:.—7.,

Absteact D. LIST OP INVESTMENTS ON ACCOUNT OF BESERVE FUNDS. £ Government and Miscellaneous. £ s. d. 31,000 2§-per-cent. Consols .. .. .. .. .. Costing 31,708 17 8 2,500 Chilian Government 4J-per-cent. convened loan .. .. .. „ 2,512 10 4 4,600 Eastern Extension Australasia and China Telegraph Company (Limited) 5-per-cent Australian Government subsidy debentures .. .. „ 4,865 18 8 1,500 Egyptian Government 3-per-oent. guaranteed bonds .. .. .. „ 1,4-29 1 0 3,500 Globe Telegraph and Trust Company (Limited) 6-par-cerit. pref. shares .. „ 5,374 13 0 5,000 Government Stock and other Securities Investment Company (Limited) 4 per-cent. debenture stock .. .. .. .. 5,200 9 10 15,000 India 3-per-cent. stock .. .. .. .. .. 13,859 11 3 25,000 Metropolitan Consolidated 3J-per-cent. stock ... .. .. „ 25,968 15 0 10,000 Pacific and European Telegraph Company (Limited) 4-per-cent. guaranteed debentures .. .. .. .. .. .. „ 10,200 0 0 2,500 Southern Mahratta Railway (Limited) 4-per-cent. debenture stock .. „ 2,703 14 8 Colonial. 9,000 Canadian Pacific Railway 5-per-cent. first mortgage debenture bonds .. Costing 9,620 410 5,000 Cape of Good Hope Government 4-per-cent. inscribud stock (1882) .. „ 4,796 6 9 5,000 Ceylon Government 4-per-cent. inscribed stock .. .. .. „ 5,639 1 9 4,000 City of Sydney 5-per-cent. bonds .. .. .. ..„ 4,69114 6 5,000 Metropolitan Gas Company of Melbourne 5-per-cent. debentures .. „ 5,563 17*6 5,000 Natal 4-per-cent. consolidated sock, inscribed (1887) .. .. .. „ 4,993 14 1 10,000 New South Wales Government 4-per-cent. debentures .. .. „ 10,230 3 8 15,000 New South Wales Government 3J-per-cent. inscribed stock .. .. „ 14,429 14 8 10,000 Queensland Government 4-porcmt. debentures .. .. .. „ 10,169 2 3 15,000 Queensland Government 4-per-oent. inscrioed stock .. .. .. „ 15,732 19 8 5,000 Tasmanian Government 4-per cent, debentures .. .. .. „ 5,050 1 11 13,500 Victorian Government 4J-per cent, debentures .. .. .. „ 14,314 5 0 5,000 Victorian Government 4-per-cent. debenture bonds .. .. .. „ 5,050 111 American Raihuays. 8,400 Baltimore and Ohio Railroad Company 6-per-cent. sterling bonds (1874) .. Costing 10,420 19 9 $45,000 Baltimore and Ohio Railroad Company 5-per-cent. bonds (1885) .. .. „ 10,375 17 6 $25,000 Central Railroad Company of New Jersey 5-per-cent. gen. mort. coupon gold bonds .. .. .. .. .. ~ 5,726 16 0 $10,000 Cleveland and Pittsburg Railroad Company 4j-per-oent. gen. mort. gold bonds .. .. .. .. .. .. 2,295 15 0 $50,000 Illinois Central Railroad Company 4-per-cent. Cairo Bridge gold bonds .. „ 10,075 3 0 125,000 New York Central and Hud-ion River Railroad Company 4-per-cent. gold debenture certificates of 1390 .. .. .. .. 5,256 17 £17,600 Pennsylvania Railroad Company 6-per-cent. consolidated mort. sinking fund bonds .. .'. .. .. .. ... 21,062 1 1 $25,000 Pittsburg, Cincinnati, Chicago, and St. Louis Railway Company 4-per-cent. con. mort. gold bonds (series A) .. .. .. .. „ 5,388 9 3 Railway Debenture and Guaranteed Stocks. £7,500 Caledonian Railway 4-per-cent. debenture stock .. .. .. Costing 8,339 4 8 40,500 Forth Bridge Railway 4-per-cent. guaranteed debenture stock .. .. „ 46,548 5 1 14,562 Great Eastern Railway 4-per-eent. debenture stock .. .. .. 15,687 17 11 8,000 Great Eastern Railway 4-per cent, consolidated irre. guaranteed stock .. „ 8,574 13 0 4,000 West Cornwall Railway, Great Western, Bristol and Exeter, and South Devon Railways, 4J-per-cent. joint rent charge stock .. .. „ 4,794 10 0 3,500 Great Western Railway 5-per-cent. consolidated guaranteed stock .. „ 5,139 17 6 10,000 Lancashire and Yorkshire Railway 4-per-cent. debenture stock .. .. „ 10,965 1 3 5,000 Lancashire and Yorkshire Railway 4-per-cent. consolidated guaranteed stock „ 5,516 10 0 9,750 London, Brighton, and S.O. Railway 4|-per-cent. perl. guar. deb. stock .. „ 12,748 8 6 7,000 London, Chatham, and Dover Railway 4J-per-cent. arbit. debenture stock .. „ 8,428 17 6 9,000 London and North-western Railway 4-per-cent. consolidated guar. stock .. „ 10,099 6 3 5,312 London, Tilbury, and Southend Railway 4-per-cent.-debenture stock .. „ 5,833 8 2 14,250 Manchester, Sheffield, and Lincolnshire Railway 4£-per-cent. deb. stock .. „ 17,434 5 4 19,900 Metropolitan Railway 4-per-cent. debenture stock .. .. .. „ 21,836 18 6 5,110 Metropolitan District Railway 4J percent. Fulham rent-charge stock .. „ 6,009 15 1 5,000 Metropolitan District Railway 4-per-cent. debenture stock .. .. „ 5,453 3 9 j.2,000 Metropolitan District Railway 4-per-cent. perl. guar. stock .. .. „ 12,308 10 10 5,000 Midland Railway 4-per-cent. parl. guar. pref. stock .. .. .. „ 5,503 15 7 19,333 6 8 North British Railway 3-per-cent. debenture stock .. .. „ 15,696 5 1 5,000 North B. Railway W. Hartlepool 4-per-eent. preference stock .. .. „ 5,466 12 6 8,000 North E. Railway 4-per-cent. con. pref. stock .. .. „ 8,748 6 3 5,000 North E. Railway 4-per-cent. debenture stock .. .. .. „ 5,576 12 9 £531,417 4 1

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