New Zealand Gazette – 1934 – No. 31

Page 1282

✨ Loan Conversion Details



1282
THE NEW ZEALAND GAZETTE.
[No. 31

LOANS TO BE CONVERTED—continued.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
£ Per Cent. Per Cent.
Gasworks No. 3 Loan of £5,500 (part) (c) 4,800 4½ 4½
Gasworks Loan of £5,000 (balance) 600 5½ 4½
Gasworks £8,000 (part) 2,950 5½ 4¾
Gasworks £8,000 (part) 1,400 5½ 4¾
Gasworks £8,000 (part) 3,650 6 4¾
Section 320–325 West (1916) 700 5 4¼
Waterworks Extension Loan, £5,199 1,100 4½ 4¼
Waterworks No. 6 Loan, £7,500 (part) 5,500 5½ 4¾
Waterworks No. 6 Loan, £7,500 (part) 2,000 4½ 4¼
Saleyards Loan, £1,500 1,100 4½ 4¼
Claudelands Waterworks Loan, £8,000 8,000 4½ 4¼
Borough of Frankton Electric Lighting and Waterworks Loan, £6,000, 1914 (part) 4,000 4½ 4¼
Waterworks Loan, £10,000 (part) 7,500 5½ 4¾
Waterworks Loan, £10,000 (part) 2,500 5½ 4¾
Waterworks Loan, £40,670 (1928) (part) 6,600 5½ 4¾
Waiwhirihirihiri Sanitary Loan, £16,000 13,100 5½ 4¾
Unemployment Relief No. 2, £2,000 Loan 2,000 5½ 4¾
Unemployment Relief Loan, £931 (1927) 931 5½ 4¾
Unemployment Relief £1,000 Loan 1,000 5½ 4¾
Unemployment Relief £700 Loan 700 5½ 4¾
Unemployment Relief Loan, £1,000 (1928) 1,000 5½ 4¾
Relief £3,000 Loan (1929) 2,900 5½ 4¾
Unemployment Relief £8,500 Loan, 1930 (part) 8,000 5½ 4¾
Unemployment Relief £8,500 Loan, 1930 (part) 500 5½ 4¾
Sewerage Loan £6,000 6,000 5½ 4¾
Unemployment Relief £350 10-per-cent. Loan (1931) 600 5½ 4¾
Total 216,481

(a) Of the debentures issued in respect of this loan this Order applies only to those numbered 2 to 11.
(b) Of the debentures issued in respect of this loan this Order applies only to those numbered 1 to 12.
(c) Of the debentures issued in respect of this loan this Order applies only to those numbered 1 to 49.

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.

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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✨ LLM interpretation of page content

💰 Hamilton Borough Loans Conversion Order, 1934 (No. 1) (continued from previous page)

💰 Finance & Revenue
27 April 1934
Loans, Conversion, Local Authority, Hamilton Borough Council, Order in Council, Sinking Fund, Special Rate, Premium Calculation, Interest Rates, Maturity Dates