Local Authority Loan Conversions




Aug. 30.] THE NEW ZEALAND GAZETTE. 2799

TAUMARUNUI BOROUGH COUNCIL.

Taumarunui Borough Loans Conversion Orders, 1934 (Nos. 1, 2, and 3).

I, CECIL AUGUSTUS BOLES, Mayor of the Borough of Taumarunui, do hereby certify that pursuant to the provisions of subsection (2) of section 9 of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, a resolution was duly passed at a special meeting of the Taumarunui Borough Council held on the 31st day of July, 1934, and confirmed on the 21st day of August, 1934, providing for the issue under Part II of that Act of new securities in conversion of existing securities issued in respect of the loans set forth in the First Schedule to the Taumarunui Borough Loans Conversion Orders, 1934 (Nos. 1, 2, and 3), as published in the New Zealand Gazette of the 13th July, 1934, No. 54, pages 2168, 2170, and 2173.

C. A. BOLES,
Mayor of Taumarunui.

546

TAUMARUNUI BOROUGH COUNCIL.

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Taumarunui Borough Council Loans Conversion Order, 1934 (No. 3), of debentures or other securities issued in respect of the following loans :—

Loans to be converted.

Name. Amount. Rate of Interest. Date of Maturity
Original. Existing.
Wanganui River Bridge Loan, £775 £775 Per Cent. 6 Per Cent. 4½
Streets Improvement Loan, £32,000 (part) 3,000 6
Streets Improvement Loan, £32,000 (part) 5,000 6
Streets Improvement Loan, £32,000 (part) 9,000 6
Streets Improvement Loan, £32,000 (part) 3,600 6
Streets Improvement Loan, £32,000 (part) 1,000 6
Electric Light and Power Supplementary Loan 4,700 6
Electric Light and Power Extension Loan 7,000 6
Land-purchase Loan.. 2,200 6
River-bank Protection Loan 6,000 6
Abattoir Loan 5,500 6
Abattoir Supplementary Loan 550 6
Extension of Water Reticulation Loan 4,300 6
Ongarue River Bridge Loan, 1926 1,600 6
Ongarue River Bridge Loan, 1929 325
Road Machinery Loan 1,900
Municipal Saleyards and Land Acquisition Loan 1,600 5
£58,050

Notice is hereby given to the holders of debentures or other securities issued by the Taumarunui Borough Council 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.

The Taumarunui Borough Council reserves the right to redeem all or any of the new debentures on such date (being not earlier than the 1st day of November, 1950) as the Taumarunui Borough Council may specify in a notice in that behalf to be published in the Gazette at least three months before such earlier date.

The conversion will take effect from the 1st day of November, 1934.

547

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 the Town Clerk, Council Chambers, Huia Street, Taumarunui, on or before the 15th day of November, 1934.

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 1st November, 1934.

Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, Council Chambers, Huia Street, Taumarunui.

Dated the 23rd day of August, 1934.

C. A. BOLES, Mayor.

MANUREWA TOWN BOARD.

CONVERSION OF LOANS.

PUBLIC notice is hereby given that the Manurewa Town Board at a special meeting held on the 13th day of August, 1934, passed a resolution to convert the loans as set forth in the New Zealand Gazette No. 61 of the 3rd August, 1934, under the Manurewa Town Board Loans Conversion Orders, 1934 (Nos. 1, 2, 3, and 4), on pages 2391, 2397, 2402, and 2406, respectively, and that such resolution was duly confirmed by the said Manurewa Town Board at an ordinary meeting held on Monday, the 27th day of August, 1934.

Dated at Manurewa, this 29th day of August, 1934.

W. T. COX, Chairman.

549

MANUREWA TOWN BOARD.

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the No. 1 Loans Conversion Order, 1934, of debentures or other securities in respect of the following loans :—

Loans to be converted.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
Plant Purchase Loan of £550 £550 Per Cent. 6 Per Cent. 4½
Road Improvements and Footpath Formation and Surfacing Loan of £15,650 14,200 6
Beautification of District, Plan of District, Water and Sewerage Investigation and Preliminary Work Loan of £2,000 2,000 6
Great South Road Supplementary Road Improvement and Footpath Formation and Surfacing Loan of £7,500 7,500 6
Recreation Reserve Improvement Loan of £300 300 6
Cemetery and Dump Loan of £1,500 1,500 6
Total £25,450

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Manurewa Town Board 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 the 1st September, 1934.



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✨ LLM interpretation of page content

💰 Taumarunui Borough Council Loans Conversion Certification

💰 Finance & Revenue
31 July 1934
Loans Conversion, Taumarunui Borough Council, Local Authorities Interest Reduction Act
  • Cecil Augustus Boles, Mayor of Taumarunui

💰 Taumarunui Borough Council Loans Conversion Notice

💰 Finance & Revenue
23 August 1934
Loans Conversion, Debentures, Taumarunui Borough Council, Interest Reduction
  • C. A. Boles, Mayor

💰 Manurewa Town Board Loans Conversion Resolution

💰 Finance & Revenue
29 August 1934
Loans Conversion, Manurewa Town Board, Local Authorities Interest Reduction Act
  • W. T. Cox, Chairman

💰 Manurewa Town Board Loans Conversion Notice

💰 Finance & Revenue
Loans Conversion, Debentures, Manurewa Town Board, Interest Reduction