New Zealand Gazette – 1934 – No. 22

Page 931

✨ Local Authorities Debenture Forms



APRIL 5.] THE NEW ZEALAND GAZETTE. 931

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

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 , 19 .
the day of

[L.S.] A.B., Mayor.
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.)

A.B., Mayor.
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, 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 £801,545. 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 £801,545.
£ £
1st June, 1935 15,000 1st June, 1948 31,400
1st June, 1936 16,000 1st June, 1949 32,300
1st June, 1937 17,000 1st June, 1950 33,400
1st June, 1938 18,000 1st June, 1951 35,300
1st June, 1939 21,000 1st June, 1952 36,400
1st June, 1940 22,000 1st June, 1953 37,300
1st June, 1941 23,700 1st June, 1954 38,400
1st June, 1942 24,800 1st June, 1955 40,300
1st June, 1943 25,700 1st June, 1956 41,400
1st June, 1944 26,900 1st June, 1957 43,300
1st June, 1945 27,800 1st June, 1958 43,400
1st June, 1946 29,900 1st June, 1959 45,500
1st June, 1947 30,800 1st June, 1960 44,545
Total .. .. £801,545


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✨ LLM interpretation of page content

💰 Forms for Conversion Notice and New Debenture (continued from previous page)

💰 Finance & Revenue
Conversion Notice, New Debenture, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33