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£50,000 SIX PER CENT. DEBENTURES. THE Bank of New Zealand, acting for the Auckland Improvement Commissionors, invite Tenders for the whole or any portion of DEBENTURES representing Fifty Thousand Pounds, bearing six per cent, interest, payable half-yearly. The Debentures, by " Tho Auckland Improvement Act, 1873," are made a first charge on the lands and rents of laud vested in tho Commissioners, which at present comprise about fortyniue acres, including tho Albert Barrack Reserve, being the most valuable part of tho city, and affoi'ding undoubted security to the holder. The Debentures have coupons attached for each half-year's interest, which, with the principal, may be made payable at any of tho Chief Branches of the Bank of New Zealand in New Zealand, the place' of payment to be declared by letter addressed to the Secretary for the Auckland Improvement Commissioners within three months from date of acceptance of Tender, otherwise to be understood to be payable in Auckland. The principal will be repaid at par by a one per cent, cumulate Sinking Fund, applied by annual drawings to the extinction of the debt. The drawings will take place in the month of October in each year, commencing in 1876, at the office of, and on a day to be notified by the Improvement Commissioners, and will be conducted in presence of a Notary Public and any of the Debentureholders who may please to attend. The Debentures drawn will be paid at par lon the 10th January following. Tho ! Commissioners declare their minimum at par, and Tenders at or above that rate, in accordance with the form annexed, and addressed " Tender for Six per cent. Debentures," will be received by tho Bank of New Zealand, at Auckland, up to Tuesday, the 30th June next, when they will be opened in presence of any of the Tonderers who elect to attend. Payment will be required as follows : On application, 5 per cent, on amount applied for. On 15th July, equal to 50 per cent, i (inclusive of deposit) on amount allotted. On 31st July, 50 por cent. The Debentures will bear interest from the Ist July, 1874. Copies of the Act authorising the Loan may be seen at the Bank of Now Zealand, Auckland, New Plymouth, Wellington, Napier, Nelson, Blenheim, Christchurch, and Dunedin. For the Bank of New Zealand, D. L. Murdoch, Inspector. Auckland, April 15, 187-1. FORM OF TENDER. I hereby Tender for £ of tho Auckland ImprovementrLoau of £53,000, subjeot to the conditions in the advertisement dated 15th April, 1874, and for which I undertake to pay at the rate of £ for every £100 Debeuture. I enclose heroin the sum of £ , boing 5 per cent, ou the amount applied for. Name Address Date 297 j 27 »^ — — »!■ i.-i— — — IN THE WINDING UP OF THE PATEA FLAX COMPANY (Limited). fTIHE SHAREHOLDERS of the above JL Company are informed that the first distribution of 2s. in the £ will be payable at the National Bank of Nevir Zealand, New Plymouth, on and after the Ist May next. T. Hirst, Liquidator. 275 to 1 OATS ! OATS ! ! OATS ! ! ! To arrive ex ' Mary Webster,' from i Lyttelton, — ■ OAAA BUSHELS PRIME L)\J\J\J HEAVY POTATO FEED and SEED OATS. WUBSTERS & HULKG. Egmont Mills, Currie-streot. £83 to COAL! COAL!! Daily expected ox ' Mary Webster, 1 — HA TONS screened Nowcastle COAL. t)\J A few thousand five and six feet Hobartown Box Palings. Webster Brothers. April 13, 1874. 282 to COL. St. JOHN'S NEW BOOK. Now roady, price Five Shillings, T)AKEHA RAMBLES THROUGH 1 MAORI LANDS, by Lieut-Col. St. John. Copies may be obtained at the Taraxaki Herald Office. * PRICE ONE SHILLING. GAZETTEER Ob' THE PROVINCE OF TARANAKI, IN which the names of ovoi 300 places are given, together v \h a description of the same, aad the approximate distances from New Plymouth. On sale at tho Taranaki Herald Office. "HOSTING BILLS printed with exJ7 pedition (and posted, it required) at the "Herald" Printing Office. *

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TH18740422.2.2.7

Bibliographic details

Taranaki Herald, Volume XXII, Issue 2195, 22 April 1874, Page 1

Word Count
650

Page 1 Advertisements Column 7 Taranaki Herald, Volume XXII, Issue 2195, 22 April 1874, Page 1

Page 1 Advertisements Column 7 Taranaki Herald, Volume XXII, Issue 2195, 22 April 1874, Page 1