The Sun.
London, England, 1864-04-08 00:00:00

THE GENERAL CREDIT AND FINANCE COMPANY
OF LONDON (Limited)
Beg to announce that tilt), are authori4ed by the Govern-
ment of Venezuela to offer to the public a Loan for that State,
to the extent of £1,510,000 nominal Capital, upon the follow-
ing terms :
The Bonds will be issued for sums of £5OO, £2OO, and £'oo
each. They will bear interest as from the tat October, 1863,
at the rate of six percent. per annum, with Coup ms attached,
payable half-yearly, on the Ist April and Ist October. at the
Offices of the General Credit and Finance Company in Lon-
don, in sterlincr, or at the Offices of Messrs. Salomon Oppen-
helm, jun., and Co , Cologne, in thalers, at the exchange of
the day.
The price of issue is £6O 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.
£l5 on Ist August.
£l5 on Ist September, less £3 half-year's interest accrued,
due Ist October.

£6O
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 set dement of the
general financial condition of 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
e)untry,
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 pro:Teds 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 any deficiency, 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 of 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 transmitted twice a month
to the General Cre lit and Finance Company of London.
Out of the same, L 120,000 a-year will be applied to the pay-
ment the interest and redemption cr. the debt, as follows
;£OO,OOO to be applied in the first instance to the payment of
the interest.
£O,OOO to a sinking fund ; this amount being augmented
periodically by the interest on bends that shall have been
bought up or redeemed.
The sinking fund shall be applied to the purchase of Bonds
in the open market, if th price is at or below par, or to their
redemption by lot in the usual way, if above ar, yen' by year
until the whole shall have been paid off.
The first purchase or redemption to take place Ist October,

1864.
The documents relating to the authorisation of the Loan,
and the ratification of the same by the lAnstituent Assembly
of Venezuela, under date 14th January. 1861, 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, jun., and

Co. ;
Amsterdam, by Messrs. Lippmann, Rosenthal, and Co.
Prospectuses and Forms of Application may be had at 7,
Lothbury, and of the Brokers.
London, 7, Lothbury, April, 1864.

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