New Zealand Gazette – 1934 – No. 26

Page 1072

✨ Loan Conversion Factors and Order

1072
THE NEW ZEALAND GAZETTE.
[No. 26

Table of Factors.

Period from Date of Conversion to Maturity Date of Existing Securities.	Factor.	Period from Date of Conversion to Maturity Date of Existing Securities.	Factor.
Years.		Years.
½	0·488998	19½	12·891438
1	0·967235	20	13·096761
1½	1·434948	20½	13·297566
2	1·892370	21	13·493952
2½	2·339726	21½	13·686017
3	2·777238	22	13·873855
3½	3·205123	22½	14·057560
4	3·623592	23	14·237222
4½	4·032853	23½	14·412931
5	4·433108	24	14·584774
5½	4·824556	24½	14·752835
6	5·207389	25	14·917198
6½	5·581799	25½	15·077944
7	5·947970	26	15·235153
7½	6·306083	26½	15·388903
8	6·656316	27	15·539270
8½	6·998842	27½	15·686327
9	7·333831	28	15·830149
9½	7·661448	28½	15·970806
10	7·981856	29	16·108367
10½	8·295214	29½	16·242902
11	8·601676	30	16·374476
11½	8·901395	30½	16·503155
12	9·194518	31	16·629003
12½	9·481191	31½	16·752081
13	9·761556	32	16·872451
13½	10·035752	32½	16·990172
14	10·303914	33	17·105303
14½	10·566175	33½	17·217900
15	10·822665	34	17·328020
15½	11·073511	34½	17·435716
16	11·318837	35	17·541042
16½	11·558765	35½	17·644051
17	11·793413	36	17·744793
17½	12·022898	36½	17·843319
18	12·247333	37	17·939676
18½	12·466829	37½	18·033913
19	12·681496

Example of Working.

Conversion as from 15th December, 1933, of 6-per-cent. securities for £100, maturing 14th January, 1947, into 4¼-per-cent. securities.

Interest rate on existing securities (as reduced by Part I of the Act) is 4⅜ per cent. per annum.

One year’s interest on £100 at existing rate (4⅜ per cent.) is .. .. 4·8
One year’s interest on £100 at new rate (4¼ per cent.) is .. .. 4·25

Difference is .. .. .. .. .. £0·55

Period from date of conversion (15th December, 1933) to existing maturity date (14th January, 1947) is 13 years 30 days, counted as 13 years.

Factor for 13 years is 9·761556.

£0·55 multiplied by 9·761556 is £5·3688558, or £5 7s. 4d., which is the premium for £100 of the existing securities.

The premiums on other amounts of existing securities of the same class can be computed in the same way, or, alternatively, by ascertaining 5·3688558 per cent. of the amount of the principal in each case.

F. D. THOMSON,
Clerk of the Executive Council.

(T. 49/286/3.)

Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2).

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 14th day of April, 1934.

Present:

His Excellency the Governor-General in Council.

WHEREAS it is provided by section nine of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, that, with the precedent consent of the Governor-General, given by Order in Council under section thirteen of the said Act, after compliance with the provisions of Part II of the Act, and subject to and in accordance with the provisions of such Order in Council, any local authority may issue new securities in conversion of any existing securities to which the said Act applies :

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1934, No 26

NZLII — NZ Gazette 1934, No 26

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Computation of Premiums for Loan Conversion (continued from previous page)

Domain💰 Finance & Revenue
KeywordsPremiums, Loan Conversion, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, Factors, Example Calculation
👩‍💼 Officials

F. D. Thomson, Clerk of the Executive Council

💰 Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2)

Domain💰 Finance & Revenue
Dated14 April 1934
KeywordsOrder in Council, Loan Conversion, Waitemata Electric-power Board, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
👩‍💼 Officials

BLEDISLOE, Governor-General

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.