8.—14 a.

28

Enclosure 8 in No. 22. Conversion of 1895. —Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st January, 1895.

Example: Thus, if the value of the £100 debenture of Otago Loan is £10G 9s. 5d. (taken at 4 per cent, interest), and that of the 3J-per-cent. inscribed stock is 94, then £113 5s. 4d. of 3J-per-oent. 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. Hardy.

Enclosure 9 in No. 22. Conversion of 1895. —Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st July, 1895.

Example: Thus, if the value of £100 debenture of the Otago Loan is £105 12s. (taken at 4 per cent, interest), and that of the 3J-per-eent. inscribed stock is £94, then £112 6s. lOd. 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 10 in No. 22. Conversion of 1896. —Table showing the Equivalent in 3½-per-cent. Stock of a £100 Debenture of the Undermentioned Loans for the Half-yearly Period 1st January, 1896.

Am lount of Sj-per-cent. Inscribed Stock, the Markei squivalent to each £100 D( Prices of 3J-per-cent. Stoi ibenture of the Stocks indicated, take: jk, as shown. n at OC/J £■§ © V •a a CO Consolidated Loan, 1807. Auckland j Lyttelton and Christchi Loan, 1863. irch Eailway Loan, 1860. Canterbury Loan, 1862. Otago Loan, 1862. Nelson Loan, 1874. Valued at Valued at £21,300. £102 17s 8(1 Valued at | Valued at £28,700. £21,300. Valued at | Valued at £18,500. Valued at £10118s, lOd. £9,200. Valued at £103 16s. 2d. £10.600. Valued at £127 7s. Id. £12,200. Valued at £128 13s. 3d. Valued at | £106 9s. 5d. Valued at £104 6s. Od. 93 94 94* 95 95* 96 96* 97 97* 98 d o 3 ft £ s. ■ d. 110 12 7 110 0 9 109 9 0 108 17 5 st--108 6 0 ° 107 H 8 S 3 107 3 5 (£ p3 106 12 4 1C6 1 4 105 10 5 104 19 8 I d i d o o '3 '3 ft ft £ S. d. 109 12 3 109 0 7 108 9 0 107 17 6 107 6 2 100 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 6 £ s. d. 130 18 10 130 4 2 135 9 8 134 15 4 134 1 2 133 7 2 132 13 3 131 19 6 131 5 11 130 12 5 129 19 1 £ s. d. 138 6 11 137 12 2 136 17 6 136 3 0 135 8 8 134 14 0 134 0 5 133 6 7 132 12 10 131 19 3 131 5 9 £ 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. 112 3 7 111 11 7 110 19 8 110 8 0 109 16 4 109 4 10 108 13 6 108 2 2 107 11 1 107 0 0 106 9 1 | I

<-"S °o +3 Q CO Amount of 3|-per-cent. Inscribed Stock, equivalent to each-£100 Di the Market Prices of Stoi jbenture of the Stocks in ;k as shown. licated, taken at Consolidated Loan, 1867. Auckland Loan 1863. Lyttelton and Christchi irch Eailway Loan, 1860. Canterbury Loan, 1862. Otago Loan, 1862. I Nelson Loan, 1874. Valued at £10118s.l0dJ I Valued at £28,700. £21,300. Valued at Valued at £18,500. Valued at £100 19s. 7d. £9,200. Valued at £10217s.8d. £10,600. Valued at £12618s. Id. £12,200. Valued at £128 4s. 8d. Valued at £10512s. Od. Valued at £10218s. 3d 93 93* 94 94* 95 95* 96 96* 97 97* 98 d o IS '5 ft £ s. d. 109 12 3 109 0 7 108 9 0 107 17 6 107 6 2 106 14 11 106 3 9 105 12 9 105 1 11 104 11 2 -104 0 5 d o 3 ft S3 O '3 ft £ s. d. 108 11 8 108 0 0 107 8 6 100 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 5 106 12 4 106 1 4 105 10 5 104 19 8 £ s. d. 136 9 1 135 14 6 135 0 1 134 5 9 133 11 8 132 17 8 132 3 10 131 10 1 130 16 7 130 3 2 129 9 10 £ s. d. 187 17 9 137 3 0 136 8 5 135 14 0 134 19 8 134 5 7 133 11 7 132 17 9 132 4 0 131 10 6 130 17 1 £ 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. 110 13 2 110 1 4 109 9 8 108 18 1 108 6 7 107 15 3 107 4 0 106 12 11 106 1 11 105 11 0 105 0 3

Amol unt of Inscribed Stock, equivalent to each £100 Del: Market Prices of 3J-per-cent. Stock venture of the Stocks indicated, taken :, as shown. tt the of pan tot -w © o o # u Consolidated Loan, 1867. Auckland Lyttelton and Christchurch EailwayLoan, 1860. Loan, 1863. . . Lyttelton and Christchurch EailwayLoan, 1860. Canterbury Loan, 1862. otaeo Loan, 1862. £10,600. £12,200. ... ~~ -, . Valued at Valued at J.f' "',' 1* 6126 8s. 10d. £127 16s. Od. ilu4 i4s. 3d. Nelson Loan, 1874. Valued at Valued at £28,700. I £21,300. ! £18,500. j + £100 19s. 7d. Valued at i Valued at | Valued at ,£i 0 Yi8s lOd £28,700. I £21,300. Valued at i Valued at £18,500. Valued at ! £9,200. Valued at J10118s. lOd. £10,600. Valued at £120 8s. lOd. Valued at £101 9s. 5d. 93 93* 94 94* 95 95* 96 96* 97 97* 98 d o '3 ft £ s. d. £ s. d. 108 11 8 109 12 3 108 0 0 109 0 7 107 8 6 108 9 0 106 17 2 d d d 107 17 6 106 5 11 ° ° I 107 6 2 105 14 9 3 3 5 106 14 11 105 3 9 £ pj ff 106 3 9 104 12 10 105 12 9 104 2 1 105 1 11 103 11 5 104 11 2 103 0 10 104 0 5 d o '3 ft ! d o '3 ft d o '3 ft £ s. d. 109 12 3 109 0 7 108 9 0 107 17 6 107 6 2 106 14 11 106 3 9 105 12 9 105 1 11 104 11 2 104 0 5 £ S. d. 135 19 2 135 4 7 134 10 3 133 16 0 133 1 11 132 8 0 131 14 2 131 0 7 130 7 1 129 13 8 129 0 5 £ s. a. 137 8 5 136 13 8 135 19 2 135 4 9 134 10 6 133 16 5 133 2 6 132 8 8 131 15 1 131 1 6 130 8 2 £ s. d. 112 11 11 111 19 10 111 8 0 110 16 2 110 4 6 109 12 11 109 1 7 108 10 3 107 19 1 107 8 0 106 17 0 £ s. d. 109 2 2 108 10 6 107 18 11 107 7 6 106 16 3 106 5 1 105 14 0 105 3 0 104 12 2 104 1 6 103 10 10 Example : a,nd that of the i :ortv-nine years '15th July, 1 Thus, if the 3*-per-cent, hence) is tl .891. value of £100 debenti inscribea stock is 9< e equivalent of £100 d ure of the ( 4, then £1 ebenture oi itago Loan is £104 14s. 1 8s. of 3*-per-cent. : the Otago Loan. 3a. (taken inscribed s it 4 per cen ;ock (repayi 4. H. Bail Ralph P. ] it. interest), able at par ,EY. Haedy.