8.—15

Sess. 11.—1891. NEW ZEALAND.

PAYMENT OF INTEREST BY THE NEW PLYMOUTH HARBOUR BOARD (CORRESPONDENCE RELATING TO).

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

No. 1. The Chaieman, New Plymouth Harbour Board, to the Colonial Teeasueee. Sib,— Wellington, 16th April, 1889. I have the honour to request the Government to make an advance at once to the Harbour Board. Trust Account of a sum of £2,200,* to be stopped out of the Land Fund which will be due on the 30th September next, and out of the Crown and Native rates for the ensuing year, so as to enable the Board to pay the entire coupons due on the Ist of May next. I have, &c, T. King, Chairman, New Plymouth Harbour Board. The Hon. Sir H. A. Atkinson, K.C.M.G., Colonial Treasurer, Wellington.

No. 2. The Manages, Bank of New Zealand, Wellington, to the Colonial Teeasueee. Sib,— Bank of New Zealand, Wellington, 23rd October, 1889. I have the honour, by direction of the bank's Inspector in Auckland, to apply to you for payment of the sum of £5,115 7s. Id., to provide interest instalment on New Plymouth Harbour Board bonds, and I shall be obliged if you will enclose cheque for this amount. Particulars of the manner in which it has been made up should reach me by next mail from New Plymouth. I have, &c, The Hon. the Colonial Treasurer, Wellington. P. T. J. Paefitt (pro Manager).

No. 3. The Managek, Bank of New Zealand, Wellington, to the Colonial Teeasueee. Sib,— Bank of New Zealand, Wellington, 25th October, 1889. Interest Neiv Plymouth Harbour Board. —Continuing my advices of the 23rd instant, I now beg to hand you statement therein referred to. For your information, I may mention that the Inspector, Auckland, has instructed me to remit the amount to him, and that he will adjust with London. I have, &c, The Hon. the Colonial Treasurer, Wellington. P. T. J. Paefitt (pro Manager).

. Enclosure 1 in No. 3. Bank of New Zealand, New Plymouth, 22nd October, 1889. Memoeandum for Wellington office re New Plymouth Harbour Board : — £ s. d. Amount required on account of interest ... ... ... 5,000 0 0 Bank of New Zealand, London, commission, i per cent. ... 25 0 0 Total required in London ... ... ... ... 5,025 0 0 Exchange, £ per cent, on £5,025 ... ... ... 43 19 5 5,068 19 5 Interest from the 7th September (date of closing of mail when money should have been paid over here) to the 22nd October, fortyfive days at 7 per cent. .. ... ... ... -13 15 0 Cost of cablegram to London ... ... ... ... 2 12 8 £5,115 7 1.

* Payment of this advance was made to the Board on 17th April, 1889.

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