LYTTELTON BOROUGH COUNCIL.

Lyttelton Borough Loans Conversion Order, 1935.

FREDERICK ERNEST SUTTON, Mayor of the
Borough of Lyttelton, hereby certify

1. That the following resolution was duly passed at a
   properly convened special meeting of the Lyttelton Borough
   Council held on the 18th day of December, 1935:-

“'That pursuant to Part II of the Local Authorities
Interest Reduction and Loans Conversion Act, 1932-33, and
the Lyttelton Borough Loans Conversion Order, 1935 (as
published on the 6th December, 1935, in Gazette No. 91, being
supplementary to Gazette No. 89 of the 5th December, 1935),
the Council resolves to issue new securities in conversion of
the existing securities issued in respect of the loans set out
in the first schedule of the aforementioned Order on the
terms and conditions set out in that Order.'”

2. That notice of the intention to confirm such resolution
   was advertised on the 19th day of December, 1935, in the
   Christchurch Press and the Christchurch Star-Sun newspapers.

3. That the said resolution was duly confirmed by the
   Lyttelton Borough Council at a special meeting held on the
   13th day of January, 1936.

F. E. SUTTON, Mayor.
Lyttelton, 14th January, 1936.

LYTTELTON BOROUGH COUNCIL.

CONVERSION under the Local Authorities Interest
Reduction and Loans Conversion Act, 1932-33, and
the Lyttelton Borough Loans Conversion Order, 1935, of
debentures or other securities issued in respect of the following loans:-

Loans to be converted.

• 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 Lyttelton 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 4¼ per cent. per annum.
The conversion will take effect from the 1st day of March,
1936.

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 the Town Clerk, Lyttelton, on or before
the 15th day of March, 1936.

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 March, 1936.

Further particulars as to the new debentures and the
conversion generally may be obtained from the Town Clerk,
Lyttelton, or from Mr. D. E. Millar, Accountant, 166 Manchester
Street, Christchurch.

Dated the 14th day of January, 1936.

F. E. SUTTON, Mayor.

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