8.—14 a

20

be given at the proper time to the Bank of England as to the terms on which bonds may be brought in for conversion from period to period. Copies of the tables will be sent next mail. The following papers are now enclosed : — 1. Letter from the Crown Agents to the Executive Trustee of the 1863 Sinking Fund reporting Further Sale of £10,000 4-per-cent. stock. 2. Narration by the Bank of England of Debentures sent in for Conversion since their Last Narration on the 24th June. 3. Narration by the Crown Agents of Debentures paid off by them since their Last Narration of the 24th June. I have, &c, The Hon. the Premier, Wellington. F. D. Bell.

Enclosure 1 in No. 19. Sir,— Downing Street, 15th July, 1891. I have to advise the sale of £10,000 New Zealand 4-per-eent. inscribed stock on account of the sinking fund 1891, for cash, on the 25th instant, as follows :— £ s. d. £ s. d. £10,000 at 105 .. .. .. .. .. .. .. .. 10,500 0 0 Power of attorney and stamp.. .. .. .. .. 0 12 0 Brokerage .. .. .. .. .. .. 25 0 0 25 12 0 £10,474 8 0 In compliance with the request contained in your letter of the 29th ultimo, the above proceeds will be placed on deposit at call at the London and Westminster Bank, in the joint names of Sir Penrose G. Julyan and yourself. I am, &c, Sir F. D. Bell, K.C.M.G., C.8., M. F. Ommanney. Executive Trustee of the Sinking Fund of Loan 1863.

Enclosure 2 in No. 19. Narration of Debentures sent into the Bank of England cob Convebsion.—(ln Continuation of Statement dated 24th June, 1891.) New Zealand Government 6-per-cent Debentures, authorised by the Loan Act of 1860, falling due Ist July, 1891, lodged with the Bank of England for Conversion from 24th June to 20th July, 1891. Five hundred and two Debentures at £100 each 3 4 5 6 7 8 19 55 56 57 58 61 62 63 64 65 70 71 72 73 74 75 70 77 78 79 80 81 82 109 111 112 113 114 115 120 121 122 123 124 251 252 255 256 260 261 262 263 264 299 310 311 342 343 344 349 351 352 353 355 365 373 375 377 378 379 380 381 382 383 384 385 397 401 402 403 404 405 406 407 408 409 410 411 412 413 425 426 449 450 452 454 455 456 457 458 459 474 475 481 482 483 498 499 500 510 511 512 513 514 515 516 517 518 519 520 521 523 524 525 526 528 529 530 533 536 537 540 541 542 543 556 557 558 559 560 561 562 563 564 565 572 573 575 576 577 578 579 580 581 582 583 584 585 606 607 608 609. 610 611 612 638 639 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 , 698 699 700 701 702 703 704 705 766 767 768 769 770 771 772 773 774 775 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 872 876 877 878 879 880 884 885 886 888 890 891 892 893 894 895 896 897 898 899 900 902 903 904 906 907 908 913 914 915 939 941 942 943 944 947 948 949 950 951 952 961 962 963 964 965 966 967 978 979 980 981 982 989 991 992 993 994 995 1031 1032 1033 1034 1041 1063 1064 1065 1066 1068 1069 1070 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1196 1197 1198 1199 1200 1211 1212 1213 1214 1217 1218 1219 1227 1228 1236 1237 1238 1239 1240 1241 1242 1243 1244 1246 1247 1253 1254 1281 1282 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1302 1307 1308 1309 1310 1311 1318 1319 1320 1321 1322 1326 1361 1366 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1436 1437 1438 1439 1440 1473 1475 1479 1480 1481 1482 1483 1484 1485 1486 1493 1494 1495 Summary. Five hundred and two debentures of £100 each = £50,200. Bank of England, 21st July, 1891. F. May.