Local Government Loan Conversions




Nov. 1.] THE NEW ZEALAND GAZETTE. 3461

MOSGIEL BOROUGH COUNCIL.

I, ALFRED FLEMING QUELCH, Mayor of the Borough of Mosgiel, hereby certify that the following resolution regarding loans conversion was passed at a special meeting of the Mosgiel Borough Council held on 3rd October, 1934, and was duly advertised in The Otago Daily Times on 6th October, 1934, and in The Evening Star on 13th October, 1934, and was confirmed at a special meeting of the Mosgiel Borough Council held for the purpose on 24th October, 1934.

“ 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 Mosgiel Borough Loans Conversion Order, 1934, the Mosgiel Borough Council hereby resolves to issue new securities in conversion of the existing debentures or other securities in respect of loans to the total amount of £9,500, being the loans specified in the First Schedule of the Mosgiel Borough Loans Conversion Order, 1934, dated the 10th day of September, 1934, and published in the New Zealand Gazette of the 13th day of September, 1934, at page 2887; such new securities to be issued and the conversion to be effected in accordance with the provisions of the said Mosgiel Borough Loans Conversion Order, 1934.”

A. F. QUELCH, Mayor.
845

WHAKATANE BOROUGH COUNCIL.

In the matter of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and in the matter of the Whakatane Borough Loans Conversion Orders, 1934 (Nos. 1 and 2).

I, WILLIAM SULLIVAN, Mayor of the Borough of Whakatane, hereby certify that resolutions to issue new securities in conversion of existing securities to which the Whakatane Borough Loans Conversion Order, 1934 (No. 1), and the Whakatane Borough Loans Conversion Order, 1934 (No. 2), apply have been duly passed and confirmed.

Dated this 25th day of October, 1934.

W. SULLIVAN, Mayor.
846

HAURAKI UNITED DRAINAGE BOARD.

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the No. 1 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.
Drainage Loan (1926) £15,500 (part) £ 10,000 Per Cent. 6 Per Cent. 4⅔
Ditto .. .. 4,500 6 4⅔
Total .. £14,500

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Hauraki United Drainage Board 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 4½ per cent. per annum.

The conversion will take effect from the 1st day of December, 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 Bank of New Zealand, Thames, or the Clerk to the Board, Turua, on or before the 15th day of December, 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 December, 1934.

Further particulars as to the new debentures and the conversion generally may be obtained from the Bank of New Zealand, Thames, or from the Clerk to the Board, Turua.

Dated the 25th day of October, 1934.

H. H. HICKS, Chairman.
847

HAURAKI UNITED DRAINAGE 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 issued in respect of the following loan:—

Loan to be converted.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
Central Drainage Loan (1928) £ 1,000 Per Cent. 6 Per Cent. 4⅔

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loan that the Hauraki United Drainage Board 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 4½ per cent. per annum.

The conversion will take effect from the 1st day of December, 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 Bank of New Zealand, Thames, or the Clerk to the Board, Turua, on or before the 15th day of December, 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 day of December, 1934.

Further particulars as to the new debentures and the conversion generally may be obtained from the Bank of New Zealand, Thames, or from the Clerk to the Board, Turua.

Dated the 25th day of October, 1934.

H. H. HICKS, Chairman.
848

WAITEMATA ELECTRIC-POWER BOARD.

In the matter of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and in the matter of the Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2), and the Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2) Amendment Order.

I, WILLIAM RICHARD THOM LEIGHTON, Chairman of the Waitemata Electric-power Board, hereby certify that a resolution to issue new securities in conversion of existing securities to which the above conversion Orders apply has been duly passed and confirmed.

Dated this 23rd day of October, 1934.

W. R. T. LEIGHTON, Chairman.
849

WAITEMATA ELECTRIC-POWER BOARD.

RESOLUTION MAKING SPECIAL RATE.

IN pursuance and in 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, the Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2), and the Waitemata Electric-power Board Loans Conversion Order, 1934 (No. 2) Amendment Order, the Waitemata Electric-power Board 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 Waitemata Electric-power Board under the above-mentioned Act and Orders 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 on the unconverted securities issued in respect of such loans, the said Waitemata Electric-power Board hereby makes and levies a special rate of one-sixth of a penny in the pound (⅙d.) upon the rateable value (on the basis of the capital value) of all rateable property of the



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🏘️ Mosgiel Borough Council Loan Conversion Resolution

🏘️ Provincial & Local Government
Loan conversion, Mosgiel Borough Council, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • Alfred Fleming Quelch, Mayor of the Borough of Mosgiel

🏘️ Whakatane Borough Council Loan Conversion Certification

🏘️ Provincial & Local Government
25 October 1934
Loan conversion, Whakatane Borough Council, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • William Sullivan, Mayor of the Borough of Whakatane

🏘️ Hauraki United Drainage Board Loan Conversion Notice (No. 1)

🏘️ Provincial & Local Government
25 October 1934
Loan conversion, Hauraki United Drainage Board, Drainage Loan, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • H. H. Hicks, Chairman of the Hauraki United Drainage Board

🏘️ Hauraki United Drainage Board Loan Conversion Notice (No. 2)

🏘️ Provincial & Local Government
25 October 1934
Loan conversion, Hauraki United Drainage Board, Central Drainage Loan, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • H. H. Hicks, Chairman of the Hauraki United Drainage Board

🏘️ Waitemata Electric-Power Board Loan Conversion Certification

🏘️ Provincial & Local Government
23 October 1934
Loan conversion, Waitemata Electric-Power Board, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • William Richard Thom Leighton, Chairman of the Waitemata Electric-Power Board

🏘️ Waitemata Electric-Power Board Special Rate Resolution

🏘️ Provincial & Local Government
Special rate, Waitemata Electric-Power Board, Loan conversion, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33
  • Waitemata Electric-Power Board