New Zealand Gazette – 1935 – No. 22

Page 1009

✨ Loans Conversion Order

MAR. 29.] THE NEW ZEALAND GAZETTE. 1009

(2) Subject to the provisions of this Order, the provisions of the Local Bodies’ Loans Act, 1926, and of any other Act, shall, so far as applicable and will all necessary modifications, apply with respect to such special rate, and with respect to the principal, interest, and other charges in respect of such securities, as if such special rate were made and levied in respect of a special loan raised under Part I of the said Local Bodies’ Loans Act, 1926.

(3) Upon the making of such special rate every special rate theretofore made in respect of any existing securities to which this Order applies shall cease to be a security for such existing securities.

SECURITIES HELD BY TRUSTEES.

The provisions of sections twenty-two, twenty-three, and twenty-four of the New Zealand Debt Conversion Act, 1932–33 (relating to the adjustment of premiums as between capital and income and to the powers of trustees and other persons in relation thereto), shall apply with respect to existing securities converted into new securities in accordance with this Order in the same way as they apply with respect to securities converted under that Act, save that the references in the said section twenty-two to the first day of April, one thousand nine hundred and thirty-three, shall be construed as references to the day following the date of conversion.

BROKERAGE.

The local authority shall not, in respect of the conversion into new securities of any existing securities to which this Order applies, enter into any contract for the payment of brokerage at a rate exceeding one-quarter per centum of the amount of such existing securities.

FIRST SCHEDULE.

LOANS TO BE CONVERTED.

Name.	Amount.	Rate of Interest.	Date of Maturity.
		Original.	Existing.
		Per Cent.	Per Cent.
Pukekawa (No. 2) Loan (part)	£450*	4½	4¼
Pukemiro Loan .. ..	500*	4½	4¼
Pakoko Bridge Loan ..	60*	4½	4¼
Port Waikato Road Loan (part)	1,000*	4½	4¼
,,	200*	4½	4¼
,,	2,800*	4½	4¼
,,	1,000*	4½	4¼
Waikorea–Waimai Loan (part)	1,000*	4½	4¼
,,	1,500*	4½	4¼
Karioi Loan .. ..	5,500*	4½	4¼
Karioi Supplementary Loan ..	550*	4½	4¼
Dunmore-Pepepe Loan ..	5,000*	4½	4¼
Dunmore - Pepepe Supplementary Loan	500*	6	4⅞
Tiko-Tiko Loan .. ..	800*	4½	4¼
Tiko-Tiko Supplementary Laon	80*	4½	4¼
Wairamarama Loan No. 1 ..	295*	4½	4¼
Wairamarama Loan No. 2 ..	2,000*	4½	4¼
Waimai Valley Loan ..	3,500*	4½	4¼
Waimai Valley Supplementary Loan	350*	4½	4¼
Given’s Road Loan ..	300*	4½	4¼
Raglan-Waipa Loan ..	8,000*	4½	4¼
Raglan - Waipa Supplementary Loan	800*	4½	4¼
Harapepe-Te Rore Loan (part)	1,000*	4½	4¼
,,	500*	4½	4¼
Bothwell-Woodleigh Loan ..	500*	4½	4¼
Bothwell - Woodleigh Supplementary Loan	50*	4½	4¼
Glenmassey Loan .. ..	1,300*	4½	4¼
Whaingaroa Loan .. ..	2,500*	4½	4¼
Ponganui Loan .. ..	2,000*	4½	4¼
Waipa Bridge Loan .. ..	2,000*	4½	4¼
Roto-Ngaro Road Loan .. ..	600*	4½	4¼
Total .. ..	£46,635

Less amount of principal repaid at date of conversion.

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VUW Te Waharoa — NZ Gazette 1935, No 22

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✨ LLM interpretation of page content

💰 Raglan County Loans Conversion Order, 1935 (No. 2) (continued from previous page)

Domain💰 Finance & Revenue
Dated25 March 1935
KeywordsLoans Conversion, Local Authority, Raglan County, Order in Council

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