The Sun.
London, England, 1870-05-28 00:00:00

To be issued in. Bonds to Bearer of £l5 each, or in multiples of
Four, Eight, or Ten Bonds respectively, bearing Interest at
74 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 coin-
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 of the Roumanian Government, appended to this Pros-
pectus. In the same official document, a literal translaiiOn 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 n 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
July let 3 4 9 will be given.
Coupon due 0 11 3

3 16 0

£lO 16 0 for Bond of each £l5.
In default of due payment of the respective instalments, all
previous payments will be liable to forfeiture.
After payment of the final instalment, the Scrip Certificates
will be exchanged at once for fully paid-up Bonds with Coupons
attached. The Bonds Will be issued singly or in multiples
of lour, eight, or ten, of the value of £6O, £l2O, and £l5O
respectively.
The interest is payable half-yearly, on the Ist of January and
Ist July, in London, Paris, Berlin, and Bucharest. In London
by Messrs. Glyn, Mills, Currie and Co., and the Anglo-Austrian
Bank.
The first Coupon will be payable Ist July next, and the amount
will be deducted from the final instalment when due.
The drawings for the redemption of the Bonds will take place
annually, at Berlin, on the Ist of March, in presence of the Con-
cessionaires and a Notary Public, and the Bonds so drawn will be
paid off at par on the Ist of July of every year. The first draw-
ing will take place on the Ist of March following the completion
of the line.
Taking into account the price of issue, and the advantages of
annual drawings, the Bond will yield to holders a return of fully
10i per cent. per annum.
It should be stated, as illustrating the rapid advance in credit
of the Roumanian Government, and the comparative advantages
offered to investors in the present Loan, that the 8 per cent Loan
of the Danubian Principalities, issued three years ago at 71, has
steadily risen in market value ever since, and is now quoted in
the lists of the London Stock Exchange at above 95, and the 7
per cent Danubian Loan, issued at 7$ is now at 88 to 90 percent.
Applications will be received on Monday and Tuesday next,
May 30 and 31, at the Bank of Messrs. Glyn, Mills, Currie,
and Co. •
Forms of Application may be obtained of Messrs. Glyn, Mills,
Currie and Co., Lombard-street, and of the Brokers, Messrs. J.
and A. Scrimgeour, 18, Old Broad-street.
Should the number of Bonds allotted be less than that applied
for, any 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. a

A Bond, and a Certified Copy of the Act of Concession, may
be inspected at the Offices of Messrs. Upton, Johnson, and Budd,
Solicitors, Austin Friars, E.C.

ROUMANIA STATE RAILWAY LOAN,
WITH GOVERNMENT GUARANTEE.

FORM OF APPLICATION

go be retained by Messrs. GLYN, MILLS, CURRIE and Co.)
To eSSTs. GLYN, MILLS, CURRIE and Co.
Gentlemen,
Having paid into your bank the sum of
I hereby request that you will allot me Z....
nominal amount of the above Loan, and I hereby agree to accept
the same, or any smaller amount, that may be alloted to me, and
pay the further sums due on such allotment, according to the
terms of the prospectus issued by you.
I am, Gentlemen,
Your obedient Servant,
Signature .
Address in full ....... .....
Date ika

- -
ROUMANIA STATE RAILWAY LOAN,
WITH GOVERNMENT GUARANTEE,

RECEIPT FOR DEPOSIT.

(To be retained by the Applicant.)
Received on account of the Roumanian State Railway Loan for
£600,000, the sum of £............, being the deposit required
on an application for an allotmrnt of £............, of the above
Loan.
For GLYN, MILLS, CURRIE and Co.,

£.

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