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No. 9. The Premiee to the Agent-General. (Treasury, No. 54.) Sir,— Premier's Office, Wellington, 27th October, 1893. I enclose herewith copy of a memorandum by the Assistant Controller and Auditor, dated the 18th instant, asking for information respecting the amounts of stock created for the purpose of paying off the £400,000 debentures issued under " The Public Eevenues Act, 1887," and the £500,000 (guaranteed) debentures of the loan of 1863, which I shall be glad if you will supply. I assume the issues of stock (£420,000 and £610,000) have only been made on account of the amount actually required after all expenses shall have been defrayed. With regard to the concluding paragraph of Mr. Gavin's memorandum, I am anxious for a definite settlement of the Conversion Account both in the London and Treasury books, and therefore hope you will take the matter in hand with your usual promptitude. I have, &c, The Agent-General for New Zealand, London. B. J. Seddon.

(No. 201.) Enclosure in No. 9. Conversion Account. Secretary to the Treasury. Audit Office, 18th October, 1893. I shall be much obliged if you will kindly inform me whether the £610,000 of 3J-per-cent. inscribed stock created in respect of the conversion of the £500,000 debentures of the loan of 1863 represents the stock which the Stock Agents handed over in exchange for the debentures as if the operation had taken place between them and the public, or whether tho amount created is simply so much on account of whatever stock may bo required to provide, by sales now being effected, the cash payment of £585,000 to the Bank of England, and to cover stamp duty and other expenses attending the conversion of these debentures. A similar question arises with regard to the £420,000 3 J-per-oent. inscribed stock created in respect of the debentures for £400,000 issued under " The Public Eevenues Act, 1887." I take this opportunity of saying how desirable it is that a settlement of the Conversion Account as between tho Stock Agents and the Treasury should be made up to a particular point, so that the balance at debit in respect of which stock can be created (if any) to close the account may be determined. The reason is, there are certain differences between the Stock Agents' and the Treasury accounts, to which attention was called some time ago, arising from a difference of opinion as to the inclusion or otherwise of certain items of receipts and expenditure. James C. Gavin, Assistant Controller and Auditor.

No. 10. The Agent-General to the Premier. (No. 1162.) Westminster Chambers, 13, Victoria Street, London, S.W., Sir,— 7th October, 1893. I beg to transmit herewith copies of contract notes for tho sale of 3|-per-cent. stock, in continuation of those enclosed with my letter (No. 1048) of the 9th September last. Since the Ist September there has been sold £81,216 10s. 4d. of stock, realising £77,040 12s. lid. net, of which £18,899 6s. 6d. was paid into the Public Account on the 15th September last, and £29,617 os. lid. en the 29th of that month; and the balance, £28,524 ss. 6d., will be paid in on the 13th instant. These sales reduce the amount of unsold stock to £305,338 17s. 7d. I have, &c, The Hon. the Premier, Wellington. W. B. Perceval.

No. 11. The Agent-General to the Premier. (No. 1182.) Westminster Chambers, 13, Victoria Street, London, S.W., Sir,— 13th October, 1893. I beg to transmit herewith copy of contract note for the sale of £7,500 of 3J-per-cent. stock, in continuation of those enclosed with my letter (No. 1162) of the 7th instant. The net proceeds of the sale of this parcel of stock, together with those previously sold, also for to-day's account, amounting in all (after deducting 11s. 6d., cost of power of attorney) to £35,686 14s. 6d., have been paid into the Public Account. The balance left of unsold 3-J-per-cent. stock now amounts to £297,838 17s. 7d. I have, &c, The Hon. the Premier, Wellington. . W. B. Perceval.

No. 12. The Agent-General to the Premier. (No. 1246.) Westminster Chambers, 13, Victoria Street, London, S.W., Sir,— 20th October, 1893. I beg to transmit herewith copy of contract note for the sale of £5,000 3-J-per-ce,i>t. stock in continuation of that enclosed with my letter (No. 1182) of the 13th instant. The net proceeds of the sale of this parcel of stock will go into the Public Account on the 29th instant. The balance now of unsold 3£-per-cent. stock is £292,838 17s. 7d. I have, &c, The Hon. the Premier, Wellington. W. B. Perceval.