New Zealand Gazette – 1935 – No. 95

Page 3959

✨ Loan Conversion Details



Dec. 17.] THE NEW ZEALAND GAZETTE. 3959

FIRST SCHEDULE—continued.
LOANS TO BE CONVERTED—continued.

Name. Amount. Rate of Interest. Date of Maturity.
Original. Existing.
Hillside Drainage Board Loan, £5,000, 1913 £5,000 Per Cent. 5 Per Cent. 4½
Supplementary Drainage Loan, £500, 1917 500 5½ 4½
£1,200 Loan, 1925 .. 1,200 6 4¾
Drainage Loan No. 2, of £1,500 1,500 5 4½
Lower Mangawara Improvement Repayment Loan, £2,000, 1928 (part) 1,000 6 4⅞
Ten foot Special Rating Area Supplementary Loan, £500, 1929 (part) 200 6 4⅝
Tauhei Drainage District Special Drainage Works Loan of £4,500 (1927) 4,500 6 4⅝
Ten Foot Special Rating Area Loan of £5,000 5,000 6 4⅝
Freshfield Drainage District No. 3 Loan 400* 4½ 4¼
Uapoto Land Drainage Loan.. 1,190* 4½ 4¼
Freshfield Drainage District No. 1 Loan (part) 500* 4½ 4¼
Freshfield Drainage District No. 1 Loan (part) 500* 4½ 4¼
Freshfield Drainage District No. 1 Loan (part) 500* 4½ 4¼
Freshfield Drainage District No. 1 Supplementary Loan 150* 4½ 4¼
Freshfield Drainage District No. 2 Loan 500* 4½ 4¼
Uapoto Land Drainage Supplementary Loan 115* 4½ 4¼
Uapoto Land Drainage Loan.. 600* 4½ 4¼
Tauhei Special Rating Area Loan 425* 4½ 4¼
Mangawara Drainage Works No. 2 Area Loan (part) 300* 4½ 4¼
Mangawara Drainage Works No. 2 Area Loan (part) 445* 4½ 4¼
Mangawara Drainage Works No. 2 Area Loan (part) 750* 4½ 4¼
£39,125
  • Less amount of principal repaid as at date of conversion.

SECOND SCHEDULE.
FORMS.

(1) Notice.

[Name of local authority.]

CONVERSION under the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, and the Loans Conversion Order, 19 , of debentures or other securities issued in respect of the following loans [Particulars of loans].

Notice is hereby given to the holders of debentures or other securities issued in respect of the above-mentioned loans that the [Name of local authority] intends to convert all such debentures or other securities (except those in respect of which dissent is duly signed) into new debentures having new maturity dates and bearing interest at 4½ per cent. per annum.

The conversion will take effect from [Date of conversion].

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 [Name or designation and address of at least one person authorized to receive dissents] on or before the day of , 19 .

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 [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],



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✨ LLM interpretation of page content

💰 Taupiri Drainage and River Board Loans Conversion Order, 1935 (continued from previous page)

💰 Finance & Revenue
12 December 1935
Loans, Conversion, Local Authority, Taupiri Drainage and River Board, Securities, Debentures, Interest, Maturity Dates, Sinking Fund, Premium Calculation