B.—lGb

1888. NEW ZEALAND.

COST OF RAISING THE £2,000,000 LOAN (STATEMENT SHOWING ESTIMATED).

Laid on the Table of the House of Bepresentalives by the Hon. Sir 11. A. Atkinson, with Leave of the House.

Statement showing the Estimated Chakges and Expenses of baising the £2,000,000 Loan Discount at £2 4s. sd. per cent., the loan having been sold at the £ average price of £97 15s. 7d., say ... ... ... ... 44,500 Loss of interest by dating the loan the Ist May, and taking payment of purchase-money by instalments ... ... ... ... 24,000 Commission to Bank of England at i 5 per cent. •■• ■■• ■•• 10,000 Brokerage at £ per cent. ... ... ... ... ... 5,000 Stamp duty at 12s. 6d. per cent. ... ... ... ... 12,500 Advertising, office expenses, telegrams, and contingencies ... ... 4,281 £100,281 James B. Heywood, Treasury, Wellington, 22nd August, 1888. Accountant to the Treasury. {dpproccimato Cost of Paper.-—Preparation, nil; printing (1,275 copies), 12s. Gd.J

Authority : Geoeoe Didsbuby, Government Printer, Wellington.—lBBB.