The Sun.
London, England, 1865-05-02 00:00:00

and I authorise you to place my name on the Register of
Members in respect of the Shares allotted to me.
I am, Gentlemen,
Usual Signature
Name in full
Residence in full
Profession

Date

rIPERIAL OTTOMAN FIVE PER CENT.
LOAN.
Issued under Laws of 17-29, 18-30, and 19-31 March, 1865.
Nominal Capital, 4,000,000 Medjidies d'or, or £3,636,363

Sterling, 'in Bond; to Bearer
Of .ClOO Sterling =_-- 110 Gold Medjidies = 2,500 Francs.
£5O Sterling = 55 do. = 1,250 do.
£lO Sterling =ll • do. = 250 do.
With interest at 5 per cent. per annum, payable half-yearly
on 1-13 July and 1-13 January, in sterling in London,
francs in Paris, Frankfort, and Amsterdam, and medjidies
d'or in Constantinople.
Redeemable in thirty-seven years by 1 per cent.
" Sinking Fund applied in purchase.
The First Law creates a " Grand Livre de la Dette
Generale de 'Empire Ottoman," guaranteed by the general
revenues of the Empire.
The Second Law authorises the inscription in this
"Grand Livre" of 40,000,000 medjidies d'or, to be applied
as follows :
For the conversion of the exist-

ing internal debt
For the present loan 4,000,000
Reserve, specially destined for
public works, not to be issued
sooner than 2,000,000 one
year after the present loan;
3,000,000 at the soonest after
two years; and 2,000,000 at
soonest after three years 7,000,000

40,000,000 or £36,363,363
The laws provide that no further inscription of debt is
to take place unless by a special law duly published, and
after provision has been previously made for the interest
And sinking fund of any au,eh new inscription- by sufficient
increase of revenue or reduction of expenditure.
The general debt inscribed in the " Grand Livre" is
guaranteed by the reserve fund, by the general revenue of
the empire actually free, and by an revenues previously
charged, as they become disposable by the amortisation of
the existing foreign debts, of which they constitute the
special guarantee.
The Third Law provides for the conversion of the exist-
ing internal debts, the Consolides being converted at the
rate of £lO sterling of the New Five per Cent. Stock for
each £lOO Turkish, and the other classes of internal debt
on terms the full particulars of which will be announced in
a few days, when the necessary certificates of conversion
are ready.
The price of issue for each Bond of £lOO sterling (bear-
ing interest from 1-13 January, 1865), is payable as fol-
lows:

fa
5
10
15
10
5

£5O
The Coupon of 21 per cent., due 13th July, 1865, reduces
the price of the Bond. to 47}, and Subscribers will have the
option of paying their instalments under discount at the
rate of 5 per cent. per annum on any of the days fixed for
the payment of the instalments; but in default of due pay-
ment of the respective instalments, all previous payments
will be liable to forfeiture.
After allotment, Scrip Certificates in sterling money will
be issued to bearer, by the General Credit Company, for
the portion of the loan subscribed in England, and by the
foreign agencies for the amount subscribed on the Con-
tinent.

The Continental Scrip Certificates will not be uni-
form with those issued in England until after payment of
the final instalment, when they will be exchanged for De-
finitive Bonds, which will be printed according to law in
TUrkish, French, and English.
The conversion will be effected at
The Contractor's Office Constantinople.
General Credit and Finance Company of
London (Limited)
Soci6t6 Generale Paris.
Banque de Credit et de Depots des Pays Bas Amsterdam.
Credit Anstalt of Austria
Von Erlanger and Sons ' Frankfort.
Banque de Credit Genevois
The subscription for the now loan is opened at
London
London (Limited), 7, Lothbury.
Constantinople... The Contractor's Office.
Paris
Amsterdam Banque de Credit et de Depots des Pays Bas.
Frankfort
Where applications for allotment must be addressed, ac-
companied by the prescribed deposit of 5 per coat. on the
nominal amount applied for, which may be paid at
The General Credit Company, 7, Lothbury.
London and Westminster Bank.
Union Bank of London.

Forms of Application and Prospectuses may be obtained
at the General Credit Company, 7, Lothbury, and of the
Brokers,
Messrs. Mullen, Marshall, and Co., 3, Lombard-street.
Messrs. P. Cazenove and Co., 52, Threadneedle-street.
Messrs. Laurence, Son, and Pearce, 7, Angel-court.
Copies of the laws relating to the conversion and loan
may be had at the Offices of the General Credit and Fina,nce
Company and Brokers; or at the Solicitors, Messrs. Bax-
ter, Rose, Norton, and Co., 6, Victoria-street, Westminster,
where the original documents relating to the authorisation
of the loan are deposited.

FORM OF APPLICATION, No
(To be retained by the Bankers.)
IMPERIAL OTTOMAN FIVE PER CENT. LOAN.
To the General Credit and Finance Company of London
(Limited).
Having paid to your Bankers, the sum of
X , beingthe required Deposit of 5 per Cent, on
, I request that you will allot me £
in the above loan, and I hereby agree to accept that amount,
or any sum that may be allotted to me.
Name in full
Address in full
Occupation
Date