The Sun.
London, England, 1870-06-22 00:00:00

1870. - •
QNDVRAS TEN PER. CENT.
GOVERNMENT RAILWAY LOAN. •
£2,500,000, in 25,000 Bonds-of £lOO eaeh.
Bearing 10 per cent. Annual Interest; payable half-yearly, viz.,
• on Ist January and Ist July.
Issued at SO per cent.; and to, be redeemed at par in sterling
within fifteen years by yearly drawings, on the 31st December
in each year, by means of an accumulative Sinking Fund of
3 per cent. per annum.
The first Drawing to take place on the 31st Deceniber, 1870.
The instalments to be paid as follows :-
15 per cent. on allotment.
10 per cent. on Ist August.
10 per cent, on let September.
15 per cent. on lst October.
•
15 per cent. on Ist November.
15 per cent. on 15th December, when Definitive Bonds,
with a Coupon of £5 payable on the Ist January
attached, will be given in exchange for Scrip:

80 per cent.

Interest will date from the Ist July.
The Instalments may be anticipated at any time, when an
Instalment falls due, under discount at the Bank of England
rate.
PROSPECTUS.
His Excellency Senor Don Carlos Gutierrez, Minister Plenipo-
tentiary for the Government of the Republic of Honduras to the
Court of St. James's, being authorised by full powers, dated 14th
March, 1870, to raise for his Government a Loan of Two Millions
sterling net, for the completion from sea to sea of the Inter-
oceanic Honduras Railway. has instructed the London and
County Bank to receive applications for the same.
The Loan will be represented by bonds to bearer of £100.44r,11.,
bearing intewestuntii redeemed at the rate of 10 per cent. per
annum, payable half-yearly, on the Ist January and lst July in
each year, at The London and County Bank.
The whole Loan will be redeemed within 15 years by an ac-
cumulative Sinking Fund of 3 per cent. per annum, to be applied
by annual drawings, the said drawings to take place on the 31st
December in each year, in the presence of the Honduras Minister
in London, a representative of Messrs. Bischoffsheim and Gold-
schmidt, and a Notary Public, and the Bonds so' drawn will be
paid within• one month thereafter.
This Loan is raised to complete the Interoceanic Railway, and
to place the line from sea to sea in thorough and efficient work-
ing order. As in the case 'of the previous .Loan,-the proceeds
of the present Loan will be paid into the hands of trustees ap-
pointed for that purpose.
The entire Railway and its revenue is mortgaged to the bond-
holders of all denominations, and the proceeds of the State
domains will be applied in a like manner.
The first section is contracted to be finished next November.
Messrs. Waring Brothers and McCandlish have undertaken,
under heavy penalty, to complete the second section at the end
of 1871, and a new contract has been signed with them to com-
plete the entire Railway Trom Puerto Caballos, on the Atlantic
coast to the Bay of Fonseca, on the racific, and deliver it over in
efficient working order in the autumn of 1872.
The Railway is under the protection of the British Government
by a treaty which declares;
In order to secure the construction and permanence
" of the route or road herein contemplated, and also to
" secure for the benefit of mankind the uninterrupted
" advantages of such communication from sea to sea
" her Britannic Majesty recognises the rights of sove-
" reignty and property of Honduras in and over the line o.f
" the said road, and for the same reason guarantees pen-
" tively and efficaciously, the. entire neutrality of the
"same. And when the proposed road shall have been
"completed her Britannic Majesty equally engages, in
"conjunction with the Republic of Honduras, to protect
"the same from interruption, seizure, or unjust co/Ills-
" cation, from whatsoever quarter the attempt may

" proceed."
Treaties signed by the Honduras Government with France and
the United States contain the same provisions.
A general Bond, executed by His Excellency Don Carlos
Gutierrez, on behalf of the Government of Honduras, wiil be
deposited at the Bank of England for security of the entire Loan,
and the Definitive Bonds of this Loan will be signed by his Ex-
cellency Dittn Carlos Gutierrez, on behalf of his Government, and
countersigned by Messrs. Bischoffsheim and Goldschmidt,
Agents of the Government in England.
Applications for the Loan will be received by the London
and Comity Bank, 21, Lombard-street, and "Branches, where
Prospectuses and Forms of Application can be obtained.
London, June 20th, 1870.

HONDURAS GOVERNMENT TEN PER CENT•
RAILWAY LOAN FOR £2,500,000.

FORM OF APPLICATION.
To be retained by the Bankers.

To His EXCELLENCY DON CARLOS, GUTIERREZ, Honduras

Minister in London. •
Per London and County Bank,

Sir,
I hereby request that you will allot to me £ Stock
of the above Loan, on the terms of the Prospectus issued, and
I hereby agree to accept that or any smaller sum which may be
allotted to me, and to pay the instalments thereon ae,ording to
the terms of your Prospectus of the 20th June, 1870.
I am,
Your Excellency's obedient servant,
Signature.......... • • • • . • • • • • • •
Address in full ..

(Addition to be filled up if Applicant wishes to pay up
in full.)
- desire to pay up - Subscription in full, receiving dis-
count thereon at the Bank of England rate now current.