Page 36 Advertisements Column 4

Press, 20 December 1978, Page 36

Public Notices CHRISTCHURCH CITY COUNCIL THE ELDERLY PERSONS' HOUSING (LEES ROAD) LOAN 1978 $176,864 NOTICE is hereby given that at an Ordinary Meeting of the Christchurch City Council held on Monday, the 18th day of December. 1978, the following resolution was passed and will be submitted for confirmation as a Special Order at an Ordinary Meeting of the Council to be held on Monday, the 19th day of February, 1979, at 7.30 p.m. in the City Council Chambers, 194 Manchester Street: “THAT in pursuance and exercise of the powers vested in it by the Municipal Corporations Act 1954 and the Local Authorities Loans Act 1956, and all amendments thereto, and all other Acts (if any) it in that behalf enabling, the Christchurch City Council hereby resolves, by way of Special Order, to proceed to raise in New Zealand a Loan to be known as the Elderly Persons’ Housing (Lees Road) Loan 1978 — 8176,864, for the purpose of erecting 32 elderly persons’ housing units, subject to the following determinations:

(1) The term for which the said loan or any part thereof may be borrowed shall be 30 years; (2) The rate of interest that may be paid in respect of the said loan or any part thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding 3.5 per cent per annum; (3) Notwithstanding anything in Clause (2) hereof, the rate of interest may be increased or reduced not less than three years after such part of the Joan is borrowed and at intervals of not less than three years thereafter to a rate not exceeding the rate for the time being fixed by the Housing Corporation of New Zealand for new loans granted for similar purposes provided that in no case shall the rate of ini 1 erest be increased to a rate in excess of the ' maximum rate for the time being determined by the Minister of Finance pursuant to section 9 of 1 he Local Authorities Loans Act 1956; (4) The said loan or any part thereof, together with interest thereon, shall be repaid by equal aggregate annual or half-yearly instalments extending over the term as determined in Clause (1) hereof; (5) The payment of all such instalments shall be made in New Zealand and no such instalment shall be paid out of loan money; (6) Such further conditions that may be stipulated by the Mortgage Loans Committee of the Housing Corporation of New Zealand.’’ J. H. GRAY, General Manager and and Town Clerk. 7380 IN THE MATTER of “THE COMPANIES ACT, 1955” and IN THE MATTER OF GUDGEON HOLDINGS LTD 'in voluntary liquidation). 'NOTICE is hereby given that !Gudgeon Holdings Ltd. on the 16th day of November. 1978. passed the following special resolution: — I THAT the company be (wound up voluntarily and ■ THAT a declaration of solviency having been filed. Geoff - rev* Hames Hickford, of Christchurch, Chartered Accountant. be and is hereby appointed liquidator for the purposes of such winding up. The liquidator doth hereby fix the 19th day of January, 1979. as the day on or before which the creditors of the company are to prove thendebts or claims, and to establish any title they may have I to priority under Section 308 of the Companies Act, 1955. or to be excluded from the benefit of any distribution made before such debts are proved or. as the case may be. from objecting to such dis-I tribution. Dated tins 19th day of | December. 1978. G. H. HICKFORD, Liquidator. Address of Liquidator: c/o Wilkinson Wilberfoss. j B.N.Z. House. P.O. Box 2091, i Christchurch. I 7390