New Zealand Gazette – 1934 – No. 26

Page 1024

✨ Loan Conversion Details



1024

THE NEW ZEALAND GAZETTE.

[No. 26

FIRST SCHEDULE.

LOANS TO BE CONVERTED.

No. Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
£ Per Cent. Per Cent.
1 Longbush Special Loan of £3,500, 1926 3,500 6 4¾
2 Ponatahi Special Loan of £3,000, 1926 3,000 6 4¾
3 Ahiaruhe Special Loan of £750, 1926 750 6 4¾
4 Redemption Loan No. 1, £9,400, 1930 9,400 5¾ 4¾
5 Redemption Loan No. 2, £9,400, 1930 9,400 5¾ 4¾
6 Pirinoa-Tuhitarata Special Loan of £5,000, 1927 5,000 6 4¾
7 Lake Ferry Loan of £2,500, 1927 2,500 6 4¾
8 Wangaehu Special Loan of £2,000, 1927 2,000 6 4¾
9 Weraiti Special Loan of £500, 1927 500 6 4¾
10 Loan of £20,000, 1922 20,000 6½ 5½
11 Redemption Loan of £17,450, 1932 17,450 5½ 4¾
12 Hydro-electric Loan (1923) of £100,000 100,000 5½ 4¾
13 Redemption Loan of £18,900, 1929 18,900 5½ 4¾
14 Redemption Loan No. 2 of £950, 1929 950 5½ 4¾
15 Te Ore Ore Special Loan of £750, 1929 750 5½ 4¾
16 Bideford Special Loan of £2,600, 1929 2,600 5½ 4¾
17 Installation Loan of £50,000, 1924 9,000 5¾ 4¾
18 Hydro-electric Loan (1924) of £20,000 20,000 5¾ 4¾
19 Flood-damage Loan of £6,550, 1925 6,550 6 4¾
20 Supplementary Loan of £10,000 10,000 6 4¾
21 Loan of £260,000 (part) 100,000* 6 4¾
22 Supplementary Loan of £16,000 16,000* 6 4¾
23 The Martinborough Electric-light Loan (1913), £4,500† 4,500 5 4¼
24 The Martinborough Electric-light Supplementary Loan, 1914, £450† 450 5¼ 4¼
25 The Martinborough Electric-light Supplementary Loan, 1921, £300† 300 6 4¾
Total £363,500
  • Less any amounts of principal redeemed up to the date of conversion.

† The securities in respect of these loans were issued by the Martinborough Town Board (now the Martinborough Borough Council).

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 in respect of the above-mentioned loans that the [Name of local authority] intends 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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✨ LLM interpretation of page content

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

💰 Finance & Revenue
9 April 1934
Loan Conversion, Local Authority, Wairarapa Electric-power Board, Order in Council, Financial Regulations