New Zealand Gazette – 1934 – No. 82

Page 3514

✨ Loan Conversion Order Details



3514
THE NEW ZEALAND GAZETTE.
[No. 82

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 whether in conversion of
existing securities issued in respect of the loans set out in the First Schedule to
that Order, or to provide for cash premium payments, and also the in-
terest, sinking fund, and other charges [or, as the case may be, instalments
of principal and interest] in respect of 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 DATE 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 £191,315. 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 £191,315.
1st October, 1935 .. £ 2,100 1st April, 1947 .. £ 4,200
1st April, 1936 .. 2,500 1st October, 1947 .. 4,300
1st October, 1936 .. 2,200 1st April, 1948 .. 4,400
1st April, 1937 .. 2,700 1st October, 1948 .. 4,500
1st October, 1937 .. 2,300 1st April, 1949 .. 4,600
1st April, 1938 .. 2,700 1st October, 1949 .. 4,700
1st October, 1938 .. 2,500 1st April, 1950 .. 4,800
1st April, 1939 .. 3,000 1st October, 1950 .. 4,900
1st October, 1939 .. 2,800 1st April, 1951 .. 5,000
1st April, 1940 .. 3,200 1st October, 1951 .. 5,100
1st October, 1940 .. 3,000 1st April, 1952 .. 5,100
1st April, 1941 .. 3,200 1st October, 1952 .. 5,200
1st October, 1941 .. 3,300 1st April 1953 .. 5,300
1st April, 1942 .. 3,400 1st October, 1953 .. 5,400
1st October, 1942 .. 3,400 1st April, 1954 .. 5,500
1st April, 1943 .. 3,500 1st October, 1954 .. 5,600
1st October, 1943 .. 3,600 1st April, 1955 .. 5,600
1st April, 1944 .. 3,600 1st October, 1955 .. 5,600
1st October, 1944 .. 3,700 1st April, 1956 .. 5,600
1st April, 1945 .. 3,800 1st October, 1956 .. 5,700
1st October, 1945 .. 3,900 1st April, 1957 .. 5,800
1st April, 1946 .. 4,000 1st October, 1957 .. 5,900
1st October, 1946 .. 4,100 1st April, 1958 .. 6,015
Total .. .. .. £191,315


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✨ LLM interpretation of page content

💰 Grey Electric-power Board Loans Conversion Order, 1934 (continued from previous page)

💰 Finance & Revenue
5 November 1934
Loan Conversion, Grey Electric-power Board, Local Authorities, Securities, Debentures, Financial Regulations
  • A.B., Chairman
  • C.D., Treasurer