CORRESPONDENCE WITH THE HON. W. EITZHERBERT.

A.—No. 9

8

Interest on the New Five Per Cents, will commence from the 15th April, 1868, and all interest accrued prior to that date on snch of the old Debentures as may be converted, will be paid to the respective holders in addition to the foregoing rates of exchange. The Bonds will be made to represent sums of £1,000, £500, £200, and £100 respectively, and. fractious of the latter amount which may be unavoidable in the conversion, will be adjusted either bj the issue of one bond, more or less, and by the payment of the difference in money. The annual drawings will take place in the month of March, commencing in 1869, and will be conducted in the presence of the Crown Agents for the Colonies, of any debenture holders who may be pleased to attend, and of a Notary Public. The Debentures drawn will be paid off at par on the 15th April following, together with the interest due thereon. The days on which such drawings will take place, and the numbers and values of the Debentures drawn will be duly notified by advertisement in the London Gazette and the Times. Applications for conversion on the foregoing terms will be received by the undersigned at any time not later than the 15th June next, after which they reserve to themselves the right of offering less favourable rates, or of altogether closing the operation. Scrip certificates will at first be issued in exchange for the Bonds withdrawn, and these will afterwards be replaced by Debentures of the new issue. Forms of application and further particulars with regard to the public debt and resources of the Colony, prepared by the Honorable William Fitzherbert, a member of Her Majesty's Executive Council of New Zealand, may be had on application to the Crown Agents, or to the Brokers, Messrs. Mullens, Marshall, Daniell and Co., 3, Lombard Street, and Messrs. J. and A. Scrimgeour, 18, Old Broad Street, London, where copies of the Acts authorising the conversion and consolidation of the New Zealand Loans may also be seen. PeNEOSE G. JIII/TAN, 7 n a ~,,,,. W. C. Saugeaukt, } Clwn AScnts for tlie ColoniosOffices of the Crown Agents for the Colonies, Spring Gardens, London, Ist May, 18G8. JVeio Zealand Government Loan for £1,114,000, authorised by " The Consolidated Loan Act, 1867." To be issued in five per cent. Debentures, identical in all respects with those described in the foregoing advertisement. The Crown Agents for the Colonies, acting on behalf of the Government of New Zealand, hereby invite subscriptions for the above Loan. The price of issue will be £97 in money for every £100 in Debentures, payable at the Bank of England, as follows : — £10 on allotment. 1 £25 on Ist June. / £25 on 15th June. V Per £100 Debenture. £25 on Ist July. on 15th July. ) The interest will be made payable by coupon at the offices of the Crown Agents for the Colonies, on the 15th July, 15th October, 15th January, and 15th of April each year, and the principal by annual drawings at the same place. Scrip Certificates, bearing interest at five per cent, from the 15th April, 1868, will be issued to subscribers on allotment, and exchanged for Debenture Bonds on payment of the final instalment. Applications made in accordance with the form annexed will be received by the undersigned from ten a.m on Monday, the 4th instant, until the whole amount be subscribed, but not beyond the 14th instant, and allotments will be made strictly in the order in which such applications shall have been received. Forms of Tender may be had on application to the undersigned, or to the Brokers, Messrs. Mullens, Marshall, Daniell and Co., Lombard Street, and Messrs. J. and A. Scrimgeour, Old Broad Street, City. With the exception of about £300,000 to be applied to Telegraph Extension, Lighthouses, and Colonial Defence, the money is required to take up existing but unissued Debentures authorised by Provincial Acts still in force, and to meet certain Provincial liabilities assumed by the General Government. Pekbose Gr. JuLYATr, W. C. SABGrEATJNT, Offices of the Crown Agents for the Colonies, Crown Agents for the Colonies. London, Ist May, 1868. Foem of Tendee. New Zealand Government five per cent. Debentures for £1,114,000, issued at Gentlemen, —Be good enough to allot me Debentures of the above Loan to the extent of £ , and I hereby agree to accept the same, or any less amount, subject to the conditions contained in your advertisement, dated Ist May, 1868. Name Address Date To the Crown Agents for the Colonies, London.