The Sun.
London, England, 1864-03-19 00:00:00

Bank.

By virtue of a decree of the Legislative Assembly of the
Repblic of Bolivia (Upper Peru), passed at Oruro on the 3d
June, 1863, authorising the contraction of a loan, his Ex-
cellency Don Jose Maria de Ache, the Constitutional Pre-
sident, has appointed Don Avelino Aaramayo as Fiscal
Agent for this purpose, and has empowered him to borrow
*the sum of One Million sterling on the credit of the said
Republic.
The total amount authorised to be raised by the aforesaid
decree is £1,500,000 sterling, of which £1,000,000 only will
be raised at present. The remainder will be offered in the
course of next year to the then holders of the bonds of the
present issue.
The price of issue is £BB per LlOO bond, bearing an annual
interest of 7 per cent. commencing from the 15th day of
March inst., and payable at the London and County Bank,
in London, on the 15th day of March and the 15th day of
September in each year until final redemption. _ _

The loan will be payable at the London and County
Bank by instalments, at the following dates :
L 5 per cent. on application.
£lO „ on allotment.
£lO „ 15th April.
£l5 „ 16th May.
£lO „ loth June.
£l5 ~ 15th July.
£l5 „ 15th August.
£8 „ 151 h September, less the dividend of
3i per cent.

£BB
Discount at the rate of 5 per cent. per annum will be
allowed on prepayments in full, but in default of due
payment of the respective instalments, all previous pay-
ments will be liable to forfeiture.

The bonds will be redeemed at par by a sinking fund,
commencing from 15th March, 1866. They will be drawn
annually at the London and County Bank by lot in the
usual manner; the numbers of the bonds so drawn will be
notif ed by public advertisement, and the bonds themselves
paid off at the par of 4100,;;on presentation fifteen days
after the drawing,
The objects of the loan are strictly industrial. The pro-
ceeds will be applied to the formation of a credit establish-
ment at Potosi to assist exclusively the mining interests of
the State, to the construction of bridges, roads, and other
public works, with a view to develop the vast mineral
wealth, the guano trade, and the commercial resources of
the country generally.
For the due payment of the interest on this loan, and the
redemption of the principal, the Government of the Re-
public, over and above all its other resources,have specially
hypothecated the proceeds of the guano deposits, as well as
the revenues accruing from the customs of the port of
Cobija and the towns of Oruro and La Paz,
These special revenues, which amount to about £160,000
per annum, are not, nor have ever been, encumbered with
any lien, and the present loan will constitute, therefore, the
only charge thereon.
The Republic has no external debt. The internal debt
does not exceed half a million sterling, and this the Govern.
ment intend to extinguish next year by the remaining issue
of this loan.

The Government of Bolivia has covenanted to remit an-
nually to the London and County Bank the sum equal to 9
per cent. on the nominal amount of the bonds now to be
issued, as provision for the interest and sinking fund. A
sufficient amount to provide for the interest payable daring
the first two years will be left in the hands of the London
and County Bank.

The sinking fund will be yearly augmented by the addi-
tion of the amounts saved in interest on the bonds progres-
sively paid off, and the redemption of the entire debt will
be effected by the year 1889.
A. payment of 5 per cent. must be made on the amount
applied tor, to the London and County Bank, 21, Lombard-
street.

After allotment, scrip certificates will be issued to
" bearer ;" these certificates will be exchanged for bonds to
" bearer " of £lOO, £2OO, and £ iOO each, after payment of
the final instalment. Coupons will be attached to the bonds,
payable inMar3h and September, at the London and County
Bank.

The documents relating to the authorisation of this loan,
with notarial translations thereof, may be inspected at the
London and County Bank.
Applications for the loan will be received by the London
and County Bank, 21, Lombard-street; or by Messrs.
Seymourand Co., Brokers, 38, Throgmorton-street, of whom
prospectuses may be obtained. The subscription list will
be closed on the 23d inst. at Four o'clock.
London, March, 1864.

SEVEN PER CENT, BOLIVIAN GOVERNMENT

LOAN: -
POWS OP APPLICATION.
To the Directors of the London and County Bank.
N 0..... London, March, 1864
Gentlemen,—Having paid to you , being 5 per
cent, on an application for £ of the above loan,
request you to allot to that amount
of bonds, or any part thereof, which agree to ac-
cept in conformity with tho conditions of the prospectus
Gentlemen,
Your obedient servant,
Signature
Address
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