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BC Sessional Papers

RETURN To an Order of the Hosue for a return, in detail, showing the date, name, service, and amount… British Columbia. Legislative Assembly 1892

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 55 Vict.
Loan of 1891
621
RETURN
To an Order of the House for a return, in detail, showing the date, name, service, and
amount paid out of the £200,000 issued under the " Loan Act, 1891," which
reduced that sum to $800,002 65, as per the answer of the Hon. the Minister of
Finance and Agriculture on 3rd February, 1892.
J. H. TURNER,
Minister of Finance.
Treasury, 16th March, 1892.
DETAILED STATEMENT of expenses as brought to account at the Treasury up to 13th
March, 1892, in connection with the loan of £200,000 and the consolidation of the Public
Debt, "Loan Act, 1891."
Drought to account under "Discount and Commission."
28th August,
Aug. and Sept.,
28th August,       1891
November 23rd, 1891
Bank of British Columbia .
Woolston & Beeton	
Wedd, Jefferson & Co .
Woolston & Beeton	
The Debenture Corporation
Bank of British Columbia. .
R. Nivison & Co	
Marnham & Co	
A. Thomson & Co	
C. Morrison	
Cocks, Biddulph & Co	
Bank of British Columbia..
Commmission for issue of £200,000 of Inscribed Stock
@ i % = £500 @ 84.82	
Commission for general management and negotiation
of loan, Inscribed Stock on £200,000, @i X =£500
@ $4.82	
Commission on guaranteed subscription of £15,000 of
Inscribed Stock @ 2 % = £800 @ $4.82
£ 10,000 ii n 200        4.82
2,000 4.82
200 4.82
300 4.82
100 4.82
300 4.82
400 4.82
200        4.82
Paid sundry persons rebate at the rate of 2% per
annum on prepayment of calls to Inscribed Stock
£00 5s. Sd. @ $4.85	
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
100,000
10,000
15,000
5,000
15,000
20,000
10,000
Payments to the following Brokers and Bankers, Commission of one-quarter of
one per cent, on allotment of Inscribed Stock.
Crumpton & Co	
Nivison & Co	
Fenn & Crosthwaite
Pember & Boyle	
Mullens & Co	
Wildy &Co	
A. H. Peke	
Babtie & Co	
Vigne & Son	
Gilmour & Co	
Borthwick & Co	
Prust & Co	
Sparkes & Clark
Castello & Co	
Wilson & Son	
Simonds & Co	
Woolston & Beeton ..
Govett	
McCowan & Co   	
Thomson & Co	
Commissioner of Inland Rev.
Commission on
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
Do.
£ 1,000,
6,700,
1,200,
10,000,
500,
1,000,
700,
1,000,
10,000,
6,500,
1,000,
500,
300,
26,000,
2,000,
10,000,
83,430,
2,000,
3,000,
6,670,
£    2 10s. O
16 15 0
S   0 0
25   0 0
15 0
2 10 0
115 0
2 10 0
25   0 0
16   5 0
210 0
1   5
15 0
65   0 0
5   0 0
25   0 0
20811 6
5   0 0
7 10 9
16 15 0
£433 16s. 6<t. @ $4.82
0
Commutation Stamp Duty on £200,000   Inscribed
Stock @ J % = £1,250 @ $4.82£	
$2,410 00
2,410 00
1,446 00
964 00
9,640 00
964 00
1,446 00
482 00
1,446 00
1,928 00
964 00
2,091 03
6,031 25
Carried forward.
32,514 64
32,514 64 622
Loan of 1891.
1892
Brought forward	
Brought to account under " Premium and Exchange,**
$32,514 64
October 8th,       1891 [Bank of British Columbia .. I Exchange on cable transfer from London of proceeds I
|    of loan @ $4.82 per £     |
Brought to account under "Expenses in connection -with Loan and
Consolidation," (Loan Act, 1891).
September 7th,  1891
November 9th,
August 28th,
November 18th,
November 23rd,
September 30th.
August 28th,
November 23rd,
C. P. R. Telegraph Co .
Do. do
Woolston & Beeton	
Turner, Beeton & Co...
H. C. Beeton & Co....
Bank of British Columbia.
do.
Woolston & Beeton ,
Canadian Gazette.
Freshfields & Williams .
Cablegrams	
Do	
Paid for cablegrams,
Do. 	
Do.
Do. 	
Do.
Paid for postages and stamps on
scrip   	
Paid fee stamp, Stock Exchange
quotation	
£108 10s. 6d. @ $4.82
12 17 6 @4.82£
'' 34 11 ' 8 "
18   9
14   0
£37   4   0
Paid F. G. Matheson & Sons for
Printing charges   30  6   0
Paid D. Street & Co. for advertising full and abridged prospectus in 33 newspapers 374 13   6
Paid for postage, legal charges
and incidentals      7 11   0
£412 10   6
Advertising Inscribed Stock ...     5 10   0
Professional services for perusing the prospectus, Orders in
Council,   Colonial   Acts,   and
other documents, and preparing the necessary declaration
as required bv section 1 of the
"Colonial Stock Act, 1887," &c.   52 10   0
Paid Counsel's fees,     £9 3   0
Paid Stamp Duty on
declaration    5 0   0
Paid letters, messengers, postage, &c   2 0   0
    16   3   0
@ $4.85
@ $4.82
@ $4.82*
£68 13   0     <«, S4.S5
Total..
227 65
28 65
523 09
5 94
61 99
153 08
1,988 37
26 54
5,067
841,110 40
The £200,000 Inscribed Stock sold in London @ 86 = £172,000 @ $4.85 .
$834,200 00
Deduct charges as detailed in preceding statement           841,110 40
Less.—The following amounts, as a proportion of the expenses which were incurred in promoting the " Consolidation of the Public Debt," and are not considered a charge solely
against the £200,000, viz.:—
One-quarter of £4,000 commission paid to guarantors = £1000 -.	
Two-thirds cost of advertising	
One-half cost of telegrams and incidentals	
One-half cost of legal expenses	
$4,820 00
1,343 27
583 31
166 47
6,913 05
34,197 35
800,002 65
VICTORIA   £. C.
Printed by Richard Wolfenden, Printer to the Queen's Most Excellent Majesty

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