✨ Loan Tender Conditions and Extension
113
6th. Should the last tender accepted,
when added to the amounts of the tenders
previously accepted, make a larger sum
than £25,000 (exclusive of premium)
then only so much of such tender will
be accepted as shall make up the aforesaid sum of £25,000.
7th. Should there be two or more
tenders at the same rate, which together,
if the highest tenders, or if not the
highest, when added to the tenders previously accepted, shall make more than
the sum of £25,000, then the whole sum,
or such portion thereof as has not previously been taken, shall be allotted to
the parties tendering at the same rate,
in proportion to the sums tendered for
by them respectively, provided always
that such proportions be as nearly equal
as they can be consistently with being in
sums divisible by one hundred pounds
(£100) without remainder.
8th. As the debentures and coupons
bear date the 1st of July, 1862, the first
coupon will be removed previous to the
issue of the debentures.
9th. Should only a portion of the
whole sum be tendered for at rates above
the minimum, the Provincial Government
will reserve the right of rejecting the
whole of the tenders, should they deem
it expedient to do so.
Signed on behalf of the Provincial
Government of the Province of
Wellington, this thirtieth day
of August, 1862.
J. Woodward,
Provincial Treasurer.
Provincial Treasury,
Wellington, October 2, 1862.
Sir,—Begging reference to my Circular of August 13, respecting tenders
for a loan of £25,000, I have now the
honor to inform you, that in consequence
of the possible absence of the Superintendent on the day named for receiving
such tenders (the 25th inst.), the Members of the Provincial Executive now in
Wellington have decided to extend the
time until Thursday, the 25th of November, when tenders will be received at
the same hour and place, and under the
same terms and conditions as were set
forth in my former Circular.
I have the honor to remain, Sir,
Your most obedient servant,
J. Woodward,
Provincial Treasurer.
Printed under the Authority of the Government of the Province of Wellington by Thomas
Mackenzie and James Muir, Printers for the time being for such Government.
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Wellington Provincial Gazette 1862, No 21
✨ LLM interpretation of page content
💰
Conditions for Provincial Loan Tenders
(continued from previous page)
💰 Finance & Revenue30 August 1862
Loan, Tenders, Conditions, Wellington
- J. Woodward, Provincial Treasurer
💰 Extension of Loan Tender Deadline
💰 Finance & Revenue2 October 1862
Loan, Tenders, Deadline Extension, Wellington
- J. Woodward, Provincial Treasurer