3628
THE NEW ZEALAND GAZETTE.
[No. 83

CHRISTCHURCH CITY COUNCIL.

RESOLUTION MAKING SPECIAL RATE.

Christchurch City Council Conversion Loan, 1935, of £1,010,115.

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 Christchurch City Loans Conversion Order, 1934, the Christchurch City Council 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 Christchurch City Council under the abovementioned Act and Order in conversion of existing securities issued in respect of loans set out in the First Schedule of that Order, and also the interest, sinking fund, and other charges on the unconverted securities issued in respect of such loans, the said Christchurch City Council hereby makes and levies a special rate of 1s.5½d. pence in the pound upon the rateable value (on the basis of the unimproved value) of all rateable property within the City of Christchurch, and that such special rate shall be an annually recurring rate during the currency of such securities and be payable yearly on the 1st day of April in each and every year until the last maturity date of such securities, being the 31st March, 1955, or until all such securities are fully paid off.”

The foregoing resolution was duly carried at the meeting of the Christchurch City Council on Monday, 5th November, 1934.

Dated this 7th day of November, 1934.

J. K. ARCHER, Deputy Mayor.
J. S. NEVILLE, Town Clerk.

933

MATAMATA COUNTY COUNCIL.

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Matamata County Loans Conversion Order, 1934 (No. 1), of debentures or other securities issued in respect of the following loans:—

Loans to be converted.

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Matamata County Council 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.

In respect of any new security the specified maturity date of which is a date later than the first day of December, one thousand nine hundred and fifty, the Matamata County Council reserves the right at its option to redeem the aforesaid security on any date prior to that so specified (but not earlier than the first day of December, one thousand nine hundred and fifty), as the Council may fix by notice in that behalf to be published in the New Zealand Gazette at least six months before such prior date.

The conversion will take effect from 1st 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 County Clerk, Matamata County Council, Tiran, 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 County Clerk, Matamata County Council, Tiran.

Dated the 9th day of November, 1934.

JAMES W. ANDERSON,
County Chairman.

944

MATAMATA COUNTY COUNCIL.

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Matamata County Loans Conversion Order, 1934 (No. 2), of debentures or other securities issued in respect of the following loans:—

Loans to be converted.

*Less amount of principal repaid up to the date of conversion.