The Express.
London, England, 1864-12-12 00:00:00

MONTEVIIODAEAv
aNa.OOOEI7II,OOO 8 EUROPEAN LOAN.
To be Issued in bonds to bearer of ClOO each, at the price of
60 per cent.
The P.m& will beer Interest at 6 per cent. per annum from lst
January, 186 a, payable In sterling h:ifiearly London.
A Sialdng lend of 1 per cent win be ed annually par-
chew or redemption ot bonds n sterling.
1 By a law of the Honourable Handal Assembly of the Repub-
lica Oriental del traguay. of the lath November, 1861, and of
two several decrees of the executive powers of the said republic
of the 16th December, 1863, power was conferred an Messrs.
Mafia sad Co., of Monte Video, to convert the debentures of the
internal debt, created by acts of the legislature of 66th July,
1471. and the ltth November, 1863, respectively, into a rational
debt stock. represented by Six per Cent. Bonds, to be lamed in
prior to Slat December., MC
Zavr°K.. e amount of the internal debt so authorised t• be con-
ceded Into external national debt wan 6,000,00 dollars—or bey
.t1z2.50,000.
. .

A Under the provisions of above.mentloned law and decrees,
the necessary steps have been taken towards the conversion of
debentures representing 5.000,000 dollars Internal Dvbt into
X 1,000,000 External National Debt Stock, represented by 10,000
bonds of £lOO British sterling, bearing interest at 6 percent per
annum.

4. Messrs. Made, MacGregor, and Co., beg to notify that they
are prepared to reedit e subscriptions for the above sterling
Bonds. which will form the sole External National loan of the
Republic of rraguay. at the price of NO for each 4100 stock.
5 Interest on the bonds at the rate of 0 per cent. per annum
sill be pa able In sterling blif.yearly, on the Ist January and
the Ist July, at the once of Masan Mad; MacGregor, and Co.,
London. first payment will be made in July. 1865.
0. The sum of 1:10,005 or 1 per cent. on the total aunounk 'de-
creed for the sinking fund of this Loan, together with the
Interest accruing from time to time on each bonds u have been
cancelled, will be applied to the purchase of bonda at the market
prior, so long as the quoted price is under £lOO. and by banot in
the usual manner when it reaches or exceeds that amount. thus
Insuring its itquidati.n within the period of about 3! years.
7. The Interest and stilling fund of the Loan are steered as a
charge no the general revenues of the Republic, and also by a
special hypothecation made by the law of 14th November, IsW
of certain customs and anchorage dues. The revenue derived
from these sources are stipulated to be paid weekly to Messrs.
Nana and Co, wlw will remit monthly to Morn. Matta,
Mac Gregor, and Co., London, for payment to the bondholders,
the proportion necessary for the payment of the Interest and
staktnr. fund on the External National Loan.
e. The payment. slue let January, 1061, have been regularly
received by Messrs. Matta and Os., and they use therefore able
to estimate with accuracy the annual mutest which nay be
looked for from tie hypothecated revenues.
This estimated annual amount exceeds 4100,000.
The annual amountpuired for the sinking fund and interest
of the unconverted ion of the Internal debt, and for the
£1.003,000 External National to awn, is E 90,000
5. The subscription price is 60 per cent.. say EOO sterling, for
t very 5.100 Mock. and is payable as follows :
LS on application ;
£lO „ enik ;
Zl5 „ 30th January. 1506;
ZIS „ Seth February, 1806 ;
£l5 „ SUS March, ISM.

rid
O. Discount at the rate of G per cent. par annum will be
&Doted ..n payments In !ulna anticipation.
11. In default of due payment of the instalments. reeled:2lMP
ments will he liable to forfeiture. Scrip certificateawill be bred
after allotment, and will be exebanced for hoed. as soon r pos-
sible after the cement of Use Mat Instalment ban bees Eras

I.— Ihe ituucir'eril be provided with CoiTioaZ. whkL will be
melted, free of aaperae, when ezhanatad.
13. lu aue of non-allotment the deposit will be immediately
eetumr4 without deduction or further Ilatifllty on the part of
tt agents. In default of payment In due course, previous, pay-
tarots are bible to forfeiture.

ApilTjaalo;.; • i;;;; to the annexed form will be received
anti] the loth beeember from London. and Until the 23rd idem
fmm rnontry applicant., at the office of Messrs. Mans, BscOre.
per and Co., I. Gresham home, Old Broad.street. City, or by
Mmes. P. Case nove and Co., 55, Threadneedle-street, the de
of 5 per 7ent. on the amount of stock applied for having=
Lpool-way made nits the London and Westminster Bank,
leshbary
. . . . . .

15. Tlie official documents authorising the loan may be seen
at the nth es of Messrs. Birchen). Dalrymple, Drake, and Co., 46,
Puli.imentatreet, Westmtnster. Those documents will on the
cmi; ktion ..f the loan be deposited at the Bank of England.
Dec.. 12, 1864.

MONTIVIDEAN EUROPEAN LOAN.
POIX OP APPLICATION.
left aith the Dashers, altar paymect of the preliminary
deposit.
To Meseta. Wads. Macgregor, and Co, nests for the above loan.
Gentlemen,—Baring paldr,
to the London and Westminster
E.c.k. Lotbhury, the sum of I , I hereby request that you
nth allot me g, bonds of the Monteridean European Loan.
an! I beret.; scree to accept such Bonds, or any smaller amount
tE at may he allotted to me, and to pay the further isatalsoants
thereof. scudding to the terms of the prospectua.
I am, Gentlemen.
Your ohedlent sensed,
Signature
A d dress la fall
Date