F.-8

9

VI. —Statement, etc. — continued.

AUSTRALIA - NEW ZEALAND CABLE.

* * No. 2. The Right Hon. the Secretary of State for the Colonies to His Excellency the Governor. Mt Lord,— Downing Street, 17th August, 1911. 'i have the honour to request you to draw the attention of your Ministers to pages 289-90 of the Proceedings of the Imperial Conference, 1911 [A.-4, 1911], with reference to the proposed laying of a new cable between Australia and New Zealand. 2. In accordance with the undertaking given on behalf of His Majesty's Government, this question has received further consideration, and I enclose, for communication to your Ministers, the draft of a Bill [not printed] which has been introduced into the Imperial Parliament to enable the Pacific Cable Board to apply moneys out of their reserve fund, subject to certain conditions, to the construction of the cable in question, and to other extensions, &c, which, in the opinion of the contributing Governments, are necessary or expedient for the improvement of their undertaking. Ihave &c & L. Habcourt. Governor the Right Hon. Lord Islington, K.C.M.G., D.5.0., &<?, [P.O. Fin. and Constr. 11/90.]

2—F. 8.

Details of Securities Balance on 31st March, 1910. Securities purchased during Period of Account. I Total. Securities sold or Balance on redeemed ! 31st March, during Period i 1911. of Account. I Value at Market Price on 31st March, 1011. 1 £ s. d. 11,500 0 0 10,750 0 0 7,000 0 0 12,000 0 0 £ s. d. £ s. d. 11,500 0 0 10,750 0 0 16,000 0 0 12,000 0 0 £ ». d. £ s. d. 11,500 0 0 10,750 0 0 16,000 0 0 12,000 0 0 £ s. d. 29,325 0 0 9,137 10 0 15,680 0 0 10,440 0 0 Bank of England stock Victoria 3-per-cent. stock Victoria 3J-per-cent. stock tfew South Wales 3-per-cent. stock tfew South Wales 3J-per-cent. stock Jueensland 3-per-cent. stock .. Jueensland 3J-per-cent. stock )Jew Zealand 3-per-cent. stock tfew Zealand 3J-per-eent. stock Jew Zealand 4-per-cent. debenture stock Bank of New Zealand 4-per-cent. guaranteed stock Canada 3-per-cent. stock Canada 3J-per-cent. stock Canada 4-per-cent. debenture bonds Canadian Northern Railway 3-per-cent. debenture bonds (guaranteed by the Canadian Government) Jrand Trunk Pacific Railway Company 3 - per - cent, lstmortgage sterling bonds (guaranteed by the Canadian Government) Metropolitan Water Board 3-per-cent. B stock jocal Loans 3-per-cent. stock Guaranteed 2|-per-cent. stock !ndia 3-per-cent. stock india 3|-per-cent. stock South Australia 4-per-cent. stock Straits Settlements 3J-per-cent. stock iVar stock, 2J per cent. 9,006' 0 0 255 85 98 87 12,150 0 0 8,000 0 0 20,150 0 0 20,150 0 0 98J 19,847 15 0 7,500 0 0 8,000 0 0 1,000 0 0 4,000 0 0! 14,000 0 0 4,000 0 0 7,500 0 0 12,000 0 0 1,000 0 0 13,180 0 0 14,000 0 0 7,500 0 0 12,000 0 0 1,000 0 0 13,180 0 0 14,000 0 0 85J 98 86 97J 101 6,412 10 0 11,760 0 0 860 0 0 12,850 10 0 14,140 0 0 9,180 0 0 1,500 o o; 1,500 0 0 1,500 0 0 101 1,515 0 0 20,000 0 0 21,400 0 0 9,000 0 0 13,000 0 0 20,000 0 0 34,400 0 0 9,000 0 0 20,000 0 0 34,400 0 0 9,000 0 0 92 100£ 102 18,400 0 0 34,572 0 0 9,180 0 0 6,000 0 0 6,000 0 0 6,000 0 0 85 5,100 0 0 4,000 0 0 4,000 0 0 8,000 0 0 8,000 0 0 82£ 6,600 0 0 4,000 0 0 4,000 0 0 4,000 0 0 3,480 0 0 87 14,000 0 0 1,100 0 0 12,000 0 0 8,000 0 0 16,000 0 0 14,000 0 0 1,100 0 0 12,000 0 0J 8,000 0 0! 16,000 0 0i .. I 14,000 0 0 1,100 0 0 12,000 0 0, 8,000 0 0 J 16,000 0 0 94J 84i 83J 96i iool 13,195 0 0 926 15 0 10,050 0 0 7,700 0 0 16,080 0 0 4,000 0 0 3,200 0 0 7,200 0 OJ 7,200 0 0 97 6,984 0 0 5,115 2 10 5,115 2 10 5,115 2 10 259,280 0 0J 264,236 0 0 214,015 2 10 50,380 0 0 264,395 2 10] 5,115 2 10 Examined and found < Pacific Cable Board, 1 lorrect. —G. 3th August, I. Hunt, A 911. ditor. H. . Pbimbose, Chairman.