New Zealand Gazette – 1935 – No. 40

Page 1447

✨ Loan Conversion Order

MAY 30.] THE NEW ZEALAND GAZETTE. 1447

(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 with all necessary modifications, apply with respect to such special rate, and with respect to the 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.
Pukekohe East Road Board (Whangarata Road) Loan (part)	750*	4½	4¼
Mauku Road Board (Waiau District) Loan (part)	150*	4½	4¼
Hunua Riding Roads Loan (1914)	1,500*	4½	4¼
Waiuku Road Board (Pakington–Mauku) Loan (part)	295*	4½	4¼
Waiuku Road Board (Quarry, Campbell, Barnaby Roads) Loan (part)	400*	4½	4¼
Franklin County Council (Quarry, Campbell, Barnaby Roads) Loan (part)	70*	4½	4¼
Pukekohe West Road Board (Hill No. 2) Loan	650*	4½	4¼
Pukekohe West Road Board (Northern) Loan	1,100*	4½	4¼
Pukekohe West Road Board (Pura Pura) Loan (part)	1,000*	4½	4¼
Ditto	800*	4½	4¼
Pratts Hill Deviation Loan (part)	2,000*	4½	4¼
Ditto	500*	4½	4¼
Hogwoods Deviation (Waiau) Loan (part)	350*	4½	4¼
Ditto	100*	4½	4¼
Browns Road (Tuakau) Loan	400*	4½	4¼
Jamiesons Road (Buckland) Loan	100*	4½	4¼
Paparimu–Moumoukai Road Loan (part)	500*	4½	4¼
Ditto	1,000*	4½	4¼
Arrowsville Road (Aka Aka) Loan	1,000*	4½	4¼
Karaka Road Board (Roads Improvement) Loan (part)	1,000*	4½	4¼
Ditto	1,000*	4½	4¼
,,	1,000*	4½	4¼
,,	1,000*	4½	4¼
,,	1,000*	4½	4¼
,,	1,000*	4½	4¼
Karaka Road Board (Hingaia and Whangamaire Bridges) Loan (part)	2,000*	4½	4¼
Ditto	1,000*	4½	4¼
,,	850*	4½	4¼
Hunua Riding Roads (1917) Loan	1,500*	4½	4¼
Karaka Bridges (Waiau Share) Loan	375*	4½	4¼

Less amount of principal repaid as at date of conversion.

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VUW Te Waharoa — NZ Gazette 1935, No 40

NZLII — NZ Gazette 1935, No 40

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✨ LLM interpretation of page content

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

Domain💰 Finance & Revenue
Dated21 May 1935
KeywordsLoans, Conversion, Local Authority, Franklin County, Securities, Sinking Fund, Premium Payments

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