SINKING FUND OF THE GUARANTEED LOAN.

11

B—No. 2

Governor and Deputy-Governor of the Bank of England to deliver to you Debentures of the Guaranteed Loan to New Zealand, to the amount of £10,000, Series E, dated Ist October, 1859, minus the Coupons for the Interest due to 31st March and 30th September, 1860, in return for the sum of £10,000, paid by the Bank's Manager at Auckland to the Colonial Treasurer, on 18th September, 1860, upon the understanding that in the Bank's account with the Colonial Government of New Zealand, iuterest will be chaiged from 18th June, 1860, three [months prior to the date of actual payment by the Bank. My Lords would observe that these Debentures svill bear Guaranteed Interest at the rate of 4 per cenr. from Ist October, 1860, and they apprehend that the interest due from the Colonial Government for the three months immediately preceding that date, viz., from Ist July to 30th September, should, in conformity with the terms of the contract, be charged at the same rate, leaving the question of the rate of interest from 18th to 3Cth June to be decided according to the arrangement that may have been made by the Union Bank with the Colenial Government in regard to the payments made by the Bank on account of this Loan, previously to the commencement of the Guaranteed Interest thereon. I am, &c, G. A. Hamilton. The Directors of the Union Bank of Australia.

No.. 6. copy of a DESPATCH prom his grace the duke of Newcastle to governor gore BKOWNE, C.B. Downing Street 9th March, 1863. Sir,— I forwarded to the Lords Commissioners of the Treasury, a copy of your Despatch, No. 111, of the 3rd of November, relative to the remittances of the Interest and Sinking Fund due on the Guaranteed Loan to New Zealand, and I transmit to you for your information and guidance a copy of the answer returned by their Lordship's direction. I have, &c, Newcastle. Governor Gore Browne, C.B. &c, &c, &c.

Nsw Zealand. No. 28,

Enclosure in No. 6MR. HAMILTON TO SIR F. ROGERS. Treasury Chambers, 6th March 1861. Sir,— With reference to the letter from this Board of the 10th* (ultimo) I am directed by the Lords Commissioners of Her Majesty's Treasury, to transmit herewith the enclosed copy of a letter from the Union Bank of Australia dated 15th ultimo, with copy of their Lordship's Minute thereon, and am to request that you will move the Duke of Newcastle to communicate the same to the Governor of New Zealand, for the information and guidance of the Colonial Government, in reference to the remittance of the Interest and Sinking Fund due on the further portion of the Guaranteed Loan. The observation contained in the last paragraph of their Lordship's letter of the 10th ultimo, in regard to the remittances for the Sinking Fund dating Ist October, 1859, will apply equally to the Debentures for £10,000 now delivered to the Union Bank of Australia. I am, &c, George A. Hamilton. Sir F. Rogers, Baronet. &c, &c, &c. * January ?

Sub-Enclosure 1, to Enclosure in No. % MR. SAUNDERS TO THE SECRETARY, TREASURY. Union Bank of Australia, 38 Old Broad Street, London, E. C. loth February, 1&61. Sib, — Jn conformity with the arrangement of the Lords Commissioners of Her Majesty's Treasury, 'I am directed by the Directors of this Bank, to hand to you a receipt of the Colonial Treasurer of New