8.—22

16

Nos. of Bonds. £ Ito 200 = 200 bonds of £1,000 .. .. .. .. .. .. 200,000 1,001 to 1,300 = 300 bonds of £500 .. .. .. .. .. .. 150,000 2,251 to 2,625 = 375 bonds of £200 .. .. .. .. .. .. 75,000 501 to 1,250 = 750 bonds of £100 .. .. .. .. .. .. 75,000 Total .. .. .. .. .. .. .. £500,000 For the Governor and Company, Bank of England, F. May, Chief Cashier.

Enclosure 4 in No. 29. Deed-poll. to all to whom these peesekts shall come. We, Sir Penbose Goodchild Julyan, a Knight Commander of the Most Distinguished Order of Saint Michael and Saint George, and a Companion of the Most Honourable Order of the Bath, and Westby Bbook Peeceval, Esquire, the Agent-General for the Colony of New Zealand in the United Kingdom, send greeting: Whebeas by an Act of the Legislature of New Zealand, intituled " The New Zealand Consolidated Stock Act, 1877," (hereinafter referred to as " The New Zealand Stock Act,") it was among other things enacted, that, for the purpose of raising any sum or sums of money under the authority of any Act that might be passed by the General Assembly of New Zealand in any future session of the said General Assembly authorising the Governor in Council to raise by way of loan any sum of money for the public service of the colony, it should be lawful for the Governor in Council to create capital stock, to be called " New Zealand Consolidated Stock," such stock to be issued in such amounts and manner, at such prices and times, on such terms and subject to such conditions, with such dividends, and redeemable at par at such times and on such conditions, as the Governor in Council might before the creation thereof from time to time determine : And by the said Act it was further enacted that the Governor in Council might from time to time declare all or any of the New Zealand loans, whether existing in the form of stock or not, to be convertible into stock of such denominations, with such conditions, and with such dividends, and redeemable at par at such times and on such conditions as he might before the creation thereof from time to time determine, and might authorise the creation and issue of such an amount of such stock in exchange for the securities held for such loans as might be necessary, and might authorise the creation and sale of any such stock for the purpose of raising money for redeeming any outstanding stock or securities, and of paying any expenses in the creation of stock and otherwise carrying out the provisions of the said Act on such conditions as he might determine, and any conversion so authorised might be effected either by arrangement with the holders of the existing securities, or by purchase thereof out of moneys raised by a sale of the new stock, or partly in one way and partly in the other : And by the said Act it was further enacted that all stock and the dividends thereon, and all charges and expenses incurred in carrying out the provisions of the said Act, should be a charge on and be paid out of the Consolidated Fund: And by the said Act it was further enacted that the Governor in Council might from time to time appoint three or more persons in England to bo Agents for the purposes of the said Act, and might empower such Agents or any three or more of them to exercise all or any of the powers by the said Act exercisable by the Governor in Council: And further, that the said Act should not come into operation nor be of any force and effect whatever until it should be declared to be so in operation by a Proclamation issued by the Governor in Council and published in the New Zealand Gazette : And whereas by a Proclamation made and issued by the Governor in Council on the 9th day of February, 1878, and published in a supplement to the New Zealand Gazette of the same date, the Governor, with the advice and consent of the Executive Council of the said Colony, did proclaim and declare that " The New Zealand Consolidated Stock Act, 1877," should be and come into operation on and after the 9th day of February, 1878: And whereas by another Act of the said Legislature, intituled "The New Zealand Consolidated Stock Act 1877 Amendment Act, 1881," (hereinafter referred to as " The New Zealand Stock Amendment Act ") it was enacted that, notwithstanding anything in " The New Zealand Consolidated Stock Act, 1877," contained, the Governor in Council might appoint only two persons to be the Agents for the purposes of such Act, who should have, exercise, and perform all the powers, authorities, or duties by such Act given to, vested in, or imposed upon the Agents appointed under such Act, and that throughout such Act the words " the Agents " should be deemed to refer to and include the two persons by the now reciting Act authorised to be appointed to be the Agents for the purposes of " The New Zealand Consolidated Stock Act, 1877 " : And whereas various amounts of New Zealand Consolidated Stock have from time to time been duly created by the Agents in England duly appointed for the purposes of the said Acts of 1877 and 1881, or one of them, and duly empowered to exercise all the powers by such Acts exercisable by the Governor in Council upon the terms and conditions respectively mentioned in certain deeds-poll under the hands and seals of such Agents for the time being: And whereas the various amounts of New Zealand Consolidated Stock so created by such Agents as aforesaid, with the dates of such deeds-poll and the names of the Agents by whom the same were executed, together with the rate of interest (ail of which is payable half-yearly at the Bank of England) fixed by such deeds-poll, and the dates upon which the amounts of the stock so created are repayable, are set forth in the Schedule hereto: And whereas, by another Act of the said Legislature, intituled " The New Zealand Loan Act, 1863," provision was made for borrowing certain sums of money, and, in pursuance of the powers under such Act, debentures were issued to the amount of £500,000, bearing interest at the rate of £4 per cent, per annum, and which interest is guaranteed by Her Majesty's Treasury, pursuant to the provisions of the Act of the Imperial Parliament, 29 and 30 Vict., cap. 104, and such debentures are now outstanding : And whereas, in pursuance of the power and authority vested in him by the New Zealand Stock Act and the New Zealand Stock Amendment Act (all previous appointments of Agents having been revoked), His Excellency the Governor of the Colony of New Zealand did, by an Order in Council bearing date the Ist day of February, 1892, appoint us, the said Sir Penrose Goodchild Julyan and Westby Brook Perceval, from and after the Ist day of April, 1892, to be Agents for the purposes of the New Zealand Stock Act, and in that capacity to exercise all the powers by such Act exercisable by the Governor in Council: And whereas we, the said Sir Penrose Goodchild Julyan and Westby Brook Perceval, in exercise and in pursuance of the powers and authorities in that behalf conferred upon us as aforesaid, have declared the New Zealand loan raised as last aforesaid to be convertible into stock, and for the purpose of providing New Zealand Consolidated Stock to be issued for the purpose of raising mcney for redeeming the outstanding securities for the said loan, and for the payment of the expenses of and attending the creation and issue of the said stock, we, the said Sir Penrose Goodchild Julyan and Westby Brook Perceval, in exercise and in pursuance of the powers and authorities in that behalf conferred upon us as aforesaid, have determined to create a further amount of not exceeding £650,000 of New Zealand Consolidated Stock, to be issued as hereinafter mentioned, and to be in addition to and to rank pari passit with the amount of New Zealand Consolidated Stock which has been and shall hereafter be created and inscribed in the books of the Governor and Company of the Bank of England : And whereas we have further determined that such further issue of stock shall be created, issued, and inscribed under the said " New Zealand Consolidated Stock Act, 1877," and we have also determined the amount, manner, price, time, terms, and conditions on, at, and subject to which such stock shall be issued and inscribed, and the dividends thereon be payable, and the principal thereof be redeemable, such amount, manner, price, time, terms, dividends, and conditions being those hereinafter mentioned : And whereas it is expedient that our determination to create such additional amount of £650,000 New Zealand Consolidated Stock, to be so issued and redeemable, shall be declared and manifested under our hands and seals;