8.—21

27

No. 54. The Bank of New Zealand to the Secretary to the Treasury. glB _ Bank of New Zealand, Wellington, 4th February, 1893. I have the honour to inform you that I have been advised by telegram of the repayment, in London, on 30th January, by the Agent-General, of the £64,000 advanced by the Bank to retire debentures issued under " The Consolidated Loan Act, 1867," which fell due m Sydney on the Ist January 1893 and to enclose herewith statement of account in connection therewith, which shows an amount due by the Treasury for interest, £213 os. 9d., for which sum I should be obliged by receiving your cheque. The New Zealand Treasury Bill No. 19, for £64,000, lodged with the Bank as security for above advance, is returned you herewith. I na y e >' &c -> The Secretary to the Treasury, Wellington. P. T. J. Parfitt, Manager.

Enclosure to No. 54. " Consolidated Loan Act, 1893," in Account with the Bank of New Zealand, Wellington. 1893 D r £ s. d. 1893. Cr. £ s. d. Jan. 4. To Amount paid by Sydney Feb. 2. By Debentures paid off in LonBranch on 3rd January, don on 30th January, 1893, 1893, to retire debentures by Agent-General .. 64,000 0 0 due in Sydney on Ist Janu- Balance 213 0 9 ary, 1893, in terms of letter of 28th September, 1892, from Treasury .. 64,000 0 0 Feb. 2. Interest, 27 days at 4J per cent. .. •• •• 213 0 9 £64,213 0 9 £64,213 0 9 Feb. 2. Balance .. .. •• £ 213 ° 9 J. B. Hobabt, Acting Accountant. No. 55. The Agent-General to the Premier. /-M- n K-i \ Westminister Chambers, 13, Victoria Street, London, S.W., Sir — 6th January, 1893. Beferring to my letter No. 1743, of the 9th ultimo, I beg to state that out of the £68,000, 31 ncr cent Stock there has been sold two lots of £15,000 and £25,000 respectively, both at 96. The proceeds'(£l4 361 18s.) of the sale of the first-named lot (£15,000) went into the Public Account on the 30th ultimo, and the proceeds (£23,936 18s.) of that of the second (£25,000) will be paid in on the 13th instant. I trust to be able to advise you shortly of the sale of the whole amount. I transmit copies of the brokers' sale-notes of the two above-mentioned parcels. I have, Ac, The Hon. the Premier, Wellington. W. B. Perceval.

No. 56. The Premier to the Agent-General. S IB _°" Premier's Office, Wellington, 23rd February, 1893. Beferring to your telegram dated 31st ultimo,* wherein you state that " Colonial Bank 34 per cents sold at 95.," I conclude that the repayment of the advance on the Ist proximo is now assured; and, as a substantial saving of interest and stamp duty will result from this conversion, I must congratulate you upon so successful a sale, more especially as the business will most probably be settled without the necessity of our availing ourselves of the assistance of.the Bank of England. : ha^ e > *°- ° E. J. Seddon The Agent-General for New Zealand, London. (for the Premier).

No. 57. The Premier to the Agent-General. CNo 9 "i SIE _L ' Premier's Office, 23rd February, 1893. I have the honour to state that I have received a letter from the Bank of New Zealand informing me that you had on the 30th ultimo repaid £64,000 advanced by the Bank in Sydney to retire " Consolidated Loan Act, 1867," debentures due there on the Ist January last. The Bank claims interest for 27 days at 4*, per cent., in all £213 os. 9d., and that amount has been duly paid them. By your last advices in this connection I notice you have been able to complete the sale of the £68,000 of stock issued for the purpose of the conversion of these debentures. I have, Ac E. J. Seddon The Agent-General for New Zealand, London. (for the Premier).

* No. 50 supra.