✨ Loan Conversion Notices
Nov. 14.] THE NEW ZEALAND GAZETTE. 3323
DARGAVILLE BOROUGH COUNCIL.
CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Dargaville Borough Loans Conversion Order, 1935 (No. 1), of debentures or other securities issued in respect of the following loans:—
Loans to be converted.
| Name. | Amount. | Rate of Interest. | Date of Maturity. |
|---|---|---|---|
| £ s. d. | Original. | Existing. | |
| Per Cent. | Per Cent. | ||
| Gasworks Erection Loans of £8,500, 1922 | 8,500 0 0 | 6 | 4½ |
| Gasworks Loan of £3,000, 1922 | 3,000 0 0 | 6 | 4½ |
| Supplementary Waterworks Loan of £8,000, 1916 | 8,000 0 0 | 5½ | 4½ |
| Streets Loan of £361 10s., 1916 | 361 10 0 | 5½ | 4½ |
| Fire Station Loan of £450, 1917 (part) | 225 0 0 | 5½ | 4½ |
| Wairoa River Bridge Loan of £7,000, 1923 | 7,000 0 0 | 6 | 4½ |
| Gas Extension Loan of £1,000, 1920 | 1,000 0 0 | 5½ | 4½ |
| Gas Extension Supplementary Loan of £100, 1921 | 100 0 0 | 5½ | 4½ |
| Drainage Loan of £2,000, 1921 | 2,000 0 0 | 5½ | 4½ |
| River Embankment and Roadmaking Machinery Loan of £5,838, 1921 | 5,838 0 0 | 5½ | 4½ |
| Streets Improvements Loan of £1,650, 1922 | 1,650 0 0 | 6 | 4½ |
| Water Main Replacement Loan of £1,250, 1926 | 1,250 0 0 | 6 | 4½ |
| Water Main Replacement Completion Supplementary Loan of £123, 1927 | 125 0 0 | 6 | 4½ |
| Water Catchment Area Loan of £6,500, 1927 | 6,500 0 0 | 6 | 4½ |
| Swimming Baths Loan of £1,400, 1926 | 1,400 0 0 | 5½ | 4½ |
| Selwyn Park Improvements and Municipal Yard Loan of £1,350, 1922 | 1,350 0 0 | 6 | 4½ |
| Footpaths Loan of £925, 1929 | 925 0 0 | 5½ | 4½ |
| Water Catchment Area Loan of £4,200, 1929 | 4,200 0 0 | 5½ | 4½ |
| Gasworks Improvements Loan of £2,000, 1929 | 2,000 0 0 | 5½ | 4½ |
| Streets Improvement Loan | 6,000 0 0* | 4½ | 4½ |
| Street Formation and Improvement (No. 7) Loan | 2,000 0 0* | 4½ | 4½ |
| Waterworks Loan of £26,500 (part) | 2,500 0 0* | 4½ | 4½ |
| " | 10,000 0 0* | 4½ | 4½ |
| " | 10,000 0 0* | 4½ | 4½ |
| " | 4,000 0 0* | 4½ | 4½ |
| Duck Creek Water Extension Loan of £1,300 | 1,300 0 0* | 4½ | 4½ |
| Mangawhare Road Supplementary Loan | 90 0 0* | 4½ | 4½ |
| Road Formation, Metalling, and Footpath Construction Loan of £9,560 (part) | 3,000 0 0* | 4½ | 4½ |
| Ditto | 1,000 0 0* | 4½ | 4½ |
| " | 1,000 0 0* | 4½ | 4½ |
| " | 4,560 0 0* | 4½ | 4½ |
| Total | £100,874 10 0 |
*Less amount of principal repaid as at date of conversion.
Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the Dargaville Borough 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 December, 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, Dargaville, on or before the 26th day of November, 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 December, 1935.
Further particulars as to the new debentures and the conversion generally may be obtained from the Town Clerk, Dargaville.
Dated this 12th day of November, 1935.
FRANCIS A. JONES, Mayor.
844
COLLINGWOOD COUNTY COUNCIL.
I, LOUI FLOWERS, Chairman of the Collingwood County 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 passed at a special meeting of the Collingwood County Council held on the 21st day of October, 1935, and confirmed on the 9th November, 1935, providing for the issue under Part II of that Act of new securities in conversion of existing securities issued in respect of the loans set forth in the First Schedule to the Collingwood County Loans Conversion Order, 1935 (No. 1), as published in the New Zealand Gazette of the 3rd October, 1935, at page 2754.
Dated the 9th day of November, 1935.
L. FLOWERS,
Chairman, Collingwood County Council.
841
COLLINGWOOD COUNTY COUNCIL.
I, LOUI FLOWERS, Chairman of the Collingwood County 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 passed at a special meeting of the Collingwood County Council held on the 21st day of October, 1935, and confirmed on the 9th November, 1935, providing for the issue under Part II of that Act of new securities in conversion of existing securities issued in respect of the loans set forth in the First Schedule to the Collingwood County Loans Conversion Order, 1935 (No. 2), as published in the New Zealand Gazette of the 3rd October, 1935, at page 2757.
Dated the 9th day of November, 1935.
L. FLOWERS,
Chairman, Collingwood County Council.
842
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VUW Te Waharoa —
NZ Gazette 1935, No 84
NZLII —
NZ Gazette 1935, No 84
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Dargaville Borough Council Conversion of Debentures
(continued from previous page)
💰 Finance & Revenue12 November 1935
Debenture conversion, Loan conversion, Local Authorities Interest Reduction Act, Dargaville Borough Council
- Francis A. Jones, Mayor
💰 Collingwood County Council Loan Conversion Order No. 1
💰 Finance & Revenue9 November 1935
Loan conversion, Local Authorities Interest Reduction Act, Collingwood County Council
- Loui Flowers, Chairman, Collingwood County Council
💰 Collingwood County Council Loan Conversion Order No. 2
💰 Finance & Revenue9 November 1935
Loan conversion, Local Authorities Interest Reduction Act, Collingwood County Council
- Loui Flowers, Chairman, Collingwood County Council