New Zealand Gazette – 1934 – No. 73

Page 3043

✨ Local Authority Loans Conversion Order



SEPT. 28.] THE NEW ZEALAND GAZETTE. 3043

On presentation of this debenture at , in New Zealand, on or after
the day of , 19 , the bearer thereof will be entitled to receive £ .
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 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 DATES 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 £17,605. 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 £17,605.
30th November, 1935 £250 30th November, 1951 £550
" 1936 250 " 1952 550
" 1937 300 " 1953 600
" 1938 300 " 1954 600
" 1939 350 " 1955 650
" 1940 350 " 1956 650
" 1941 400 " 1957 700
" 1942 450 " 1958 750
" 1943 450 " 1959 800
" 1944 450 " 1960 850
" 1945 450 " 1961 850
" 1946 450 " 1962 850
" 1947 500 " 1963 875
" 1948 500 " 1964 930
" 1949 500 " 1965 950
" 1950 500
Total .. .. .. £17,605

B



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✨ LLM interpretation of page content

💰 Glen Eden Town Board Loans Conversion Order, 1934 (No. 1) (continued from previous page)

💰 Finance & Revenue
24 September 1934
Loans, Conversion, Local Authority, Glen Eden Town Board, Securities, Sinking Fund, Premiums, Brokerage, Schedules, Forms
  • A.B., Chairman
  • C.D., Treasurer