✨ Loan Conversion Order Details
382
THE NEW ZEALAND GAZETTE.
[No. 10
On presentation of this debenture at , in New Zealand, on or after
the day of , 19 , the bearer thereof will be entitled to receive £ .
Interest on this debenture will cease after the day when the payment falls due unless
default is made in payment.
This debenture bears interest at the rate of per centum per annum, payable
on the day of and the day of in each year, on
presentation of the attached coupons.
Issued under the common seal of the
the day of , 19 .
[L.S.] A.B., Chairman.
C.D., Treasurer [or other officer appointed for the purpose].
(3) Coupon.
No. .
New debenture No. of the [Name of local authority], New Zealand, issued
under Part II of the Local Authorities Interest Reduction and Loans Conversion Act,
1932–33, and the Loans Conversion Order, 19 .
On presentation of this coupon at , in New Zealand, on or after the
day of , 19 , the bearer hereof will be entitled to receive £ .
(N.B.—The holder of this coupon has no claim in respect thereof upon the
Government or public revenues of New Zealand.)
[L.S.] A.B., Chairman.
C.D., Treasurer [or other officer appointed to sign debentures].
(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, sinking fund, 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 loans set out in the First Schedule to that Order or to provide for cash premium
payments payable in respect of such conversion, and also the interest, sinking fund,
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 on the basis of [State whether capital, unimproved, or
annual] value of all rateable property of the district, 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 £99,350. | 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 £99,350. |
|---|---|---|---|
| 1st April, 1935 | £1,400 | 1st April, 1952 | £3,100 |
| 1st April, 1936 | £1,500 | 1st April, 1953 | £3,200 |
| 1st April, 1937 | £1,600 | 1st April, 1954 | £3,300 |
| 1st April, 1938 | £1,700 | 1st April, 1955 | £3,400 |
| 1st April, 1939 | £1,800 | 1st April, 1956 | £3,500 |
| 1st April, 1940 | £1,900 | 1st April, 1957 | £3,600 |
| 1st April, 1941 | £2,000 | 1st April, 1958 | £3,700 |
| 1st April, 1942 | £2,100 | 1st April, 1959 | £3,800 |
| 1st April, 1943 | £2,200 | 1st April, 1960 | £3,900 |
| 1st April, 1944 | £2,300 | 1st April, 1961 | £4,000 |
| 1st April, 1945 | £2,400 | 1st April, 1962 | £4,100 |
| 1st April, 1946 | £2,500 | 1st April, 1963 | £4,200 |
| 1st April, 1947 | £2,600 | 1st April, 1964 | £4,300 |
| 1st April, 1948 | £2,700 | 1st April, 1965 | £4,500 |
| 1st April, 1949 | £2,800 | 1st April, 1966 | £4,600 |
| 1st April, 1950 | £2,900 | 1st April, 1967 | £4,750 |
| 1st April, 1951 | £3,000 | ||
| Total | £99,350 |
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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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Banks Peninsula Electric-power Board Loans Conversion Order, 1934
(continued from previous page)
💰 Finance & RevenueLoan Conversion, Local Authority, Banks Peninsula Electric-power Board, Order in Council, Premiums, Sinking Fund, Debenture, Coupon, Special Rate, Maturity Dates
- A.B., Chairman
- C.D., Treasurer