Financial and Corporate Notices




SEPT. 12.] THE NEW ZEALAND GAZETTE. 2647

Loans to be converted—continued.

Name of Loan. Amount. Rate of Interest. Maturity Date. Premiums payable per £100 of Existing Securities.
£ Original. Existing. £ s. d.
105. Goodwin Road (Aka Aka) Special Rating Area Loan of £1,000 (1925) 1,000 6 8 7 7
106. Clarks Road (Karaka) Special Rating Area Loan of £800 (1925) 800 6 8 7 7
107. Yates Road (Buckland) Special Rating Area Loan of £600 (1925) 600 6 8 7 7
108. Harris Road (Otana) Special Rating Area Loan of £400 (1925) 400 6 8 7 7
109. Karaka North Road Special Rating Area Loan of £600 (1925) 600 6 8 7 7
110. Rutherford Road (Pukekohe East) Special Rating Area Loan of £400 (1925) 400 6 8 7 7
111. Maungatawhiri Subdivision (late Waikato River Board) (1915) Loan 500 5 Nil
112. Maungatawhiri Subdivision (late Waikato River Board) (1918) Loan of £1,000 (part) 720 Nil
Total .. .. .. .. .. £155,480

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Franklin 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 the 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, Franklin County Council, Private Mail-bag, Pukekohe, N.Z., 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, Franklin County Council, Private Mail-bag, Pukekohe, N.Z.

Dated the 2nd day of September, 1935.

J. N. MASSEY, Chairman.

576

FRANKLIN COUNTY COUNCIL.

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 Franklin County Loans Conversion Order, 1935, the Franklin County 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 Franklin County Council under the above-mentioned Act and Order whether in conversion of existing securities issued in respect of the loans set out in the First Schedule to that Order or to provide for cash premium payment, and also the interest, sinking fund, instalments of principal and interest, and other charges in respect of the unconverted securities issued in respect of such loans, the said Franklin County Council hereby makes and levies a special rate of seven-twentieths of a penny (0·35d.) in the pound upon the rateable value (on the basis of the capital value) of all rateable property of the district (i.e., the whole of the County of Franklin), and that such special rate shall be an annually recurring rate during the currency of such securities and be payable yearly on the first day of July in each and every year until the last maturity date of such securities, being the first day of October, 1964, or until all such securities are fully paid off.”

We hereby certify that the foregoing is a true and correct copy of a resolution passed by the Franklin County Council at a meeting of the Council held on the 26th day of August, 1935.

J. N. MASSEY, Chairman.

ALAN P. DAY, Clerk.

586

THE NEW CORNISH POINT MINES, LTD.

IN VOLUNTARY LIQUIDATION.

In the matter of the Companies Act, 1933, and in the matter of THE NEW CORNISH POINT MINES, LIMITED.

NOTICE is hereby given that the following special resolution was passed at an extraordinary general meeting of shareholders held on the 28th ult.:—

“That the company be wound up voluntarily, and that HERMAN BICKNELL, of Christchurch, Public Accountant, be appointed liquidator for the purpose of such winding up.”

H. BICKNELL,

Liquidator.

581

CITIZENS CO-OPERATIVE WHOLESALE SOCIETY, LIMITED.

IN VOLUNTARY LIQUIDATION.

NOTICE is hereby given that at an extraordinary general meeting of the above-named company duly convened and held on the 6th day of September, 1935, the following resolution was passed:—

“That it is proved to the members’ satisfaction that the company cannot by reason of its liabilities continue its business and that it is advisable to wind up the same, and that GEORGE SHAND, Public Accountant, of Wellington, be and is hereby appointed liquidator for the purpose of such winding up.”

E. BREWIN,

Chairman.

582



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✨ LLM interpretation of page content

💰 Conversion of Franklin County Council Loans (continued from previous page)

💰 Finance & Revenue
2 September 1935
Loan conversion, Franklin County Council, Debentures, Interest rates, Special Rating Area
  • J. N. Massey, Chairman

💰 Franklin County Council Special Rate Resolution

💰 Finance & Revenue
Special rate, Interest reduction, Loans conversion, Franklin County Council
  • J. N. Massey, Chairman
  • Alan P. Day, Clerk

🏭 Voluntary Liquidation of The New Cornish Point Mines, Ltd.

🏭 Trade, Customs & Industry
Voluntary liquidation, Company winding up, Liquidator appointment
  • Herman Bicknell, Appointed liquidator

  • H. Bicknell, Liquidator

🏭 Voluntary Liquidation of Citizens Co-operative Wholesale Society, Limited

🏭 Trade, Customs & Industry
Voluntary liquidation, Company winding up, Liquidator appointment
  • George Shand, Appointed liquidator

  • E. Brewin, Chairman