The Sun.
London, England, 1870-05-30 00:00:00

EVENING EITTION.

£600,000 or Fcs. 15,000,000, or 4,000,000 Thalers.
OUAT_ANIAN STATE RAILWAY LOAN,
I
WITH GOVERNMENT GUARANTEE.

Being balance of a Loan of £4,800,000, issued in Berlin, and
authorised by the Act of Concession voted by the Legisla-
tive Bodies and sanctioned by Decree (No. 1,516) of His
Highness Prince Charles 1., of Roumania, dated September
21st (October 3rd), 1868.

To be issued in Bonds to Bearer of Ll 5 each, or in multiples of
Four, Eight, or Ten Bonds respectively, bearing Interest at
7i per cent. per annam.
The Interest to commence from the Ist January, 1870, and to be
payable half-yearly on the Ist January, and Ist July in each
year.
The Bonds to be Redeemed at par, by the operation of an ac-
cumulating Sinking Fund, in yearly drawings. The first
drawing to take place on the Ist March following the com-
pletion of the Line from Galatz to Roumania.

Messrs. GLYN, MILLS, CURRIE and Co. are autnorised by
the Contractors of the Loan to receive subscriptions for the
above Bonds, which are issued by virtue of a Concession
granted by His Highness Prince Charles 1., of Roumania, and
approved by the Roumanian Chambers, on the 3rd of October,
1868, to provide the requisite capital for the construction of
Railways in the Principalities. A portion of the contemplated
lines has already been opened, and a further section is expected
to be opened in the course of two or three weeks, and the re-
maining lines by the end of August, and before October, 1870,
and only for a small portion of the lines, the latest time is
stipulated to be in the course of 1871. The present issue of the
Bonds is designed for the works and purchases executed, and all
particlars will be found •in the Report of the Special Commis-
sary cf the Roumanian Government, appended to this Pros-
pectus. In the same official document, a literal translation of
which is annexed, will be found in detail the various terms
and conditions of the issue. The Loan bears the immediate and
unconditional guarantee of the Roumanian Government for the
due payment of interest, and is moreover secured on the entire
property of all the conceded Railways.
The Bonds are issued at the rate of £72 per cent., being
£lO 16s. per £l5 Bond, the half-yearly Coupon of 31 per cent.
falling due Ist July, being included. The Bonds are payable by
Instalments, as follows :

£3 0 0 Application,
4 0 0 Allotment.

7 0 0 for which Scrip Certificate
will be given.

July Ist 3 4 9
Coupon due 0 11 3

MISCELLANEOUS TOPICS.

The Fenian Raid.
The news from Canada does not represent the
Fenians as making progress. Quite the reverse ; the
filibusters have not only failed in their ostensible de-
sign, but also in the more serious project which that
ostensible design only masked. Not even an Irish
leader could expect to con quer Canada with the
miserable levies who have run away at the first sight
of the colonial troops, and who are not to be kept
with their faces to the foe even by the swords and
revolvers of their officers. But the Fenian leaders
did hope that the raid might bring about
a misunderstanding between England and the United
States. This more secret object has likewise been
frustrated. President Grant l" as acted promptly, and
has been well supported by his subordinates. if no-
thing unforeseen turns up, the raid will do
more to improve the relations between England
and America than any event of late years.' A‘ to the
Fenians, the latest telegrams speak of nothihss but
defeat and discouragement—" flight, futility, and
flare."