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

Iwe At " Hatyy Land" can I see you after the
h"" era?" I only know of One HAPPY LAND
GARP,,,,,,„ a Gentleman may Sup—EVANS', COVENT-
my dear fellow!

188,YE of £300,000 MORTGAGE DEBEN.
Becu -LITRES of the CITY OFFICES COMPANY (Limited),
Cl by Special Mortgage, being a first charge upon City
due undou Freehold and Long Leasehold Property ; and the
the of both Principal and Interest guaranteed by
`relit Fonder (Limited) and Credit Mobilier (Limited).

DIRECTORS OF THE CITY OFFICES COMPANY
(Limited).
, P.e L. Astlev' • Esq (Messrs. Astiey and Co.), Nicholasb'-
on,•
a,748 Dakin, Esq., Alderman, Abchuroh-lane.
as les EfHs, Esq., Lloyd's.
les Leviek, Esq., King's Arms-yard.
Ea7ard 3lasterman, Esq. (Mes rs. Masterman, Peters, and
tLondon.
arci arner, Esq., M.P.
Ih. ysestmorland, Esq. (C. Joyce and Co.\ London.
" night Hon. James Stuart Wortley, London.
BANKERS.
The Agra and Mastermaifs, Bank (Limited), Nicholas-
lan e, E.C.

SC,LICITORS.
ittesSrs. 1111,,Yhes, Mar,terman and Co., Bucklersbury.
_essrs. Edwards P,nd Co , Westminster.
Alessrs. Newbon, Evans, Co., Steholas-lane, Esq.
, _eg BROKERS.
.14887* Laurence, Soo, and Pearce, Lothbury, E.C.
Morton jO.d,
etS and Wood, 9, Warntord-court, Throg-
litei;‘stre , on
Itobins and Barber, Threadneed:e-street, E.C.
SECRETARY.
G. W. Benwell, Esq.

The PROPOSAL AND TERMS OF ISSUE.
)40 ,„.credit Foncier (Limited), in conjuction wi' h the Credit
keu,Ter (Limited), are prepared on behalf of and as Financial
for the City Offices Company (Limited), to receive
hetie7iptions for L300,0u0 of Mortgage Debentures at par.
tlOO the City Offices Company (Limited), in sums of
/rm, £l,ooo, bearing interest at 5 per cent. per
•Lteb-or five years ; at the expiratiun of which term the
The ntures will be paid off at par.
terms are
22)) Per Cent. on subscribing.
20 ~ on Ist August. The whole amount
20 ~ on Ist September. or may be paid at the
20 ~ on Ist November. time of subscribing
on Ist January, 1365.
41,°() Total.
.L he Bankers are instructed to decline all further Subscrip-
int:viten the sum of X3)0,c00 has been subscribed.
lusrest at 5 per cent. per annum will be allowed on each
tko''hlent from the date cf payment thereof, but the whole
Andll,_tit 01 each Debenture may be paid up on subscribing,
8111 that case interest on the full amount of the Debenture
trut commence from that date. Instalments not duly paid
tio,Tender previous payments liable to forfeiture. Provi-
km Certificates will be issued until the last instalment be
kner when the ebentures will be given In exchange tor
I'd Certificates ;Dwhere, however, the Debentures have been
in lull at once on subscribing, they will be delivered
ediate y.

INTEREST—WHEN AND WHERE PAYABLE.
t.Vtrrants or Coupons for the interest will be attached to
eaDebenture, payable quarterly, viz., on Ist October, Ist
Ist April, and Ist July in each year. The Coupons
ue payable at the Agra and Masterman's Bank (Limited),

Rv SECURITY.
the specific terms of these Debentures they will be a
pf ',lt Charge on the whole of the undermentioned properties
powerspany, the Company reserving to themselves full
,„_ of Leasing and Management in such manner as they
-13, think beneficial.
The Freehold Premise, 25, 21A, 26, 27, in Clement's-
ecZ. Lombard-street with Nos. 9, 10, and 11. in Nag's Head-
tha7,..t. and 3,4, and 5, Church-court ; the whole will form a
2.sl,ljficent block new Premises.
atee,l2.e well-kno,..ya Leasehold block of New Offices, situ-
%tree'', Leadenb.all-street, and extending back to Lime-
ho, if square ; it, has been erected within the last three years
/hi; 'he design s of John shops;Wichrd, Esa., and contains 120
hq-class Offices, with four has fire-proof corridors
toe4l'tene staircases, and possesses the most modern improve-
kr, 8- The lease is for 91 years, at a ground-rent of .£750 per
unt
3,41.81'he handsome edifice erected within the last seven
stes from designs by John Barnett, Esq., Architect, for
8". John Sari and Sons, and situated 17 and 18Q Corn-
;directly opposite the Bank of England. These premises
ailVuemasehold, held for 60 years, at a ground-rent of £6OO per
terl. The Ore, nn new and substp ntial block of offices, situated No. 63,
cet Tower-street, nr,a4r Mark-lane, erected within the last
lte,i? Years, and built. in the most substanlial manner. It is
,nold, and contains 55 office , besides vaults.
%his one of the / &rarest blocks in the City, and is situate in
tatrPsgate-stre,et Within, opposite St. Helen s•place, and
Sne centre ad joins Gresham House ; this property, when
eed, will C'JmpriSe the largest and most conveniently ar-
groii offices in the City. It is leasehold for 99 years, at a
hd-rent of .£4,000 per annum.
114113:he Freehold property adjoining the above property in
-Pegati!.-street Within.'
The VALUE OF SECURITIES.
bef"nr,le of the properties, Nos. 1,2, 3,4, and 5
err--mentioned, hive been purchased by the
la 4,17 Offices Company (Limited), for the sum of L 365,000
„ Offices
to which they have since acquired No
ji4a nd some other interests , say
brird value by an estimated outlay for new
5., aings in course of erection on sites Nos. 1,
and 6, and alterations to No. 3

' Which add for additional contingent outlay,
aY.......... ................................

£487,000

Making a total of £500,000

INCOME AND REVENUE FROM SECURITIES.
Of his sum £300,000 is the amount to be raised on mort-
Debentures, the remainin zt 0,000 belng provided by
The
City Offices Company out of Share Capital.
whole of the Properties are adapted,
and let, or to be let, for Mercantile and
Banking Offices, tc., and the gross in-
,,come, including the rentals of the New
Buildings in course of erection, is esti-
mated
Deduct for Ground Rents and Sinking
Pund (on the Leasehold portion), In-
surance, &c., say ..

13,000

Leaving £16,000 per annum.
available as Securi y for the Interest re-
Zdred on the .£300,00a Debentures to be
n a!ied ; the amount of interest so re-
-1111 Zed at 5 per cent. is
Leavingdi, a Surplus Income available for
oilr:d'c'nd on the £2OJ, 00 Share Capital
•••-•
GUARANTEE OF CAPITAL AND INTEREST.
ablln addition to the above-mentioned properties, and this
aalle-mirplus, both in value and income, and the covenant
(L. 'r seal in 'e
.ch Di2benture by the City Offi es Company
batonied), to duly pay both principal and interest which cove-
nt Is secured by ita large uncalled capital', the punctual
Cdnienteent ofoth t tese Debentures will be fu secured by the
"arahe Credit Fond er (Limited),rther so and al of the
tMobilier (Limited), endorsed under their corporate
1p on each Debenture.
Debentures will be transferable in the same manner
-allwaY debentures by simple transfer form.
AT
RTIB
SECURITY CONVEE ANY TIME.
MS will doubtless be apprecLiate by those who, whilst
I:ilikity, a first-class home investment
theircap risk or Ha-
bi:re still desirous of having' ital easily c^n-
ltverti in case of need, and with a view to make them alike
lable for temporary as wr,ll as permanent
forminvestents,
P,W;cation will be made to the Stock Exchange their
"Otation in the official 13sr.
SUMMARY OF SECURITIES.
mill lye total gruarante',! to the Deben are holders oi this loan
„
be as follows ;
-Lreehold and LePhod Proerties
...Übe City Officea C .seom,l p any (Limited+ uncalled£soo,ooo
Capital
800,000
he redit Fonder (Limited), Capital
The Credit litobilier Limited), Capital 500,00u

----
--
- --
15,00 „

making Thus Total £2,300,000
these Debentures an entirely unexceptionable
at, purity, and whilst colonial and foreign investments are
ndant enough, a well secured 5 per cent. English invest-
tint 18 asscarcesecurity, it is believed, is now
red, an such is specially adapted for trasteas, bankers,
"tirance c )mpanies, mercantile and private investors.
at;rras o f Application are attached hereto, and may be had
k "le (Limit of the Credit Foncier (Limited), and the Credit
02bilier ed), 80, Lombard. street; and of the City
elicitor
Company (Limited), 70, Corohial ; also of the Bankers,
s and brokers.
tidon, 21st June, 1861.

CITY OFFICES MORTGAGE DEBENTURES.
FORM OF APPLICATION.
To the Directors of the City Offices Company (Limited).
No
tizaving paid to the Agra and Masterman's Bank (Limited),
sum £ being 20 per cent. on £
~4 value of Mortgage Debentures of the City Offices Com-
rTY (Limited), upon terms of the Prospectus attached hereto,
ereby subscribe for and accept such Debentures, and
ncLoe to pay the further instalments as they respectively be-
e'we due.

I am, Sir, your obedient servant,
Signature
Name in full
Address
Date .••••
tI request the amount may be made out in Debentures Ot
each.

BANKERS' RECEIPT.

(To be retained by applicant, after be signed by bankers.)

No.
Received the v.
day of 1860, on account of the
City Offices Company (Limited) (Mortgage Debenture Ac-
count), the sun. of , beinz the amount required on
subscription for £ of City Offices Mortgage Deben-
tures. •

X
For the AGRA and MASTERIIAN'S BANK.