The Sun.
London, England, 1864-06-24 00:00:00

IN what " Happy Land" eln I see you after the
I "Opera?" I only know of One HAPPY LAND
AI which a Gentleman may Sup—EVANS', COVENT-
"ItDEN, my dear fellow !

ISSUE of I:3no.nno MORTGAGE DEBEN-
TURES of the CITY OFFICES CO3IPANY (Limited
:rured by Special Mort age, being a first charge upon City
London Freehold andlon'g Leasehold Property ; and the
tat Ill: PYment of both Princioal and Interest guaranteed by
L'Tedit Fonder (Limited) an I Credit Mobiller (Limited).

DIRECTORS OF THE CITY OFFICES COMPANY
(Limited).
IL P. L. As`ley, Esq. (Messrs. Astiey and Co.), Nicholas-
._ sae.
xhornas Dakin, Esq., Alderman, Abehurch-lane.
Jautes Ellis, Esq., Lloyd's.
Leviek, Esq., King's Arms-yard.
.Norard Masterman, Esq. (Iles rs. Masterman, Peters, and
Co.), London
;r.,clicard arner, P
••G. Westmorland, Esq. ('. Joyce and Co.), London.
411 e Right Hon. James Stuart Wortley, London.

BANKERS.
The Agra and Masterma .'s Bank (Limited), Nicholas-
lane, E.C.
SOLICITORS,
Messrs. Hughes, Masterman, and Co., Bucklersbury.
Messrs. Edwards and Co., Westminster.
Messrs. Newbon, Evans, and Co., :Iloilolas-lane, Esq.
BROKERS.
Messrs. Laurence, Son, and Pearce, Lothbury, E.C.
Messrs. Field, Son, and Wood, 9, Warntord-court, Throg-
,,ntorton street. E
4l
essrs. Robins and Barber, Threadneedle-street, E.C.

SECRETARY.
G. W. Benwell, Esq.

PROPOSAL AND TERMS OF ISSUE.
~The Credit Fonder (Limited), in o .njuction wi h the Credit
11.1)1)111er (L mited), are prepared on behalf of and as Financ al
Agents for the City Offices Company (Limited), to receive
Subscriptions for £3,). ,e' 0 of Mor'gage Debentures at par.
sailed by the City f)ffices Company (Limited), in sums of
£250, .£5.0, or £ ,000, bear n.c.r interest at 5 per cent. per
for five
ill years ;
paid at toff at he expiration of which term the
ebentures w be par.
The terms are—

21 per Cent on subscribing.
2) „ on Ist August. The whole amount
20
~ _on Ist September. or may be paid at the
20 11,
2) on Ist November. time of subscribing
„ on Ist January, 1365.
-..__

1106 Total.
The Bankers are instructed to decline all further Subscrip-
tions when the sum of £310,4 00 nas been subscribed.
Int(Test at 5 per cent. per annum wil t be allowed on each
,
tsstament from the date d,f payment thereof, but the whole
of each Debenture may be paid up nn subscribing,
4,,d in that case ante est on 'he full amount of the Debenture
'Will commence from that date. Instalments not duly paid
VIII render previous payments liab e t forfeiture Provi-
sional Certificates A ill be issued until the last instalment be
PIA, when the Debentures will be given in exchange for
much certificates ; whe e. however, the Debentures have been
'aid in mil at once on subscribing, they will be delivered
ediate y.

INTEREST—WREN AND WHERE PAYABLE.
Warrants or Coupons for the interest will be attached to
each Debenture, p tyable quarterly, viz., on tat October, Ist
',Tann ry, Ist April, and Ist July in each year. The Coupons
Will be payable at th, Agra and Masterman's Bank (Limited),
Nicholas-lane.

...By the specific terms ofSECURITY
these Debentures they will be a
rim Charge on the whole of the undermentioned propertie
of the Company, the C moany reserving to themselves tull
Powers of Leasing and Management in such manner as they
may think beneficial.
The Freehold Premise , 25, 2NA, 26, 27, in ( lement's-
lane, Lombard-street with Nos. 9,10, and 11, in Nag's Head-
Court an i 3,4, and 5, Church-court; the whole will form a
magnificent block of new Premises.
2. The well-kn w Leasehold bock of New Offices, situ-
ated 27, Leadenhall-street, and extending back lo Lime-
street-square ; it has been erected within the last three years
from the designs of John Whichcord, Ego., and contains 120
first-class Offices, with four shops ; ha, fire-proof corridors
and stone staff' cases, and possesses the most modern improve-
toents. The lease is for 94 years, at a ground-rent of £750 per
annum.
3. The handsome edifice erected within the last seven
Years, from designs by John Barnett, Esq., Architect, for
John Sari and Sons, and situated 17 and 18
directly opposite Bank of England. These pr,emis, s
are leasehold, held for 60 years, at a ground-rent of £6OO per
annum.
The new and substantial block of offices, situated No. 63,
rest Tower-str,•et, near Mark-lane, erected within the last
three ye rs, and built in the most substantial manner. It is
freeheld, and contains 55 office , besides vaults.
'I,„.P. Is one of the lar est blocks in the Citv, and is situate in
ahopsgate-street Within, opposite St. Helen's plhce, and
in the centre wijoins Gresham House ; this • roperty, when
raVered, will comprise the largest and most cmveniently ar-
nge i offices in the City. It is leasehold for 99 years, at a
ground-rent of £4,000 per annum.
Is -. lahopsgate-s6. The Free
treet old property, .djoining the above property in
Within.
VALUE OF SECURITIES.
he whole of the properties, Nos. 1,2, 3,4, and 5
before-mention3d, h ve been purchased by the
IpifdY 4 •ffices C-mvany (Limited), for the sum of £365,000
'll dawn 'o which they have since at quiredNo
6 (and some other interests , say
Increased valu yan estimated outlay for new
buildings in course of erection on sites Nos. 1,
6, and 6, and alterations to No. 3.

32,000

93,000

TO which add for additionll contingent outlay,
say

£187,G00

Making a total of

£500,000

INCOME AND REVENUE FROM SECURITIES.
01 his sum £300,000 is the amount to be raised on mort-
Nhee Debentures, the remaining £ 0,000 being provided by
City Offi•Ts Company out of Share Capital.
The whole of the Properties are P dap!ed,
and let, or to be let, f•Jr Mercantile and
Banking Offices, &c., and the gross in-
c ‘me. the uding the rentals of the New
Buildings in course of erection, is esti-
mated at
Deduct for Ground Rents and Sinking
Fund (on the Leasehold portion), In-
surance, &C., say .. 13,000

Leaving £6,000 per annum.
available as Securi y for the Interest re-
quirea on the £300,00 P Debentures to be
Issued ; the amount of interest so re-
quired at 5 per cent. is
Leaving a Surplus Income available forr
dividend on the £2O , 00 Share Capital
of £31,010 „
GUARANTEE OF CAPITAL AND INTEREST.
IR addition to the above-mentioned properties, snd this
araple «urplus, both in value and income, and the covenant
;ruder seal in a ch Debenture by the City Oft es Company
(Liniitt.d), to duly pay both principal and interest which cove-
nant is secured by its large uncalled capital , the punctual
payment of these Debentures will be further secured by she
ktruarintee of the redit Fouler (Limited), and also of the
Credit llobilier Limited), endorsed under their corporate
seal, on eat Debenture.
These Debentures will be transferable in the same manner
is railway debentures by s mple trasafer form.
SECURITY CONVERTIBLE AT ANY TIME.
hi S will doubtless be appreciate by those who, whilst
keeki
b, ng a first-class borne investment, free from risk or Da-
llas,. are still desirous of havintr their capital easily c n-
Vertible in case of need, and with a view to make them alike
ava Table for temporary as well as p rmanent investments,
aPpl cation will be made to the Stock Exchange for their
tinotati„n in the official Us'.

SUMMARY OF SECURITIES.
The total guarantee to the Dawn ure holders of this loan
Will be as 'ollows :
Freehold and Leasehold Properties .... £500,000
The City Offices Com any (Limited., uncial d
Capital
Tee relit Fonder (Limited), Capital
The Credit Alobilier kLimited), Capital 500,000

Total £2,3n0,000
Thus making these Debentures an entirely unex eptionable
aleuritY, and whilstnial and foreign investments are
nnthint enough, a well secured 5 per cent. English invest-
"ient is very scarce ; such a security, it is believed, is now
rfered, and as sn h is specially adapted for tr st cos, bankers,
insurance c mpanies, mercantile and private investors.
Norms of Application are attached hereto, and may be bad
.4
le,'" the Offices of the Credit Fonder (Limited), and the Credit
,4140bilier (Limited), 60, I.ombard• street; and of the Lily
" Mces Company (Limited',Corahia ; also of the Bankers,
(,
olieitors, and brokers.
London, 21st June, 1161.

CITY OFFICES MORTGAGE DEBENTURES.
FORM OF APPLICATION.
To the Directors o: the City Offices Company (Limited).

No
Saving pall to the Agra and Masterman's Bank (Limited),
the stun £ being 20 per cent. on £
14 value of Mortgage Debentures of the City Offices Com-
Dan
Y (Limit. d), upon terms of tie Prospectus attached hereto.
hereby subscribe for an I accept unit Debentures, and
It
-Tree to pay the urther instalments as they respe,tively be-
come oue.
I am, Sir, your obedient servant,
Signature
Name in full
Address
Date
41 request the amount may be made out in Debentures of
each.

BANKERS' RECEIPT.
(To be retained by applicant, after being signed by bankers.)

No
Rece ved the day of 188', on account of the
City Offices Company (Limited) (Mortgage Debebture ac-
count), the sum of , beinz .he amount required on
subscription for £ of City Offices Mortgage Deben-
tures.

X
For the AGRA and MASTER WAN'S BANK.

THE CREDIT FONCIER (Limited),
FO, Lombard-street, E.C.
Capital, L 1,000,0 in 20,00 Shares of £5O each.
subscribed Capital, £500,000, in 1i,,000 Shares.
DIRECTORS.
Chairmen—The Right Hon. James Stuart Wortley.
Deputy Chairman—James Lewic', Esq.
The lion. T. C. Haliburton, Adolphe Hakim, Esq.
3t.p.
Henry I 'owns! Esq., J.P.
4,ward Warner, Esq., 31. P. John Westmorland, Esq.
Alexander Dunbar, Esq. Charles E. Newbon, Esq.
Charles Ellie, Esq.

MANAGER.
Albert Grant, Esq.
BANKERS.
Messrs. Masterman, Peters, Mildred, and Co.
Bank of London.

This Company advances money on the eeposit of Title
Deeds of approved Freehold or Leasehold Property in Great
Britain, with or w thout reerular Mortgage.
Guarantees Titles or Securities, And, as Agent, negotiates
Loan on Aloft:rage, for long or phort aeriods ; also,
Receives Money on Deposit for FIXED PERIODS ONLY,
at special rates to be agreed upon.
Communications to be addressed to the Manager.
AL FRED LOWE, Secretary.
Temporary Office, 80, Lombard-street, E.C.

THE CREDIT MOB IL IE R (Limited),
80, Lombard-street, E.C.
Capital. £1,000,000, in 20,001 Shares of £5O each.
Subs.ribed Capital, £500,000, in JOAO Shares.
DIRECTORS.
Chairman—The Right Hon. James Stuart Wortley.
The Ron. T. C. Ha'iburton, I John Westmorland, E,q.
111. p. Edward Warner, Esq., aI.P.
Alexander Dunbar, Esq. Chance Ellis, Esq.
Ado phe Hakim, 'EN Ja es Levick, Esq.
Charles E. Newbon, Esq. Henry Pownall, Esq.
MANAGER.
Albert Giant, Esq.
BANKERS.
Mears. Masterman, Peters, Mildred. and Co., London.
Messrs. Smith, Payne, and smiths, London.
Compiny is prepared to negotiate Government and
aaunicipal Loans, and to aid in carrying out Concessions.
To make advances on approved securities.
To effect the purchase and sale of Shares, Stocks, &e, and
to transact financial business generally.
Also to receive money on deoosit, for BRIEF or EX-
'
,ENuE f) per ods, on term. to be agreed upon.
Communications to be made to the Manager.
THOMAS SHORT, Secretary.
Temporary QM" LOPli?Vd-street, Lcdulcci, T.C.