I STOITKD THAI' AND <TIICI> A vki:v it ai > by u single bottle of I'r I'iiseull's ('ou<{h Mixture. McDowall. -Is fill ami 2s 6<l. Jv.vlks, clu-miM. Napier ami Hustings.—Advt.
TEW ZEALAND GOYERNS ME NT £:-«! PER CENT. 10 25 DEBENTURE LOAN. ISSTE OK .£500,000 Part of 1*1,000.000 authorised to bo raised under an Act of the General Assembly of New Zealand, and intituled " The Aid to Public Works and Lund Settlement Act, 15%."
Minimi m l'jiicii <>f Lssi'K, £'loo vku Ci;nt. The Colonial Trensurer invites I'emlers for X"5OO.0(>0 New Zealand Government Three Mini onc-liiilf per cent. Debentures, representing £IOOO. .£SOO. £2OO, and £'loo respectively. payable to J tearer. These i ><-1 it-il'ur. -s are secured on tlie Public lievenue of the Colony. The Principal will lie repaid at par not earlier than ten years nor later than twenty-five years from the 21st December. i.S'JO. the Government reserving to itself the right of redemption (hy conversion or otherwise) on the loth February or loth August, 1907. or in any year after the year 1907, upon giving .six months' notice in the Government Gazette. and in at least four newspapers published in the Colony, of its intention to do so. Doth Principal and Interest will be made payable at the Treasury, Wellington. New Zealand. 1 >ividends. represented by Coupons attached to the Debentures, will be payable at the Treasury, Wellington, on the 15th February and on the loth August in each year during the currency of the Loan. The issue price will be at the rate of £IOO it) money for every £IOO expressed in Debentures {below which no tender will be accepted), payable as follows : 5 per cent, deposit on application ; 45 per cent, on Monday, the 21st December, 1896, 2-3 per cent, on Monday, the 18th J Miliary, 1897 ; 25 per cent, on Monday, the 15th February, 1897. Payments may be made in full at anytime on or after the 21st December, 1896, and prior to die 15th February, 1807, at a discount at the rate of one pound ten shillings per centum per annum. Sealed tenders, addressed to the Secretary to the Treasury,. Government Buildings, Wellington, accompanied with the 5 per cent, deposit, will be received up to noon on Monday, 7th December, 1896, when they will be opened in the presence of a committee, consisting of the Colonial Treasurer, the Controller and AuditorGeneral. and Mr Henry Kember, F.1.A.X.Z.. and allotment will forthwith be made. If cheques arc lodged with a Tender they must be drawn upon a bank in Wellington, and be marked by such bank as "good" for fourteen days. Cheilites issued by a bank need not be so marked. Tenders may be for the whole or any part of the Loan, and must state what amount of money will be given for every £IOO of the Debentures tendered for. Tenders must be for even hundreds of pounds sterling, and at prices which are multiples of sixpence. Tenders at different prices must be on separate forms. The nominal amount of Debentures tendered for must be written on the outside of the tender.
Should the tenders received exceed in the aggregate the amount required, a pro rata distribution will be made. In case of partial allotment, the balance of the deposit will be applied towards the first instalment. In case of default in the payment of any instalment at its proper date, the deposit and instalments previously paid will be liable to forfeiture. "\\ hen no allotment is made, the deposit will be returned. The first instalment and all subsequent payments may be paid at any Branch of the Bank of New Zealand within the Colony, to the credit of the Public Account or at the Treasury, "Wellington, not later than the several dates previously mentioned. iSerip Certificates (with Coupon attached for the payment of interest for the broken period from the 21st December, 1896, to the 15th February. 1897), will be issued, to be exchanged for the Debenture-bonds with Interest coupons attached. The first six months' interest, calculated upon the nominal amount of the Debenture, will be pava.ble oil the 15th August, 1897. Tenders must be on printed forms, which may be obtained at the Cashier's Office, Treasury, "Wellington, or at the Offices of the Bank of New Zealand at Auckland, Wellington, Christckureli, or Dunedin. Office of the Colonial Treasurer, "Wellington) 18th Nov., 1896.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAST18961204.2.18.3
Bibliographic details
Hastings Standard, Issue 188, 4 December 1896, Page 4
Word Count
725Page 4 Advertisements Column 3 Hastings Standard, Issue 188, 4 December 1896, Page 4
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.