The Sun.
London, England, 1865-03-20 00:00:00

NEW ZEALAND GOVERNMENT TREA-
SURY BILLS, £1,000,060 sterling, authorised by Act
of the Legislature of the colony, intitnled the "Debentures
Act, 1E64," to be raised in anticipation of the " Loan Aot,
1883."
The undersigned, acting on behalf of the Government of
New Zealand, now offer to public competition by tender the
first instalment of the above Treasury Bills, amounting to
£460,000 sterling.
The Treasury Bills will be issued in sums of £lOO and
£l,OOO each, with the coupons attached, bearing interest at the
rate of 8 per cent. per annum from the date of issue, viz., lst
of April, 1865, payable half yearly on the Ist day of January
and the Ist day of July, redeemable as follows :
Ist Series, £lOO,OOO, on 31st Dec., 1864, 21 months' currency.
2d do. £IZO,COO, 30th June, 1887, 27 do.
ad do. £150,000, 31st Dm, 1867, 33 do.
Both principal and interest will be made payable either at
the Colonial Treasury, Wellington, or the Bank of New Zea-
land, London. to suit purchasers.
Tenders will be received for the whole or any portion of the
Treasury Bills, not being in sums less than £.OO or more than
£l,OOO, until 1 p.m. on Friday. the 31st March, 1865.
The tenders should Le enclosed in a sealed envelope, ad-
dressed to the undersigned, at the Bank of New Zealand, 50,
Old Broad-street, with the words "Tender for the New Zea-
land Government Treasury Bills" written on the outside.
All tenders received will be opened at the Bank of New
Zealand, in the presence of interested parties, at 1 o'clock on
the 3 t st March precisely.
The Treasury Bil a will be allotted to the highest bidders,
provided the prices ofiered are not below the minimum fixed
in the ususl manner.
Tenders at a price including the fraction of a shilling other
than sixpence wilt not be ae,c4ted, and in the event of ten-
ders beyond the amount to be issued a pro rata distribution
on such tenders will be made.
A deposit of £5 per cent. on the amount of each tender must
be previously paid into the Bank of New Zealand, and on al-
lotment, the baiance in two equal portions, with intervals of
14 days between each. The Treasury Mils will be issued in
exchange for the Bank receipt on a day to be fixed upon here-
after.
The principal and interest of such Debentures or Treasury
Bills are payable out of and charged upon the revenue arising
in the colony of New Zealand from all sources, but without
prejudice to any securities heretofore charged upon the said
revenue ; but it is distinctly understood that these Treasury
Bills will be redeemed out of the proceeds of the Three
Million Permanent Loan of 1863, when sold.
Full informal ion as to the existing loans of the New Zea-
land Government may be obtained at the Bank of New Zea-
land, together with forms of tender. Also the following
documents may be seen, viz. :
Financial Statement by the Hon. Mr. Fitzherbert, Colonial
Treasurer, dated 3d Vecember, 1864.
The " Debenture Act. 1864."
The "New Cu-toms' Duties Act, 1834," by which it is ex-
pected that an addition will be made to the Colonial revenue
of £190,00 per annum, Btc.
Agents appointed
by the Governor of
FALCONER LARBWORTHY, IrewZealandforthe
ROBERT PORTER issue of Treasury
WILLIAM SMELLIE GRAIIAME, Bills under the "De-
•bentures Act,1884."
treet,

Bank of New Zealand, 50, Old Broad-a'
London, March 18, 1865.