✨ Loan Conversion Order
MAY 4.]
THE NEW ZEALAND GAZETTE.
1317
BROKERAGE.
- The local authority shall not, in respect of the conversion into new securities
of any existing securities to which this Order applies, enter into any contract for the
payment of brokerage at a rate exceeding one-quarter per centum of the amount of such
existing securities.
FIRST SCHEDULE.
LOANS TO BE CONVERTED.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| £ | Original. | Existing. | |
| Various Works Loan, $20,000 | 20,000 | 5¼ | 4¼ |
| Antecedent Liability Loan, | 12,100 | 6 | 4⅝ |
| £22,113 16s. 5d. (part)* | |||
| Drainage Loan, £110,000 (part) | 45,000 | 5¾ | 4⅗ |
| Drainage Loan, £110,000 (part) | 600 | 5½ | 4⅗ |
| Drainage 10-per-cent. Loan, | 6,500 | 5½ | 4⅗ |
| £11,000 (part) | |||
| Drainage 10-per-cent. Loan, | 4,500 | 5¾ | 4⅗ |
| £11,000 (part) | |||
| Drainage Advances Loan, £7,000 | 2,000 | 5¾ | 4⅗ |
| (part) | |||
| Streets Loan, £80,000 (part) | 36,000 | 5½ | 4⅗ |
| Streets Loan, £80,000 (part) | 9,300 | 6 | 4⅘ |
| Streets Loan, £80,000 (part) | 19,700 | 5¾ | 4⅗ |
| Streets Loan, £80,000 (part) | 5,000 | 5¾ | 4⅗ |
| Sewerage Drainage Loan, | 1,500 | 6 | 4⅝ |
| £26,800 (part) | |||
| Sewerage Drainage Loan, | 300 | 5¾ | 4⅜ |
| £26,800 (part) | |||
| Sewerage Drainage Loan, | 1,000 | 5¾ | 4⅜ |
| £26,800 (part) | |||
| Sewerage Drainage Loan, | 20,400 | 6 | 4⅘ |
| £26,800 (part) | |||
| Sewerage Drainage Loan, | 3,600 | 5¾ | 4⅜ |
| £26,800 (part) | |||
| Sewer Drainage 10-per-cent. | 2,600 | 5¾ | 4⅜ |
| Loan, £2,680 | |||
| Streets Loan, £70,000 | 70,000 | 6 | 4⅘ |
| Drainage and Library Renewal | 4,200 | 5¼ | 4¼ |
| Loan of £51,500 (part) | |||
| Streets 10-per-cent. Loan of | 7,000 | 5¾ | 4⅜ |
| £7,000 | |||
| Total | £271,300 |
*This Order applies only to Debenture No. 1 of £12,100 issued in respect of this loan.
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 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
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.
E
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VUW Te Waharoa —
NZ Gazette 1934, No 31
NZLII —
NZ Gazette 1934, No 31
✨ LLM interpretation of page content
💰
Hamilton Borough Loans Conversion Order, 1934 (No. 7)
(continued from previous page)
💰 Finance & Revenue27 April 1934
Loans, Conversion, Local Authority, Hamilton Borough Council, Order in Council, Sinking Fund, Special Rate, Premium Calculation, Interest Rates, Maturity Dates