MOUNT EDEN BOROUGH COUNCIL.

Otago Daily Times, Issue 22213, 16 March 1934, Page 13

MOUNT EDEN BOROUGH COUNCIL.

CONVERSION OF LOANS.

Conversion under the Local Authorities Interest Reduction and Loans 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 that 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 sand bearing interest at 4J per cent, per annum. 'i - . - The conversion will fake effect from The first‘day of, April, 1934. Application for conversion mlist be made in writing and be accompanied by the securities to Avhich it relates. "i

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 18 of the above-mentioned Act, be reduced to two-thirds ofthe original, .rate as from the first day of April, 1934. The Mount Eden Borough Council reserves .the 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.; -. V f Further particulars as to the pew debentures and the conversion. generally may be obtained from the Manager, The Guardian Trust arid 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. , ", • ‘.-.v '■ /, Dated the 10th day of March, 1934. 1 T. McNAB, •; ■ y .Mayor.

Name. Amount £ Bate of Interest. ’ Premium Payable on Existing Security of £100. Original. Existing. Bate of Maturity, . •. ' Water Mains Loan Per cent. Per cent. ... . . ' 6,500 4* . 41 • 10th September, 1949 Nil . Bath and Municipal S te Loan.. , 1,600 . 4* . 41 1st October, 1940 Nil Bonding Loan • .. , , 42,000 44 41 ■ 1st March, 1949 Nil Boading Loan 3,170 44 ‘ 41 ' ' 22nd February, 1947 Nil Bonding Loan 4,200 44 41 1st March, 1949 . Nil Drainage Loan • .i .. 70,000 5' 41 1st January, 1952 Nil Drainage Loan ... • • • ", • 32,100 ■ 6i - 51 1st January, 1952 11 12 8 Drainage Loan .. 0 'ft • • • 12,900 6 41 1st January, 1952 6 14 9 Boading Loan • .ft ft - ft • 400 ' oi ' 41 1st January, 1957 Nil Boading Loan .. . . .. . - 11,300 04 "51 1st January, 1957 13 10 6 Boading Loan • . ft ' 28,300 6 6 ; 4i 1st January, 1957 7 16 7 Replacement Loan ft r 30,700 . 41 1st October, 1937 115 3 Antecedent Liability Loan 5,700 6 41 • 1st October, 1937 1 15 3 Boading Loan 8,600 . H; ■ 41 1st October, 1960 2 6 2 Boading Loan .., .. .. .;. Fire Station and Bath Improve116,400 . 5J . 4| 1st October, 1960 5 7 8 ment Loan .. / » ft ft ft "8,000 5f 4J 1st October* 1960 2 6 2 Water Mains Loan . ft ft 200 . ' 4| 1st October, 1960 2 6 2 Water Mains Loan ... •.•. ; m \ 6,800 5J 45 1st October, 1960 5 7 8 Drainage Loan .. *« ft • ' •« ' 13,500 •5* , M ... ... 4J 1st October, .1960 2 6 2 Drainage Loan .. 100,000 45 1st October, 1961 5 9 7 Boading Loan .. Boading Loan ,, , ; ,, 12,500 ' "5} A| 1st October, 1962 5 11 9 , . ,, ,, 5,000 ‘51 ■ 45 1st October* 1962 5 11 9 Fire Station and Bath Loan 800 .5! ' 4? 1st October, 1962 5 11 9 Water Mains Loan -• .,.... .. 700 5} 45 1st October, 1963 5 13 8 Boading and Various Purposes 107,700 53 45 1st April, 1963 5 12 9 Unemployment Relief Loan No. 1 8,000 6| 45 . 1st April, 1963 5 12 9 Unemployment Relief Loan No. 2 : 6,000 5|. 45 1st January, 1964 5 14 7 Drainage Loan Drainage Loan , . , , , , 10,000 5J 45 * 1st October, 1963 5 13 8 ■57,000 5i 45 1st April, 1964 2 9 1 Drainage Loan 43,000 ‘5J> 41 1st April, 1964 Nil Unemployment Relief Loan No, 3 2,000 ■ 5 \ 45 1st April, 1965 2 9 10 Boading Loan .. . .. . . .. Drainage Supplementary Loan, 8,750 . 51 M: 1st October, 1944 Nil 1930 .. .. , . , , , 10,000 . 53 45 1st April, 1967 5 19 9 Drainage Loan, 1930 ,, .. ,v 13,100 ■5| 45 1st August, 1967 6 0 6 Drainage Loan, 1930 Total ., .. .. .. I 3,200 .. ... ; £790ii20 . si , 41 1st August, 1967 Nil