New Zealand Gazette – 1935 – No. 40

Page 1463

✨ Local Authority Loans Conversion

MAY 30.] THE NEW ZEALAND GAZETTE. 1463

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.
Mangatoro Bridge Loan ..	£200*	Per Cent. 4½	Per Cent. 4¼
Otangame Bridge Loan ..	85*	4½	4¼
Puketoi Road (Moores Deviation) Loan	250*	4½	4¼
Makuri Township Bridge Loan	2,000*	4½	4¼
Matarua Stream Bridge Loan	1,000*	4½	4¼
Workman’s Cottage Loan ..	700*	4½	4¼
Manawatu Gorge Contribution Loan (Second Instalment)	665*	4½	4¼
Ruawhata Deviation Supplementary Loan	100*	6	4⅘
Mangamaire Road Loan ..	200*	4½	4¼
Kaitawa Ridge Road No. 2 Loan	700*	4½	4¼
Hukanui Road Loan ..	250*	4½	4¼
Mangatainoka Block Drainage Loan	500*	4½	4¼
Kaitawa Ridge Road Loan ..	300*	4½	4¼
McFarlanes Bridge Loan ..	2,000*	4½	4¼
Ruawhata Deviation Loan ..	1,000*	4½	4¼
Manawatu Gorge Contribution Loan of £665, 1922	665	6	4⅘
Manawatu Gorge Contribution Loan of £1,100, 1924	1,100	6	4⅘
Bridges Loan of £2,650, 1925 ..	2,650	6	4⅘
Manawatu Gorge Contribution Loan of £870, 1926	870	6	4⅘
Ellmer’s Bridge Loan of £500, 1926	500	6	4⅘
Ngaturi Bridge Loan of £4,000, 1926	4,000	6	4⅘
Allens Bridge Loan of £850 ..	850	6	4⅘
Mangatainoka River Bridge Loan of £4,000, 1926	4,000	6	4⅘
Bridges Supplementary Loan of £265, 1927	265	6	4⅘
Workman’s Dwelling Loan of £600, 1927	600	6	4⅘
Bridges Loan of £1,770, 1928 ..	1,770	6	4⅘
Kaitawa Bridge Loan ..	2,900*	6	4⅘
Mangatainoka River Bridge Loan	2,700*	5½	4⅘
Worker’s Dwelling Loan ..	600*	6	4⅘
Total .. ..	£33,420

Less amount of principal repaid as at date of conversion.

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

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

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

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