CO129-539-12 Loans for public works- military finances 26-2-1932 - 7-3-1933 — Page 90

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Mode

draw.g

Notice of debentures drawn for redemption

Payment of drawn debentures

Cesser of

interest from day appointed for payment of principal

(16)

specifying the day on which and the hour and place

at which the drawing will take place.

(c) On the day and at the hour and place so specified

the Colonial Secretary and the Treasurer or any

other officers appointed by the Governor for the

purpose shall hold a meeting at which the holder of

any debenture may if he think fit be present and shall

then in the presence of such debentures holders as

may attend draw by lot out of the whole number of

debentures for the time being outstanding debentures

of the specified nominal amount.

(a) The Colonial Secretary and the Treasurer or

other officers appointed as aforesaid shall thereupon

declare the distinguishing numbers of the debentures

drawn for redemption and the Treasurer shall as soon

as may be by advertisement in the ROYAL GAZETTE and

at least one of the local newspapers circulating

in the Colony specify those numbers and appoint a day

not being later as to each debenture than the day on

which the then current half-year's interest thereon

is payable on which the principal monies represented

by the debentures so distinguished will be repaid.

(e) From and after the day so appointed the Treasurer

shall at his office pay on demand to the holders

of the debentures drawn for repayment the principal

monies represented by those debentures with all

interest payable thereon up to the appointed day.

From and after the day appointed for the repayment

of any debenture whether a fixed-date or a drawing

debenture all interest on the principal monies represented

thereby shall cease and determine whether payment of the

principal shall have been demanded or not.

(17)

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