The Sun.
London, England, 1862-08-01 00:00:00

THE EGYPTIAN LOAN.

Subjoined is an abstract of the not;ce put forth
yesterday afternoon for ►he issue of an additional
sum of £1.097,600 Egyptian bonds to the holders
of the existing loan of £2,195,200. Every possessor
of £2OO of the old* stock will thus be entitled to
£lOO of the new, provided application is made in
form on or before the 11th inst., after which date
no claim will on any ground be entertained. The
price of issue, reckoning dividend and allowances
of all kinds, corresponds with that of the existing
loan, Messrs. Fruhling and Goschen having strictly
preserved in this matter the utmost rights of their
original clients :
" EGYPTIAN GOVERNMENT LOAN.

" Second issue in bonds foz £1,097,000, offered to the
holders of the first issue of 8.11 per cent, including a
coupon of 3.1 per cent., due LA of September.

" The bonds to bear interest at 7 per cent. per annum,
payable half. yearly in London. The loan to be redeemed
in 30 years by an accumulating sinking fund. The bonds
to be drawn by lot half-yearly, and paid off at 100. The
first drawing on the 6th of September, 1862.
Agents in London—Messrs. Fruhling and Goschen, 12,
Austin-friars.

" This second loan has been contracted by the Viceroy
of Egypt with the Bank of Saxe.Meiningen, in order to
complete the extinction of the floating debt of Egypt. The
circumstances under which it was contracted are stated in
an official letter written by order of the Viceroy to the re-
presentative of the bank of Saxe-Meiningen, which is pub-
lished in the public papers.
" This loan is specially secured by a second charge on
the revenues of the Delta, which amount to upwards of
£600,000, while the interest and sinking funds on the two
loans will not exceed £264,000. The Sultan's authority and
the special appropriation of the revenues of the Delta, as
security, will be stated in the bonds.

" The general bond for the sum of £1,097,600 has already
been signed by the Viceroy of Egypt, and is deposited and
will remain for safe custody in the Bank of England, for
security of the holders of the loan. A certified copy can be
inspected at the office of Messrs. Freshfields and Newman,
5, Bank. buildings.
"Under the terms of the general bond, the requisite funds
for the half-yearly interest, and sinking fund will be regu-
larly remitted to Messrs. Fruhling and Goschen in London.
" The dray ings and the half-yearly interest on the new
issue have been made to coincide with those of the first loan.
Accordingly, the bonds now offered will bear a coupon of 3I
per cent. due on the first of next month, which will be re-
ceived in part payment of the second instalment.
"Allotments will be made on the following terms :
"Every holder of £2OO of the old stock will be ent:tled to
£lOO of the new stock, provided that the application h r the
new allotment be made at the alee of Messrs. Fruhling and
Guschen on or before the 11th inst., and be accompanied
by a deposit of the bonds or certificates of the old loan held
by the applicant, which stock must remain in deposit for a
period of two clear days, when it will be returned with the
scrip of the new loan.

"Parties desirous ( f availing themselves of the option of
taking this stock must understand that no application will
be received after the 11th of August. Messrs. Fruhling
and Goschen cannot be responsible for those cases shere
the advertisemen a may have been overlooked, or the appli-
cations from any cause not sent in.

" As the applications must be accompanied by bonds or
scrip, it is particularly requested that they may not be made
by letter. All risk of loss in transmission must rest with
the applicant.

" The price of the stock will be 841, including the coupon
due the Ist of September, payable-20 per cent. on appli-
cation; 20 per cent. on Ist of September (less 31 per cent.
coupon) ; 20 per cent. on Ist of October; 211 per cent. on
let of November.

s‘ Fubscribers will have the option of paying the instal-
ments in advance on the Ist of September or Ist of October,
under a discount of 7 per cent. per annum on such pre-pay-
ments ; but, in default of due payment of the respective
instalments, all previous payments will be liable to for-
feiture.

"The drawings for redemption of the bonds will take
place in London in the presence of a notary public, every
half-year, in the months of July and January, and the
bonds thus drawn will he paid off at 100 on the Ist of Sep-
tember and the Ist of March next following. The first
drawing will, under the terms of the general bond, take
place exceptionally on the 6th of September next, and the
bonds then drawn will be paid off at 100 on the 30th of the
same month, provided that the instalments oa the corre-
sponding scrip have all been paid,"