8.—14 a

26

Enclosure 2 in No. 22. Conversion of 1892. —Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st January, 1892.

Example : Thus, if the value of £100 debenture of the Otago Loan is £111 7s. (taken at 4 per cent, interest), and that of the 3J-per-cent. inscribed stock is 94, then £118 9s. 2d. of 3J-per-cent. inscribed stock (repayable at par forty-nine years hence) is the equivalent of £100 debenture of the Otago Loan. A. H. Bailey. 15th July, 1891. Ralph P. Haedy.

Enclosure 3 in No. 22. Conversion of 1892. —Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st July, 1892.

Example: Thus, if the value of £100 debenture of the Otago Loan is £110 lis. 6d. (taken at 4 per cent, interest), and that of the 3J-per-cent. inscribed stock is 94, then £117 12s. Bd. of 3J-per-cent. inscribed stock (repayable at par forty-nine years hence) is the equivalent of £100 debenture of the Otago Loan. A. H. Bailey. 15th July, 1891. lUlph P. Haedy.

Enclosure 4 in No. 22. Conversion of 1893.—Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st January, 1893.

°g St M f, fn o Amount of 3J-pi sr-cent. Inscribed Stock, equivalent to each £100 De the Market Prices of Stoc ibenture of i k, as shown, ;he Stocks ind iicated, taken n at dated Loan, T .op-. Loan, 1863. Valued at Valued at £100 19s. 5d. £108 3S. 3d. Lyttelton and Christchurch Eailway Loan, I860. Canterbur y Loan, 1862. Otago Loan, 1802. Nelson Loan, 1874. £28,700. £21,300. £18,500. £9,200. Valued at Valued at Valued at Valued at £102 17s. 8d. £104 14s. 3d. £107 6s. Od. £108 19s. 8d. £9,200. Valued at £108 19s. 8d. £10,600. Valued at £12917s.l0d. I £12,200. Valued at £131 Is. Id. Valued at £111 7s. Valued at £112 4s. lOd. I 93 93 ; i 94 94* 95 I 95J 96 96* 97 I 97*; 98 £ s. a. 108 11 5 107 19 10 107 8 4 106 16 11 106 5 8 105 14 7 105 3 7 104 12 8 104 1 11 103 11 2 103 0 8 £ s. d. 116 6 1 115 13 6 115 1 4 114 9 2 113 17 1 113 5 2 112 13 5 112 1 8 111 10 2 110 18 9 110 7 5 £ s. d. 110 12 7 110 0 9 109 9 0 108 17 5 108 0 C 107 14 e 107 3 5 106 12 4 106 1 4 105 10 5 104 19 8 £ s. d. £ s. d. 112 11 11 115 8 1; 111 19 10 114 15 9 111 8 0 114 3 6 ! 110 16 2 113 11 5 110 4 6 112 19 6 1 109 12 11 112 7 8 109 1 7 111 15 11 108 10 3 111 4 4J 107 19 1 110 12 11 107 8 0 110 1 7 106 17 0 109 10 4 1 £ s. d. 117 3 8 116 11 2 115 18 9 115 6 6 114 14 4 114 2 4 113 10 6 112 18 8 112 7 1 111 15 7 111 4 2 £ s. a. 139 13 5 138 18 5 138 3 8 137 9 1 136 14 7 136 0 3 135 6 1 134 12 1 133 18 2 133 4 6 132 10 10 £ s. a. 140 18 4 140 3 3 139 8 4 138 13 7 137 19 0 137 4 7 136 10 3 135 16 1 135 2 1 134 8 3 133 14 7 £ s. a. 119 14 7 119 1 9 118 9 2 117 16 7 117 4 2 116 11 11 115 19 9 115 7 9 114 15 10 114 4 1 113 12 5 £ s. a. 120 13 10 120 0 11 119 8 2 118 15 6 118 3 0 117 10 8 116 18 5 116 6 3 115 14 3 115 2 5 114 10 8

Amount of 3J-pe: •-cent. Inscribed Stock, c the Market quivalent to each £100 Debenture of the Stocks in Prices of 3$-per-cent. Stock, as shown. licated, take: at O-f. Q o H o £ Pi Consoli- Auckland Lyttelton and Christchu irch Eailwa; Loan, 1860. Canterbury Loan, 1862. Ota«o Loan, 1862. Nelson Loan, 1871. Valued at ! Valued at £100 9s. lOd.. £107 6s. 6d. .£28,700. Valued at £10118s. lOd. £21,300. Valued a I £103 His. 2d. £18,500. Valued at £100 9s. 5d. £9,200. Valued at £108 3s. 3d. £10,600. Valued at 6129 9s. lOd. | £12,290. Valued at '.f.130 13s. 6d. Valued at £110 lis. 0d. Valued at £110 19s. 9d. 93 93* 94 94* 95 95.', 96 96* 97 97 ; 1 98 £ s. d. 108 1 1 107 9 6 106 18 1 106 6 9 105 15 7 105 4 6 104 13 7 104 2 8 103 12 0 103 1 4 102 10 10 £ s. d. 115 8 1 114 15 9 114 3 6 113 11 5 112 19 6 112 7 8 111 15 11 111 4 4 110 12 11 110 1 7 '109 10 4: £ s. d. 109 12 3 109 0 7 108 9 0 107 17 6 107 0 2 : 106 14 11 106 3 9 105 12 9 105 1 11 104 11 2 104 0 5 £ s. d. Ill 12 5 111 0 6 110 8 8 .109 17 0 109 5 5 108 14 0 108 2 8 107 11 6, 107 0 4 106 9 5 105 18 0 : £ s. d. 114 9 9 113 17 6 113 5 4 112 13 5 112 1 6 111 9 9 110 18 2 110 6 8 109 15 4 109 4 1 108 12 11 £ s. a. 116 6 1 115 13 6 115 1 4 114 9 2 113 17 1 113 5 2 112 13 5 112 1 8 111 10 2 110 18 9 110 7 5 £ s. d. 139 4 9 138 9 10 137 15 1 137 0 7 136 6 1 135 11 10 134 17 9 134 3 9 133 9 11 132 16 3 132 2 8 £ s. d. 140 10 2 139 15 2 139 0 3 138 5 7 137 10 10 136 16 8 136 2 4 135 8 3 134 14 4 134 0 6 138 6 10 £ s. d. 118 18 0 118 5 3 117 12 8 117 0 3 116 7 11 115 15 8 115 3 8 114 11 9 113 19 11 113 8 3 112 16 81 £ s. d. 119 6 10 118 14 1 118 1 5 117 9 0 116 16 7 116 4 4 115 12 3 115 0 3 114 8 5 113 16 8 113 5 1

2° Amount of 3A-per-cent. Insert ibed Stock, ei the Market 1 quivalent to each £100 Debenture of t] E J rices of 3|-per-cent. Stock, as shown. tie Stocks indicated, taken at X i, « a rt H-i CO r , , ■ Auckland i Lyttelton a: Gonsoli- L 1803 i dated Loan, ' - ' £28,700. Va , lluiq ut Valued at ' Valued at \ aiuta ai £l0Q Qs 5d | £100 igs _ 7(] I id Christch treh Eailway Loan, 1860. Canterbur; £18,500. £9,200. £10,600. Valued at Valued at Valued at £105 12s. Od. £107 6s. 6d. £129 Is. 7d. Loan, 1862. £12,200. Valued at £130 5s. 9d. Otago Nelson Loan, 1862. Loan, 1874. Valued at i Valued at £109 15s. 9d.!£109 14s. 2d. I £21,300. Valued at £102 17s. 8d. 93 93* 94 94* 95 95* 96" 96* 97 97* 98 d o '5 £ s. d. 114 9 9 113 17 6 113 5 4 112 13 5 112 1 6 111 9 9 110 18 2 110 6 8 109 15 4 109 4 1 108 12 11 £ s. d. 108 11 8 108 0 0 107 8 0 106 17 2 106 5 11 105 14 9 105 3 9 104 12 10 104 2 1 103 11 5 103 0 10 £ s. d. 110 12 7 110 0 9 109 9 0 108 17 5 108 6 0 107 14 8 107 3 5 100 12 4 106 1 4 105 10 5 104 19 8 £ s. d. 113 11 0 112 18 10 112 6 10 111 14 11 111 3 2 110 11 7 110 0 0 109 8 8 108 17 4 108 6 2 107 15 2 £ s. d. 115 8 1 114 15 9 114 3 6 113 11 5 112 19 6 112 7 8 111 15 1.1 111 4 4 110 12 11 110 1 7 109 10 4 £ s. d. 138 15 11 138 1 1 137 6 4 136 11 10 135 17 6 135 3 3 134 9 2 133 15 3 133 1 5 132 7 10 131 14 3 £ s. d. 140 1 10 139 0 11 138 12 1 137 17 5 137 2 10 130 8 6 135 14 3 135 0 3 134 6 4 13;! 12 7 132 IS 11 £ s. d. 118 1 0 117 8 5 116 15 11 116 3 6 115 11 4 114 19 2 114 7 3 113 15 5 113 3 8 112 12 1 112 0 7 £ s. d. 117 19 4 117 6 8 1.16 14 3 116 1 10 115 9 8 114 17 7 114 5 7 113 13 9 113 2 0 112 10 5 111 18 11 Example : Thus, if the md that of the 3*-per-cent. lorty-nir.e years hence) is t! 15th July, 1891. i value of £11 . inscribed s ihe equivalei )0 debentu: ;ock is 94, i it of £100 c re of the Ot ;hen £116 1. lebenture oi ;ago Loan i: 5s. lid. of ; f the Otago s £109 15s. 3*-per-cent. Loan. 9d. (taken . inscribed it 4 per ceni itock (repayi i. H. Baiu Ralph P. I ;. interest), ible at par J.Y. [aedy.