✨ Loan Conversion Details
2626
THE NEW ZEALAND GAZETTE.
[No. 65
FIRST SCHEDULE.
LOANS TO BE CONVERTED.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| £ | Original Per Cent. | Existing Per Cent. | |
| Quarry and Plant Loan | 4,250 | 5⅓ | 4⅗ |
| Quarry and Plant 10 per cent. Additional Loan | 425 | 6 | 4⁴⁄₅ |
| Park Improvements Loan | 1,000 | 6 | 4⁴⁄₅ |
| Park Improvements 10 per cent. Additional Loan | 100 | 6 | 4⁴⁄₅ |
| Drainage Loan, First Issue | 10,000 | 6 | 4⁴⁄₅ |
| Drainage Loan, Second Issue | 11,500 | 6 | 4⁴⁄₅ |
| Avenue Road-widening Loan | 175 | 6 | 4⁴⁄₅ |
| Waterworks and Streets Improvement Loan | 3,000 | 6 | 4⁴⁄₅ |
| Drainage Loan 10 per cent. Additional Loan | 2,150 | 6 | 4⁴⁄₅ |
| Septic Tank Loan | 800 | 6 | 4⁴⁄₅ |
| Streets Improvement Loan, First Issue | 30,000 | 6 | 4⁴⁄₅ |
| Streets Improvement Loan, Second Issue | 3,500 | 6 | 4⁴⁄₅ |
| Streets Improvement Loan, Third Issue | 1,500 | 5⅞ | 4⁷⁄₁₀ |
| Streets Improvement Loan, Fourth Issue | 7,850 | 6 | 4⁴⁄₅ |
| Waterworks Improvement Loan | 9,000 | 6 | 4⁴⁄₅ |
| Workers' Dwelling No. 2 Loan | 2,100 | 6 | 4⁴⁄₅ |
| Streets Improvement 10 per cent. Additional Loan | 4,285 | 6 | 4⁴⁄₅ |
| Drainage Improvements Loan, First Issue | 10,000 | 6 | 4⁴⁄₅ |
| Drainage Improvements Loan, Second Issue | 2,700 | 6 | 4⁴⁄₅ |
| Drainage Improvements Loan, Third Issue | 5,000 | 5⅞ | 4⁷⁄₁₀ |
| Drainage Improvements Loan, Fourth Issue | 2,300 | 6 | 4⁴⁄₅ |
| Municipal Buildings 1926 Loan | 7,600 | 6 | 4⁴⁄₅ |
| Mangere Road Improvements 1926 Loan | 11,000 | 6 | 4⁴⁄₅ |
| Unemployment Loan | 1,000 | 5⅜ | 4³⁄₅ |
| Relief of Unemployment Loan, 1927 | 2,900 | 5⅜ | 4³⁄₅ |
| Office and Workshops Site Redemption Loan, 1932 (part) | 200 | 5 | 4¼ |
| Office and Workshops Site Redemption Loan, 1932 (part) | 100 | 5½ | 4¼ |
| Great South Road Redemption Loan, 1932 | 700 | 5½ | 4¼ |
| Princes Street and Empire Lane Widening Loan, 1929 | 500 | 5½ | 4²⁄₅ |
| Total | £135,635 |
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 in respect of the above-mentioned loans that the [Name of local authority] intends 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.
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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VUW Te Waharoa —
NZ Gazette 1934, No 65
NZLII —
NZ Gazette 1934, No 65
✨ LLM interpretation of page content
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Otahuhu Borough Loans Conversion Order, 1934
(continued from previous page)
💰 Finance & Revenue15 August 1934
Loans, Conversion, Local Authority, Otahuhu Borough Council, Securities, Debentures, Order in Council, Sinking Fund, Public Trustee, Premium Calculation, Interest Rates, Maturity Dates