✨ Loan Conversion Order Details
Nov. 8.]
THE NEW ZEALAND GAZETTE.
3519
Notice is hereby given to the holders of debentures or other securities issued in
respect of the above-mentioned loan 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 4½ 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_.
Chairman.
(2) New Debenture.
[Name of local authority], New Zealand.
New debenture, issued pursuant to Part II of the Local Authorities Interest Reduction
and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19_.
New debenture for £, payable at , in New Zealand, on the
day of , 19, issued by the [Name of local authority], New Zealand, under the
above-mentioned Act and Order pursuant to a resolution passed and confirmed by the
said Council [or Board, or as the case may be] as provided by section 9 (2) of the said
Act.
(N.B.—The holder of this debenture has no claim in respect thereof upon the
Government or public revenues of New Zealand.)
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., Chairman.
[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., Chairman.
C.D., Treasurer [or other officer appointed to sign debentures].
THIRD SCHEDULE.
MATURITY DATES OF NEW SECURITIES.
| Date. | Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 17 (2) of this Order if the Total Amount is greater or less than £73,250. | Date. | Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 17 (2) of this Order if the Total Amount is greater or less than £73,250. |
|---|---|---|---|
| 1st July, 1935 | £5,350 | 1st July, 1944 | £1,700 |
| 1st January, 1936 | £2,000 | 1st January, 1945 | £2,700 |
| 1st July, 1936 | £1,100 | 1st July, 1945 | £1,700 |
| 1st January, 1937 | £2,000 | 1st January, 1946 | £2,800 |
| 1st July, 1937 | £1,100 | 1st July, 1946 | £1,800 |
| 1st January, 1938 | £2,200 | 1st January, 1947 | £2,600 |
| 1st July, 1938 | £1,100 | 1st July, 1947 | £1,900 |
| 1st January, 1939 | £2,200 | 1st January, 1948 | £2,000 |
| 1st July, 1939 | £1,300 | 1st July, 1948 | £2,000 |
| 1st January, 1940 | £2,300 | 1st January, 1949 | £2,100 |
| 1st July, 1940 | £1,300 | 1st July, 1949 | £2,100 |
| 1st January, 1941 | £2,300 | 1st January, 1950 | £2,100 |
| 1st July, 1941 | £1,400 | 1st July, 1950 | £2,200 |
| 1st January, 1942 | £2,500 | 1st January, 1951 | £2,300 |
| 1st July, 1942 | £1,400 | 1st July, 1951 | £2,300 |
| 1st January, 1943 | £2,600 | 1st January, 1952 | £2,300 |
| 1st July, 1943 | £1,500 | 1st July, 1952 | £2,400 |
| 1st January, 1944 | £2,600 | ||
| Total | .. | .. | £73,250 |
(T. 49/160/2.)
F. D. THOMSON,
Clerk of the Executive Council.
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VUW Te Waharoa —
NZ Gazette 1934, No 82
NZLII —
NZ Gazette 1934, No 82
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Timaru Harbour Board Loans Conversion Order, 1934 (No. 2)
(continued from previous page)
💰 Finance & RevenueLoan Conversion, Timaru Harbour Board, Order in Council, Local Authorities, Securities
- F. D. Thomson, Clerk of the Executive Council