MOUNT EDEN BOROUGH COUNCIL

Dominion, Volume 27, Issue 145, 16 March 1934, Page 15

MOUNT EDEN BOROUGH COUNCIL

CONVERSION OF LOANS Conversion under the Local Authorities Interest Reduction and Imans Conversion Act, 1932-33, and the Mount Eden Borough Loans Conversion Order No. 1, 1934, of Debentures issued in respect of the following Loans:

Notice is hereby given to the holders of debentures or other securities issued by the Mount Eden Borough Council in respect of the above-mentioned loans Wiat 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 4J per cent, per annum. The conversion will take effect from the first day of April, 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 Manager. The Guardian Trust, and Executors’ Company' of New Zealand Limited, at Auckland, Wellington, Napier or Gisborne, or to the Manager, South British Insurance Company Limited, at New Plymouth, Wanganui, Christchurch, Dunedin or Invercargill, on or before the 15th day of April, 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 IS of the above-mentioned Act, be reduced to two-thirds of the original rate as from the first day of April, 1934. The Mount Eden Borough Council reserves t'he right to redeem all or any of the new debentures maturing on or after the first day of April, 1942. on such earlier date (within five years of the maturity date thereof, but not earlier than the first day of April, 1942) as the Mount Eden Borough-Council may specify in a notice in that behalf to be published in the Gazette at least six months before such earlier date. Further particulars as to the new debentures and the conversion generally may be obtained from the Manager. The Guardian Trust and Executors’ Company of New Zealand Limited, at Auckland, Wellington, Napier. or Gisborne or from the Manager. South British Insurance Company Limited, at New Plymouth, 'Wanganui, Christchurch, Dunedin,.or Invercargill. T. McNAB, Dated the 10th day of March, 1934. Mayor.

Name. Amount. Rate of Original. Interest. Existing. Date of Maturity. Premium payable on existing £ Per cent. Per cent. £ s. d. 0.500 4-V 41 10th Sep!ember, 1949 Nil Bath and Municipal Site Loan 1,600 4} 41 1st October, 1910 Nil . 42.000 41 4} 1st March, 1949 Nil 3.170 41 41 22nd February, 1947 Nil 4,200 4i 4.1 1st March, 1949 Nil . 70,000 5 4.1 1st- January, 1952 Nil . 32,100 6} 51/5 1st January, 1952 11 12 8 . 12,900 6 4 4/5 1st January, 1952 6 14 9 400 51 4.1 1st January, 1957 Nil . 11,300 6J 51/5 1st January, 1957 13 10 6 . 28,300 6 4 4/5 1st January, 1957 7 16 7 . 30,700 6 • 4 4/5 1st October, 1937 1 15 3 Antecedent Liability Loan 5,700 6 4 4/5 1st October, 1937 1 15 3 8,600 5 J 4 2/5 1st October, 1960 2 6 2 Loading Loan . 116,400 52 4 3/5 1st October, 1960 5 7 8 Fire Station and Bath Improvement Loan . 8,000 54 4 2/5 1st October, 1960 2 6 2 Water Mains Loan 200 54 4 2/5 1st October, 1960 2 6 2 AV.nfnr Mains Koan 6,800 52 4 3/5 1st October, 1960. 5 7 8 Drainage* Koan 13,500 54 4 2/5 1st October, 1960 2 6 2 Drainage Loan . 100,000 52 4 3/5 • 1st October, 1961 5 9 7 Ron cling Loan . 12.500 52 4 3/5 1st October, 1962 5 11 9 Roacling Loan 5,000 / 52 4 3/5 1st October, 1962 5 11 9 Fire Station and Bath Loan 800 52 4 3/5 1st October, 1962 5 11 9 Water Mains Loan • • , 700 57 4 s/r> 1st October, 1963 5 13 8 Bonding and Various Purposes 107,700 52 4 3/5 1st April, 1933 5 12 9 Unemployment Relief Loan No. 1 8,000 52 4 3/5 1st April, 1963 5 12 9 Unemployment Relief Loan No. 2 6,000 52 4 3/5 1st January, .1964 5 14 7 Drainage Loan 10,000 52 4 3/5 1st October, 1963 5 13 8 Drainage Loan 57,000 54 4 2/5 1st April, 1964 Drainage Loan 43,000 5$ 4 ’< 1st April 3964 Unemployment Relief Loan No. 3 ... 2,000 54 4 2/5 1st April, 1965 2 9 10 Reading Loan .. 8,750 51 4.1 1st October, 1944 Nil Drainage Supplementary Loan, 1930 10,000 52 4 3/5 1st April, 1967 5 19 9 Drainage Loan, 1930 13,100 52 4 3/5 1st August, .1967. 6 0 6 Drainage Loan, 1930 3,200 5'1 41 1st August, 1967 -. Nil Total £790,120