New Zealand Gazette – 1934 – No. 31

Page 1275

✨ Loan Conversion Details

MAY 4.] THE NEW ZEALAND GAZETTE. 1275

LOANS TO BE CONVERTED—continued.

Name.	Amount.	Rate of Interest.	Date of Maturity.
	£ s. d.	Original.	Existing.
		Per Cent.	Per Cent.
Avondale Borough South Ward Street Improvements and Stormwater Drainage Loan of £17,000, 1924	17,000 0 0	6	4½
Avondale Borough North Ward Street Improvements and Stormwater Drainage Loan of £18,000, 1924	18,000 0 0	6	4½
Relief of Unemployment Loan, 1931, £29,250	29,250 0 0	5¼	4¼
Auckland City Relief of Unemployment Loan, 1928, of £10,000	10,000 0 0	5¼	4¼
Avondale Borough Roadmaking Plant Loan of £5,500, 1925	5,500 0 0	6	4½
Avondale Borough Council Central Ward Streets Improvements Loan	15,500 0 0	6	4½
Avondale Borough Main Sewer Supplementary Loan of £1,000, 1925	1,000 0 0	6	4½
Avondale Borough Council Blockhouse Bay Water Reticulation Special-rating Area Loan	7,500 0 0	6	4½
Avondale Borough Streets Improvement Loan of £3,500, 1925	3,500 0 0	6	4½
Tamaki Road Board Foreshore Repayment Loan, 1926, of £2,750	2,750 0 0	6	4½
Purewa Stream Bridge Loan of £12,000, 1931	12,000 0 0	5¼	4¼
Tamaki Road Board Unemployment Loan, 1926, of £2,000	2,000 0 0	6	4½
Tamaki Road Board Waterfront Roadway Loan, 1926, of £100,000	20,000 0 0	5¼	4¼
Tamaki Road Board Waterfront Road Loan, 1926, of £100,000 (part)	20,000 0 0	5¾	4¾
Tamaki Road Board Waterfront Roadway Loan, £100,000 (part)	20,000 0 0	5¾	4¾
Avondale Borough Council Blockhouse Bay Water Reticulation Loan, 1926	3,500 0 0	6	4½
Avondale Borough Sewer Reticulation Loan of £10,300, 1927	10,300 0 0	6	4½
Avondale Borough Main Sewer Extension Loan of £1,200, 1927	1,200 0 0	6	4½
Part Consolidated Loan 1924 Supplementary Loan, 1930	14,100 0 0	5¼	4¼
Drainage Loan, 1930, of £115,000 (part issued)	90,000 0 0	5¼	4¼
Ponsonby Park Redemption Loan, 1932, of £18,550	18,500 0 0	5¼	4¼
Tamaki District (City of Auckland) Drainage Loan, 1931, of £50,000	10,000 0 0	5¼	4¼
Total .. .. ..	£1,797,275 0 0

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 4½ 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.

[If the local authority reserves the right conferred by clause 16 (1) of the Order to repay at an earlier date, particulars of such right to be inserted.]

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 .

, Mayor.

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VUW Te Waharoa — NZ Gazette 1934, No 31

NZLII — NZ Gazette 1934, No 31

The Old Government Buildings (depicted) were completed in 1876 and initially housed the entire Wellington-based civil service as well as the entire New Zealand Cabinet. The Executive Council met there until 1948.

✨ LLM interpretation of page content

💰 Auckland City Loans Conversion Order, 1934 (continued from previous page)

Domain💰 Finance & Revenue
KeywordsLoans, Conversion, Local Authority, Auckland City Council, Order in Council, Sinking Fund, Special Rate

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