Page 28 Advertisements Column 6

Press, 5 August 1981, Page 28

Public Notices BARN Dance, August 8, 8 p.m. Organised by St. Albans branch of the National Party. Come and hear Phil Garland and the Canterbury Bush Band. Tickets $lO each. Ph. 559-762. ' WE'RE highly optimistic about our Classified ads. Shop our columns and you’ll see why!D INCOME TAX INCOME TAX INCOME TAX CANTERBURY TAX . CANTERBURY TAX PREPARATION SERVICE PREPARATION SERVICE ON WHEELS ON WHEELS SALARY and Wage Earners'. Business, Partnership, etc., have your taxation return done in the privacy of your home, office or work place. PHONE 428-220 NOW PHONE 428-220 NOW. (Answer phone service available for all hours.) WTC ALLAN HAWES - M.N.Z.I.C.W. , CONSULTANT CLERK OF WORKS BUILDING CONSULTANT PROPERTY INSPECTIONS PURCHASES OR ALTERATIONS 9 QUARRY ROAD, CHRISTCHURCH 8. Ph. Bus. Sumner 6310 a.h. 841-359. WTC CHRISTCHURCH CITY COUNCIL ELECTRICITY EXTENSION LOAN 1981 $1,750,000 NOTICE is hereby given that at an Ordinary Meeting of the Christchurch City Council held on Monday, the 20th day of July, 1981, 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 17th day of August, 1981, at 7.30 p.m. in the Council Chamber, Civic offices. 163 Tuam Street. “That in pursuance and exercise of the powers vested in it by the Local Government Act 1974, and the Local Authorities Loans Act 1956, and all amendments thereto, and all other Acts (if ariyj. it in that behalf enabling, the Christchurch City Council hereby resolves, bj’ way of Special Order, to proceed to raise in New Zealand a loan to be known as the Electricity Extension Loan 1981 — $1,750,000. for the purpose of extending the distribution system and electrical reticulation of the Council's electrical undertaking. subject to the following determinations: (1) maximum term for which the said loan or any part thereof may be borrowed shall be 20 years, provided that; (a) Where the method of repayment is in accordance with Clause 3 (a) hereof, the term shall be not less than 6 years. (b) Where the method of repayment is in accordance with Clause 3 (b) hereof, any amounts borrowed for less than 6 years shall not exceed 40 per cent of the issue and shall be borrowed for 3 years and/or 4 years and/or 5 years;. (2) The rate of interest that may be paid in respect of tile said loan or any part thereof shall be such as shall not produce to the lender a rate exceeding the apropriate rate for the time being specified by the Local Authorities Loans Board and notified in the New Zealand Gazette, as if money borrowed pursuant to this sanction were money to which such Gazette notice applies; (3) The said loan or any part thereof, together with interest thereon, shall be repaid by any of the following methods of repayment; (a) By equal aggregate annual or half-yearly instalments of principal and interest; (b) By establishing a sinking fund before raising the said loan or any issue relating thereto and by making annual payments to such sinking fund at a rate of not less than 1.85 per cent per annum where the actual term is for 6 and/or 7 and/or 8 years or 2.07 per cent per annum for all other terms of the amount of the loan or of that issue, as the case may be (other than any part being repaid pursuant to sub paragraph (a) of this clause), for the time being borrowed and not repaid; • (4) No interest, instalment of principal and interest or payment to a sinking fund ■ shall be paid outside New Zealand or out of loan money; (5) No agreement or arrangement shall be entered into with any person in respect of carrying out any part of the work for which this loan was sanctioned whereby that person is to subscribe to the loan or receive any debentures or stock in satisfaction of all or part of the price for the carrying out of such work; (6) No agreement or arrangement shall be entered Into with any person to invest loan moneys or any part or parts thereof raised in accordance with the terms of this sanction whereby such investment would yield a rate of interst less than that which would be paid by the National Provident Fund on deposits with tne Local Authorities Investment Pool from time to time; (7) Commission or fees may be paid in respect of the raising of the said loan or any part thereof as the Board may determine from time to time: (8) Loan monies are not to be raised in excess of what would reasonably be required to carry out progressive stages of the works programme." PURSUANT to the Local Authorities Loans Act, 1956, IT IS HEREBY NOTIFIED that a poll of ratepayers is required to be taken, if not jess than fifteen percent (15pc) of the ratepayers of the City of Christchurch whose names are inscribed on the Ratepayers' Roll of the District so demand in writing under their hands, delivered or sent by post to the Christchurch City Council, and received at the offices of the Christchurch City Council, 163 Tuam Street, Christchurch 1, (P.O. Box-237), not later than 9 a.m. on Monday, August 17. 1981. being the date fixed for the confirmation of the resolution as set out above. J. H. GRAY. General Manager, and Town Clerk.