New Zealand Gazette – 1934 – No. 76

Page 3199

✨ Loan Conversion Details



Oct. 11.] THE NEW ZEALAND GAZETTE. 3199

FIRST SCHEDULE.
LOANS TO BE CONVERTED.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
£ Per Cent. Per Cent.
Gasworks No. 1 Repayment Loan 7,250 6 4½ 28th February, 1937.
Gasworks No. 2 Repayment Loan 4,500 6 4½ 31st December, 1936.
Gasworks Extension Loan .. 27,000 5¼ 4¼ 1st January, 1957.
Gasworks Extension Supplementary Loan 2,000 6 4⅜ 18th May, 1937.
Gasworks Water-gas Plant Loan 6,000 6 4⅜ 1st September, 1945.
Bannister Street No. 3 Repayment Loan 690 5¾ 4⅜ 28th August, 1938.
Abattoir Loan .. .. 3,750 4½ 4¼ 30th June, 1945.
Sundry Works No. 1 Repayment Loan 13,900 5¾ 4⅜ 31st December, 1951.
Drainage Extension Loan .. 32,000 5¼ 4¼ 1st November, 1952.
Drainage Extension Supplementary Loan 3,200 6 4⅘ 1st August, 1957.
Drainage Extension Loan, £29,500 (part) 9,500 6 4⅜ 1st August, 1944.
Ditto .. .. .. 2,500 6 4⅘ 12th February, 1935.
,, .. .. .. 2,500 6 4⅜ 1st March, 1944.
Drainage Extension Supplementary Loan 2,950 6 4⅜ 12th February, 1935.
Waterworks Extension Loan, £16,500 (part) 11,500 4½ 4¼ 1st March, 1951.
Antecedent Liability Loan .. 14,999 5½ 4⅜ 1st October, 1943.
North Ward Water Reticulation Loan 9,000 6 4⅜ 1st April, 1945.
South Ward Revised Water Reticulation Loan 12,750 6 4⅜ 1st September, 1945.
North Ward Flood-damage Loan 1,500 5¾ 4⅜ 1st June, 1935.
North Ward Water Reticulation Supplementary Loan 900 6 4⅜ 1st April, 1946.
Sewerage Loan .. .. 4,500 6 4⅜ 1st December, 1946.
Municipal Buildings Loan .. 11,000 5 4¼ 1st March, 1951.
North Ward Water Loan .. 1,100 5¼ 4¼ 28th February, 1954.
North Ward No. 1 Repayment Loan 2,950 5¼ 4¼ 1st January, 1950.
Total .. .. £187,939

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 4¼ 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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✨ LLM interpretation of page content

💰 Masterton Borough Loans Conversion Order, 1934 (No. 1) (continued from previous page)

💰 Finance & Revenue
8 October 1934
Local Authorities Interest Reduction and Loans Conversion Act 1932–33, loan conversion, Masterton Borough Council, debentures, premiums, sinking fund