✨ Loan Conversion Notices
2800
THE NEW ZEALAND GAZETTE.
[No. 67
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 Manager, Bank of New Zealand, Limited, Auckland, on or before the 14th day of September, 1934.
If notice of dissent from the conversion of any existing 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 September, 1934.
Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, Manurewa Town Board, Manurewa.
Dated the 27th day of August, 1934.
550
W. T. COX, Chairman.
MANUREWA TOWN BOARD.
CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the No. 2 Loans Conversion Order, 1934, of debentures or other securities in respect of the following loan:—
Loan to be converted.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| Original. | Existing. | ||
| Public Park and Recreation Reserve Loan of £2,000 (1922) | £ 2,000 | Per Cent. 6 | Per Cent. 4½ |
Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loan 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 securities having new maturity dates and bearing interest at 4½ per cent. per annum.
The conversion will take effect from the 1st September, 1934.
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 Manager, Bank of New Zealand, Limited, Auckland, on or before the 14th day of September, 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 September, 1934.
Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, Manurewa Town Board, Manurewa.
Dated the 27th day of August, 1934.
551
W. T. COX, Chairman.
K SYSTEM LTD.
PURSUANT to section 126 of the Companies Act, 1933, notice is hereby given of resolutions entered in the company’s minute-book on Thursday, 16th August, 1934, as follows:—
“It is hereby resolved that the company cannot by reason of its liabilities continue its business and that it is advisable to wind up.
“In pursuance of section 235 of the Companies Act, 1933, it is hereby resolved that Mr. R. A. SPINLEY, Public Accountant, 203 British Chambers, High Street, be nominated a person to be liquidator for the purpose of winding up the affairs and distributing the assets of the company.”
E. KENDAL.
D. DONALDSON.
W. R. JONES.
W. R. T. HAMILTON per W. R. JONES.
HUGH G. KENDAL.
JOHN R. MORLEY.
Dated this 17th day of August, 1934.
548
HOROWHENUA COUNTY COUNCIL.
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 Horowhenua County Council Loans Conversion Order, 1934, the Horowhenua County Council 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 Horowhenua County Council 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, instalments of principal and interest, and other charges on the unconverted securities issued in respect of such loans, the said Horowhenua County Council hereby makes and levies a special rate of twenty-three sixty-fourths of one penny (23/64d.) in the pound upon the rateable value (on the basis of the capital value) of all the 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 yearly on the 1st day of July in each and every year until the last maturity date of such securities, being the 1st day of April, 1966, or until all such securities are fully paid off.”
I certify the foregoing is a true copy of a resolution passed by the Horowhenua County Council at a meeting held on the 11th day of August, 1934.
552
F. H. HUDSON, County Clerk.
HOROWHENUA COUNTY COUNCIL.
CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Horowhenua County Council Loans Conversion Order, 1934, 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. | ||
| Main Highways Loan | £ 18,000 | Per Cent. 6 | Per Cent. 4½ |
| Main Highways Loan (1926) | 26,000 | 5¾ | 4½ |
| Main Highways Loan (1927) | 15,000* | 6 | 4½ |
| Main Highways Loan (1927) | 10,000 | 6 | 4½ |
| Main Highways Loan (1930) | 5,000 | 5¾ | 4½ |
| Manawatu River Bridge and Approaches Loan (1931) | 6,500 | 6 | 4½ |
| Waikanae River Special-rating District Loan | 500 | 5 | 4¼ |
| Makerua Estates Loan | 2,800 | 5 | 4¼ |
| Ashlea-Temukanui Special-rating Area Roads Loan (1925) | 4,100 | 6 | 4½ |
| Waikawa South Road Extension Special-rating District Loan (1927) | 1,400 | 6 | 4½ |
| Waihoanga Bridge Loan (1929) | 1,150* | 5½ | 4½ |
| Main and Buller Roads Water-supply Loan (1930) | 285 | 5¾ | 4½ |
| Main Highways Loan (1925) £12,000 (part) | 7,000 | 5¾ | 4½ |
| Total | £97,735 |
*Less amounts repaid up to date of conversion.
Notice is hereby given to the holders of debentures or other securities issued by the Horowhenua County 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.
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VUW Te Waharoa —
NZ Gazette 1934, No 67
NZLII —
NZ Gazette 1934, No 67
✨ LLM interpretation of page content
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Manurewa Town Board Loans Conversion Notice
(continued from previous page)
💰 Finance & Revenue27 August 1934
Loans Conversion, Debentures, Manurewa Town Board, Interest Reduction
- W. T. Cox, Chairman
🏭 K System Ltd. Liquidation Notice
🏭 Trade, Customs & Industry17 August 1934
Company Liquidation, Resolutions, K System Ltd.
- R. A. Spinley, Nominated as liquidator
- E. Kendal
- D. Donaldson
- W. R. Jones
- W. R. T. Hamilton
- Hugh G. Kendal
- John R. Morley
💰 Horowhenua County Council Special Rate Resolution
💰 Finance & Revenue11 August 1934
Special Rate, Loans Conversion, Horowhenua County Council
- F. H. Hudson, County Clerk
💰 Horowhenua County Council Loans Conversion Notice
💰 Finance & RevenueLoans Conversion, Debentures, Horowhenua County Council