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No. 17. The Agent- Geneeal to the Peemiee. (No. 1402.) Westminster Chambers, 13, Victoria Street, London, S.W., Sir,— 17th November, 1893. Referring to my letter (No. 1391) of the 10th instant, I beg to transmit herewith copy of contract notes for the sale of £12,077 17s. sd. and £25,000 3-|--per-cent. stock. The proceeds of the sale of the first-named lot was paid into the Public Account on the 15th instant, and those of the sale of the £25,000 stock will go into the Public Account on the 30th instant. The amount of unsold 3f-per-cent. stock is thus reduced to £209,568 11s. 2d. I have, &c, The Hon. the Premier, Wellington. W. B. Peeceval.

No. 18. The Agent-General to the Colonial Treasurer. (No. 1433.) Westminster Chambers, 13, Victoria Street, London, S.W., Sic,— 30th November, 1893. I beg to transmit herewith the under-mentioned statements of accounts, namely:— 1. Statement showing the financial result of the various transactions which have passed between the Stock Agents and the Public Account from Ist April, 1893, to 30th September, 1893. 2. Statement showing (1) amount of stock in hand on the Ist April, 1893; (2) amount of stock sold ; (3) amount of proceeds of sales; and (4) amount of stock in hand on the 30th September, 1893. In statement No. 1 you will observe that the sum of £3,333 6s. Bd. has been placed to credit. In the arrangement made with the Bank of England the £500,000 guaranteed debentures were delivered over with the May coupon attached, representing six months' interest from Ist November, 1892; while the interest on the stock into which the debentures were converted commenced only from Ist January, 1893, and thus for two months no interest was paid. On the other hand, in the case of the £400,000 debentures issued under " The Public Eevenues A6t, 1887," interest thereon was paid up to the Ist March, 1893, while from the Ist January, 1893, interest was running on the £420,000 3-|-per-cent. stock into which the debentures were converted; and there being thus double interest for two months, from Ist January to Ist March, 1893, the amount of interest on the 3f-per-cent. stock for that period has been placed to debit. I have, &c, The Hon. the Premier, Wellington. W. B. Peeceval.

Enclosure 1 in No. 18. Statement showing the Financial Result of the Various Transactions which have passed between the Stock Agents and the Public Account from the 31st March, 1893, to the 30th September, 1893, with respect to the Conversion of the Public Debt. 1893. Dr. £ s. d. 1893. Or. £ g. d. April 14. Eeceived from the Crown April 1. Balance in favour of Stock Agents on account of drawn Agents 7,914 6 7 converted bonds .. .. 42,425 0 0 „ 14. Paid to Public Account .. 42,425 0 0 June 14. Commissioners'order on Pub- May 1. Interest saved to colony— lie Account .. .. .. 500 0 0 I namely, 4 per cent, on July 1. Half - year's dividend on .. £500,000 Imperial-guaran-£3,B39 ss. 6d. 3J-per-eent. teed debentures for two stock, less income-tax .. 65 4 7 months, from Ist November Interest on £420,000 3J-per- to 31st December, 1892 .. 3,333 6 8 cent, stock for two months, Sept. 30. Interest on balances .. .. 80 2 2 from Ist January to Ist March, 1893 2,450 0 0 Sept. 30. Balance in favour of Stock Agents 8,312 10 10 £53,752 15 5 £53,752 15 5 W. B. Perceval, For the Stock Agents. C. Wkay Palliseb, Audit Officer.