B.—ll

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-- , T Amount of Annual Increase of Name of Loan. Sinking Fund on each Loan. £ s. a. " The New Zealand Loan Act, 1856" ... ... ... 17,865 9 7 " The New Zealand Loan Act, 1860" ... ... ... 5,885 12 9 •'The New Zealand Loan Act, 1863 " ... ... ... 42,696 9 1.1 " The Consolidated Loan Act, 1867" ... ... ... 148,509 0 3 " The Immigration and Public Works Loan Act, 1870 " ... 23,131 11 10 " The Auckland Loan Act, 1863" ... ... ... 1,305 14 5 " The Wellington Loan Act, 1866" ... ... ... 701 9 5 "The Lyttelton and Christchurch Bailway Loan Ordinance, 1868" ... ... ... ... ... 3,813 9 8 "The Canterbury Loan Ordinance, 1862" ... ... 395 15 4 " The Otago Loan Ordinance, 1862" ... ... ... 3,398 1 5 Total ... ... ... £247,702 14 7 And whereas the computation so made as aforesaid was, on the twenty-sixth day of November instant, approved by the Controller and Auditor-General as required by the said Act: And whereas it is expedient that the creation of stock should be authorized as hereinafter mentioned: Now, therefore, His Excellency the Governor of the Colony of New Zealand, in pursuance and exercise of the power and authority vested in him by the said in part recited Act, and by and with the advice and consent of the Executive Council of the said colony, doth hereby authorize the creation of stock to the amount of two hundred and forty-seven thousand seven hundred and two pounds fourteen shillings and seven pence ; such amount being the total annual increase of sinking fund upon the loans hereinbefore mentioned for the year ending the thirty-first day of March, one thousand eight hundred and eighty-five, computed in accordance with the said Act as aforesaid. Foestee Goeing, Clerk to the Executive Council.

No. 44. Wm. F. Deummond Jeevois, Governor. ORDER IN COUNCIL. At the official residence of the Honourable the Colonial Treasurer, at Wellington, this twenty-eighth day of November, 1884. Present: The Honoueable the Peemiee peesiding in Council. Wheeeas by an Act of the General Assembly of the Colony of New Zealand, the short title whereof is "The Consolidated Stock Act, 1884" (hereinafter referred to as "the said Act"), it is among other things enacted that so much of all the loans set forth in the schedule as were outstanding on the thirty-first day of March last (together with the amount of twenty thousand nine hundred pounds of the General Purposes Loan, which fell due on the fifteenth day of October last), should be and are thereby declared to be convertible into stock : And also that, pending the operations for converting loans and creating the stock authorized to be created under the provisions of the said Act and " The New Zealand Consolidated Stock Act, 1877," the Colonial Treasurer may, when so authorized by an Order in Council in that behalf, create debentures to an amount not exceeding in the whole the amount of such stock; and may borrow and raise moneys from time to time by the sale, hypothecation, or mortgage of such debentures, or may exchange the sam for securities convertible under the said Act, as the Colonial Treasurer thinks fit; and that every such debenture shall bear interest at such rate not exceeding five pounds per centum per annum, and shall be in such form, and shall have a currency not exceeding seven years, as the Colonial Treasurer directs : And whereas by an Order in Council made and issued under the sixth section of the said Act on the date hereof the creation of stock was authorized to the amount of two hundred and forty-seven thousand seven' hundred and two pounds fourteen shillings and seven pence, such amount being the total annual increases of sinking fund upon the loans therein mentioned for the year ending the thirty-first day of March, one thousand eight hundred and eighty-five, computed, under the said Act as aforesaid : And whereas it is expedient that the power to authorize the creation of debentures under the said Act should be exercised in the manner hereinafter set forth, and that such debentures should be issued to an amount not exceeding the amount of stock authorized to be created as hereinbefore mentioned, and of certain other stock to be created under the hereinbefore-recited provisions of the said Act: And whereas the amount for which it is proposed to create such debentures does not exceed in the whole the amount of stock authorized to be created under the said Act and " The New Zealand Consolidated Stock Act, 1877." Now, therefore, His Excellency the Governor of the Colony of New Zealand, in pursuance and exercise of the power and authority vested in him by the hereinbefore in part recited Act, and by and with the advice and consent of the Executive Council of the said colony, doth hereby authorize the Colonial Treasurer to create debentures to the amount of three hundred and fifty-nine thousand five hundred and two pounds fourteen shilling's and seven pence, for the purposes, in the manner, with the powers, and upon and subject to the terms and conditions in the hereinbefore in part recited Act particularly mentioned. Forster Goring, Clerk of the Executive Council.

No. 45. The Colonial Teeasueee to the Loan Agents. Gentlemen, —■ The Treasury, Wellington, 6th December, 1884. I have the honour to advise you that, in pursuance of arrangements expressed in my letter