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THE NEW ZEALAND GAZETTE.
[No. 12

and Loans Conversion Act, 1932–33, the Christchurch Tramway Board Loans Conversion Order, 1933 (No. 1), the Christchurch Tramway District Act, 1920, and all other powers it enabling, the Christchurch Tramway Board hereby resolves by way of special order as follows :—

(a) That, for the purpose of providing the half-yearly instalments of principal and interest in respect of the new securities authorized to be issued by the Christchurch Tramway Board under the first above-mentioned Act and above-mentioned Order in conversion of existing securities to which the said Order applies, issued in respect of the following loans :—

• Part only of these loans being converted.

And also the interest and other charges on the unconverted securities issued in respect of such loans, the said Christchurch Tramway Board hereby makes and levies a special rate of decimal one nought six nine eight pence (·10698d.) in the pound upon the rateable value (on the basis of capital value) of all rateable property of the Christchurch Tramway District, comprising the whole of the said district the boundaries of which are defined in the schedule to the Christchurch Tramway District Act, 1920, as amended by subsection (3) of section 9 of the Christchurch Tramway District Amendment Act, 1932–33 ; and that such special rate shall be an annually recurring rate during the currency of such securities and be payable yearly on the 1st day of August in each and every year until the last maturity date of such securities, being the 1st day of August, 1961, or until all such securities are fully paid off.

(b) That the said rate be directed to be levied and collected by the Christchurch City Council, the New Brighton, Sumner, and Riccarton Borough Councils, and the Waimairi, Paparua, Heathcote, and Halswell County Councils, respectively, within their respective districts.

2. Christchurch Tramway Board Conversion Loan No. 2.

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, the Christchurch Tramway Board Loans Conversion Order, 1933 (No. 2), the Christchurch Tramway District Act, 1920, and all other powers it enabling, the Christchurch Tramway Board hereby resolves by way of special order as follows :—

(a) That, for the purpose of providing the interest and other charges on the new securities authorized to be issued by the Christchurch Tramway Board under the first above-mentioned Act and above-mentioned Order in conversion of existing securities to which the said Order applies, issued in respect of the following loans :—

• Part only of these loans being converted.

And also the interest and other charges on the unconverted securities issued in respect of such loans, the said Christchurch Tramway Board hereby makes and levies a special rate of decimal one four five nine seven pence (·14597d.) in the pound upon the rateable value (on the basis of capital value) of all rateable property of the Christchurch Tramway District, comprising the whole of the said district the boundaries of which are defined in the schedule to the Christchurch Tramway District Act, 1920, as amended by subsection (3) of section 9 of the Christchurch Tramway District Amendment Act, 1932–33 ; and that such special rate shall be an annually recurring rate during the currency of such securities and be payable yearly on the 1st day of August in each and every year until the last maturity date of such securities, being the 1st day of August, 1961, or until all such securities are fully paid off.

(b) That the said rate be directed to be levied and collected by the Christchurch City Council, the New Brighton, Sumner, and Riccarton Borough Councils, and the Waimairi, Paparua, Heathcote, and Halswell County Councils, respectively, within their respective districts.

3. In pursuance and exercise of the powers conferred on it by the Christchurch Tramway District Act, 1920, the Local Bodies’ Loans Act, 1926, Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, the Christchurch Tramway Board Loans Conversion Orders, 1933, Nos. 1 and 2, and all other powers it enabling, the Christchurch Tramway Board hereby resolves by way of special order—

That, until further resolution of the Board, the instalments of principal, interest, sinking fund, and other charges on the new securities authorized to be issued by the Board under the last above-mentioned Act and the above-mentioned Orders in respect of the loans set out in the said Orders and also the interest, sinking fund, and other charges on the unconverted securities issued in respect of such loans, over and above such amounts as are available from the sinking funds, be paid out of the Board’s General Fund.

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