New Zealand Gazette – 1935 – No. 51

Page 1950

✨ Loans Conversion Details



1950
THE NEW ZEALAND GAZETTE.
[No. 51

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

Name. Amount. Rates of Interest. Date of Maturity.
Original. Existing.
£ Per Cent. Per Cent.
59. South Riding Redemption Loan of £2,685, 1932 2,685 5¾ 4¾
60. North Riding Loan, 1925 1,300 6 4⅘
61. North Riding Loan, 1924 1,500 6 4⅘
62. South Riding Loan, 1925 2,300 6 4⅘
63. South Riding Loan, 1924 2,300 6 4⅘
64. South Riding Loan, 1920 4,700 5½ 4½
65. East Riding Loan, £3,800, 1924 3,800 6 4⅘
66. East Riding Loan, 1925 .. 3,900 6 4⅘
67. East Riding Loan, 1920 .. 7,800 5½ 4½
68. North Riding Loan, 1920 2,600 5½ 4½
69. West Riding Loan, 1920 .. 4,900 5½ 4½
70. West Riding Loan, 1924 .. 2,400 6 4⅘
71. West Riding Loan, 1925 .. 2,500 6 4⅘
72. East Riding Loan of £3,000 (1931) 3,000 5⅞ 4⁷⁄₁₀
73. West Riding Loan of £1,800 (1931) 1,800 5⅞ 4⁷⁄₁₀
74. West Riding Loan of £1,000 (1931) 1,000 5⅞ 4⁷⁄₁₀
75. Pembroke Road Loan (1928) Special-rating District Loan of £1,680 1,680 5½ 4⅘
76. Mohakau Road Loan of £660 (1930) 660 6 4⅘
77. East and Mangaehu Riding Bridge Loan of £1,200 (1931) 1,200 5¾ 4⅜
78. East and Mangaehu Riding Bridge Loan of £650 (No. 2), 1932 650 5 4¼
79. Matau Road Special-rating District Loan of £400 (1932) 400 5¼ 4¼
80. Matau Road Special-rating District Loan of £400 (1933) 400 5¼ 4¼
Total .. .. £114,480

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.

(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.

(N.B.—The holder of this debenture has no claim in respect thereof upon the Government or public revenues of New Zealand.)



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✨ LLM interpretation of page content

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

💰 Finance & Revenue
Loans Conversion, Local Authority, Stratford County, Order in Council, Securities, Debentures, Interest Rates, Maturity Dates