8.—21

9

Enclosure 2 in No. 9. Statement of Debentures redeemed in Cash, and the Amount of 3½-per-cent. Inscribed Stock receivable in respect thereof.

The above total amount of 3J-per-cent. Stock is equivalent (on the average) to 105-18775 for every 100 of the total cash applied to redemption of debentures. Tho price at which 105-18775 of stock would require to be sold to yield £100 is, exclusive of brokerage, &c, about £95 Is. 4Jd. £ £ Total amount of stock receivable as abovo .. .. .. .. 491,332 Received by Agent-General .. .. . ■ ■ • • • 490,624 To be received .. .. .. • • • • • • TOES 491,332 Total amount received as abovo .. .. .. 490,624 Sold and proceeds paid to Public Account .. .. .. 421,000 Balance in hand .. .. • • • • • • • • 69,624 490,624 £ s. a. Amount which £421,000 was required to yield to recoup the cash in respect of which it was received .. .. .. .. .. 400,236 14 0 Amount which it did yield, sec statement attached .. .. .. 394,707 9 3 Required to be made good .. .. .. .. .. £5,529 4 9

Enclosure 3 in No. 9. Sales of 3½-per-cent. Inscribed Stock received from Stock Agents in respect of Cash issued from the New Zealand Public Account for Redemption of Debentures.

No deduction appears to have been made for brokerage, &c, in respect of the amount paid to Public Account, 15th July. In other cases the brokerage, &c, is partly taken from information given in the records, and partly arrived at by inference. The amount paid on the 11th December belongs to the former category, and it is 19s. less than it should be. Explanation should be called for. In tho case of the amount paid on the 15th June, tho amount of brokerage, &c, is assumed, and it would appear that £1,450 6s. 3d. has been short-paid to the Public Account. This also requires explanation. 17th August, 1892. J. C. Gavin. 2—B. 21.

Stock receivable in respect thereof. Debentures redeemed in Cash. Rate. Amount. New Zealand Loan of 1860 New Zealand Loan of 1863 — March series June December series Westland Loan Totals £ 67,300 120,800 159,700 £ 353,800 63,300 50,000 £407,100 £ 367,952 69,630 53,750 104 110 107J £491,332

Date when Proceeds paid to New Zealand Amount p r i ce Public Account. Sold. Realising. Brokerage, Scamp Duty, &c. Net Proceeds. 1891. fuly 15 £ 25,000 5,000 25,000 5,000 25,000 10,000 20,000 20,000 5,000 10,000 5,000 10,000 94 94 94J 94J 94} 94 92* 92i 91 92J 91J 91± £ s. d. 23,500 0 0 4,700 0 0 23,562 10 0 4,712 10 0 23,625 0 0 9,400 0 0 18,500 0 0 18,500 0 0 4,550 0 0 9,250 0 0 4,550 5 0 9,125 0 0 £ s. d. £ s. d. [ 80,100 0 0 Jep, 16 <fov. 27 Dec. 11 25 12 0 50 12 0 50 12 0 12 10 6 25 0 6 12 10 6 25 12 0 9,374 8 0 18,449 8 0 I 36,754 12 0 Dec. 30 1892. fan. 29 9,099 8 0 ilarch 11 25,000 5,000 25,000 20,000 26,000 25,000 5,000 15,000 5,000 10,000 4,000 20,000 65,000 93 93J 92| 93 931 94£ 95J 95| 95J 96g 96| 961 96} 23,250 0 0 4,056 5 0 23,187 10 0 18,600 0 0 24,342 10 0 23,625 0 0 4,756 5 0 14,306 5 0 4,762 10 0 15,420 0 0 3,855 0 0 19,375 0 0 02,887 10 0 03 2 0 12 10 0 62 10 6 50 12 0 05 13 6 63 2 0 12 10 6 37 10 6 12 10 0 40 12 0 10 0 6 50 12 0 102 10 6 I 27,830 12 0 l 41,674 7 6 ipr'il 28 Hay 12 24,276 17 0 Jay 27 [ 47,324 7 0 J 19,224 7 6 | 80,599 1 3 "uno 15 Total 421,000 £394,707 9 3