New Zealand Gazette – 1934 – No. 31

Page 1295

✨ Local Authority Loans Conversion Order



MAY 4.] THE NEW ZEALAND GAZETTE. 1295

On presentation of this debenture at __, in New Zealand, on or after the __ day of __, 19, the bearer thereof will be entitled to receive £__.

Interest on this debenture will cease after the day when the payment falls due unless default is made in payment.

This debenture bears interest at the rate of __ per centum per annum, payable on the __ day of __ and the __ day of __ in each year, on presentation of the attached coupons.

Issued under the common seal of the
__ day of __, 19__.

[L.S.]
A.B., Mayor.
C.D., Treasurer [or other officer appointed for the purpose].

(3) Coupon.

No. __.

New debenture No. __ of the [Name of local authority], New Zealand, issued under Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the __ Loans Conversion Order, 19__.

On presentation of this coupon at __, in New Zealand on or after the day of __, 19, the bearer hereof will be entitled to receive £____.

(N.B.—The holder of this coupon has no claim in respect thereof upon the Government or public revenues of New Zealand.)

A.B., Mayor.
C.D., Treasurer [or other officer appointed to sign debentures].

(4) Resolution making Special Rate.

In pursuance and exercise of the powers vested in it in that behalf by Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19__, the [Name of local authority] hereby resolves as follows:—

That, for the purpose of providing the interest, sinking fund, and other charges on the new securities authorized to be issued by the [Name of local authority] under the above-mentioned Act and Order in conversion of existing securities issued in respect of the loan set out in the First Schedule to that Order, and also the interest, sinking fund, and other charges on the unconverted securities issued in respect of such loan, the said [Name of local authority,] hereby makes and levies a special rate of [State amount in the pound] upon the rateable value on the basis of [State whether capital, unimproved, or annual] value of all rateable property within the whole of that area of the district of the local authority over any part of which an existing special rate in respect of the loan specified in the aforesaid First Schedule was made and levied, and that such special rate shall be an annually recurring rate during the currency of such securities, and be payable half-yearly on the __ day of __ and the __ day of __ [or yearly on the __ day of __] in each and every year until the last maturity date of such securities, being the __ day of __, 19__, or until all such securities are fully paid off.

THIRD SCHEDULE.

MATURITY DATES OF NEW SECURITIES.

Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £16,400. Date. Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order if the Total Amount is greater or less than £16,400.
1st July, 1936 £500 1st July, 1949 £500
„ 1937 500 „ 1950 500
„ 1938 500 „ 1951 600
„ 1939 600 „ 1952 600
„ 1940 600 „ 1953 600
„ 1941 700 „ 1954 600
„ 1942 700 „ 1955 600
„ 1943 700 „ 1956 700
„ 1944 500 „ 1957 700
„ 1945 500 „ 1958 800
„ 1946 500 „ 1959 800
„ 1947 500 „ 1960 800
„ 1948 500 „ 1961 1,300
Total .. .. £16,400


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✨ LLM interpretation of page content

💰 Hamilton Borough Loans Conversion Order, 1934 (No. 3) (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