✨ Loan Conversion Details
FEB. 15.] THE NEW ZEALAND GAZETTE. 309
FIRST SCHEDULE.
LOANS TO BE CONVERTED.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| Original. | Existing. | ||
| Ruawai Riding Loan .. | £ 5,000 | Per Cent. 4½ | Per Cent. 4¼ |
| Ruawai Riding Supplementary Loan | 750 | 4½ | 4¼ |
| Ruawai Riding Loan .. | 2,000 | 4½ | 4¼ |
| ,, .. | 2,000 | 4½ | 4¼ |
| ,, .. | 1,000 | 4½ | 4¼ |
| Mapau Special-rating Area Loan | 1,000 | 4½ | 4¼ |
| ,, | 1,000 | 4½ | 4¼ |
| ,, | 1,750 | 4½ | 4¼ |
| ,, | 1,000 | 4½ | 4¼ |
| Tokatoka Riding Loan .. | 2,000 | 4½ | 4¼ |
| Tokatoka Riding Supplementary Loan | 460 | 4½ | 4¼ |
| Tokatoka Riding Loan .. | 1,000 | 4½ | 4¼ |
| ,, .. | 2,000 | 4½ | 4¼ |
| Matakoe Loan .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 3,000 | 4½ | 4¼ |
| Matakoe Supplementary Loan | 670 | 4½ | 4¼ |
| Mareretu Riding Loan .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 3,000 | 4½ | 4¼ |
| Paparoa Riding Loan .. | 2,380 | 4½ | 4¼ |
| Kaiwaka Loan .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 2,000 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 2,000 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| Whakapirau Riding Loan .. | 1,200 | 4½ | 4¼ |
| Whakapirau Riding Supplementary Loan | 300 | 4½ | 4¼ |
| Wairau Riding Loan .. | 1,750 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| ,, .. .. | 1,000 | 4½ | 4¼ |
| Wairau Riding Supplementary Loan | 475 | 4½ | 4¼ |
| Komiti Fruitlands Special-rating Area Loan | 750 | 4½ | 4¼ |
| Ditto .. .. .. | 1,000 | 4½ | 4¼ |
| £48,485 |
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 .
, Chairman.
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VUW Te Waharoa —
NZ Gazette 1934, No 10
NZLII —
NZ Gazette 1934, No 10
✨ LLM interpretation of page content
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Otamatea County Loans Conversion Order, 1934
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💰 Finance & Revenue12 February 1934
Loans, Conversion, Local Authority, Otamatea County Council, Order in Council, Debentures, Securities