3712
THE NEW ZEALAND GAZETTE.
[No. 91

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 consolidated special rate [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. Such rate shall be made and levied
on a differential basis for each of the several ridings of the district as follows:—

(a) On all rateable property in the Riding a special rate of [State
amount in the pound];

(b) On all rateable property in the Riding a special rate of [State
amount in the pound];

[State amount of rate to be made and levied in respect of rateable
property in each riding.]

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.