Page 34 Advertisements Column 2

Press, 9 February 1983, Page 34

Public Notices A special job needs a .Specialist, see "The Press” Specialist Services Guide every Tuesday in the Tradesmen column. FMW A summer clearance of ski equipment, skiwear. Great savings on trampins boots, packs', sleeping bags, tents, parkas, bush shirks, skin divine gear. Snowline Outdoor Sport. 252 Oxford Tee. FOR your renovations, additions. improvements. look for the specialists, in " i he Press" Specialist Services Guide each Tuesday. Tradesmen column. • FMW HAIRCUTTING and facials done in your own home. Ph. 68-151. MAN of the year is a machine, computer books of games, programmes, hardware. languages. etc. at Scorpio Books enr Hereford/Oxford Tee. MOTORISED madness at Ruapuna Raceway this Sunday. Full range programme plus the Heg's insane car jump record attempt. Don's miss this one. OPEN fire users. Beat the freeze this winter. "Berjan Fire Grids" are selling at rock bottom prices. Call in at Smith City Market Hardware and see for yourself. SPECIALIST Services Guide for the tradesman you need. See the Tradesmen column every Tuesday. FMW SPORTING clubs, etc., for fund raising try Benny's Butchery for quality meat raffles. Phone Mark 486-747. “THE Press" Chch street maps available now. Wall, pocket and sectional maps. December 1982 editions. Chch Press offices, Gloucester St and Cathedral Square. D TRADESMEN are needed for that special job. See Specialist Services Guide, Tuesday. Tradesmen column. FMW WE'RE highly optimistic about our Classified ads. Shop'our columns and you'll see whylD KAIKOURACOUNTY COUNCIL KAIKOURA - SOUTH BAY SEWERAGE LOAN 1982 SIOO.OOO NOTICE is hereby given that at a special meeting of the Kaikoura County Council held on Friday, January 14.1983, the following resolution was passed and it will be submitted to a meeting of the Kaikoura County Council to be held on Thursday, February 17,1983 at 1 p.m. in the Council Chambers Kaikoura for confirmation as a Special Order. RESOLUTION That in pursuance and exercise of the powers vested in it by the Local Government Act, 1974, and pursuant to the sanction of the Local Authorities Loans Board, dated December 14, 1982, the Kaikoura County Council proceed to raise a special loan of $lOO,OOO for the purpose of financing the local share for the completion of the New Sewerage Scheme for the Kaikoura township and South Bay. That such, loan shall be called Kaikoura - South Bay Sewerage Loan 1982 and shall be for a term of thirty years. That for the purpose of providing for the payment of interest and the repayment of Capital and other charges on the said loan, the Kaikoura County Council hereby makes a special rate of decimal nought five three one four (.05314) of a cent in the dollar upon the Capital Value of all the rateable properties comprised in the Kaikoura — South Bay special rating area in the County of Kaikoura and that the special rate shall be an annual recurring rate during the currency of the loan, being a period of thirty years or until the loan is paid off, subject to the following determinations:— (1) The maximum term for which the said loan or any part thereof shall be 30 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 the said loan or any part thereof shall be such as shall not produce to the lender a rate exceeding the appropriate rate for the time being speclficed 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 tnereof and by making annual payments to such sinking fund at a rate of not less than 0.67 per cent per annum where the actual term is for 6 and/or 7 and/or 8 years or 0.81 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 monies or any part or parts thereof raised in accordance with the terms of this sanction whereby such investment would yield a rate of interest less than that which would be paid by the National Provident Fund on deposits with the 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. It is further publicly notified that a pool of Ratepayers will be taken if not less than 15 per cent of the Ratepayers whose names , are inscribed on the Ratepayers’ Roll of the Special Rating area, by writing under their hands, delivered or sent by post to the Kaikoura County Council and received not later than 9 a.m. Thursday, February 17,1983. demanding that a Poll be taken on the proposal. D. E. ABSALOM, County Clerk.