8.—14.

13

No. 13. The Agent-General to the Premier. Sir, — Westminster Chambers, 13, Victoria Street, London, S.W., 21st March, 1891. I now transmit you the amended form of account as between the Stock Agents and the Public Account, together with the explanatory memorandum which I had promised. In my letter of the sth instant (No. 340), I said that the figures of the account as sent to you on the 21st February would not have to be altered. On examining these figures, however, an error in computation was discovered in the item of the 20th June, 1890, "Interest, £12,550 lis." It should have been £12,551 ss. 4d., and is now corrected accordingly. The balance, therefore, in favour of the Stock Agents, which had been stated as £5,157 18s. 6d., is only £5,157 4s. 2d. The total figures are also changed by a reconstruction of the form in which the interest on balances was stated in the original. This, however, on comparing the two accounts, will easily explain itself. I have, &c, The Hon. the Premier, Wellington. F. D. Bell.

Enclosure 1 in No. 13. Statement showing the Financial Result of the Various Transactions which have passed between the Stock Agents and the Public Account from the 15th May, 1884, to tho 13th April, 1888, with respect to the Conversion of the Public Debt. Part I. 1884. Dr. £ s. d. 1885. Cr. £ g, d. May 15 Commissioners' order on Public May 22 Paid to Public Account by Stock Account .. .. .. 25,918 15 0 Agents .. .. .. 40,000 0 0 June 20 Ditto .. .. .. 20,960 0 0 1880. Nov. 27 .. .. .. 8,020 0 0 Feb. 26 Ditto .. .. .. 4,000 0 0 1885. March 18 .. .. .. 85,000 0 0 Jan. 23 .. .. .. 3,361 15 0 „ 27 .. .. .. 120,000 0 0 May 22 Received from Crown Agents on July 2 „ .. .. .. 450,000 0 0 account of drawn converted Oct. 28 „ .. .. .. 135 000 0 0 Consol bonds .. .. 72,400 0 0 1887. 1886. March 15 .. .. .. 122,800 0 0 April 1 Ditto .. .. .. 100,900 0 0 July 29 .. .. .. 20,000 0 0 May 14 Commissioners' order on Public Aug. 13 „ .. .. .. 24,000 0 0 Account .. .. .. 10,000 0 0 1888. July 16 Received from Crown Agents on March 10 „ .. .. .. 129,970 18 3 account of drawn converted 24 .. .. .. 1,629 1 9 Consol bond .. .. 500 0 0 April 13 .. .. .. 24,000 0 0 1887. 1886. 1 March 14 Ditto .. .. .. 122,337 8 6 March 27 T , , , , „ , . 22 4Q2 11 6 to Interest due to Stock Agents on 1886 1 " 1887 balances .. £2,786 9 0 a ', Commissioners'orders on Public ~ ~'.„ 1 Account in favour of Crown c ' T .coo Agents to meet debentures of - , T , J ' , " July 25 j 44-per-cent. 5-30 Loan ..642,100 0 0 1884. [aSto March 14 Received from Crown Agents on y , d J Public account of drawn converted ISBr Account bonds .. .. .. 129,970 18 3 ,/,; n' OP °n balMarch 24 Ditto 1,629 1 9 Marcn Ah [ ances 1873 5 5 188G ("Interest on £1,060,000 (raised to 1887. ] May ' 1 meet 44-per-cent. 5-30 deben- March 14 ] y . -j tures) for three months .. 10,600 0 0 to [-Ditto 242 5 5 July 31 Cnar c? e by Bank o£ England on 1888. | 2,115 10 10 " [ the above for management .. 265 0 0 April 13 j 670 18 2 Feb. 15 Commission to Crown Agents on paying off £64,400 44 - percent. 5-30 debentures ~ .. 322 0 0 1883. 1 August | Cost of telegrams sent from to }- colony relating to conversion 1888. I matters .. .. .. 1,181 110 April 13 j 1888. April 13 Balance in favour of Stock Agents .. .. ... 142 6 4 £1,157,070 18 2 £1,157,070 18 2 For the Stock Agents. Westminster Chambers, London, 31st January, 1891. F. D. Bell.