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Tenders. I £50,000 SIX PER CENT. DEBENTURES. rTHE Bank of New Zealand, acting for A the Auckland Improvement Commissioners, invite Tenders for the whole or any portion of DEBENTURES representing Fifty Thousand Pounds, bearing six per cent, interest, payable half-yearly. Tfee Debentures by " The Auckland Improvement Act, 1873," are made a first charge on the lands and rents of land vested in the Commissioners, which at present comprise about fortynine acres, including the Albert Barrack Reserve, being the most valuable part of the city, and affording 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 the 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 on the 10th January following. The Commissioners declare their minimum at par, and Tenders at or about that rate, in accordance with the form annexed, and addressed " Tender for Six per cent. Debentures," will be received by the Bank of New Zealand, at Auckland, up to Tuesday, the 30th June next, when they will be opened in presence of any of the Tenderers who elect to attend. Payment will be required as follows : On application, 5 per cent, on amount applied for. I On 15th July, equal to 50 per cent. (inclusive of deposit) on amount allotted. On 31st July, 50 per 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 New Zealand, Aucklaud, New Plymouth, Wellington, Napier, Nelson, Blenheim, Cbristchnrch, and Dnnedin. For the Bank of New Zeoland, D. L. Murdoch, Inspector. Auckland, April 15, 1874. Form of Tender. I hereby Tender for £ of the Anoklnnd Improvement Loan of £53,000, Bubjeot to the conditions in the advertisement dated 15th April, 1874, and for whioh I undertake to pay at the rate of £ for every £100 Debenture. I enclose herein the sum of £ , being 5 per cent., on tho amount applied for. Name Address Date..... 297 j 27—s TENDERS FOR GRAVELLING ROAD. Public Works Ofßce, Taranaki, April 24, 1874. npENDERS will be received at this 1 oGSce uniil 4 p.m. of Satdrdat, the 16th May nest, for GRAVELLING ! portions (about 300 chains) of the main lino of ROAD near Oeo, between Taungatara and Waipaipai. Specifications may be seen at this office and with the officer in charge at Opunako, whore all information may be obtained. The lowest or any Tender will not necessarily be accepted. O. Cakrington, Engineer in charge, • West Coast. 312 m 10 " MORE LIGHT." DEVOE'S BRILLIANT £1 2s. 6d. PER CASE for cash, and &\ sb. per Case if booked. Price's and Brandon's Sperm Candles 255. per box. HUMPHRIES & SON. 136 to BOOTS AND SHOES. WC. LAWRENCE begs to inform • the inhabitants of Waitara and the surrounding districts that he has opened a Store for the sale of Ladies' Gent's and Children's BOOTS and SHOES of all descriptions, at New Plymouth prices, for CASH. Adjoining Mr. B. C. Lawrence's Establishment. 327 m 6 ; pUSTOM HOUSE FORMS on sale ;\J at the Office of this paper. *

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TH18740502.2.2.6

Bibliographic details

Taranaki Herald, Volume XXII, Issue 2198, 2 May 1874, Page 1

Word Count
636

Page 1 Advertisements Column 6 Taranaki Herald, Volume XXII, Issue 2198, 2 May 1874, Page 1

Page 1 Advertisements Column 6 Taranaki Herald, Volume XXII, Issue 2198, 2 May 1874, Page 1

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