New Zealand Gazette – 1934 – No. 22

Page 940

✨ Loans Conversion Details

940

THE NEW ZEALAND GAZETTE.

[No. 22

LOANS TO BE CONVERTED—continued.

Name.	Amount.	Rate of Interest.		Date of Maturity.
		Original.	Existing.
Rangiora County Council Electric-lighting Loan of £500, 1921	£500	Per Cent. 5¾	Per Cent. 4⅜	9th January, 1958.
Rangiora County Council Electric-lighting Loan of £1,000, 1925 (being part of an authorized loan of £15,000, of which balance outstanding is £3,000)	1,000	6	4⅜	1st September, 1935.
Rangiora County Council Electric-lighting Loan of £1,500, 1926	1,500	6	4⅜	1st February, 1936.
North Canterbury Electric-power Board Construction and General Loan of £160,300, 1927 (part)	40,000	5½	4⅜	1st August, 1938.
North Canterbury Electric-power Board Construction and General Loan of £160,300, 1927 (part)	20,000	5¼	4¼	1st April, 1939.
North Canterbury Electric-power Board Construction and General Loan of £160,300, 1927 (part)	20,000	5¼	4¼	1st September, 1939.
North Canterbury Electric-power Board Construction and General Loan of £160,300, 1927 (part)	12,000	5½	4⅜	1st April, 1940.
North Canterbury Electric-power Board Construction and General Loan of £160,300, 1927 (part)	5,000	5¾	4⅜	1st April, 1940.
North Canterbury Electric-power Board Kowai County Electricity Loans Redemption Loan of £14,000, 1932, being part of Construction and General Loan of £160,300, 1927	13,200	5¼	4¼	1st March, 1942.
North Canterbury Electric-power Board Rangiora County Electricity Loan Redemption Loan, £3,000 (No. 1), 1932, being part of Construction and General Loan of £160,300, 1927	3,000	5¼	4¼	1st June, 1942.
North Canterbury Electric-power Board Rangiora County Electricity Loan Redemption Loan, £5,000 (No. 2), 1932, being part of Construction and General Loan of £160,300, 1927	5,000	5¼	4¼	14th November, 1942.
Total .. ..	£136,200

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 22

NZLII — NZ Gazette 1934, No 22

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✨ LLM interpretation of page content

💰 North Canterbury Electric-power Board Loans Conversion Order, 1934 (continued from previous page)

Domain💰 Finance & Revenue
Dated26 March 1934
KeywordsLoans Conversion, Local Authorities, Order in Council, North Canterbury Electric-power Board, Debentures, Schedules, Premiums, Sinking Funds

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