The Sun.
London, England, 1864-06-23 00:00:00

3. The handsome edifice erected within the last seven
Years, from designs by John Barnett, Esq., Architect, for
Xessrs. John Sarl and Sons, and situated 17 and 18, Corn-
till, directly opposite the Bank of England. These premises
are leasehold, held for 60 years, at a ground-rent of £6OO per
annum.
C The new and substantial block of offices, situated No. 63,
Great Tower-street, near Mark-lane, erected within the last
„three years, and built in the most substantial manner. It is
zreehold, and contains 55 office , besides vaults.
~p. Is one of the lard eat blocks in the City, and is situate in
!iishopsgate-street Within, opposite St. Helen's•place, and
an the centre adjoins Gresham House; this property, when
'covered, will comprise the largest and most conveniently ar-
langert offices in the City. It is leasehold for 90 years, at a
ground-rent of £l,OOO per annum.
6. The Freenold property, adjoining the above property in
zishopsgate-street Within.

VALUE OF SECURITIES.
The whole of the properties, Nos. 1,2, 3,4, and 5
before-mentioned, have been purchased by the
City Offices Company (Limited), for the sum of £365,000
-Lia addition to which they have since acquired No
6 (and some other interests , say
Increased value by an estimated outlay for new
buildings in course of erection on sites Nos. 1,
5, and 6, and alterations to No. 3

£487,000

To which add for addition ,1 contingent outlay,
say

Making a total of £500,000

INCOME AND REVENUE FROM SECIIRITFES.
Of his sum £300,000 is the amount to be raised on mort-
gage Debentures, the remaining VlO,OOO being provided by
tue City Offices Company out of Share Capital.
The whole of the Properties are adapted,
and let, or to be let, for Mercantile and
Banking Offices, &c., and the gross in-
come. including the rentals of the New
Buildings in course of erection, is esti-
mated at £59,000 per annum
Deduct for Ground Rents and Sinking
Fund (on the Leasehold portion), In-
surance, &c., say ..

13,000

Leaving £46,000 per annurn.
available as Securi. y for the Interest re-
quired on the £300,00J Debentures to be
issued ; the amount of interest so re-
quired at 5 per cent. Is

Ley.ring a Surplus Income available for
el'Lvidend on the .£2O 00 Share Capital
of £31,000
GUARANTEE OF CAPITAL AND INTEREST.
In addition to the above-mentioned properties, and this
ample surplus, both in value and income, and the covenant
Under seal in e .ch Debenture by the City Offi es Company
(Limited), 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 the
Guarantee of the Credit Fonder (Limited), and also of the
Credit Mobilier (Limited), endorsed under their corporate
seals on each Debenture.
These Debentures will be transferable in the same manner
as railway debentures by ample transfer form.
SECURITY CONVERTIBLE AT ANY
This will doubtless be appreciated by those who, whilst
Seeking a first-class home investment, free from risk or lia-
bility, are still desirous of having their capital easily c :a-
vertible in case of need, and with a view to make them alike
avalable for temporary as well as permanent investments,
application will be made to the Stock Exchange for their
quotation in the official list.
SUMMARY OF SECURITIES.
The total guarantee to the Deben ure holders of this loan
Will be as follows ;
Freehold and Leasehold Properties .... £500,000
The City Offices Company (Limited) uncalled
Capital
The credit Fonder (Limited), Capital
The Credit Mobilier (Limited), Capital 500,000

Total ......... £2,300000
Thus making these Debentures an entirely .unexueptionable,
security, and whilst colonial and foreign investments are
abundant enough, a well secured 5 per cent. English invest-
anent is very scarce ; such a security, it is believed, is now
offered, and as such is specially adapted for trusteas, bankers,
Insurance companies, mercantile and private investors.
Forms of Application are attached hereto, and may be had
at the Offices of the Credit Foncier (Limited),
and the Credit
Ilobilier (Limited), 80, Lombard. street; and of the City
Offices Company (LimitecV 70, Cornhid ; also of the Bankers,
Solicitors, and brokers.
London, 21st June, 1861.

CITY OFFICES MORTGAGE DEBENTURES.
FORM OF APPLICATION.
To the Directors of the City Offices Company (Limited).
No..
Raving paid to the Agra and Masterman's Bank (Limited),
the sum of £ being 20 per cent. on £
in value of Mortgage Debentures of the City Offices
Com-
an (Limitedupon terms o the Prosectus attached heto,
hereby subscribe for and accept such Debentures,er and
aRTee to pay the further instalments as they respectively be-
cOme due,
I am, Sir, your obedient servant,
Signature .........................
Name in fu11......................
Address ............ . .........

£ I request the amount may be made out in Debentures of
each.

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

No
Received the day of 180, on account of the
City Offices Company (Limited) (Mortgage Debenture Ac-
count). the sum of , belnz the amount required on
subscription for £ of City Offices Mortgage Deben-
tures.

X
For the AGRA and MASTER &TAN'S BANK.