New Zealand Gazette – 1934 – No. 61

Page 2414

✨ Loan Conversion Order Details



2414
THE NEW ZEALAND GAZETTE.
[No. 61

On presentation of this debenture at
, in New Zealand, on or after
the
day of
, 19
, the bearer thereof will be entitled to receive £
. [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.] 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
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 loans 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 loans,
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 of the district, 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 DATE 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 £55,250. 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 £55,250.
£ £
1st September, 1935 5,350 1st September, 1945 1,100
1st March, 1936 1,700 1st March, 1946 1,200
1st September, 1936 1,700 1st September, 1946 1,200
1st March, 1937 1,400 1st March, 1947 1,200
1st September, 1937 1,400 1st September, 1947 1,200
1st March, 1938 1,400 1st March, 1948 1,300
1st September, 1938 1,400 1st September, 1948 1,300
1st March, 1939 1,400 1st March, 1949 1,300
1st September, 1939 1,400 1st September, 1949 1,300
1st March, 1940 1,400 1st March, 1950 1,400
1st September, 1940 1,400 1st September, 1950 1,400
1st March, 1941 1,000 1st March, 1951 1,400
1st September, 1941 1,000 1st September, 1951 1,400
1st March, 1942 1,000 1st March, 1952 1,500
1st September, 1942 1,000 1st September, 1952 1,500
1st March, 1943 1,000 1st March, 1953 1,500
1st September, 1943 1,100 1st September, 1953 1,500
1st March, 1944 1,100 1st March, 1954 1,600
1st September, 1944 1,100 1st September, 1954 1,600
1st March, 1945 1,100
Total .. .. .. £55,250


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✨ LLM interpretation of page content

💰 Gore Borough Loans Conversion Order, 1934 (No. 1) (continued from previous page)

💰 Finance & Revenue
30 July 1934
Loan Conversion, Debentures, Local Authorities, Gore Borough Council, Securities, Interest Rates, Order in Council