8.—5.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT

10

RECEIPTS. 1891-92. 1890-91. Balance at beginning of Year, — Cash in the Public Account Advances in the hands of— Stock Agents £ s. d. £ s. d. 263,054 15 6 389 9 6 263,444 5 0 Proceeds of Sale of 3£-per-cent. Inscribed Stock Debentures (Colonial issue) issued under " The Consolidated Stock Act, 1884," at 4J per cent... Four per cent, on £13,900 received on Conversion of New Zealand Consols in March, 1885 Temporary Advance from Bank of England 227,556 16 0 499,000 0 0 2,120,620 0 0 556 0 0 285,000 0 0 1,012,112 16 0 2,120,620 0 0 Balance at end of Year, — Cash overdrawn* Less Advances in the hands of — Stock Agents .. .. .. .. .. £833 4 9 Crown Agents .. .. .. .. .. ;1,100 0 0 257,998 7 6 5,375 12 9 1,933 4 9 3,872 5 0 256,065 2 9 1,503 7 9 Totals £1,268,177 18 9 £2,385,567 12 9 ■ A| [ainst 3j i-per-cent. Stock inscribed at the Bank of En{ land.