The Sun.
London, England, 1870-06-11 00:00:00

EVENING ED; !lON.

ROUMANIAN GOVERNMENT IRON
BRIDGES ANNUITY.

Government Annuity of Fs. 1,443,274, for 16 years and
36 days from 31st October-12th November, 1864, payable
quarterly, on 1-13 February, 1-13 May, 1-13 August, and
1-13 November, ,1864, of which 5 years' have been
paid.
Issue of CERTIFICATES for £434,331 13s. 4d., in
4,343 Certificates of £lOO each, and One Certificate of
£3l 13s. 4d.

(Of which 800 have been retained for the Roumanian Iron Bridges
Maintenance Company, Limited, as undermentioned.)
The sum of £434,331 13s. 4d. • represents at the exchange of Fs. 25
20c. per pound sterling, the equivalent of eleven years of the
__ _ _

above Annuity from tile 1,13 November, 1869.
Bearing 7 per cent. interest, payable in London half-yearly, on

the Ist April and last October of each year.

Redeemable at par by an accumulating sinking fund in eleven
years, by half-yearly payments commencing on the istOctober
1870, and ending on the Ist April, 1881.
Principal and Interest payable in London, at Messrs. C. Devaux
and Co.'s, 62, King William-street, City.
The Certificates, to be redeemed each half-year, are to be
drawn by lot, in January and July of each year, in London, in
the presence of a Notary Public, and one or more of the Trus-
tees (hereafter named), or their nominee.
The numbers of the Certificates drawn will be advertised in
two London newspapers.
The first drawing is to take place in July, 1870. Holders of
Scrip will be entitled to the benfit of the first drawing on pay-
ment of all the instalments on their Certificates drawn.

The first half-year's interest, and the Certificate drawn in July
next, will be payable on the Ist October, 1870. The two quarterly
instalments of 1-13 February and 1-13 May, 1870, required for
this purpose, are in hand.
The Annuity representing these Certificates it payable by the
Roumanian Government at Bucharest, in virtue of a Conventiort
and Cahier des Charges, dated 31st October-12th Novembet!,
1864, for the construction land maintenance of certain Ir6n
Bridges in Roumania.
_ _

----Phis Annuity beargirdouTne-guarantee
Ist. The guarantee of the Government by Annual insertion in
the Budget of the State.,
2nd. The hypothecation of the Revenues of the Salt Mines of
the United Roumanian Principalities. _

The Revenue of the Salt Mines was Fs. 5,462,962 96c. as per
Budget of 1868.
The number of bridges specified by the Convention is nineteen.
The Government has since, with the consent of the Concession-
naires, altered the lengsh and design of certain bridges, and
increased the number to twenty-two. Of these, nineteen have
been already opened for traffic, and the others are being pro-
ceeded with by Messrs. Brassey and Co. under contract with the
Trustees.

The term fixed for the completion of certain of the bridges
having been exceeded under a previous contract, Messrs. Brassey
and Co. have agreed to pay any penalty for this delay which the
Government may be entitled to under the Convention.

Subject to the provisions of the Convention and Cahier des
Charges, the Concessionnaires are bound to do all' that may be
necessary to maintain and keep in repair and open for traffic
each bridge for ten years from the date of such bridge being
tested and taken to by the Government.

To provide for dig obligation during the remainder of the
term, the Concessionaires will deposit eight hundred paid-up
Certificates in the hands of the Trustees: Upon such deposit
being made, any personal liability of the Concessionnaires for the
performance of this obligation is to be deemed to be at an end.
The Roumanian Iron Bridges Maintenance Company, Limited,
have entered into a contract with the Trustees to maintain and
keep in repair and open for traffic the said twenty-two Bridges,
in accordance with the requirements of the Cahier des Charges.
Under this Contract 600 of the Certificates to be retained by
the Trustees are to be applied, with the interest thereon, com-
mencing on the Ist April, 1871, in payment to the Company of
£4,000 half-yearly, and the remaining 200 Certificates are to be
retained, with interest, from the same date, by way of guarantee
for the due completion of the Contract. All these 800 Certificates
will be included in the half-yearly drawings.
The Concessiounnaires have authorised the Bank of Roumania
to receive the said Annuity from the Roumanian Government,
which the Bank has engaged to remit, when received, by drafts
at three months' date at the exchange of 25fr. 20c. per pound
sterling, to Messrs. C. Devaux and Co. foriaccount of the Trustees.
A Trust Deed has been executed, dated the 6th June 1870, by
which Messrs. Alexander Charles Louis Devaux, Thomas Brassey
the younger, and John Trevor Barkley, have been appointed
Trustees, for inter alia

Ist. The receipt of the Annuity.
2nd. The payment thereout of the half-yearly Interest Coupons
and Drawn Certificates.

3rd. The application of the 800 Certificates in manner provided
by the contract with the Maintenance Company.
It is intended to forward a copy of the Trust Deed to Bucharest
forthwith, for registration.
Messrs. C. DEVAUX AND CO.
ar e authorised to offer for public subscription the above Certifi-
cates at the price of £B6 for each Certificate of £l6O, payable by
instalments as follows ;
£5 on application ;
£lO on allotment ;
making £l5 for which Scrip will be given,
£l5 on 15th July 1870
£l5 „ Ist August „
£2O „ Ist September„
£2l „ Ist October „ from which £3 Bs. 10d. (the amount
of the October Interest Coupon, less
income tax) will be deducted.
£B6
On payment of each of these instalments, a receipt will be
given on,the Scrip.
Each Scrip will bear a number corresponding with the number
of the Certificate for which it will be ultimately exchanged.
After payment ,of the last instalment, the Scrip will be ex-
changed for fully paid-up Certificates, with Coupons attached.
In default of due payment of the respective instalments, all
previous payments will be liable to forfeiture.

The instalments may be paid in advance under discount at the
rate of 5 per cent. per annum, and in such case £3 Bs. 10d. (the
amount of the October Interest Coupon, less income tax), will be
taken in part payment. _ _

Taking into account the dates of payment of the instalments
and the operation of the Sinking Fund, the average rate of
interest exceeds 101 per eent, per annum.

Should the nnniber of Certificates allotted be less than that
applied for, the surplus of the amount paid on application will
be applied towards the payment due on allotment, and any
remaining balance will be returned forthwith.
In the event of no allotment being made, the deposit will be
at once returned in full.
The Convention and Cahier des Charges and Trust Deed have
been deposited at the Bank of England.
Copies of the same, together with copies of the Contracts with
Messrs. Brassey and Co. and the B,oumanian Iron Bridges Main-
tenance Cnmpany, Limited, have been deposited for inspection
at the offices of Messrs. C. Devaux and Co., 62, King William-
street, City; and at Messrs. Druce, Sons, and Jackson, Solicitors,
18, Billiter-street, Fenchurch-street.
Application, in the form annexed, to to be made to Messrs. C.
Devaux and Co., 62, King William-street, City.
London, 9th June, 1870.

ROTJMANIAN GOVERNMENT IRON BRIDGES

ANNUITY.

LETTER OF APPLICATION.
(To be retained by the Bankers after Payment of the Deposit).

Messrs. G. DEVAUX and CO., London.
Gentlemen,
Having paid to your credit at the London Joint Stock
Bank the stun of £.........., I request you to allot me Certifi-
cates of the Roumanian Government Iron Bridges Annuity to
the amount of £.............., and I hereby agree to accept
that amount, or any smaller sum that may be alloted to me,
and to pay the further sum due on allotment, according to
the terms of your Prospectus, dated 9th June, 1870.
Your obedient Servant,
Address in full
Date lB7O

tOUMANIAN GOVERNMENT IRON BRIDGES

ANNUITY.

BANKERS' RECEIPT.
(To be retained by the Applicant after being signed by the
Bankers.) _ _ _

June, 1870.

Received of M. , on account of
Messrs. C. DEVAUX and Co., the sum of
sterling, being the deposit on an application for an allotment
of Certificates of the Roumanian Government •Iron Bridges
Annuity to the amount of £............
For THE LONDON JOINT STOCK BANK.

Richard Hassard, Esq., 1, Westminster Chambers,
Victoria Street, S.W.

SOLICITORS.
Messrs. Combe and Wainwright, 9, Staple Inn, London
Messrs. Riceard and Soh, South Molton, Devon.
BANKERS.

The National Provincial Bank of England, 112, Bishopsgate
Street Within, London, E.C., and its Branches.
SECRETARY.
R. M. Muggeridge, Esq.
Offices : 13, Little Queen Street, Westminster, London, and
Taunton, Somerset.

Ai a safe investment English Railway Debenture Stock is well
known, and possesses at once the advantage of a fixed income
and the certainty of rapid increase in value, and consequent
augmentation of the capital invested.
The Debenture Stock now offered for subScription being an
absolute first mortgage charge on 42 miles of an English Rail-
way, passing through a rich mineral and agricultural district,
and which, when completed, will represent a total capital of
£708,700, offers an excellent investment for capitalists.
By order of the Board of Directors,
R. M. MITGGERIDGE,
Secretary.
13, Little Queen-street, Westminster, 2nd June, 1870.

DEVON AND SOMERSET RAILWAY.
Issue of £255,000 Perpetual Six per Cent. A Debenture
Stock.

NOTICE IS lIEREBY GIVEN, that the LISTS OF APPLICA-
TION for the above will be CLOSED THIS DAY (SATURDAY),
the 11th inst., for London, and on MONDAY, the 13th inst., for
country applications.

For the Devon and Somerset Railway.
R. M. MIJGGERIDGE, Secretary
13, Little Queen-street, Westminster, London, 11th Tune, 1870.

BATHING SEASON.
ST.LAWRENCE-ON-SEA, ISLE OF THANET.

rMr. W. CLEMSON begs to inform the nobility and gentry that
he is now prepared to enter .into arrangements for the forth-
coming season for the Private Houses attached to and served
from (if required) the GRANVILLE HOTEL. Rents for the
season, from £250 to £4OO. The above houses are being Fur-
nished from the most recent designs of E. Welby Pugin, Esq.
N.B.—Ramsgate is the nearest station on both lines.

THORLEY'S HORSE and CATTLE SPICE,
In Penny Packets only, of all Corn Chandlers in London, and
Of all Grocers, Druggists, and Corn Dealers in the ►_ountry.

FRESH MEAT PRESERVATIVE (Perry's
Patent).—The only effectual and simple
means by which Meat, Fish, Poultry,
Butter, &c., can be kept sweet and
sound in the hottest weather.

NO HOUSE, HOTEL, or SHIP should be
without it. Vide opinions of the
Press.
Sold in Jars, at 3s. 6d. per gallon, by
all grocers and oilmen.—Depot, 66, St.
Johu-street, West Snaithdeld, E.C.

BEWARE OF IMITATIONS.—Every Wheel
bears the Name.

F ITCH'S PATENT FIRE WHEELS.
rtiE ONLY REALLY EFFECTIVE FIRE LIGHTER.

ONE WHEEL will light a fire without wood or
paper.

ONE WHEEL will boil three pints of water in a
few minutes.

ONE WHEEL will cook a rasher of bacon,
chop, or steak.

ONE WHEEL will burn half an hour.

SOLD EVERYWHERE. FOUR A PENNY.

Manufactured only by
HILL & CO., CALEDONIAN WORKS,
BELLE ISLE.
LONDON, N YORK-ROAD,
.KING'S CROSS,