New Zealand Gazette – 1934 – No. 73

Page 3132

✨ Loan Conversion Schedules

3132
THE NEW ZEALAND GAZETTE.
[No. 73

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 £72,900.	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 £72,900.
1st December, 1935..	£1,500	1st December, 1948	£2,900
" 1936..	1,600	" 1949	3,000
" 1937..	1,600	" 1950	3,100
" 1938..	1,700	" 1951	3,200
" 1939..	1,700	" 1952	3,300
" 1940..	1,800	" 1953	3,400
" 1941..	1,900	" 1954	3,600
" 1942..	2,000	" 1955	3,800
" 1943..	2,100	" 1956	4,000
" 1944..	2,200	" 1957	4,100
" 1945..	2,300	" 1958	4,200
" 1946..	2,500	" 1959	4,300
" 1947..	2,700	" 1960	4,400
Total ..	..	..	£72,900

FOURTH SCHEDULE.
COMPUTATION OF PREMIUMS.

THE amount of the premium payable on the conversion of any existing securities shall be equal to the product obtained by multiplying the following factors, namely:—
(a) The difference between one year’s interest on the amount of principal secured by the existing securities at the rate payable thereon immediately before the date of conversion and one year’s interest on the same amount at the rate payable on the new securities; and
(b) The appropriate factor specified in the Table of Factors hereinafter set out, according to the period between the date of conversion and the maturity date of the existing securities.
For the purpose of computing any such period as is mentioned in paragraph (b) of the last preceding clause, any fraction of a half-year that is not less than three months shall be counted as a half-year, and any such fraction that is less than three months shall not be taken into account.

Table of Factors.

Period from Date of Conversion to Maturity Date of Existing Securities.	Factor.	Period from Date of Conversion to Maturity Date of Existing Securities.	Factor.
Years.		Years.
½	0·488998	19½	12·891438
1	0·967235	20	13·096761
1½	1·434948	20½	13·297566
2	1·892370	21	13·493952
2½	2·339726	21½	13·686017
3	2·777238	22	13·873855
3½	3·205123	22½	14·057560
4	3·623592	23	14·237222
4½	4·032853	23½	14·412931
5	4·433108	24	14·584774
5½	4·824556	24½	14·752835
6	5·207389	25	14·917198
6½	5·581799	25½	15·077944
7	5·947970	26	15·235153
7½	6·306083	26½	15·388903
8	6·656316	27	15·539270
8½	6·998842	27½	15·686327
9	7·333831	28	15·830149
9½	7·661448	28½	15·970806
10	7·981856	29	16·108367
10½	8·295214	29½	16·242902
11	8·601676	30	16·374476
11½	8·901395	30½	16·503155
12	9·194518	31	16·629003
12½	9·481191	31½	16·752081
13	9·761556	32	16·872451
13½	10·035752	32½	16·990172
14	10·303914	33	17·105303
14½	10·566175	33½	17·217900
15	10·822665	34	17·328020
15½	11·073511	34½	17·435716
16	11·318837	35	17·541042
16½	11·558765	35½	17·644051
17	11·793413	36	17·744793
17½	12·022898	36½	17·843319
18	12·247333	37	17·939676
18½	12·466829	37½	18·033913
19	12·681496

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VUW Te Waharoa — NZ Gazette 1934, No 73

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✨ LLM interpretation of page content

💰 Maturity Dates of New Securities (continued from previous page)

Domain💰 Finance & Revenue
KeywordsLoan Conversion, Maturity Dates, Securities, Principal Amounts

💰 Computation of Premiums for Loan Conversion (continued from previous page)

Domain💰 Finance & Revenue
KeywordsLoan Conversion, Premium Calculation, Interest Rates, Maturity Periods, Factors Table

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