8.—5

STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT

* Against authority to create stock for expenses of conversion.

10

RECEIPTS. 1893-94. 1892-93. 3J-per-cent. Inscribed Stock Temporary Advance from Bank of England In reduction of Conversion Expenses,— Interest on unsold 3J-per-cent. Stock Transfer from Public Works Fund: Charges and Expenses of raising Loans—Loss arising from sales of 3J-per-cent. Stock below 94 Profit on purchase and sale of debentures in 1886-87 Premium on sale of £29,000 4-per-cent. Inscribed Stock, at 101f £ s. d. 1,036,000 0 0 100,000 0 0 £ s. d. 303,509 10 6 2,000 0 0 130 9 1 166 19 7 5,355 17 0 64 14 6 434 19 0 1,136,130 9 1 311,592 0 7 Inscribed Stock at 3£ per cent., — Issued in exchange for debentures Issued under " The Lost Debentures Act, 1886 " Issued to pay expenses 2,180 0 0 099,896 0 0 2,100 0 0 10,998 0 0 2,180 0 0 712,994 0 0 Inscribed Stock at 4 per cent., — Issued in exchange for debentures Issued to pay expenses 4,557,047 0 0 29,000 0 0 i 4,586,047 0 0 Balance at end of Year, — "Cash overdrawn Less— In the hands of Stock Agents : Cash .. .. .. .. .. £417 10 11 3J-per-cent. Inscribed Stock .. .. 3,839 5 6 • 12,326 12 11 3,706 9 5 4,250 10 5 In hands of Agent-General: cent. Inscribed Stock .. .. .. 177 17 8 4,434 14 1 4,588 17 5 7,891 18 10 4,117 12 0 Totals £1,140,202 7 11 £5,614,750 12 7