Page 11 Advertisements Column 3

Evening Star, Issue 21736, 2 June 1934, Page 11

FINANCIAL. BOROUGH or sT. HILDA. L 0 A X CON YEE SI 0 A’. NOTICE IS HEREBY GIVEN that a Special Meeting of thc St. Boiough Council will be held in the Council Chamber* at St. Kilda on THURSDAI, the ah day of June, 1934, at 5.30 p.in., tor the purpose of confirming the resolution passed at a Special Meeting of the Council on the 23rd day of May, 1934, the purpose ot such resolution being that under the provisions ot the Local Authorities Interest Reduction and Loans Conversion Act, 1932-33 the Council shall issue new securities in conversion of the existing securities ofthe following Loans. Name. Loan of £2,000 (part) Loan of £25,500 (£24,000 raised) Antecedent Liability Redemption Loan of £5,900 .. Redemption Loan of £6,800 Special Loan (Street Improvements) Waterworks Redemption Loan of £5,000 ... Hall Redemption Loan ot £I,OOO Works Redemption Loan of £13,300 TOTAL Amount. ... £I,OOO ... 24,000 ... 5,900 ... 6,800 ... 25,000 ... 5,000 ... 1,000 ... 13,300 ... £82,000 Date of Maturity. 20th July, 1938. : Ist September, 1944. Ist September, 1941. Ist August, 1953. - Ist December, 1936. 10th January, 1942. Ist August, 1942. Ist March, 1942. Such new securities to bo issued in accordance with the provision* of the St. Kilda Borough Loans Conversion Order, 1934. The Order mentioned above provides as lollows; 1. The conversion shall take effect as ffrom Ist July, 1934. . 2. That holders desiring to convert shall apply in writing to the Council and torward the securities held by them. . . ... ... , , .. 3. That dissent from conversion can be signified in writing delivered to the down Clerk on or before the 14th day of July, 1934. , 4. That if no intimation is received from holders it will be taken that assent is given and the securities will be converted. ... • , c 5. That the rate of interest which will be payable on debentures m respect of which dissent is signified will be two-thirdsof the original rate specified m the security ConYCrsJon proposa i s pro vido for liquidation by periodical redemptions over a period of 21 years in accordance with the provisions ot the St. Kilda Borough Loans COn 7 er prem°ms er ;n conversion will be allowed in order to compensate the holders for the difference between the rate of interest in the new securities and the rate which is at present payable. GRIFFIN, Town Clerk. St. Kilda, May 25, 1934.

WE LEND MONEY On the following Securities;— Furniture, Pianos, Motor Cars, Shares of All Classes, etc. T HE SECURITY LOAN CO. LTD.. AND FINANCE Security Buildings, Stuart street, Dunedin. P.O. Box 671. Phone 18-9 H. Anyone wishing to sell or OBTAIN INFORMATION regarding New Zealand Perpetual Forest Bonds or other Forestry Investments, write P.O. BOX 737, Auckland.