8.—23 a

1899. NEW ZEALAND.

ONE MILLION LOAN, 1899. (PROSPECTUS AND ACCOMPANYING MEMORANDUM BY THE AGENT-GENERAL.)

Laid upon the Table of the House of Representatives, by Leave.

New Zealand Goveenment £3-pee-cent. Inscehbed Stock. - Second Issue of £1,000 000 Authorised to be raised under the Acts passed by the New Zealand Parliament Suled "The Government Advances to Settlers Act, 1894," and "The Aid to Public Works and ACt ' 18 P 6 '" a ?V he A r ndiDg ActB thereto - Repayable a 7Par Ist April 1945 Minimum Price of Issue, £96 per Cent. The First Dividend, being Six Months Interest on the Full Amount of Stock allotted, payable Ist April, 1899. The Governor and Company of the Bank of England give notice that, on behalf of the Agents appointed for raising and managing loans under the above Acts (the Hon. William Pember Seve and Walter Kennaway, Esquire, C.M.G.), they are authorised to receive tenders for £1000 000 New Zealand Government £3-per-cent. inscribed stock, repayable at par on the Ist Apr 1 1945 The stock.will be m addition to and will rank pari passu with that already existing P ' The books of the stock will be kept at the Bank of England, where all assignments and trans fers will be made Holders of the stock will be able, on Vyment the uS fee to take out ft°tt wifl o C f a th S e holdT"' Wth COUPOnS attaCh6d ' Whioh C6rtlficateS ""* be -inscribedlnto stock All transfers and stock certificates will be free of stamp duty let A 1? 6 / I^6^ 8 ? to v.° k Will , be , Payable at the Bank " of Bn gland half-yearly on the Ist April and the Ist October, and the first six months' interest, calculated upon the full nominal amount of stock allotted, will be payable on the Ist April 1899 Dividend warrants will be transmitted by post if desired The loan is secured on the Consolidated Fund of the Colony of New Zealand which "uohcTands 6 r6VenU6 denVed from the Customs «* railways, and from the sllefZTle^ti By the Act 40 & 41 Vict,, eh. 59, the revenues of the Colony of New Zealand alone will h P liable in respect of this stock and the dividends thereon, and the Consolidated Fund olthe United Kingdom and the Commissioners of Her Majesty's Treasury will not be directly or indirecSv retting" iLTo ** ***"""* ° f *" ° r ° f the d^dends thereol1 > « & «-^SSS Tenders which should be sealed (see below), may be for the whole or any part of the stock and must state what amount of money will be given for every £100 of stock. Tenders must be for even hundreds of stock and at prices which are multiples of sixpence. Tenders must £ delivered SqJ 1 ashlers Office, Bank of England, before 2 o'clock on Thursday, the 9th February 1899 Tenders at different prices must be on separate forms. The amount of stock applied for must be written on the outside of the tender applied ior every T £loo n ofste U c™. PriCe ' "* be aCCepted ' haS been fixed at *>* A deposit of £5 per cent, on the amount of stock tendered for must be paid at the same office at the time of the delivery of the tender, and the deposit must not in the tender. When tenders are sent by post, the cheque should be sent separately or the sealed he denosit wnl °b t H *? a CoVerin S enVel °P e ' Where no allotment is made t S^Swt" 1 * *» baW ° f *» **»* b ° In the event of the receipt of tenders for a larger amount of stock than that proposed to be TpZ d ratl_iZt£ at the l **»