3

8.—17

In the Loan and Stock Agents' letter of the 4th instant, No. 592, you were informed that the amount sent in for conversion was £3,655,100. There has since been added a further small number of bonds admitted by the Bank of England under the discretion we gave them, by which the total amount converted is now brought up to £3,656,800. I have, &c, The Hon. the Colonial Treasurer, Wellington. E. D. Bell.

No. 4. Memoranda by the Accountant to the Tbeasury. Statement of the estimated Amounts to be added to the Sinking Fund of the under-stated Loans during Financial Year, 1885-86. (Section sof " The Consolidated Stock Act, 1884.") Sinking Funds invested in London, — £ s. d. £ s. d. Loan of 1856 ... ... ... ... 19,643 4 6 Loan of 1863 ... ... ... ... 45,633 14 10 " Immigration and Public Works Loan Act, 1870 " ... 23,700 8 10 New Zealand Consols... ... ... ... 155,328 10 0 244,305 18 2 Sinking Funds invested in the Colony,— Loan of 1860 ... ... ... ... 6,142 8 0 " Auckland Loan Act, 1863" ... ... ... 1,359 16 0 " Wellington Loan Act, 1866" ... ... ... 734 14 0 " Lyttelton and Christchureh Eailway Loan Ordinance, 1860" ... ... ... ... 3,979 12 0 " Canterbury Loan Ordinance, 1862 " ... ... 410 10 0 " Otago Loan Ordinance, 1862" ... ... ... 3,536 15 0 16,163 15 0 Total Sinking Funds ... ... ... £260,469 13 2 Estimate as above for 1885-86 ... ... ... 260,469 13 2 Less excess of estimate over actual receipts for year 1884-85 3,497 15 5 Total for 1885-86 ... ... £256,97117 9

Statement in reconciliation of previous Estimate of Sinking Fund to accrue during the Financial Year ended 31st March, 1885. Estimated. Actual. Sinking Funds invested in London, — £ s. d. £ s. d. " New Zealand Loan Act, 1856"... ... ... 17,865 9 7 17,394 19 7 " New Zealand Loan Act, 1863"... ... ... 42,696 9 11 40,985 13 7 New Zealand Consols ... ... ... 148,509 0 3 147,850 0 4 "Immigration and Public Works Loan Act, 1870" ... 23,1311110 22,613 8 4 Sinking Funds invested in the Colony, — " New Zealand Loan Act, 1860" ... ... 5,885 12 9 5,863 12 2 " Auckland Loan Act, 1863" ... ... ... 1,305 14 5 1,312 11 4 " Wellington Loan Act, 1866" ... ... ... 701 9 5 698 13 8 " Lyttelton and Christchureh Eailway Loan Ordinance, I860"... ... ... ... ... 3,813 9 8 3,733 16 6 " Canterbury Loan Ordinance, 1862 " ... ... 395 15 4 392 2 1 " Otago Loan Ordinance, 1862" ... ... ... 3,398 1 5 3,360 1 7 247,702 14 7 244,204 19 2 244,204 19 2 Excess of Estimate ... ... £3,497 15 5 Loan op 1856. Interest on Investments, — £ s. d. One year at 4 per cent, on £279,518 16s. Id., New Zealand Stock ... 11,180 15 0 One year at 4 per cent, on £103,493 3s. 3d., New South Wales Stock ... 4,13114 6 One year at 4 per cent, on £101,200, Victoria Debentures ... ... 4,048 0 0 One year at 3^ per cent, on £8,078 10s. 9d., New South Wales Stock ... 282 15 0 £19,643 4 6 Loan of 1863. Contributions of Sinking Fund— £ s. d. £ s. d. Series 1891 ... ... ... ... 10,628 0 0 Series 1914 ... ... ... ... 4,880 0 0 Series 1915 ... ... ... ... 5,000 0 0 20,508 0 0 One year's interest at 4 per cent, on £628,143 12s. 3d., New Zealand Stock ... ... ... ... 25,125 14 10 £45,633 14 10