15

b;—i.

Table No. 6. CONVERSIONS, 1886.— Terms offered and accepted.

Loan. Outstanding. Interest. Sinking Fund. Redeemable. Terms offered by Stock Agents for every ilOO in Debentures surrendered. Surrendered. Consolidated Loan of 1867 £ 1,971,000 p. cent. 5 p. cent. 1 Annual drawing A debenture for £100, bearing interest, payable quarterly, at 5 per cent., for 6 years, from 15th April, 1880, to 13th April, 1892 ; thSn to be converted into £107 of 4 per cent, stock Or, at the option of the holder, £106 of 4 per cent, stock, inscribablo on or after 2nd April, and bearing interest from 1st May —interest on old bond, at 5 per cent., from 15th to 30th April, 1886, will also be paid A debenture for £100, bearing interest, payable half-j'early, at 5 por cent., for 6 years, from 15th January, 1886, to 15th January, 1892 ; then to bo converted into £110 of 4 per cent, stock £ I *589,600 J 488,000 Loan of 18C3 .. . • 1 1914 43,600 Or, at the option of the holder, £112 10s. of 4 per cent, stock, inscribable on or after 2nd April, and bearing interest from 1st May —interest on old bond, at 5 per cent., from 15th January to 30th April, 18S6, will also be paid 65,600 5 per cent. 10-40, — Loan of 1876 1877 .. 1,000,000 2,500,000 5 5 ) I 1888 or 1918 £102 of 4 per cent, stock, inscribable on or after 2nd April, and bearing interest from 1st May —interest on old bond, at 5 per cent., from 1st March to 30th April, 1886, will also be paid 1,292,700 Loan of 1879 .. 524,000 5 1889 £103 of 4 per cent, stock, inscribable on or after 2nd April, and bearing interest from 1st May, 1886 136,000 Loan of 1860 93,100 6 2 1891 £109 of 4 per cent, stock, inscribablo on or after 2nd April, and bearing interest from 1st May —interest on old bond, at 6 per cent., from 1st January to 30th April, 1866, will also be paid 631,400 6 2 1891 19,000 Loan of 1863 Same as loan of 1860 —interest on old bond, at 6 per cent., from 15th December, 1885, or 15th March to 30th April, 1886, will also bo paid 114,400 4^ per cent. 5-30, — Immigration and Public Works Loan of 1870 1873 1874 201,400 714,600 2,030,100 1904 1904 1905 Notice to pay off these debentures on 1st August, 1886, was given on 29th January, 1886, when the following terms wero offered : £101 of 4 per cent, stock, bearing interest from 1st February, 18S6, and inscribable on or after 2nd April, 1886 1,876,800 £10,053,600 N.B.— There was therefore left to be paid off on 1st August, 1886, £1,069,300. £4,137,700 * Information not yet received as to amount un< ler oach. t Information not yet received as to amount relating to each date— 15th March or 15th December.