B.—No. 3.

Sub-Enclosure 2 to Enclosure in No. 8. NEW ZEALAND. CONVERSION of 7, 8, and 10 per Cent. Provincial Debentures into General Government Consolidated 5 per Cents.

14

PAPEES RELATIVE TO CONSOLIDATION OE LOANS.

Peesent Authobized Debt. Peoposed Consolidated Debt. ArTHOETTT. Anntfax Chaege. Ahhttai Ciiahge. Total Amount to be converted. ■sl Total A mount when converted. Eate of Interest. Interest payable. Sinking Fund. Principal payable. o Sinking Fund 1 per cent. Total Annual Charge. Interest. Sinking Fund. Total. Interest j 5 per cent.! I. £ 10 per cent. £ £ £ £ £ £ £ "Otago Loan Ordinance, 1856" 10,300 31st March ; 30th Sept, " 31st December, 1868 1,030 1,030 101 10,403 520 104 624. "Otago Loan Ordinance, 18G1-2" 50,000 8 „ 1st January; 1st July '{ £43,000 June 30, 1874 ... £7,000 December, ] 873 ... 3,440 560 1,290 210 4,730 770 113 112 48,590 7,840 2,429 392 485 78 2,914 450 " Otago Harbour Loan Ordinance, 1862" 50,000 8 „ 1st May ; 1st November 3 let November, 1874 4,000 1,500 5,500 1.13456,750 2,837 567 3,401 " Otago Public Building Loan Ordinance, 1802" 50,000 8 „ 1st April; 1st October 3 1st October, 1875 4,000 1,500 5,500 115 57,500 2,875 575 3,450 "Canterbury Loan Ordinance, 1856" ... 30,000 8 „ 30th June; 31st Dec. 4 28th September, 1872 ... On twelve months' notice, given about the middle of March last ... 1st July, 1877 2,400 1,200 3,600 109532,850 1,642 328 1,970 "Wellington Loan Ordinance, 1854.5" 49,900 8 „ 1st January; 1st July . [ 3,992 3,992 101 j 50,399 2,519 503 3,022 "Wellington Loan Ordinance, 18G2" ... 25,000 8 „ 4 2,000 1,000 3,000 118 29,500 1,475 295 1,770 "Wellington Loan Ordinance, 186G" ... 50,000 8 „ >» }! 1st July, 1886 4,000 4,000 128| 64,250 3,212 642 3,854 " Kelson Loan Ordinance, 1858 " 28.300 700 8 „ 10 „ >> J» 2 2 1st July, 1868-9 1st July, 1870 2,264 70 566 14 2.830 84 101 100 28,583 700 1,429 35 285 7 1,714 42 " " "Nel?on Waterworks Loan Ordinance, 1864" ] 20,000 8 „ „ 2fi £10,000 1st January, 1876 £10,000 1st January, 1881 800 800 , 200 200 1,000 1,000 1161 124 11,050 12,400 582 620 11.6 124 698 744 " Taranaki Loan Ordinance, 18G3 " 3S,750 7 „ 1st April; 1st October 1st April, 1873 2,712 2,712 106| 41,268 2,063 412 2,475 I I I i 402,950 32,068 7,680 39,748 452,683 22,630 4,521 27,151 The total increase in nominal capital is £49,733, whilst the annual charge is £12,597 less than the present charge. "W. 0. Sakqeauxt, Crown A| ;ent.