8.—16

8

repaid at par at the same place : And, lastly, we do further declare that the revenues of the Colony of New Zealand alono are liable in respect of the stock hereinbefore described and the dividends thereon, and that the Consolidated Fund of the United Kingdom, and tho Commissioners of Her Majesty's Treasury, are not directly or indirectly liable or responsible for tho payment of the stock or of the dividends theroon, or for any matter relating thereto. In witness whereof we have hereunto set our hands and seals this- 20th of May, 1886. Signed, sealed, and delivered by the above-named Sir Francis Dillon Bell and Sir Penrose Goodchild Julyan in tho presence of Leonard J. Maton, F. D. Bell. (1.5.) Solicitor, 21, Cannon Street, London. P. G. Julyan. (1.5.)

First Schedule—List of Outstanding Debentures.

Second Schedule.—Terms of Conversions.

F. D. Bell. P. G. Julyan.

Enclosure 2 in No. 5. It is hereby declared that, by " The Now Zealand Consolidated Stock Act, 1877," being Act 41 Vict., No. 33, of the Legislature of the Colony of New Zealand, provision is made in the terms following, that is to say: Section 2. Whenever in any Act heretofore passed by the General Assembly, or that may bo passed in the present or any future session of the General Assembly, authority is given to the Governor, or to the Governor in Council, to raise by way of loan any sum of money for the public service of the colony, then, unless there be some provision to the contrary in the Act by which such authority is given, such sum may be raised in the manner hereinafter provided. Section 3. For the purpose of raising such sum or sums of money under the authority of any such Act as aforesaid, it shall bo lawful for the Governor in Council to create capital stock, to be called " The New Zealand Consolidated Stock " (hereinafter referred to as " stock "), subject to the provisions of this Act, to be issued in such amounts and manner, at such price and times, on such terms, and subject to such conditions, with such dividends, and redeemable at par at such times and on such conditions as the Governor in Council may before the creation thereof from time to time determine.

Act under the authority of which the Debentures were issued. Amount of Debentures outstanding. Rates of Interest. Part 1. — Being Loans referred to in the Act of 1884, and proposed to bt " New Zealand Loan, Act, 1860 " " New Zealand Loan Act, 1863 " .. .. .. .. .. ..J " Consolidated Loan Act, 1867" .. .. .. .. £7,283,100 " Immigration and Public Works Loan Act, 1870 " (five-thirties) " Immigration and Public Works Loan Act, 1873 " (five-thirties) 1 Immigration and Public Works Loan Act, 1874 " (five-thirties) " New Zealand Loan Act, 1876 " (ten-forties) .. " New Zealand Loan Act, 1877 " (ton-forties) " New Zealand Loan Act, 1879" .. .. .. .. .. .. | <e now Converte- £ 93,100 488,000 201,500 236,000 93,900 2,043,400 201,400 714,600 2,030,100 ; 1,000,000 | 2,500,000 j 524,000 ... 6 per cent. 5 per cent. 6 per cent. 6 per cent. 6 per cent. 5 per cent. 4J per cent. 4§ per cent. 4J per cent. 5 per cent. 5 per cent. 5 per cent. Part 2.— Being Loans referred to in the Act of 1884, and proposed to be 1 hereafter Conve •rted. General Government Loans : i " Defence and Other Purposes Loan Act, 1870 " .. '** General Purposes Loan Act, 1873 " .. .. .. .. .. j " Westland Loan Act, 1873" .. .. .. .. .. Provincial Loans: " Auckland Loan Act, 1803 " .. .. .. .. " Lyttelton and Christchurch Railway Loan Ordinance, 1860 " " Canterbury Loan Ordinance, 1862 " " Otago Loan Ordinance, 1862 " .. I £ 25,000 49,500 54,700 50,000 I 31,600 77,700 22,800 116,700 4| per cent. 5 per cent,. 5 per cent. 5 per cent. 6 per cent. 6 per cent. 6 per cent. 6 per cent.

Names of tho Acts under which the outstanding Debentures have been issued. O O _.-*_! +_ __.Q a «■£ 3 to S3 O © _7 8|8 _ S Q OPS Amount of New Zealand Consolidated Stock to be issued in exchange for every .£100 represented by a Debenture in cases where new Debentures be not taken temporarily. O Go *§£ °| "X m o g o aja o _ o *§* Amount of New Zealand Consolidated Stock to be; issued in exchange for every £100 represented by new Debentures, if taken temporarily. Q_Q ■r,7_ o w o gs . ■S'S » 2 S ■p*J_ d irr.S O A_ °'__ 2 ft •p _. si &-» co O © u "S.2 OS ' Immigration and Public Works Loan Act, 1870 " (5-30) ' Immigration and Public Works Loan Act, 1873 " (5-30) ' Immigration and Public Works Loan Act, 1874 " (5-30) ' Consolidated Loan Act, 1867 " ' New Zealand Loan Act, 1863 " — As to the 5-per-cent. debentures As to the 6-per-cent. debentures 11 New Zealand Loan Act, 1876 " (10-40) ■' New Zealand Loan Act, 1877 " (10-40) ■' New Zealand Loan Act, 1879 " .. 11 New Zealand Loan Act, 1860 " .. £ ) ( 11,890,700j i I 600,600 £ 101 101 101 106 112 10s. 109 102 1886. 2 April 2 April 2 April 2 April 1886. 1 May IMay 1 May IMay £ 107 110 1892. 15 April 1892. IMay IMay 109,200 114,400 2 April 2 April 2 April 1 May 1 May IMay 15 Jan. 1 1,292,700 J f I 102 2 April IMay 136,000 19,000 103 109 2 April 2 April 1 May 1 May