✨ Loan Conversion Order Details
3426
THE NEW ZEALAND GAZETTE.
[No. 80
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
.
A.B., Mayor.
[l.s.] 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., Mayor.
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 whether in conversion of existing securities issued in
respect of the loans set out in the First Schedule to that Order or for the purpose of
providing for cash premium payments, and also the interest, sinking fund, and other
charges [or, as the case may be, instalments of principal and interest] 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 with the exception of that portion of the County of Eden included in the
said district by Order in Council published in the Gazette on the 30th day of September,
1926, 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 £175,200. | 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 £175,200. |
|---|---|---|---|
| 1st December, 1935 .. | £ 3,000 | 1st December, 1949 | £ 6,400 |
| " 1936 .. | 3,300 | " 1950 | 6,600 |
| " 1937 .. | 3,600 | " 1951 | 6,900 |
| " 1938 .. | 3,800 | " 1952 | 7,100 |
| " 1939 .. | 4,100 | " 1953 | 7,400 |
| " 1940 .. | 4,300 | " 1954 | 7,600 |
| " 1941 .. | 4,500 | " 1955 | 7,800 |
| " 1942 .. | 4,700 | " 1956 | 8,000 |
| " 1943 .. | 5,000 | " 1957 | 8,300 |
| " 1944 .. | 5,200 | " 1958 | 8,500 |
| " 1945 .. | 5,500 | " 1959 | 8,700 |
| " 1946 .. | 5,700 | " 1960 | 8,900 |
| " 1947 .. | 5,900 | " 1961 | 9,100 |
| " 1948 .. | 6,100 | " 1962 | 9,200 |
| Total .. | .. | .. | £175,200 |
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VUW Te Waharoa —
NZ Gazette 1934, No 80
NZLII —
NZ Gazette 1934, No 80
✨ LLM interpretation of page content
💰
Onehunga Borough Loans Conversion Order, 1934 (No. 4)
(continued from previous page)
💰 Finance & Revenue29 October 1934
Loan Conversion, Local Authority, Onehunga Borough Council, Order in Council, Debentures, Securities, Premium Calculation, Interest Rates
- A.B., Mayor
- C.D., Treasurer