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New Zealand Gazette – 1935 – No. 61

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✨ Loan Conversion Order

2322

THE NEW ZEALAND GAZETTE.

[No. 61

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.
	£	Per Cent.	Per Cent.
Roads and Bridges Loan of £50,000 (part)	1,000*	4½	4½	26th February, 1957.
Ditto	4,000*	4½	4½	26th August, 1957.
„	3,000*	4½	4½	26th August, 1957.
„	2,000*	4½	4½	26th August, 1958.
„	4,000*	4½	4½	26th February, 1961.
„	1,000*	4½	4½	26th February, 1961.
„	15,000	6	4⅝	1st February, 1962.
Matatoki Quarry Machinery and Plant Loan (part)	10,000	5¾	4⅜	1st June, 1960.
Ditto	5,000	6	4⅝	31st October, 1961.
Thames-Waikawau Coast Road Bridges Loan	1,500	5¼	4¼	30th September, 1953.
Thames-Waikawau Coast Road Bridges Loan (supplementary)	150	5¼	4¼	1st May, 1956.
Thames-Waikawau Coast Road Reconstruction Loan	3,000	6	4⅝	30th April, 1961.
Matatoki South Drain Loan	500	5¼	4¼	30th September, 1953.
Whangamata Wharf Construction Loan	300	6	4⅝	1st May, 1963.
Tairua Wharves Construction Loans	500	5¼	4¼	1st January, 1956.
Tairua Wharf Reconstruction Loan	400	5¾	4⅜	1st July, 1950.
Antecedent Liability Loan	8,200	5¾	4⅞	1st October, 1959.
Kopu Bridge Construction Loan	6,000	6	4⅞	30th October, 1962.
Flood Damage Loan	1,650	6	4⅞	31st October, 1962.
Kopu Ferry Approach Road Loan	3,700	5¼	4¼	30th September, 1953.
Kopu Ferry Approach Road Loan (supplementary)	370	5¼	4¼	1st May, 1956.
Kopu Ferry Construction Loan (part)	1,300	5¼	4¼	30th September, 1953.
Ditto	2,500	5¼	4¼	1st October, 1955.
Puriri Ferry and Approach Roads Loan	4,000	5¼	4¼	30th September, 1953.
Puriri Ferry and Approach Roads Loan (supplementary)	400	5¼	4¼	1st December, 1955.
	£79,470

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 61

NZLII — NZ Gazette 1935, No 61

The Old Government Buildings (depicted) were completed in 1876 and initially housed the entire Wellington-based civil service as well as the entire New Zealand Cabinet. The Executive Council met there until 1948.

✨ LLM interpretation of page content

💰 Thames County Loans Conversion Order, 1935 (No. 1) (continued from previous page)

Domain💰 Finance & Revenue
Dated20 August 1935
KeywordsLoan Conversion, Local Authorities, Thames County Council, Order in Council, Premiums, Sinking Funds

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