15—No. 3
Wellington, £11,000, and Hawke's Bay, £17,000 is arrived at as divisible between the two Provinces. Second. The same also as regards the proportion of Wellington, £20,000, and Hawke's Bay, £18,000.
I have, &c, The Honble. the Colonial Secretary, J. C. Lambton Carter, Auckland, Superintendent.
No. 4. MR. FOX TO THE SCTERINTENDENT OF HAAVKE's BAT. Colonial Secretary's Office, Auckland, 11th November, 1861. Sir,— Adverting to your Honor's letter of the 19th ultimo, requesting further information respecting the sum of £2071 Is. 6d. you were called upon to pay on account of interest and sinking fund due by the Province of Ilawkes' Bay. I have the honor to enclose for your informational! explanatory Memorandum from the Assistant Treasurer on the subject. The account has been prepared in accordance with the rule laid down in the 15th section of the '' New Provinces Act," but it has been accepted by neither of the Provinces, and it will be therefore more desirable that the whole matter should stand over until the next session of the General Assembly. I have, &c, His Honor the Superintendent, William Fox. Hawke's Bay.
Enclosure in No. 4.
Ist. On referring to the debit side of the account it will be perceived that £990 is the interest for the period from Ist October 1858 to 30th June 1859. As the New Province was only constituted on the Ist November, 1858. Wellington has been charged with the interest on £10,000 for the month of October, (say £50) the remainder £940 is the interest from the first of November, 1858 to 30th June 1859, and is apportioned according to the I ule laid down in the New Provinces Act.
2nd. The interest on Wellington £20,000; Hawke's Bay £18,000 is for the year commencing Ist July, 1859, and ending Juue 1860, viz. £2790 less £660 charged specially to Wellington. Treasury, Bth November, 1861. R. F. Porter, Assistant Treasurer.
No. 5. THE SCPEUINTENDENT OF HAVKE's BAY, TO THE COLONIAL SECRETARY. Superintendent's Office, Napier, November Bth, 1861. Sir, — In further continuation of my letter of Bth October, 1861, in reply to yours of 20th August last, on the subject of your request that £2071 Is. Gil. should be paid to the Colonial Sub-Treasurer on account of interest and sinking' fund, I trust you will excuse my again asking for some further information.
First. If, in the adjustment of the balance of interest of £990 between Wellington and Hawke's Bay. shewn on the credit side of the account appended to your letter as "'Wellington, one month on £l 1,000," should v t have been £55, instead of £50, as being the sum only chargeable to Wellington— for the interest on £1 1,000 for 12 months is £66U, consequently one month, £55, leaving £935 to be divided between the two Provinces, instead of £940, according to the proportion proposed? For the manner in which this is arrived at, 1 have already in my previous letter asked for information. Second. How it is that the amount —viz., £49,000, upon which interest is charged, and apportioned between Wellington and Hawke's Bay, year ending 30th June, 1860 —ditfers to, and is greater than, the actual amount expending in land purchases from these Provinces up to that period— viz., £46,383 2s. 1 Id.—as shewn under the head of Native Land Purchase, page 7, letter C —No. 1 of the Appendix to the Journals of House of Representat' or 1860. I 1 aifa, Lj., The Honble. the Colonial Secretary, J. C. Lambton Cartkh, Auckland. Superintendent.
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APPORTIONMENT OF THE PURLIC DEBT OF
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