New Zealand Gazette – 1934 – No. 63

Page 2582

✨ Loan Conversion Order Details



2582
THE NEW ZEALAND GAZETTE.
[No. 63

New debenture for £
, payable at
, in New Zealand, on the
day of
, 19
, issued by the [Name of local authority], New Zealand, under the
above-mentioned Act and Order pursuant to a resolution passed and confirmed by the
said Council [or Board, or as the case may be] as provided by section 9 (2) of the said
Act.

(N.B.—The holder of this debenture has no claim in respect thereof upon the
Government or public revenues of New Zealand.)

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., Chairman.
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., Chairman.
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 whether in conversion of existing securities issued in
respect of the loans set out in the First Schedule to that Order or for the purpose
of providing for cash premium payments, 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 £55,785. 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 £55,785.
1st May, 1935 £ 485 1st May, 1948 £ 900
1st November, 1935 500 1st November, 1948 1,000
1st May, 1936 500 1st May, 1949 900
1st November, 1936 600 1st November, 1949 1,000
1st May, 1937 500 1st May, 1950 1,000
1st November, 1937 600 1st November, 1950 1,000
1st May, 1938 500 1st May, 1951 1,000
1st November, 1938 600 1st November, 1951 1,100
1st May, 1939 600 1st May, 1952 1,000
1st November, 1939 600 1st November, 1952 1,100
1st May, 1940 600 1st May, 1953 1,200
1st November, 1940 600 1st November, 1953 1,100
1st May, 1941 700 1st May, 1954 1,200
1st November, 1941 700 1st November, 1954 1,200
1st May, 1942 700 1st May, 1955 1,200
1st November, 1942 8,000 1st November, 1955 1,200
1st May, 1943 800 1st May, 1956 1,300
1st November, 1943 700 1st November, 1956 1,300
1st May, 1944 800 1st May, 1957 1,300
1st November, 1944 800 1st November, 1957 1,400
1st May, 1945 800 1st May, 1958 1,400
1st November, 1945 800 1st November, 1958 1,400
1st May, 1946 800 1st May, 1959 1,400
1st November, 1946 900 1st November, 1959 1,500
1st May, 1947 800 1st May, 1960 1,500
1st November, 1947 900 1st November, 1960 1,300
Total .. .. £55,785


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✨ LLM interpretation of page content

💰 Teviot Electric-power Board Loans Conversion Order, 1934 (continued from previous page)

💰 Finance & Revenue
6 August 1934
Loan Conversion, Local Authority, Order in Council, Securities, Teviot Electric-power Board
  • A.B., Chairman
  • C.D., Treasurer