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Tendera rExtract from "New Zealand Gazette, April L 9, 1874-1 ISSUE OF £50,000 NEW ZEALAND GOVERNMENT DEBENTURES UNDER " THE WESTLAND LOAN ACT, 1873." Treasury, Wellington, 9th April, 1874. TENDERS are invited for the purchase of the whole or any portion of Fifty Thousand Pounds New Zealand Government Debentures, issued under the Act of tbe Legislature of the Colony, entitled "The Westland Loan Act, 1873." By the Act above cited, the principal sum to be raised, and the interest thereon, are charged on the Consolidated Reveuue of the Colony; a special block of land of 250,000 acres in extent being set apart as security to the Colony for the amount to be raised. The Tendera will be received and tbe Debentures issued subject to the under-men-tioned conditions: — 1. The Debentures will be payable to bearer, and will be issued in sums of not less than One Hundred Pounds each. 2. The Debentures will bear interest at the rate of 5 per cent, per annum, payable half-yearly, on the 15th day of April and the 15th day of October in J each year, at the Treasury at Wellington, or at any Branch of the Bank of New Zealand in New Zealand, on notice given at the Treasury one month before the due date. 3. The principal sum will be payable on the 15th day of April, 1894, at the Treasury at Wellington, or at any Branch of the Bank sf New Zealand in New Zealand, at the option of the holder, six months' notice being required, previous to maturity, of the place at which payment is desired. 4. Tenders will be opened at the Treasury at Wellington, at noon, on Friday, the Ist day of May next, in the presence of such of the tenderers as desire to be present—the minimum price under seal being first placed on the table. In the event of equal tenders being received for a sum in excess of the issue, a pro rata distribution will be made. 5. The amount tendered for must be paid at the Treasury at Wellington as under: —

Five per cent accompanying application ; the balance on or before the Bth May. On payment of the balance of purchase money Debentures signed by the Agents appointed under the Act will be forwarded, at the risk of the Government, to purchasers or their nominees. Half per cent brokerage will be allowed to brokers through whose applications sales are effected. Applications by telegraph, received not later than 10 o'clock a.m. on the Ist May, will be accepted, provided they are accompanied by; a, from the, of any Branch or Agency : of the Bank of New Zeoland notifying that the necessary deposit has been paid into the Bank of New Zealand to the credit of a Loan Deposit Account. If no allotment be made, the 5 per cent, deposit will be returned jn full; and if a portion only of the amount be allotted* tbe surplus will be applied in payment of the balance, JULIUS VOGEL, . Colonial Treasurer. :£ !. Form of Tendeb. Thereby tender for. £ New Zealand Five per Cent. Debentures, at the price of £ fpr each £100 of Buch Debentures.; and T agree to accept the same or any" less amount that may be allotted to mc, and to pay for them in cash at the Bank of New Zealand (a) on (a) The name of the place at which the purchaser undertakes payment of the balance to be inserted. 4-18 4324

£*rr\ f\fXfX six PER CENT Jw5VJ«|Uv/V7 DEBENTURES. THE BANK OF NEW ZEALAND, Acting for the AUCKLAND IMPROVEMENT COMMISSIONERS, Invite TENDERS for the whole or any portion of Debentures representing Fifty Thousand Pounds, bearing Six per cent, interest, payable half-yearly. The Debentures by " Tbe Auckland Imf provement 1873," are made a first charge on the lands and rents of land vested in the Commissioners, which at present comprise about forty-nine acres, including the Albert Barrack Reserve, being the most valuable part of the city, and affording undoubted to the holder. . The Debentures havecouponß attached for each half-year's interest, which, with tie principal,'may be made payable at any of the Chief Branches of "the Bank of New Zealand in New Zealand, the place of payment to be declared by letter " addressed to the Secretary for the Auckland Improvement Commissioners within three months from date of acceptance of Tender, otherwise to., be understood to be payable iv Auckland. ' . : - The principal will be repaid at par by a one per cent cumulative Sinking Fund, applied, by annual. drawings to the extinction of the debt. The drawings will take place in the mouth of October in each year, commencing in 1876, at the office of, and on a day to be notified by the Improvement Commissioners, and will be conducted in presence of a Notary Public and any of the Debenture holders who may please to attend. The debentures drawn will be paid at par on the, 10th January following. The Commissioners declare their minimum at par, and tenders at or above that rate, in accordance with the form annexed, and addressed "Tender for Six per Cent debentures," will be received by the Bank of New Zealand, at Auckland, up to noon of TUESDAY, the 30th of JUNE NEXT, when they will be opened in presence of any of the Tenderers who elect to attend. ~ Payments will be required as follows:—

On application, 6 per cent on amount applied for. i On 15th July, equal to 50 per ceDt (inclusive of deposit) on amount allotted. : On 31st July, 50 per cent. The will bear interest from Ist July, 1874.'" V ... • Copies of the Act authorising the Loan may be seen at the Bank ol New Zealand, Auckland, . New Plymouth, Wellington,Napier, IHelson, Blenheim, Christchurch and Dunedin. ........ Fox the Bank of New Zealand, -or, .ft«M-, D L MDBDOCHj Inspector. Auckland, 16th April, 1874. FORM OF TENDER. I hereby Tender for & of. the Auckland Improvement Loan of £50,000, subject to'the conditions in the advertisement dated 15th April, ,1874, and for which I undertake toi pay at the rate of & for every £100 Debenture. I enclose herein the sum of £i ,beings.per cent, on the amonnt applied for. Name........ Address. •—. Date ."..: 4-27 4549 TO G A S FIT T E R ■_.: V, > • : -. .-— . - i ,:,.. TENDERS will be received till Four p.m. on FRIDAY, May Ist, fer-SUPPLYING and JT_IXG of GASFfTTINGS, &c, to St f Mary's Church, Merivale. v " D. &C.G.ROSS, Architects and Engineers, 4-27 4542 Cashel street. fIAENDERS will be received till 4 p.m. on L Friday, May Ist, for ADDITIONS and ALTERATION 8 to ST MARY'S CHURCH, Merivsle. _, ._,_ • D. k O. G. BOSS, Architects and SagioMW, Oaibal street. , vei -Oil

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP18740427.2.25.2

Bibliographic details

Press, Volume XXII, Issue 2719, 27 April 1874, Page 4

Word Count
1,107

Page 4 Advertisements Column 2 Press, Volume XXII, Issue 2719, 27 April 1874, Page 4

Page 4 Advertisements Column 2 Press, Volume XXII, Issue 2719, 27 April 1874, Page 4

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