✨ Local Government Loan Conversions and Liquidations
SEPT. 12.] THE NEW ZEALAND GAZETTE. 2643
Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Kairanga County Council 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 4½ per cent. per annum.
The conversion will take effect from 1st day of October, 1935.
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 the County Clerk, Kairanga County Council, Rangitikei Street, Palmerston North, on or before the 15th day of October, 1935.
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 1st day of October, 1935.
Further particulars as to the new debentures and the conversion generally may be obtained from the County Clerk, Kairanga County Council, Rangitikei Street, Palmerston North.
Dated the 7th day of September, 1935.
D. COLLIS, Chairman.
577
WEST HARBOUR BOROUGH COUNCIL.
I, ARTHUR SMITH, Mayor of the West Harbour Borough Council, do hereby certify that pursuant to the provisions of subsection (2) of section 9 of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, a resolution was duly passed at a special meeting of the West Harbour Borough Council held on the 26th August, 1935, and confirmed on the 3rd September, 1935, providing for the issue under Part II of that Act of new securities in conversion of the existing securities in respect of the loans set forth in the First Schedule to the West Harbour Borough Loans Conversion Order, 1935, as published in the New Zealand Gazette No. 54 of the 25th July, 1935, at page 2011.
566
ARTHUR SMITH,
Mayor, West Harbour Borough Council.
WEST HARBOUR BOROUGH COUNCIL.
CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the West Harbour Borough Loans Conversion Order, 1935, of debentures or other securities issued in respect of the following loans :-
Loans to be converted.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| £ | Original. | Per Cent. | |
| Loan of £8,200 raised in 1932 | 8,200 | 5½ | 4½ |
| Loan of £4,000 raised in 1932 | 4,000 | 5½ | 4½ |
Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the West Harbour Borough Council intends to convert all such debentures or other securities (except those in respect of which dissent has been signified) into new securities having new maturity dates and bearing interest at 4½ per centum per annum.
The conversion will take effect as from the 1st October, 1935.
Application for conversion must be made in writing and be accompanied by the securities to which it relates.
Dissent from conversion of any existing debentures or other securities may be signified by the holder by notice in writing delivered to the Town Clerk on or before the 15th day of October, 1935.
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 new 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 1st October, 1935.
Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, West Harbour Borough Council, Ravensbourne, or from J. H. Francis and Co., Ltd., 161 A.M.P. Buildings, Wellington.
Dated this 4th day of September, 1935.
ARTHUR SMITH, Mayor.
567
NAPIER OWNER-DRIVERS, LIMITED.
IN VOLUNTARY LIQUIDATION.
NOTICE is hereby given that by entry in its minute-book in accordance with section 300 of the Companies Act, 1933, the following resolutions were passed by the above-named company on the 6th day of September, 1935 :-
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“It is resolved that Napier Owner-drivers, Limited, be wound up voluntarily, and that such winding-up be a members’ voluntary winding up as provided by section 226 (3) of the Companies Act, 1933.
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“It is also resolved that JOHN McLENNAN, of Napier, Public Accountant, be and he is hereby appointed liquidator of the company for the purposes of such winding up.”
Notice is also given that the necessary declaration of solvency has been filed with the Registrar of Companies.
Dated this 6th day of September, 1935.
J. McLENNAN,
Liquidator.
568
NAPIER OWNER-DRIVERS, LIMITED.
IN VOLUNTARY LIQUIDATION.
In the matter of the Companies Act, 1933, and in the matter of NAPIER OWNER-DRIVERS, LIMITED (in Liquidation).
THE liquidator of Napier Owner-drivers, Limited, which is being wound up voluntarily, doth hereby fix the 27th day of September, 1935, as the day on or before which the creditors of the company are to prove their debts or claims and to establish any title they may have to priority under section 253 of the Act or to be excluded from the benefit of any distribution made before such debts are proved, or, as the case may be, from objecting to such distribution.
J. McLENNAN,
Liquidator.
Address of liquidator is “John McLennan, Messrs. Robert Dobson and Co., Public Accountants, Napier.”
569
MATAURA BOROUGH COUNCIL.
RESOLUTION MAKING SPECIAL RATE.
IN pursuance and exercise of the powers vested in it by Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Mataura Borough Loans Conversion Order, 1935, the Mataura Borough Council 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 Mataura Borough Council 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 in respect of the unconverted securities issued in respect of such loans, the said Mataura Borough Council hereby makes and levies a special rate of one shilling and ninepence in the pound upon the rateable value (on the basis of the annual value) of all rateable property of the district, and that such special rate shall be an annually recurring rate during the currency of such securities and be payable yearly on the 30th day of September in each and every year until the last maturity date of such securities, being the 30th day of September, 1962, or until all such securities are fully paid off.”
The above resolution was passed at a special meeting of the Mataura Borough Council held at Mataura on Tuesday, the 13th day of August, 1935.
T. K. FISHER,
Town Clerk.
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VUW Te Waharoa —
NZ Gazette 1935, No 66
NZLII —
NZ Gazette 1935, No 66
✨ LLM interpretation of page content
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Kairanga County Loans Conversion Order, 1935
(continued from previous page)
🏘️ Provincial & Local Government7 September 1935
Loans conversion, County Council, Kairanga, Debentures, Interest rates
- D. Collis, Chairman
🏘️ West Harbour Borough Council Loan Conversion
🏘️ Provincial & Local Government4 September 1935
Loans conversion, Borough Council, West Harbour, Debentures, Interest rates
- Arthur Smith, Mayor
💰 Napier Owner-drivers, Limited Voluntary Liquidation
💰 Finance & Revenue6 September 1935
Companies liquidation, Voluntary winding up, Public Accountant, Napier
- John McLennan, Appointed liquidator
💰 Napier Owner-drivers, Limited Liquidation Proof of Debts
💰 Finance & Revenue6 September 1935
Companies liquidation, Creditors, Proof of debts, Napier
- J. McLennan, Liquidator
🏘️ Mataura Borough Council Special Rate Resolution
🏘️ Provincial & Local Government13 August 1935
Special rate, Borough Council, Mataura, Rateable property, Interest charges
- T. K. Fisher, Town Clerk