New Zealand Gazette – 1936 – No. 1

Page 14

✨ Loans Conversion Details

14
THE NEW ZEALAND GAZETTE.
[No. 1

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

Name.	Amount.	Rate of Interest.	Date of Maturity.
		Original.	Existing.
	£	Per Cent.	Per Cent.
Pukeatua Road Construction Loan (part)	1,765*	4½	4¼
Ditto	375*	4½	4¼
Pukeatua Road Construction Loan, 1924	10,000	6	4⅜
Waipareira Road Construction Loan (part)	2,000*	4½	4¼
Ditto	855*	4½	4¼
,,	1,185*	4½	4¼
,,	4,000*	4½	4¼
,,	2,000*	4½	4¼
Waipareira Road Construction No. 2 Loan	4,000*	4½	4¼
Waipareira Road Construction Loan	400	6	4⅜
Waipareira Road Construction Loan, 1929	1,000	5½	4⅜
Ditto	3,500	5¾	4⅜
Parakai Sewerage Loan (part)	1,000*	4½	4¼
,,	500*	4½	4¼
Mountain Road Construction Loan, 1918	1,100	5¼	4¼
Wainui - Kaukapakapa Loan (part)	700*	4½	4¼
Ditto	700*	4½	4¼
Swanson Tram Valley Road Loan, 1918	300	5¼	4¼
Silverdale Wharf and Turn- basin Loan, 1924	1,200	6	4⅜
Castor Bay Park Special Loan, 1925	2,200	6	4⅜
Kumeu Station Road Loan, 1925	1,000	6	4⅜
Motutara Water Supply Loan, 1926	650	6	4⅜
Flood Damage Loan, 1926	2,660	5¾	4⅜
Greenhithe Recreation Ground Loan, 1929	230	5½	4⅜
Rosedale Road Special Loan, 1928	450	5½	4⅜
Cornwallis Wharf Loan, 1929	200	5¾	4⅜
Opanuku Road Special Loan, 1930	800	5¾	4⅜
	£275,245

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 signified) into new debentures having new maturity dates and bearing interest at 4¼ 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

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VUW Te Waharoa — NZ Gazette 1936, No 1

NZLII — NZ Gazette 1936, No 1

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain💰 Finance & Revenue
Dated18 December 1935
KeywordsLoans Conversion, Local Authority, Waitemata County Council, Order in Council, Securities, Debentures, Interest, Maturity Dates, Premiums, Sinking Fund

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