REPORT OE COMMISSIONERS OE

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Enclosure in No. 1. Statement showing the Securities held on account of the Sinking Ftnds of the Government of New Zealand for Redemption of Debentures issued under the Loan Act of 1563. Series 1591.—6 per cent.: — Stock. 3 per cent. Consols... ... ... ... ... £17 13 9 6 per cent. Victoria Debentures ... ... ... 9,200 0 0 6 per cent. Antigua Debentures ... ... ... 300 0 0 6 per cent. Ceylon Debentures ... ... ... 13,400 0 0 5 per cent. New South Wales Debentures ... ... ... 6,600 0 0 5 per cent. Canada Debentures ... ... ... 15,500 0 0 Series 1914.—5 per cent.: — 3 per cent. Consols ... ... ... ... 109 0 5 6 per cent. Antigua Debentures ... ... ... 900 0 0 6 per cent. Cape of Good Hope Debentures ... ... 11,600 0 0 6 per cent. Natal Debentures ... ... ... ... 3,500 0 0 6 per cent. Queensland Debentures ... ... ... 6,300 0 0 6 per cent. Ceylon Debentures ... ... ... 8,500 0 0 6 per cent. Victoria Debentures ... ... ... 1,800 0 0 5 per cent. New South Wales Debentures... ... ... 7,300 0 0 6 per cent. Canada Debentures ... ... ... 6,800 0 0 W. C. Sargeaunt, London, 20th May, 1869. Crown Agent.

No. 2. Mr. J. E. FitzGeeald to Mr. W. C. Saegeaunt.jj Office of the Commissioners of the Public Debts Sinking Funds, Sic, — Wellington, 2nd October, 1869. I have the honor to acknowledge the receipt of your letter of the 21st May last, on the subject of the Sinking Funds of the Loan of 1863. The delay in replying to your letter has arisen, first, from the absence of the Secretary to the Commissioners, and secondly, because it was desirable to wait until the Government had carried the measure they proposed in relation to this matter, before answering your letter. I have now the honor to enclose you a copy of the Act just passed, and of the Gazette containing a Proclamation issued by the Governor thereunder, by which you will see that the Commissioners have now no further control over the sinking funds in question, and that your position relative thereto is unaltered by the opieration of the Act of 1868. It is therefore unnecessary for me to enter further into the questions raised by your letter under reply. I have, &c, James Edwaed FitzGeeald, W. C. Sargeaunt, Esq., Chairman of the Commissioners of the Public Messrs. Julyan and Sargeaunt, Debts Sinking Funds. Crown Agents, Spring Gardens, London.

Enclosure 1 in No. 2. Copy of " The Public Debts Sinking Funds Act Amendment Act, 1869."

Enclosure 2 in No. 2. Copy of New Zealand Gazette No. 55, of 20th September, 1869, containing the following Order in Council. G. F. Bowen, Governor. OEDEE TS COUNCIL. At the Government House, at Wellington, this 18th day of September, 1869. Present: His Excellency the Governor in Council. Whereas by the second section of " The Public Debts Sinking Funds Acts Amendment Act, 1869," it is enacted, that if it shall appear to the Governor expedient that the sinking fund created for the payment of any loan or portion of a loan raised under any of the Acts or Ordinances mentioned in either of the Schedules to the said Act, the sinking fund of which has been invested outside the Colony, should be exempted from the management of the Commissioners of the Public Debts Sinking Funds, it shall be lawful for the Governor, by Order in Council published in the New Zealand Gazette, to direct that tho sinking funds of any such loan or portion of a loan shall be exempted from the management of the said Commissioners : Now therefore, His Excellency the Governor, in exercise and pursuance of all powers and authorities enabling him on this behalf, and with the advice and consent of the Executive Council of New Zealand, doth hereby order that the Sinking Fund created for the payment of so much of the Loan raised under " The New Zealand Loan Act, 1863," and " The New Zealand Debenture Act, 1864," and " The New Zealand Debentures Act Amendment Act, 1865," as is subject to the provisions of "The Public Debts Sinking Funds Act, 1868," hereinafter referred to as " the said Act," shall be exempted from the management of the Commissioners appointed by and under the said Act. FOESTEE GoEING, Clerk of the Executive Council.