ISSUE OF SHORT-DATED DEBENTURES UNDER THE LAND FOR SETTLEMENTS ACTS, 1894-99 (RETURN SHOWING THE CONDITIONS IN CONNECTION WITH THE).

Appendix to the Journals of the House of Representatives, 1900 Session I, C-05b

C—sb.

1900. NEW ZEALAND.

ISSUE OF SHORT-DATED DEBENTURES UNDER THE LAND FOR SETTLEMENTS ACTS, 1894-99 (RETURN SHOWING THE CONDITIONS IN CONNECTION WITH THE).

Return to an Order of the House of Representatives dated the 18th July, 1900. Ordered, " That there be laid before this House a return showing the conditions in connection with the issue of short-dated debantures under the Land for Settlements Act in the early part of the present year."—(Mr. Massey.)

Return showing the Conditions in connection with the Issue of Short-dated Debentures under the Land for Settlements Acts, 1894-99. 1. Amount. —£300,000; principal and interest payable in London. 2. Currency. —Two years as from the Ist April, 1900. 3. Interest. —At the rate of 4 per cent, per annum by half-yearly coupons, payable on the Ist October and the Ist April in each year. 4. Conversion. —The debenture-holders to have the option (expressed on the face of the debentures) of converting the debentures at any time during their currency into New Zealand Government 3-per-cent. Inscribed Stock on the following terms, namely : £103 of stock to be given in exchange for every £100 in debentures. Jas. B. Heywood, The Treasury, 13th August, 1900. Secretary to the Treasury.

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