New Zealand Gazette – 1935 – No. 82

Page 3080

✨ Loan Conversion Order Details



3080

THE NEW ZEALAND GAZETTE.

[No. 82

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.

(2) New Debenture.

No. .

[Name of local authority], New Zealand.

New debenture, issued pursuant to Part II of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 . New debenture for £ , payable at , in New Zealand, on the 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].

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 £8,750. 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 £8,750.
1st March, 1937 £100 1st March, 1955 £200
,, 1938 100 ,, 1956 300
,, 1939 100 ,, 1957 300
,, 1940 100 ,, 1958 300
,, 1941 100 ,, 1959 300
,, 1942 200 ,, 1960 300
,, 1943 100 ,, 1961 300
,, 1944 100 ,, 1962 300
,, 1945 100 ,, 1963 400
,, 1946 100 ,, 1964 400
,, 1947 100 ,, 1965 400
,, 1948 100 ,, 1966 400
,, 1949 100 ,, 1967 400
,, 1950 100 ,, 1968 400
,, 1951 200 ,, 1969 400
,, 1952 200 ,, 1970 400
,, 1953 200 ,, 1971 450
,, 1954 200 ,, 1972 500
Total .. .. £8,750


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✨ LLM interpretation of page content

💰 Mangapu Drainage Board Loan Conversion Order, 1935 (continued from previous page)

💰 Finance & Revenue
Loan Conversion, Drainage Board, Order in Council, Securities, Local Authority