New Zealand Gazette – 1935 – No. 40

Page 1473

✨ Loans Conversion Details



May 30.] THE NEW ZEALAND GAZETTE. 1473

FIRST SCHEDULE.
LOANS TO BE CONVERTED.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
£ Per Cent. Per Cent.
General Roads and Bridges Loan 2,000* 4½ 4¼
General Roads and Bridges Loan of £1,000, 1915 1,000* 4½ 4¼
Waiotahi Crooked Road Special Rating Loan of £400, 1925 400* 5¼ 4¼
Whinray Mauromoko Special Rating Loan of £1,000 (part), 1922 500* 6 4⅘
Whinray Mauromoho Special Rating Loan of £1,000 (part), 1922 500* 6 4⅘
Main Roads and Bridges Loan of £1,720, 1915 1,720* 4½ 4¼
Main Roads and Bridges Loan of £1,720, 1916 1,720* 4½ 4¼
Main Roads and Bridges Loan of £1,720, 1917 1,720* 4½ 4¼
Main Roads and Bridges Loan of £3,440, 1917 3,440* 4½ 4¼
Pakihi Special Rating Loan of £800, 1915 800* 4½ 4¼
Pakihi Supplementary Special Rating Loan of £80, 1917 80* 4½ 4¼
Upper Waiotahi Special Rating Loan of £1,000, 1919 1,000* 4½ 4¼
Main East Coast Roads and Bridges Loan of £2,000, 1921 2,000* 4½ 4¼
Main East Coast Roads and Bridges Loan of £2,000, 1922 2,000* 4½ 4¼
Otara Bridge Special Rating Loan of £1,000, 1930 1,000* 4½ 4¼
Main East Coast Roads and Bridges 2,000* 4½ 4¼
Huntress Creek Floodgate Loan of £700, 1922 700* 4½ 4¼
Huntress Creek Drainage Loan of £500, 1922 500* 4½ 4¼
£23,080
  • 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.

(2) New Debenture.

No. .

[Name of local authority], New Zealand.

New debenture, issued pursuant to Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 .

New debenture for £ , payable at , in New Zealand, on the day of , 19 , issued by the [Name of local authority], New Zealand, under the above-mentioned Act and Order pursuant to a resolution passed and confirmed by the said Council [or Board, or as the case may be] as provided by section 9 (2) of the said Act.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1935, No 40


NZLII — PDF NZ Gazette 1935, No 40




✨ LLM interpretation of page content

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

💰 Finance & Revenue
30 May 1935
Loans Conversion, Local Authorities, Order in Council, Opotiki County