B.—No. 3a.

As explained in previous Memo, interest is calculated, provisionally only, at seven per cent, on the overdrafts. J. M. Bank of Otago, Limited, Invercargill. Enclosure No. 2. THE MANAGES BANK OF NEW SOUTH WALES, INYEECAEGILL, TO HON. MAJOE EICHAEDSOIT. Bank of New South Wales, Invercargill, 17th February, 1865. Sib, — Annexed I hand you memo, of the Southland Government's liability to this Bank, arid enclosed you will find copies of the agreement between the Government and Bank relative thereto. I have, &c, A. T. Adamson, Manager. The Honorable Major Richardson, Invercargill. Sub-Enclosure No. 1 in Enclosure No. 2. memobantotii:. Amount due by Southland Government to Bank of New South Wales on £ s. d. current account, 31st January, 18G5 183,182 12 0 Interest thereon to 31st January, 1865 5,173 4 6 188,355 16 6 Due to Bank in virtue of assignment by Campbell and Robertson, Contractors, about 2,300 0 0 Due on account of Maning and Whillon's Contract for Sleepers, about ... 1,000 0 0 Sundry Vouchers held by Bank, about ... ... ... ... ... ... 450- 0 0 £192,105 10 € Up to 31st January the Bank has charged Interest at the rate of 7 per cent, as per cohtract, at that time the Government were bound if the Debentures issued were unsold to refund to the extent of £140,000 (the first issue), but not having done so, the Bank will charge 12 per cent, until they are taken up. The other £40,000 debt the Bank is bound by agreement to hold for some months yet. Sub-Enclosure No. 2 in Enclosure No. 2. Appeoxijiate Memorandum of Advances, &c, by Bank of New South Wales to Provincial Government of Southland, 31st January, 1865.

13

FINANCIAL CONDITION OF SOUTHLAND.

Amount. Interest. Total. £ s. d. £ s. d. £ s. d. Due by Government on account called "Kaihvay Loan" " Provincial Treasurer " Prov. Treasurer, No. 2 151,599 1 25,565 11 6,037 19 0 9 2 4,276 3 10 725 13 0 171 7 8 155,855 26,291 6,209 4 10 4 9 6 11 183,182 12 0 5,173 4 G 188,355 16 G )ue by Government on account of contracts of Campbell and Robertson, assigned to Bank, about 'ontract of Maning andWhillon for Sleepers, Eailway, (about) [arnett & Cos. for Printing, &c, (about) 2,300 800 450 0 0 0 0 0 0