New Zealand Gazette – 1934 – No. 50

Page 2060

✨ Loans Conversion Details



2060
THE NEW ZEALAND GAZETTE.
[No. 50

LOANS TO BE CONVERTED—continued.

Name. Amount. Rate of Interest. Date of Maturity.
£ Original. Existing.
Per Cent. Per Cent.
Streets Improvement, &c., Loan, 1925 (seventh portion, 1927) 3,500 5½ 4¾
Traffic-bridge Loan (third portion) 1,500 5½ 4¾
Traffic-bridge Loan (fourth portion) 2,100 5½ 4¾
Relief of Unemployment Loan, 1927 2,200 5½ 4¾
Waterworks Land Purchase Loan 1,200 4½ 4¾
Baths Supplementary Loan, 1927 400 5½ 4¾
Streets Improvement, &c., Loan, 1925 (eighth portion, 1927) 1,000 5½ 4¾
Traffic - bridge Supplementary Loan, 1928 800 5½ 4¾
Baths Supplementary Loan (No. 2), 1928 475 5½ 4¾
Streets Improvement, &c., Loan, 1925 (ninth portion, 1928) 2,500 5½ 4¾
Streets Improvement, &c., Loan, 1925 (tenth portion, 1928) 1,000 5½ 4¾
Streets Improvement, &c., Loan, 1925 (eleventh portion, 1928) 500 5½ 4¾
Relief of Unemployment Loan, 1928 800 5½ 4¾
Streets Improvement, &c., Loan, 1925 (twelfth portion, 1928) 2,000 5½ 4¾
Drainage Renewal Loan, 1928 5,500 5½ 4¾
Streets Improvement, &c., Loan, 1925 (thirteenth portion, 1929) 2,000 5½ 4¾
Water Reticulation Renewal Loan, 1932 7,700 5½ 4¾
Drainage Extension Loan, 1916 3,000 5 4¾
Streets Improvement, &c., Loan, 1925 (fourteenth portion, 1932) 2,500 5½ 4¾
Gas and Water Renewal Loan, 1932 18,500 5½ 4¾
Abattoir Renewal Loan, 1920 7,500 5½ 4¾
Gas Extension Loan, 1931 (£27,000), (part) 24,800 5½ 4¾
Gas Extension Loan, 1931 (£27,000), (part) 2,200 5 4¾
Total .. £205,075

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.

[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 the date 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.



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✨ LLM interpretation of page content

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

💰 Finance & Revenue
25 June 1934
Loans Conversion, Nelson City Council, Local Authorities Interest Reduction, Order in Council