NELSON CITY CADETS. MEMBFRS to "MEET for CBURCFI ™v, l xtt-^ BADF ' T O-MORR()W (Sunday) MOhNING, at a quarter past 10 o'clock. JNO. W. WIGZELL, 903 Captain. [Extract from the New Zealand Gazette, April 9, 1874.] ISSUE OF £50,000 NEW ZEALAND GOVERNMENT DEBENTURES UNDFR " THE WESTLAND LOAN ACT, 1873." Treasury, Wellington, T_, 9th April, 1874. ENDEKS are invitsd for the purchase of the whole or anv portion of Fifty Thousand Pounds New Zealand Government Debentures, issued under the Act of the Legislature of the Colony, entitled " .he Weetland Joan Act, 1873." By the Act above cited, tho principal gum to be raised, and the interest thereon, are charged on the Consolidated Revenue of the Colony; a special block of 250,000 acres in extent being set apart' as security to the Colony for the amount tq be raised. ll.c Tenders -will be received and : the Debentures issued subject to the • undermentioned conditions: — ' : ' ' f ' 1. Tho Debentures will be payable,, to bearer, and will be i«Wd in" lur-t. of r.ot less than One Hundred Pounds '•' each. . • - ' " % 2. Tho Debentures will bear' iritc rest at the rate of 5 per cent rer annum, payahle half-yearly, ou the 15th ,cny cf Apiil aud the 15th day of -October' in each year, at the Treasury at ; Wellington, or rt any branch of tho Bank of New Zetland in New Zealand, oh notice given at the Treasury one month beforo the due date. 3 The principal sum will bs payable on the 15th day nf April, 1894, at, the Treasury at Wellington, or at' any branch of the Bank of Ne* Zealand iu New Zealand, at the rptionof rrthe holder, six. months' notice being required, previous to maturity, -of the place at which payment is detired. 4. Tenders will be opened at the Treasury at Wellington, at noon, on Friday; the Ist day of May next, in the presence of such of the tenderers as desire to be present — the minimum price under seal being first placed on the table. In Ihe eTent of equal tenders being ' received for a sum in excess of the issue, a pro rata distribution will be mado. ~ 5. The amount tendered tor must be paid nt the Treasury at Wellington as under.- — Five (cr cnt accompanying application; the balance on or before the Bth May On payment of the balance of purchare money, Debentures sigrcd by the Agents appointed under the Act will be forwarded, at the ri-k of the Governmeut, to purchasers or their nominees. Half per cent brokerage will be allowed to brokers through whoee applications sales are effected Applications by telegraph, received not later than 10 o'clock a. m, on the Ist May, will be accepted, provided they r.re accompanied by a telegram from the Manager of any Branch or Agency of the Bank of New Zculand notifying that the necessary deposit has been paid into the Bank of New Zealand to the credit of a Loan Deposit Account. If no allotment be made, the 5 per cent deposit will be returned in full;' and if a portion only of the amount be allotted, the surplus will be applied in payment of the balance. JULIUS VOGEL, Colonial Treasurer. Form of Tender I hereby tender for £ New Zealand Five per Cent Debentures, at the price of £ for each £100 of such Debentures; acd I agree to accept the same or any less amouut tbat may be alLttol to me, and to pay for them in cash at tbe . Bank of New Zealand (a) on ■ , (a) The name of tLe place at which 'the purchaser undertakes payment of the balance to be inserted. ' ' » 1002
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https://paperspast.natlib.govt.nz/newspapers/NEM18740418.2.14.3
Bibliographic details
Nelson Evening Mail, Volume IX, Issue 92, 18 April 1874, Page 2
Word Count
605Page 2 Advertisements Column 3 Nelson Evening Mail, Volume IX, Issue 92, 18 April 1874, Page 2
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