New Zealand Gazette – 1935 – No. 11

Page 356

✨ Loan Conversion Order Details



356
THE NEW ZEALAND GAZETTE.
[No. 11

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., Mayor.
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 in conversion of existing
securities issued in respect of the loans set out in the First Schedule to that
Order, and also the interest, sinking fund, and other charges (or, as the case
may be, instalment 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, exclusive of the area added to such
district by Order in Council of the 14th day of January, 1924, and by Order in
Council of the 17th day of March, 1924, 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 £285,600. 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 £285,600.
30th September, 1935 £4,000 31st March, 1953 .. £2,200
31st March, 1936 .. 4,000 30th September, 1953 2,300
30th September, 1936 3,000 31st March, 1954 .. 2,300
31st March, 1937 .. 1,500 30th September, 1954 2,400
30th September, 1937 1,500 31st March, 1955 .. 2,500
31st March, 1938 .. 1,500 30th September, 1955 2,500
30th September, 1938 1,500 31st March, 1956 .. 2,500
31st March, 1939 .. 1,500 30th September, 1956 2,600
30th September, 1939 2,600 31st March, 1957 .. 2,700
31st March, 1940 .. 1,800 30th September, 1957 4,800
30th September, 1940 6,800 31st March, 1958 .. 5,000
31st March, 1941 .. 2,000 30th September, 1958 5,000
30th September, 1941 6,900 31st March, 1959 .. 5,200
31st March, 1942 .. 2,000 30th September, 1959 5,300
30th September, 1942 7,100 31st March, 1960 .. 5,300
31st March, 1943 .. 2,100 30th September, 1960 5,500
30th September, 1943 2,200 31st March, 1961 .. 5,700
31st March, 1944 .. 2,200 30th September, 1961 5,700
30th September, 1944 2,300 31st March, 1962 .. 5,900
31st March, 1945 .. 2,300 30th September, 1962 5,900
30th September, 1945 2,300 31st March, 1963 .. 6,200
31st March, 1946 .. 2,400 30th September, 1963 6,200
30th September, 1946 2,500 31st March, 1964 .. 6,400
31st March, 1947 .. 2,500 30th September, 1964 6,500
30th September, 1947 2,600 31st March, 1965 .. 6,600
31st March, 1948 .. 2,600 30th September, 1965 6,800
30th September, 1948 2,700 31st March, 1966 .. 6,900
31st March, 1949 .. 2,700 30th September, 1966 7,100
30th September, 1949 2,800 31st March, 1967 .. 7,200
31st March, 1950 .. 2,900 30th September, 1967 7,400
30th September, 1950 2,900 31st March, 1968 .. 7,600
31st March, 1951 .. 2,900 30th September, 1968 7,700
30th September, 1951 2,700 31st March, 1969 .. 7,800
31st March, 1952 .. 2,200 30th September, 1969 8,100
30th September, 1952 2,200 31st March, 1970 .. 8,100
Total .. .. .. £285,600


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✨ LLM interpretation of page content

💰 Gisborne Borough Loans Conversion Order, 1935 (continued from previous page)

💰 Finance & Revenue
18 February 1935
Loans, Conversion, Gisborne Borough Council, Order in Council, Securities, Debentures, Local Authorities Interest Reduction and Loans Conversion Act, 1932–33