✨ Loan Conversion Details
JULY 5.] THE NEW ZEALAND GAZETTE. 2089
FIRST SCHEDULE—continued.
LOANS TO BE CONVERTED—continued.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| Original. | Existing. | ||
| £ | Per Cent. | Per Cent. | |
| Mornington Waterworks Redemption Loan, 1928 | 11,000 | 5¼ | 4¼ |
| Antecedent Liability Loan of £297,000—2nd Issue, 1926 | 125,700 | 5½ | 4⅔ |
| Waterworks Loan, 1931, of £44,000 | 44,000 | 5½ | 4⅔ |
| Gasworks Extension Loan, 1928 — 1st Instalment | 50,000 | 5½ | 4⅔ |
| Gasworks Extension Loan, 1928 — 2nd Instalment | 50,000 | 5¼ | 4¼ |
| Gasworks Renewal Loan, 1929, of £13,000 | 13,000 | 5¼ | 4¼ |
| Tramways Extension Loan, 1925, of £100,000 | 18,000 | 5¼ | 4¼ |
| Tramways Extension Loan, 1925, of £100,000 | 65,000 | 5½ | 4⅔ |
| City of Dunedin Tramway Loan, 1915 | 5,000 | 4½ | 4¼ |
| Tramway Loan of £21,000 (1923) | 21,000 | 5 | 4¼ |
| Dunedin City Tramways Repayment Loan, 1922, of £89,300 | 89,300 | 5½ | 4⅔ |
| Mornington Tramway Renewal Loan, 1930, of £4,400 | 4,400 | 5½ | 4⅔ |
| Roslyn Tramway Renewal Loan, 1931, of £30,400 | 30,400 | 5½ | 4⅔ |
| Waipori Falls Electrical Power Loan, 1925 | 200,000 | 5½ | 4⅔ |
| Waipori Falls Electrical Power Loan, 1927 —1st Instalment (part) | 14,000 | 5½ | 4⅔ |
| Waipori Falls Electrical Power Loan, 1927 —2nd Instalment | 115,700 | 5½ | 4⅔ |
| Renewal Loan, 1932, of £282,000—2nd Issue of £35,800 | 35,800 | 5 | 4¼ |
| Waipori Falls Electrical Power Loan, 1927 —2nd Instalment (Part 2) | 34,300 | 5¼ | 4¼ |
| Waipori Falls Electrical Power Loan, 1929, of £200,000 | 100,000 | 5½ | 4⅔ |
| Waipori Falls Electrical Power Dam Construction Loan, 1929, of £225,000—1st Issue of £100,000 | 70,000 | 5¼ | 4¼ |
| Waipori Falls Electrical Power Dam Construction Loan, 1929, of £225,000—Balance of 1st Issue | 30,000 | 5½ | 4⅔ |
| Waipori Falls Electrical Power Dam Construction Loan, 1929, of £225,000—2nd Issue of £100,000 | 80,000 | 5½ | 4⅔ |
| £2,214,700 |
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 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.
B
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VUW Te Waharoa —
NZ Gazette 1934, No 51
NZLII —
NZ Gazette 1934, No 51
✨ LLM interpretation of page content
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Dunedin City Loans Conversion Order, 1934
(continued from previous page)
💰 Finance & Revenue2 July 1934
Loan conversion, Dunedin City Council, Local Authorities Interest Reduction and Loans Conversion Act 1932–33, Order in Council
💰 Forms for Loan Conversion Notice
💰 Finance & RevenueLoan conversion, Notice forms, Local Authorities Interest Reduction and Loans Conversion Act 1932–33