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North Canterbury Electric Power Board Conversion under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33. and the North Canterbury Electric Power Board Loans Conversion Order, 1934, of debentures or other securities issued in respect of the following loans : Eyre County Council Tilled ric Lighting Loan of £3OOO, 1920 Eyre County Council Electric Lighting Loan of £2OOO, 1921 Rangiora County Council Electric Lighting Loan of £SOOO. 1918 Ditto, £SOOO. 1920 Ditto. £SOO, 1921 Rangiora County Council Electric Lighting Loan of £IOOO, 1925 (being part of an authorised loan of £15,000 of which balance outstanding is £ 3000 > • 1,000 6 4 J ] Sep., 1935 Rangiora County Council Electric Lighting Loan. £ISOO, 1926 1,500 6 4 J 1 Feb.. 1930 Nth. Canterbury Electric Power Board Construction and General Loan of £160,300, 1927 < part) Ditto Ditto Ditto DiUo Nth. Canterbury Electric Power Board Kowai County Electricity Loans Redemption Loan of £14,000 1932, being part of Construction & General Loan of £160,300 1927 .. 13.200 s', 4.1 1 Mch., 1912 Nil Nih. Canterbury Electric Power Board Rangiora County Electricity Loan Redemption Loan £3OOO (No. 1) 1932. being part of Construction & General Loan of £160,300 1927 3.000 s>, 41 1 June, 1942 Nil Nth. Canterbury Electric Power Board Rangiora County Electricity Loan Redemption Loan £SOOO (No. 2> 1932. being part, of Construction & General Loan of £160,300 1927 .. 5.000 51 4-J 14 Nov., 1942 Nil £ 136,200 Notice is hereby given to the holders of debentures or other securities issued by the North Canterbury Power Board in respect of the above-mentioned loans that it is intended 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 4 4 per cent, per annum. The conversion will take effect from Ist May. 1934. 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 Engineer-Secretary. North Canterbury Electric Power Board, Rangiora, on or before the 22nd day of May, 1934. 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 Ist day of May, 1934. Further particulars as to the new debentures and the conversion generally may be obtained from the EngineerSecretary, North Canterbury Electric Power Board, P.O. Box 20, Rangiora. Dated this seventeenth day of April, 1934. D. R. HUTCHISON, Chairman. - -(>:}74

TRUSTEESHIP DEMANDS not: onJy expert and careful business administration, but also wise and sympathetic advice for Beneficiaries. These advantages, together with continuity of management and the regular rendering of statements, are obtained when THE PERPETUAL TRUSTEES CO. Ltd. is appointed Trustee of a Will or Settlement. Full particulars as to the service rendered and the moderate charges made will gladly be given on application. Established 1884 A. C. BRETHERTON, Christchurch Manager 145 Worcester Street, Christchurch Offices: Christchurch, Timaru, Oamaru, Dunedin, Invercargill 3'M 71

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19340424.2.140.4

Bibliographic details

Press, Volume LXX, Issue 21147, 24 April 1934, Page 13

Word Count
549

Page 13 Advertisements Column 4 Press, Volume LXX, Issue 21147, 24 April 1934, Page 13

Page 13 Advertisements Column 4 Press, Volume LXX, Issue 21147, 24 April 1934, Page 13

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