Page 13 Advertisements Column 1

Dominion, Volume 28, Issue 120, 14 February 1935, Page 13

The Grey Electric-Power Board Conversion of Loans 1 ' ■ ■ ■ . ■ ' under the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33, and the Grey Electric-Power Board Loans Conversion Order, 1934, of debentures or other securities issued in respect of the following loans: — Rate of Interest. Name. Amount. • — Bate of Maturity. ■ Original. Existing. £ Per Cent. Per Cent. Construction Loan £BO,OOO (part) ... ... .. 30,000 6 ’4£ Ist June, 1949 Loan of £4OOO .. 43)00* 6 43 15th April, 1965 Further Construction Loan £BOOO (1929) .. .. 8,000 51 48 Ist June, 1966 Balance Loan of £5OOO (1930) ~ 5,000 5J 48 Ist April, 1966 Additional Loan of £BOOO (1929) (part) , ... ... 4 100 51 48 Ist April, 1966 Ditto .. .. '. ... ... 5| 48 Ist April, 1966 No. 1 Hydro Loan of £58,000 (1929) (part) .. 27,800 51 48 Ist April, 1966 Ditto .. .. .. 6*ooo * 53 48 Ist April, 1966 Ditto .. ... 23 300* 5J 48 Ist April, 1967 No. 2 Hydro Loan of £52,000 (1929) (part) .. .. 19400 s 51 48 Ist October, 1955 Ditto ... .. .. 43)00 s’r 48 Ist October, 1955 Ditto .., .. 28,900* 5| 48 Ist October, 1956 Loan of £4BOO .. ... 4800* 5} 48 Ist October, 1956 Supplementary Loan of £ll,OOO (1931). ~ • . 11,000 51 48 Ist April, 1958 Office Loan of £BOOO .. .. .. .. .. 8,000 51 48 Ist April, 1066 __ £lBB,BOO ; ♦Less amount of principal repaid up to, date of conversion. NOTICE IS HEREBY GIVEN to the holders of debentures or other securities issued in respect of the abovementioned loans that the Grey. Electric-Power Board intends 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 4i per centum per annum. 4 THE CONVERSION will take effect from the Ist day of April, 1935. 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 Secretary, Grey Electric-Power Board, Mackay Street, Greymouth, New Zealand, on or before the 15th day of April, 1935. i 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 April, 1935. Further particulars as to. the new debentures and the conversion generally may lie obtained from the Secretary Of the Grey Electric-Power Board, Mackay Street, Greymouth, New Zealand. DATED the 2nd day of February, 1935. WILLIAM CLAYTON, Chairman,