✨ Loans Conversion Details
2016
THE NEW ZEALAND GAZETTE.
[No. 47
LOANS TO BE CONVERTED—continued.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| Original. | Existing. | ||
| £ | Per Cent. | Per Cent. | |
| Riverside Streets Improvement Loan of £2,200, 1923 | 2,200 | 5¾ | 4¾ |
| Town Hall Conveniences Loan of £390, 1924 | 390 | 5¾ | 4¾ |
| Railway Overhead Bridges Loan of £5,400, 1925 (being part of Loan of £5,450) | 5,400 | 6 | 4¾ |
| Unemployment Relief Loan No. 2 of £4,000, 1926 | 4,000 | 6 | 4¾ |
| Kensington Park Conveniences Loan of £750, 1926 | 700 | 5¾ | 4¾ |
| Western Trunk Sewer Loan of £2,100, 1926 | 2,100 | 5¾ | 4¾ |
| Waterworks Deviation Loan of £1,350, 1926 | 1,050 | 5¾ | 4¾ |
| Ladies’ Rest-room Loan of £2,400, 1927 | 2,400 | 5¾ | 4¾ |
| Waterworks Extension No. 2 Supplementary Loan of £800, 1927 | 800 | 5¾ | 4¾ |
| Maunu Electricity Loan of £4,600, 1927 | 4,600 | 5¾ | 4¾ |
| Maunu Road Construction Loan of £5,900, 1928 | 5,900 | 5½ | 4¾ |
| Sewer Extension Loan, 1928, of £49,000 | 37,100 | 5½ | 4¾ |
| Sewer Extension Loan, 1928, of £49,000 | 11,200 | 5¾ | 4¾ |
| Central Park Improvement Loan of £1,724, 1929 | 1,000 | 5½ | 4¾ |
| Central Park Improvement Loan of £1,724, 1929 | 600 | 5¾ | 4¾ |
| Workers’ Dwelling Loan of £950, 1929 | 950 | 5½ | 4¾ |
| Sewerage Extension Supplementary Loan, 1930, of £4,730 | 1,600 | 5¾ | 4¾ |
| Sewerage Extension Supplementary Loan, 1930, of £4,730 | 500 | 5¼ | 4¼ |
| Sewerage Extension Supplementary Loan, 1930, of £4,730 | 700 | 5¼ | 4¼ |
| Redemption Loan, 1932, of £7,000 | 700 | 5¼ | 4¼ |
| Redemption Loan, 1932, of £7,000 | 5,800 | 5½ | 4¾ |
| Redemption Loan, 1932, of £7,000 | 500 | 5½ | 4¼ |
| Waterworks Extension Loan, 1929, of £17,400 | 6,600 | 5¾ | 4¾ |
| Waterworks Extension Loan, 1929, of £10,000 (being part of £17,400) | 7,800 | 5¾ | 4¾ |
| Waterworks Extension Loan, £10,000 (being part of Waterworks Extension Loan, 1929, of £17,400) | 500 | 5¼ | 4¼ |
| Total .. .. | £233,025 |
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.
[If the local authority reserves the right conferred by clause 16 (1) of the Order to repay any new security at a date prior to that specified therein, particulars of such right to be inserted.]
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.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1934, No 47
NZLII — 🌐 NZ Gazette 1934, No 47
✨ LLM interpretation of page content
💰
Whangarei Borough Loans Conversion Order, 1934 (No. 2)
(continued from previous page)
💰 Finance & Revenue18 June 1934
Loans Conversion, Local Authority, Debentures, Securities, Whangarei Borough, Interest Rates, Sinking Fund, Premiums
💰 Second Schedule Forms for Conversion Notice
💰 Finance & RevenueConversion Notice, Local Authorities, Debentures, Securities, Interest Rates