The Sun.
London, England, 1863-03-21 00:00:00

SEVEN PER CENT. COTTON LOAN of the
CON EPEE T sTATE sof AME 1C .A for .£3,(,00,000
.s,erlin.g at ninety per cent.
The Bonds to boar interest at the ra'e of seven per cent. per
tTri in .- erli m 2.-, from !st March. 1863, payable half yearly
10 London, Paris, meterdam, or Frankfort.
The Bonds exclitm,,eable f.,r cotton on ap licstion, at the
option of !he holder, or redeemable at par in sterling in
twenty years, by half yearly drawings, commencing Ist
March, 1e64.

AGENTS FOR THE CONTRACTORS IN LONDON.

Messrs. J. Henry S,!hroder and Co., 1145, Leadenhall-street.

This Loan has been contracted with Messrs. Emile Erlanger
and Co._ Bankere, cf Paris, by the Government of U. e Corte-
derate States of America, and is specially secured by an un-
der-akiw:," of the Government to deliver cotton to ha holders
of the Bonds, on application after sixty days' notice, on the
footing aftermentioned.

The natnr7Ofiheareangement is fully set forth in Article
IV. of the Contract made with Messrs. E. Erlanger and Co.,
which is se follows :
"Each Bond sl all,at the option of the holder, be conver-
tible at its nominal amount into co ton at the rate of six-
Pence sterling for each pound of cotton, say 4,0001b5. of cotton
for each Bond of £lOO, or francs 2,500, and this at any time
not Ireer thtn six months of er the ratification of a treaty of
Peace between the present belligerents. Notice of the inten-
tion ‘,l converting Bonds into cotton has to he given to the
represent five, of the Government in Paris or London, and
'.xty days after such notice the cotton will be delivered ; if
Peace, at the ports of Charler.ton. Savannah, Mobile, or Sew
Orleans if war, at points in the interior of the country,
Within ten miles of a railroad, or stream navigable to the
Ocean. The delivery will be made free of all charges and
duties, excepting the existing export uty of one-eigh hof
One cent. per pound. The quality of the cotton to be the
standard of New Orleans middling. If any cotton is of supe-
rior or inferior quality, the difference in value shall be settled
by two Brokers, one to be appointed by the Government, the
O her by :he bondholder ; whenever these two Brok rs cannot
agree on the value, an umpire is to be chosen, whose decision
shall be final."
It is at the same time provided that Folders who do not
convert thei- Bonds into colt° . shall he entitled to retain the
Bonds, and receive interest at the rate of 7 per cent. per
annum in sterling, payable half yearly in London, Paris,
Amstercbm, or Frankfort, at the option of the holder, until
repayment of the princina• at par.
An Annual Sinking Fund of 5 per c-nt. is provided for,
Whereby 21 per cent. of the Bonds unredeemed by cotton shall
be drawn by lot half yearly ; the first drawing to take effect
An the Ist March, Mil, and to be continued on the let Sep-
tember following, and on theist March and let September in
every succeeding year, so as finally to extinguish the Loan in
twenty years from the date of the let drawing.
The Bonds to be issued at 00 per cent., which is to be paid
as follows :

5 per cent. on Apnlication.
10 „ on Allotment.
10 „ ISt \Tay.
10 „ Ist June.
10 „ Ist July.
15 „ Ist 4urust.
75 „ I.t September, less dividend 3 per cent.
15 „ Ist October.

Subscribers will have the option of paying the instalments
lu advanc o• allotment, or on any of the above dates, under
a disrount of seven per cent per annum on such rrepasment ;
but in default of due payment of the respective instalments,
all previous payments will be 'iab e to forfeiture.
[By payment under discount, the price of the cotton is re-
duced to about 51 per pound.]
After allotment scrip certificates will be issued to hearer.
These certificates, after payment of the last instalment, will
be exchanged for Bonds, to " Bearer " in sums of .£loo—£2oo
.VOl—Xl,OOO each, with coupons attached, payable Ist
March, let ptember, as stated ,hove.
Arrangements have been made for the exe ution of the
Bonds in Paris.
Pr m the proceeds of the subscription, the Contractors and
th it agents are authorised to retain sufficient funds to pay
the first two coupons.
he drawings for the operation of the sinking fund will be
duly advertised previous to the half y arly redemption.
A" authenticated ropy of the Act of Rat' leation of the Con-
tract ay be inspected either at t e offices of Messrs. Fresh-
fields and Newman. the Solicitors to the Contractors ; or of
Messrs Ctowder, Maynard, and Co., Solicitors to the Agents
of the Contractors in London.
Applications for allotment to be addressed to Messrs. J.
Henry Schroder and co., 145. Leadenhali-street ; and to the
Brokers, Messrs. Lanrerce, Son, and Pearce. Auction ' art,
from whom forms of applicati n may be obtained.
In the event of no allotment bein r made, the deposits will
be immediately returned.
A Public Subscription is simultaneously opened in Liver-
pool, Paris, Amsterdam. and Frankfort.
J. HENRY SCHRODER and CO.,
A gents to the Contractors.
145, Letdenhall-st elt, 19th March 11113.

COTTON LOAN OF THE CONFEDERATE STATES OF
AMERICA.
Form of Ap
To be forwarded to Ifessr,. J. Henry S hroder and Co., after
payment of the preliminary deposit to the ban. ers.
To Messrs J. Henry Schroder and Co , Age' is for the Con-
tractors of the Cotton Loan of the Confederate States of

America.
Gentlemen,—Having paid to Messrs. Jones, Loyd, and Co.
the sum of £ , hereby request you will allot £
of the Cotton Loan of the Confederate States of America, and
hereby agree to accept the tame, or any smaller amount
that may be alloted to , and to pay the further sum of £lO
Per cent. on the same when allotted.
Gentlemen.
Your obedient servant ,
Signature
Address in full
Date

SEVEN PER CENT. COTTON LOAN OF
THE CONFEDERATE STATES OF AMERICA, for
£1,000,000 Sterling, at 00 p-r Cent.
NOTICE IS HEREBY GIVEN, That the Subscription
List of this Loan will CLOSE at Two o'clock THIS DAY
(Saturday).
March 21, 1863.