted.
The rate of interest on any debentures or other securities 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 as from the [Date of conversion].
Further 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 .
, Mayor.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1934, No 10
NZLII —
NZ Gazette 1934, No 10
✨ LLM interpretation of page content
💰
Mount Eden Borough Loans Conversion Order, 1934
(continued from previous page)
💰 Finance & Revenue12 February 1934
Loans, Conversion, Local Authority, Mount Eden Borough Council, Order in Council, Sinking Fund, Special Rate, Trustees, Brokerage