New Zealand Gazette – 1936 – No. 1

Page 23

✨ Local Authority Loans Conversion



Jan. 9.] THE NEW ZEALAND GAZETTE. 23

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 special rate of [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.

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 £102,570. 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 £102,570.
31st March, 1937 .. £ 3,000 31st March, 1949 .. £ 4,800
,, 1938 .. 3,100 ,, 1950 .. 5,000
,, 1939 .. 3,200 ,, 1951 .. 5,200
,, 1940 .. 3,300 ,, 1952 .. 5,400
,, 1941 .. 3,400 ,, 1953 .. 5,600
,, 1942 .. 3,600 ,, 1954 .. 5,900
,, 1943 .. 3,700 ,, 1955 .. 6,200
,, 1944 .. 3,900 ,, 1956 .. 6,400
,, 1945 .. 4,100 ,, 1957 .. 6,600
,, 1946 .. 4,300 ,, 1958 .. 6,870
,, 1947 .. 4,400
,, 1948 .. 4,600
Total .. .. .. £102,570


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✨ LLM interpretation of page content

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

💰 Finance & Revenue
18 December 1935
Loans Conversion, Local Authority, Waikato County Council, Order in Council, Securities, Debentures, Interest, Maturity Dates, Premiums, Sinking Fund
  • A.B., Chairman
  • C.D., Treasurer