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to, it is not proposed to issue any more under the former Ordinance, the rate of interest borne by them, ten per cent., being altogether out of the question. I have, &c, The Honorable the Colonial Secretary, James Macandrhv, Auckland. . Superintendent.

No. 35. No. 352. MR. STAFFORD TO THE SUPERINTENDENT, OTAGO. Colonial Secretary's Office, Auckland, 7th September, 1660. Sir,— I have the honour to acknowledge the receipt of your Honor's letter of the 12th ultimo., transmitting a Bill, entitled the " Otago Loan Ordinance, I860," passed by the Provincial Council of Otago, and reserved by you for the Governor's assent. This Bill omits to observe both as to the amount, and in other respects the conditions prescribed; by the Secretary of State for the colonies, as those upon which alone the assent of the Governor could bs given to such a Bill, and which were communicated to your Honor in my letter No. 48, of the, 24th January, 1860. His Excellency has consequently been unable to assent to this Bill. I have, &c, His Honor the Superintendent, E, W. Stafford. Otago.

No. 36. THE SUPERINTENDENT, OTAGO, TO THE COLONIAL SECRETART. Superintendent's Office, Dunedin, 17th July, 18&1. Sib,— I have the honor to forward the following Bills passed by the Provincial Council of this, Province and reserved by me for the signification of the Governor's pleasure thereon. 1. Otago Loan Ordinance, 1861. 2. Provincial Council Enlargement Ordinance Amendment Ordinance, 1861. Respecting the first mentioned Bill, as the conditions referred to in your letter of 7th September last have been complied with, I presume there will be no objection to the Bill. The second Bill, above referred to, merely provides for an additional member to the Tokomairiro District in consequence of the increase of population in that locality, 1 have, &c, The Honorable The Colonial Secretary, J. Richardson, Auckland. Superintendent.

No. 37. No. 441. MR. FOX TO TIIE SUPERINTENDENT OTAGO. Colonial Secretary's Officp, Anckland, 7th August, ISCI. Sir, — I have to acknowledge the receipt of the "Otago Loan Ordinance, 1861", (transmitted in Your Honor's litter dated the 17th ultimo) which has been passed by the Provincial Council and reserved for the signification of the Governor's pleasure thereon, and with reference to that part of the 10th clause which leaves the investment of moneys paid into the sinking fund to the Superintendent (as well as to the Governor) I have to observe that his Excellency considers it objectionable and thinks that his instructions require that the trustees should be entirely independent of the Provincial Government. I would, accordingly, suggest an alteration in this particular, as the Governor has no other objection to the Bill. I have intimated to Your Honor in another letter of this date the assent of the Governor to the Provincial Council Enlargement Ordinance Amendment Ordinance, 18C1, also transmitted in your letter. His Honor the Superintendent, I have &c., Dunedin. William Fox.

No. 38. TIIE SUPERINTENDENT, OTAGO, TO THE COLONIAL SECRETARY. Superintendent's Office, Dunedin, September 17th, 1861. Sin, — I have the honor to acknowledge the receipt of your letter of the 7th ultimo intimating I,he disallowance of His Excellency the Governor of the "Otago Loan Ordinance, 1861/' on the.

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