B.—ll

1885. NEW ZEALAND.

LOANS AND CONVERSION OF DEBENTURES INTO INSCRIBED STOCK (PAPERS IN CONNECTION WITH THE NEGOTIATION OF THE).

Presented to both Houses of the General Assembly by command of His Excellency.

No. 1. The Agent-General to the Peemiee. Beceived 21/6/84. Conveesion. Bank rate, 2. Can arrange with Bank of England. Operation 5-per-cent. 5-30 debentures, rate 102^, first offering option until August, then applying force. Bank of England engaging pay off any outstanding. Please instruct whether proceed. London, June 20;

No. 2. The Stock Agents to the Colonial Treasueee. Sib, — 7, Westminster Chambers, London, S.W., 3rd May, 1884. We have the honour to transmit herewith copy of the Stock Agents' conversion account to the 30th April, which we have received from the Bank of England. The figures up to the end of February were sent to you in the Agent-General's letter of the 22nd February, No. 106, but they are now repeated in this account. We have, &c, P. G. Julyan, E. D. Bell, The Hon. the Colonial Treasurer, Wellington. Stock Agents.

Enclosure in No. 2. The Goveenor and Company of the Bank of Eng-land in Account with the New Zealand Stock Agent's " Conversion Account." 1884. Dr. £ s. d. 1884. Cr. £ a. d. Jan. 5. To cash advanced by the bank 12,000 0 0 Jan. 5. By cash paid for commission al- „ 11. Ditto .. .. .. 2,000 0 0 lowed to brokers, &c. .. 7,000 00 Feb. 21. Ditto .. .. .. 3,000 0 0 „ 16. By cash paid to Bank of New March 11. Ditto .. .. .. 1,000 0 0 Zealand .. .. .. 2,000 0 0 April 4. Ditto .. .. .. 1,000 0 0 ~ ~ By cash for advertisements .. 532 15 0 „ 30. Ditto .. .. .. 7,000 0 0 Feb. 7. By cash to Receiver-General of Inland Revenue .. .. 1,963 15 0 ~ 19. By cash for stamping scrip .. 52 5 0 „ 21. By cash to Bank of England for management .. .. 3,238 14 10 ~ ~ By cash for commission to brokers, &c. .. .. .. 2,088 15 0 March 10. By cash to Receiver-General of Inland Revenue .. .. 693 15 0 April 5. By cash to Receiver-General of Inland Revenue .. .. 930 0 0 „ 30. By cash to Bank of England for interest on sundry advances to Agent-General of New Zealand, from 18th October, 1883, to 30th April, 1884. .. 4,900 5 3 By balance.. .. 2,599 14 11 £26,000 0 0 £26,000 0 0 May 1. To balance .. .. .. 2,599 14 11 Bank of England, Ist May, 1884. E. May, Chief Cashier. I—B. 11.