PAPERS RELATIVE TO THE SINKING FUNDS OF THE THREE MILLION LOAN.

Appendix to the Journals of the House of Representatives, 1867 Session I, B-03

B.—No. 3.

PAPERS RELATIVE TO THE SINKING FUNDS OF THE THREE MILLION LOAN.

PRESENTED TO BOTH HOUSES OP THE GENERAL ASSEMBLY BY COMMAND OP HIS EXCELLENCY.

WELLINGTON.

1867.

B.—No. 3,

No. 1. Copy of a Letter from the Ceown Agents to the Hon. E. ~W. Staitobd. Offices of the Crown Agents for the Colonies, Spring Gardens, London, S."W. Sib,— ' 18th January, 1867. "With reference to your letter of the Bth October last, we have the honor to enclose, for the information of your Government, statements showing the condition of the New Zealand Sinking Funds, on the 31st December, 1866, and Abstracts of Investments made by the Trustees up to 31st December, 1866. These statements will in future be forwarded to you annually. "We have, &c., The Hon. the Colonial Secretary, P. G. Julyan, New Zealand. "W. C. Saegeatjnt.

Enclosure 1 in No. 1. Messrs. Jttiyan and Seegeaijnt, as Trustees, in Account with the Government of New Zealand, in respect of a Sinking Fund for the redemption of £500,000 four per cent. Debentures, issued under " The New Zealand Loan Act, 1863," to be paid off on the Ist November, 1915, by halfyearly Investments of a sum equal to one per cent, per annum on the total amount issued.

PAPERS RELATIVE TO THE SINKING FUNDS OF THE THREE MILLION LOAN.

1866. Dr. May 5.—To six months' contribution on £500,000, due the 1st May, 1866, received from the Crown Agents for the Colonies „ 16. —To six months' dividend due 15th May, on £2400 Ceylon Government six per cent. Debentures ... Less Income Tax ... £ s. d. 72 0 0 14 0 £ s. d. 2,500 0 0 1866. Cr. £ s. d. £ s. d. May 5. —By amount invested in the purchase of £1100 Ceylon Government six per cent. Debentures at 107: Nos. 385 to 388, four bondsof £200. 800 0 0 No. 300, one bond of £300 300 0 0 Soy. 15.—To six months' dividend due 15th November, on £2400 Ceylon Government six per cent. Debentures Less Income Tax ... 72 0 0 14 0 70 16 0 1,177 0 0 Brokerage ... ... 2 15 O „ 8. —By amount invested in the purchase of £1300 Ceylon Government six percent. Debentures at 107 : Nos. 389 to 394, six bonds of £200. 1,200 0 0 No. 425, one bond of £100 100 0 0 1,391 0 0 Brokerage ... ... 3 5 O Nov. 15.—By amount invested in the purchase of £400 Ceylon Government six per cent. Debentures, Nos. 498 to 501, at 104 416 0 0 Brokerage ... ... 10 0 70 1G 0 „ 15.—To six months' contribution, due 1st November, received from the Crown Agents 2,500 0 0 417 0 0 „ 17. —By amount invested in £53 5s. 9d. Consols, at 90J ... 48 0 6 Brokerage ... ... 0 16 48 2 0 „ 30. —By amount invested in the purchase of £2000 Victoria Government Debentures, Nos. 4648 and 4649 of £1000 at 104J 2,097 10 0 Brokerage ... ... 5 0 0 £5,141 12 0 2,102 10 0 £5,141 12 0 Penrose G. Jultan, "W. C. Saeqeaunt, Trustees. London, 1st Januai , 1867.

B.—No. a

4

PAPERS RELATIVE TO THE SINKING FUNDS

Abstract of Investments made by the Trustees ou the forej 31st December, 1866.' ;oing Account, up to the Stock or Securities in which placed. Purchase Money Paid. Stock or Securities Held. Ceylon Government Six per cent. Debentures ... Victoria do. do. ... Three per cent. Consols ... £ s. d. 2,991 0 0 2,102 10 0 48 2 0 £ s. d. 2,800 0 0 2,000 0 0 53 5 9 Total £5,141 12 0 £4,853 5 9 London, 1st January, 1867. Penrose G. Julyan, Trustee. Enclosure 2 in No. 1. Messrs. Jultan and Saegeaunt, as Trustees, in Account with the Goveexment, of New Zealand, in respect of a Sinking Fund for the redemption of £500,000 six per cent. Debentures issued under " The New Zealand Loan Act, 1863," to be paid off on the 15th March, 1891, by half-yearly Investments of a sum equal to two per cent, per annum on the total amount issued. 1866. Dr. £ s. d. Sept. 30.—To six months' contribution on £500,000 to this date, received from the Crown Agents for tinColonies 5,000 0 0 Nov. 15.—To London Joint Stock Bank, interest on £5000 from 30th September to 14th November, as per Voucher No. 1 General Account 21 3 3 „ 15.—To London Joint Stock Bank, in repayment of deposits ... ... 5,000 0 0 1866. Cr. £ s. d. £ s. d. Sept. 30. —By amount deposited in London Joint Stock Bank pending instructions from the Colony 5,000 0 0 Nov. 30. —By amount invested in the purchase of £4700 Victoria Government Debentures —Nos. 120 to 136, of £100 ; Nos. 4346to4349of£500; 4650 of £1000 at £104 17s. 6d. ...4,929 2 6 By brokerage ... 11 15 0 4,940 17 6 £10,021 3 3 „ 30.—By amount invested in the purchase of £88 16s. lOd. Consols at 90, 80 3 7 By brokerage ... 0 2 2 80 5 9 j £10,021 3 3 N.B.—As Colonial Government Debentures are not issued for less than £100, fractions too small to purchase a Debenture are invested temporarily in Consols, and again realized and added to other .amounts for the purchase of the better paying Securities as opportunity offers. Penrose G. Jultan, ") -, "W. C. Saegeaunt, j J-rustees. London, 1st January, 1867. .Abstract of Investments made by the Trustees on tho foregoing Account, up to 31st December, 1866. Stock or Securities in which placed. Purchase Money Paid. Stock or Securities held. Victoria Government Six per cent. Debentures (1891) Three per cent. Consols £ s. d. 4,940 17 6 80 5 9 £ s. d. 4,700 0 0 88 1G 10 Total 5,021 3 3 4,788 16 10 i Enclosure 3 in No. 1. Messes. Jultan and Saegeaunt, as Trustees, in account with the Government of New Zealand, in respect of a Sinking Fund for the redemption of £100,000 six per cent. Debentures, issued

OF THE THREE MILLION LOAN.

5

B.—No. 8

under " The New Zealand Loan Act, 1863," yearly investments of a sum equal to two per < to be paid off on the 15th June, 1S91, by half:ent. per annum on the total amount issued. 1866. Dr. £ s. d. Dec. 16.—To six months' contribution on £100,000 to this date, received from the Crown Agents for the Colonies 1,000 0 0 1866. Cr. £ s. d. Dec. 16.—By purchase of £900 Cey- £ s. d. Ion Government Debentures, expiring 15th November, 1872; Nos. 502to510of£100each, at £105 945 O O Brokerage 2 5 0 947 5 O „ 16. —By investment in £58 17s. £ b. d. Id. 3 per cent. Consols, at 89i per cent. ... 52 13 6 Brokerage 0 16 52 15 0 £1,000 0 0 £1,000 0 0 N.B.—As Colonial Government Debentures are not issued for less than £100, fractions too small to purchase a Debenture are invested temporarily in Consols, and again realized and added to other amounts for the purchase of better paying Securities, as opportunity offers. Penrose G. Jultan, | -, , London, 1st January, 1867. W. C. Sargeaunt, j -imsttes. Abstract of Investments made by the Trustees on the foregoing Account, up to 31st December, 1866. Stock or Securities in which placed. Purchase Money Paid. Stock or Securities Held. Ceylon Government Six per cent Debentures (1872) ... Three per cent. Consols £ s. d. 947 5 0 52 15 0 £ b. d. 900 0 O 58 17 1 Total 1,000 0 0 958 17 1 Penrose G. Jultan, London, 1st January, 1867. Trustee. Enclosure 4 in No. 1. Messrs. Jultan and Sargeaunt, as Trustees, in Account with the Government of New Zealand, in respect of a Sinking Fund for the redemption of £1,000,000 five per cent. Debentures issued under " The New Zealand Loan Act, 1863," to be paid off on the 15th July, 1914, by half-yearly Investments of a sum equal to one per cent, per annum on the total amount issued. 1865. Dr. June 22.—To six months' contribution due the 15th January, 1865, received from the Crown Agents for the Colonies „ 30. —ToLondon Joint Stock Bank, interest on ' £5000 from 23rd to 30th June, as per Voucher No. 1 General Account for June, 1865... Sept. 30.—To London Joint Stock Bank, interest on £5000 from 1st July to 30th September, as per Voucher No. 1 General Account, September, 1865 ... Dec. 30.—To London Joint Stock Bank, interest on £5000 from 1st October to 31st December, as per Voucher No. 1 General Account, December, 1865 £ s. d. £ s. d. 5,000 0 0 1 18 4 33 15 3 59 13 0 1865. Cr. £ s. d. £ s. d. June 22.—By amount deposited in the London Joint Stock Bank pending instructions from the Colony 5,000 0 0 1866. Feb. 2.—By amount deposited in City Bank until required for investment 15,000 0 0 Mar. 5. —By amount invested in the purchase of £11,600 Cape (Kowie Harbour) Debentures at par: Nos. 138 to 150 (thirteen bonds) of £200 each ...2,600 0 0 Nos. 11 to 100 (ninety bonds) of £100 each ...9,000 0 0 11,600 0 0 „ 5.—To amount invested in the purchase of £3500 Natal (Coolie Immigration) Debentures at £98 10s.: Carried forward ... 5,095 6 7 Carried forward ... 31,600 0 0

B.—No. 3.

6

PAPERS RELATIVE TO THE SINKING FUNDS

Dr. £ s. d. 1866. Brought forward ... Jan. 16.—To London Joint Stock Bank, interest on £5000 from 1st to 16th January, as per Voucher No. 1 General Account, January, 1866 „ 16. —ToLondon Joint Stock Bank, in repayment of deposit ... Feb. 2. —To six months' contribution due the 15th July, 1865, received from the Crown Agents for the Colonies ... „ 2. —To six months' contribution due the 15th January, 1866, received from the Crown Agents for the Colonies Mar. 5.—To City Bank, interest on £15,000 from 2nd February to 5th March, as per Voucher No. 1 General Account, March, 1866 „ * 5.—To City Bank, in repayment of deposit. Apr. 16.—To six months' dividend, due 15thApril, 1866, on £11,000 Kowie Harbour Debentures 348 0 0 Less income tax ... 5 16 0 £ s. d. 5,095 6 7 11 15 6 5,000 0 0 5,000 0 0 5,000 0 0 76 4 7 15,000 0 0 Cn. £ s. d. £ s. d. 1866. Brought forward'... 31,600 0 0 Nos. 96 to 130 (thirty-five bonds) of £100 each ... 3,447 10 0 July 20, —By amount deposited in City Bank until required for investment 5,584 8 9 „ 31.—By amount invested in the purchase of £6300 Queensland Debentures [Nos. 6736 to 6798 (thirteen bonds) of £100 each] at88i ...5,551 17 6 Brokerage 15 15 0 5,567 12 6 Nov. 15.—By £400 Ceylon Government Debentures, series 1872, Nos. 480 to 483, at £104 416 0 0 Brokerage ... ... 10 0 417 0 0 „ 15.—By £107 9s. 7d. Consols purchased at 90J 96 17 4 Brokerage 0 2 8 97 0 0 Dec. 20.—By £ 5s. 9d. three per cent. Consols at 89£ 0 5 2 342 4 0 May 16.—To six months' dividend due 15th May, 1866, on £3500 Natal Debentures ... 105 0 0 Less income tax ... 1 15 0 103 5 0 July 15.—To six months' contribution due 15th July, 1866, received from the Crown Agents for the Colonies ... „ 30. —To City Bank, interest on £810 from 21st to 30th July, as per Voucher No. 3 General Account, July, 1866 „ 30.—To City Bank, in repayment of deposit. Sept. 14. —To City Bank, in repayment of deposit . „ 14.—To City Bank, interest on £1910 from 20th July to 13th September, as per Voucher No. 1 General Account, September, 1866 Oct. 15.—To six months' dividend due 15th October, 1866, on £11,600 Kowie Harbour Debentures 348 0 0 Less income tax ... 5 16 0 5,000 0 0 17 8 810 0 0 1,910 0 0 17 0 1 342 4 0 „ 31.—To City Bank, in repayment of deposit . „ 31. —To City Bank, interest on £2834 8s. 9d. from 20th July to 31st October, as per Voucher No. 2 General Account, October, 1866 Nov. 15.—To six months' dividend due 15th November, 1866, on 2,834 8 9 36 15 3 Carried forward ... 46,610 11 5 46,713 1G 5 Carried forward ...

ON THE THREE MILLION LOAN.

7

B—No. 3

Dr. £ s. d. £ s. d. Brought forward ... 46,610 11 5 £3500 Natal Debentures 105 0 0 Less income tax ... 115 0 Cr. Brought forward . £ s. d. £ s. d. 46,713 16 3 103 5 0 £46,713 16 5 £46,713 16 5 Penrose G. Jultan, "W". C. Sargeaunt, Trustees. London, 1st January, 1867. Abstract of Investments made by the Trustees on the foregoing Accoum 31st December, 1866. up to Stock or Securities in which placed. Purchase Money Paid. Stock or Securities Held. Cape of Good Hope Government Six per cent. Debentures (Kowie Harbour), 1900 . Natal Government Six per cent. Debentures (Coolie Loan), 1896 Queensland Government Six per cent. Debentures, 1884 Ceylon Government Six per cent. Debentures, 1872 ... Three per cent. Consols £ s. d. 11,600 0 0 3,447 10 0 5,567 12 6 417 0 0 97 5 2 £ s. d. 11,600 0 0 3,500 0 0 6,300 0 0 400 0 0 107 15 4 Total £21,129 7 8 I £21,907 15 4. Penrose G. Jultan, Trustee. London, 1st January, 1867.