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London, England, 1864-04-11 00:00:00

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THE SUN, LONDON, MONDAY EVENING, APRIL 11, 1864.

ITENEZUELA GOVERNMENT 61X PER
CENT. LOAN—eI,S
In Bonds of £5OO, £2OO, and £lOO.

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

rEENTH ANNUAT. GENERAL
MEETING of the SHAREHOLDERS of the AGRA
and UNITED SERVICE BANK (Limited), held at the
Bank, 27, Cannon-street, E.O , on Saturday, April 2, Mt--
GEORGE GORDON MA.CPHERSON, Esq , Chairman, in
the chair.

THE GENERAL CREDIT AND FINANCE COMPANY
OF LONDON (Limited)
Beg to announce that they are authori ed by the Govern-
ment of Venezuela to offer to the public a Loan for that State,
to the extent of £1,5,0,000 mminal Capit Al, upon the follow-
ing terms :
The Bonds will be issued for sums of £5130, £2OO, and £ 00
each. They will bear interest as from the ?at October, 1861,
at the rate of six per cent. per annum, with Coup ms attached,
payable halt-yearly, on the Ist April and Ist October. at the
Offices of the General Credit and Fli.ance Company in Lon-
don, in sterling-' or at the Offices of 111,f firs. Salomon Oppen-
helm, jun., and Co , Cologne, in tnalers, at the exchange of
the day.
The price of Issue is £OO per £lOO Stock, and payment will
be required as follows :
£5 on application.
£lO on allotment, less £3 half-year's interest accrued.
£l5 on Ist June.
£ls .on Ist August.
£l5 on Ist September, less £3 half-year's interest accrued,
due Ist October.

The notice convening the meeting and the fol7owing report
and statement of acc .unta were read :

The Directors have t.) submit to the shareholders the
audited accounts for the year ended 31st December la,t, and
to report that after making ample provision for all bad and
doubtful debts, the net profits of the bank for the year
amoun•ed to £242,909 12t_i 6d. _

Out of this sum the Directors have declared, free of income
tax, two half yearly divid ads at the rate of 10 per cent. per
annum eath, and have added to the last of these a bonus of
£4 per share, thus making a return for the year of 18 per cent.
on the paid-up capital of one million sterling.
From the balance remaining the Directors have refunded
to reserved fund account the sum of £7,341 2s. 4d. taken from
it ast year, and, in consideration of the greatly extended
b,siness of the ba k, have carri. d to cre ita further sum of
X2.5,000,1hus raising that fund to £225,000. They have also
passed T he sum of £5,010 to superannuation fund, and £15,000
to balding fund, carrying forward £10,• 63 10s. 2d. to credit
of profit and loss account for the current year.
Since last annual meeting the Directors have purchased
desirable premises in Sydney, an have secured land at
Shanghai, Kurrachee, and Madras, in view to the erection of
suitab e buildings for the branches of the bank at those ports.
The present auditors being eligible for re-election, in terms
Of the deed of settlement, offer themselves accordingly.
-

Discount at the rate of 6 per cent. per annum will be allowed
on pre-payments in full. •making, with allowances, the price
of Issue under £55.
In case of non-allotment, the deposit will be returned,
Should a less amount be a lotted than that applied for, the
deposit will be made availab e towards payment on the
allotment, and the balance, if any, returned to the applicant.
The object of the Loan is to effect a setlement of the
general financial condition ot the country, to assist in mak-
ing roads and imnroved communications, inland and coast-
wise, to pay off some existing claims, and generally to
develope the agricultural resources and industry of the
c iuntry.
The Loans. Interest, and Sinking Fund are secured by a
special hypothecation of the whole export duties leviable at
the ports of the Republic, La Guayra, Puerto Cabello, Mara-
caibo. and Ciudad Bolivar. These are warranted by the Go-
vernment as wholly uncharged (or that, if any claims can be
substantiated, they shall be met out of the proceeds of the
Loan), and as producing more than sufficient to meet the
charge of the present Loan. The produce of the Export
Duties last year is stated to have been £221,500, and an in-
crease is expected. In the event of anydeficienoy, the amount
is to be made good by a further special hypothecation of the
uncharged import duties at all the ports of Venezuela.
The consent ot Earl Russell has been obtained for the col-
lection of the duties -o hypothecated by her ajesty's Consuls
at he several Ports. associated with the Company's Agents,
and the requisite amount will be t ransmitted twice a month
to the General Credit and Finance Company of London.
Out of the same, 120,000 a-year will be applied to the pay-
ment of the interest and redemption o' the debt, as follows
ZlO,OOO to be applied in the first instance to the payment of
the interest.
£30,000 to a sinking fund; this amount being augmented
periodically by the interest on bands that shall have been
bought up or redeemed.
The sinking fund shall be applied to the purchase of Bonds
in the open market, it th-. price is at or below par, or to their
redemption by lot in the usual way, if above l ar, year by year
until the whole shall have been paid off.
The first purchase or redemption to take place Ist October,
1884.
The documents relating to the authorisation of the Loan,
and the ratification of the same by the Constituent Assembly
of Venezuela, under date 14th January. 186 E, with Notarial
translations, are open for inspection at the offices of the Ge-
neral Credit and Finance Company, 7, Lothbury, where
applications for the Bonds, in the annexed form, will be
received.
Applications will also be received by the London and West-
minster Bank;
By the Union Bank of London ;
And at Cologne, by Messrs. Salmon Oppenheim, jtm., and
CO. ;
Amsterdam, by Messrs. Lippman, Rosenthal, and Co.
Prospectuses and Forms of Application may be had at 7,
Lothbury, and of the Brokers.
London, 7, Lothbury, Apra, 1884.

By order of the Board,

MACKI}iTOSU BA LFOUR, General Manager.

(No. I.`,—BALANCE-SREET, DECEMBER 31, 1863.
Dg. LIABILITIES,
To paid-up capital
To Reserved Fund 192,658 17 8
To amount due by the Bank for customers'
balances, fixed deposits, acceptances, let-
ters of credit, circuira notes, ate.
To profit and lom

£10,388,349 3 1

FORM OF APPLICATION.
VENEZUELA. GOVERNMENT SIX. PER CENT. LOAN.
To the General Credit and Finance Company of London
(Limited).

£ Gentlemen,—r request that you will allot to me
in the above Loan, on which I have made the
required Deposit of 5 per Cent on £ and I
agree to accept that amount of Stock, or any less sum that
may be allotted to met and to pay the further instalments
thereon, according to the terms of the prospectus.
I am, gentlemen, your obedient servant.
Usual signature
Name in full ...
Profession
Address

£242,903 12 6