Financial Forms and Schedules




2192

THE NEW ZEALAND GAZETTE.

[No. 57

On presentation of this debenture at __, in New Zealand, on or after the day of __, 19, the bearer thereof will be entitled to receive £.
Interest on this debenture will cease after the day when the payment falls due unless default is made in payment.

This debenture bears interest at the rate of __ per centum per annum, payable on the day of __ and the day of __ in each year, on presentation of the attached coupons.

Issued under the common seal of the
the day of __, 19____.

[L.S.] A.B., Chairman.
C.D., Treasurer [or other officer appointed for the purpose].

(3) Coupon.

No. __

New debenture No. __ of the [Name of local authority], New Zealand, issued under Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Loans Conversion Order, 19____.

On presentation of this coupon at __, in New Zealand, on or after the day of __, 19, the bearer hereof will be entitled to receive £.

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

A.B., Chairman.
C.D., Treasurer [or other officer appointed to sign debentures].

(4) Resolution making Special Rate.

In pursuance and exercise of the powers vested in it in that behalf by Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Loans Conversion Order, 19____, the [Name of local authority] hereby resolves as follows:—

That, for the purpose of providing the interest, sinking fund, and other charges on the new securities authorized to be issued by the [Name of local authority] under the above-mentioned Act and Order in conversion of existing securities issued in respect of the loans set out in the First Schedule to that Order, and also the interest, sinking fund, and other charges (or, as the case may be, instalment of principal and interest) in respect of the unconverted securities issued in respect of such loans, the said [Name of local authority] hereby makes and levies a special rate of [State amount in the pound] upon the rateable value on the basis of [State whether capital, unimproved, or annual] value of all rateable property within the whole of that area of the district of the local authority over any part of which any existing special rate in respect of any of the loans specified in the aforesaid First Schedule was made and levied, and that such special rate shall be an annually recurring rate during the currency of such securities, and be payable half-yearly on the day of __ and the day of __ [or yearly on the day of __] in each and every year until the last maturity date of such securities, being the day of __, 19____, or until all such securities are fully paid off.

THIRD SCHEDULE.

MATURITY DATES OF NEW SECURITIES.

Date Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order If the Total Amount is greater or less than £44,895. Date Aggregate Amount of Principal, to be increased or reduced proportionately in accordance with Clause 16 (2) of this Order If the Total Amount is greater or less than £44,895.
30th September, 1936 £ 600 30th September, 1954 £ 1,100
" 1937 700 " 1955 1,200
" 1938 700 " 1956 1,200
" 1939 700 " 1957 1,300
" 1940 700 " 1958 1,400
" 1941 700 " 1959 1,400
" 1942 700 " 1960 1,500
" 1943 700 " 1961 1,500
" 1944 700 " 1962 1,600
" 1945 800 " 1963 1,600
" 1946 800 " 1964 1,700
" 1947 900 " 1965 1,800
" 1948 900 " 1966 1,900
" 1949 900 " 1967 2,000
" 1950 1,000 " 1968 2,100
" 1951 1,000 " 1969 2,200
" 1952 1,100 " 1970 2,300
" 1953 1,100 " 1971 2,395
Total .. .. £44,895


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✨ LLM interpretation of page content

💰 Second Schedule: Forms for Conversion (continued from previous page)

💰 Finance & Revenue
Conversion Forms, Debentures, Local Authorities Interest Reduction Act
  • A.B., Chairman
  • C.D., Treasurer

💰 Third Schedule: Maturity Dates of New Securities

💰 Finance & Revenue
Maturity Dates, New Securities, Local Authorities Interest Reduction Act