New Zealand Gazette – 1935 – No. 31

Page 1174

✨ Loan Conversion Order Details



1174
THE NEW ZEALAND GAZETTE.
[No. 31

(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 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 upon the rateable value on the basis of [State whether capital,
unimproved, or annual] value of all rateable property of the district. Such rate shall be
made and levied on a differential basis for each of the several ridings of the district as
follows:—

(a) On all rateable property in the Riding a special rate of [State amount
in the pound];

(b) On all rateable property in the Riding a special rate of [State amount
in the pound];
[State amount of rate to be made and levied in respect of rateable property
in each riding.]

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 DATES 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 £68,350. 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 £68,350.
£ £
31st January, 1936 . . 600 31st July, 1948 . . 1,300
31st July, 1936 . . 800 31st January, 1949 . . 1,400
31st January, 1937 . . 800 31st July, 1949 . . 1,400
31st July, 1937 . . 800 31st January, 1950 . . 1,400
31st January, 1938 . . 900 31st July, 1950 . . 1,400
31st July, 1938 . . 800 31st January, 1951 . . 1,500
31st January, 1939 . . 900 31st July, 1951 . . 1,500
31st July, 1939 . . 900 31st January, 1952 . . 1,500
31st January, 1940 . . 1,000 31st July, 1952 . . 1,600
31st July, 1940 . . 900 31st January, 1953 . . 1,600
31st January, 1941 . . 1,000 31st July, 1953 . . 1,600
31st July, 1941 . . 1,000 31st January, 1954 . . 1,700
31st January, 1942 . . 1,000 31st July, 1954 . . 1,700
31st July, 1942 . . 1,000 31st January, 1955 . . 1,800
31st January, 1943 . . 1,100 31st July, 1955 . . 1,700
31st July, 1943 . . 1,100 31st January, 1956 . . 1,900
31st January, 1944 . . 1,100 31st July, 1956 . . 1,800
31st July, 1944 . . 1,100 31st January, 1957 . . 1,900
31st January, 1945 . . 1,100 31st July, 1957 . . 2,000
31st July, 1945 . . 1,250 31st January, 1958 . . 1,900
31st January, 1946 . . 1,200 31st July, 1958 . . 2,100
31st July, 1946 . . 1,200 31st January, 1959 . . 2,000
31st January, 1947 . . 1,200 31st July, 1959 . . 2,100
31st July, 1947 . . 1,300 31st January, 1960 . . 2,200
31st January, 1948 . . 1,300 31st July, 1960 . . 2,000
Total . . . . . . £68,350


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✨ LLM interpretation of page content

💰 Mangonui County Loans Conversion Order, 1935 (continued from previous page)

💰 Finance & Revenue
17 April 1935
Loan conversion, debentures, securities, local authorities, Mangonui County Council, interest reduction
  • A.B., Chairman
  • C.D., Treasurer