New Zealand Gazette – 1935 – No. 40

Page 1450

✨ Loan Conversion Details

1450
THE NEW ZEALAND GAZETTE.
[No. 40

FIRST SCHEDULE—continued.
LOANS TO BE CONVERTED—continued.

Name.	Amount.	Rate of Interest.		Date of Maturity.
		Original.	Existing.
Kayes-Schlaepfers’ Road (Helvetia) Special Rating Area Loan of £300 (1929)	£ 300	Per Cent. 5½	Per Cent. 4⅔	1st December, 1949.
Maraerahia Road (Waiuku) Special Rating Area Loan of £250 (1930)	250	5½	4⅔	25th March, 1950.
Karaka Point Road Special Rating Area Loan of £480 (1930) (£80 not raised)	400	5¾	4⅔	1st June, 1951.
Park Road (Waiuku) Special Rating Area Loan of £250 (1930)	250	5½	4⅔	25th March, 1950.
Te Toro Special Rating Area Loan of £1,000 (1929)	1,000	5½	4⅔	25th September, 1950.
Boundary and Cooks’ Roads (Waipipi) Special Rating Area Loan of £250 (1930)	250	5¾	4⅔	1st June, 1950.
Ellett-Carpenter Road (Karaka) Special Rating Area Loan of £200 (1930)	200	5¾	4⅔	1st June, 1951.
Awhitu-Pollok Main Road Loan of £9,000 (1930) (part)	3,000	5¾	4⅔	1st December, 1950.
Goodwin Road (Aka Aka) Special Rating Area Loan of £1,000 (1925)	1,000	6	4⅔	5th December, 1961.
Clarks Road (Karaka) Special Rating Area Loan of £800 (1925)	800	6	4⅔	5th December, 1961.
Yates Road (Buckland) Special Rating Area Loan of £600 (1925)	600	6	4⅔	5th December, 1961.
Harris Road (Otata) Special Rating Area Loan of £400 (1925)	400	6	4⅔	5th December, 1961.
Karaka North Road Special Rating Area Loan of £600 (1925)	600	6	4⅔	5th December, 1961.
Rutherford Road (Pukekohe East) Special Rating Area Loan of £400 (1925)	400	6	4⅔	5th December, 1961.
Maungatawhiri Subdivision (late Waikato River Board) (1915) Loan	500	5	4¼	2nd April, 1936.
Maungatawhiri Subdivision (late Waikato River Board) (1918) Loan of £1,000 (part)	720	5¼	4¼	1st September, 1938.
Total .. ..	£155,480

SECOND SCHEDULE.
FORMS.

(1) Notice.

[Name of local authority.]

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 , of debentures or other securities issued in respect of the following loans [Particulars of loans].

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the [Name of local authority] 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 4¼ per cent. per annum.

The conversion will take effect from [Date of conversion.]

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 [Name or designation and address of at least one person authorized to receive dissents] on or before the day of , 19 .

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 [Date of conversion].

Further particulars as to the new debentures and the conversion generally may be obtained from [Name or designation and address of at least one person authorized to give particulars.]

Dated the day of , 19 .

, Chairman.

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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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