New Zealand Gazette – 1935 – No. 73

Page 2940

✨ Local Authority Loans Conversion



2940
THE NEW ZEALAND GAZETTE.
[No. 73

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.)

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 of the district, 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 £105,200. 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 £105,200.
31st May, 1936 £800 31st May, 1950 £1,800
30th November, 1936 900 30th November, 1950 2,000
31st May, 1937 900 31st May, 1951 2,100
30th November, 1937 1,000 30th November, 1951 2,100
31st May, 1938 900 31st May, 1952 2,200
30th November, 1938 1,000 30th November, 1952 2,100
31st May, 1939 1,000 31st May, 1953 2,300
30th November, 1939 1,000 30th November, 1953 2,300
31st May, 1940 1,000 31st May, 1954 2,300
30th November, 1940 1,100 30th November, 1954 2,400
31st May, 1941 1,100 31st May, 1955 2,400
30th November, 1941 1,100 30th November, 1955 2,500
31st May, 1942 1,100 31st May, 1956 2,500
30th November, 1942 1,100 30th November, 1956 2,500
31st May, 1943 1,200 31st May, 1957 2,700
30th November, 1943 1,200 30th November, 1957 2,400
31st May, 1944 1,200 31st May, 1958 2,500
30th November, 1944 1,300 30th November, 1958 2,600
31st May, 1945 1,300 31st May, 1959 2,600
30th November, 1945 1,300 30th November, 1959 2,700
31st May, 1946 1,500 31st May, 1960 2,800
30th November, 1946 1,600 30th November, 1960 2,800
31st May, 1947 1,600 31st May, 1961 2,800
30th November, 1947 1,600 30th November, 1961 3,000
31st May, 1948 1,700 31st May, 1962 2,900
30th November, 1948 1,700 30th November, 1962 3,100
31st May, 1949 1,700 31st May, 1963 3,100
30th November, 1949 1,800 30th November, 1963 3,000
Total .. .. £105,200


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✨ LLM interpretation of page content

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

💰 Finance & Revenue
21 October 1935
Loans, Conversion, Local Authority, Egmont County, Order in Council