8.—22

6

* h. l \ a f ke th - S °PP? 1-t « nit y. o£ forwarding to you copy of a further communication which has this day been addressed to the Managing Director of the Bank of New Zealand, 0,1 the subject of the £100,000 debentures handed over to the Bank m the month of June last. j nnvo &c

W. C. Sargeaunt. Enclosure 4 in No. 10. The Colonial Secretary, New Zealand, to the Crown Agents. Gentlemen,— Colonial Secretary's Office, Wellington, 7th May 1867 I have the honour to acknowledge the receipt of your letter of the Ist November last in reference to the sale by the Imperial Government to the Bank of England of the half-million New Zealand bonds issued to the Tr asury and also to the one hundred thousand pounds bonds handed over by you to the Bank of New Zealand in Juno last On the first point, the Colonial Government has expressed to the Secretary of State for the Colonies its regret that the Imperial Government should have disposed of the New Zealand bonds of five hundred thousand pounds (rem Melon account of Imperial claim) privately, instead of placing them on the open market, and thus have sacrificed the considerable premium which, as the Colonial Government is advised, would have resulted from the adopt on 0 he latter course. A request has accordingly been made that the additional amount which these bonds would have sold thVlmSi e L™e a rnment ay eStlmated °° m P etent SOnS ' and P laoed to &• °* the colony in account wHh J- 11 til V G j C• y E. W. Stafford.

Enclosure 5 in No. 10. The Cbown Agents to the Chief Cashier, Bank of England. " IE '~ Referring to my letter of the 2 3rd January, iB6O, in of Messrs. Hamilton Julyan, and Sargeaunt, £500,000 New Zealand Government 4-per-cent. debentures therewith transmitted: may I request that you will be good enough to inform the Crown Agents for the cXnies if those securities are still held by the Bank to the order of those gentlemen. I have, &c , P. G. Julyan.

Enclosure 6 in No. 10. The Deputy Chief Cashier of Bank of England to the Crown Agents. Gentlemen, — .„], „ In reply to your letter of yesterday's date, I have to state that the £500,000 New Zealandde'bentures in question were transferred to the Governor and Company of the Bank of England, under instructions frZ th« ExXdu'e*" 1 September ' 1866, they having been by the Bank- at the request of the, CWellor of ?he " ' I am,&c,

F. May, Deputy Chief Cashier. Enclosure 7 in No. 10. The Crown Agents to the Chief Cashier, Eank of England. clvn reP,y *? my ,' e f OT 0£ thC llth inStot ' J the Crown Agents for the Colonies under what circumstances the Bank felt themselves justified in delivering the £500 000 New Zealand debentures, placed in their custody on 23rd January, 1866, subject to the joint order of Julyan and Sargeaunt, without such joint order having first been obtained. And further, whether the Bank cons T oSXX^gfiSXST , * deal withthe other seourities from time to ti ™ £ft&ISiTS

P. G. JULTAN. Enclosure 8 in No. 10. The Chief Cashier, Bank of England, to the Crown Agents LrENTLEMEN, — ' 1 _ . „ Tn answer to your letter of yesterday, I have to inform you that the £500,000 New Zealand were held under instructions from the Treasury, ■' on account of that Board," in the name of GA ZZ ° F. May, Deputy Chief Cashier.

Enclosure 9 in No. 10. ' ,„.,, , , Colonial Office, Downing Street 18th Nnvpmlinv laao The correspondence on the subject will be in the possession of your Government but Tβ «, 1 t convenience copies of the papers containing this agreement J but I am to enclose for your mmmmMmmm

* The letter of the 2nd November was one Bimply stating that the question was under the consideration of the Treasury