The Sun.
London, England, 1860-12-22 00:00:00

TDs
.UO
aehOf the OTTOMAN EMPIRE, of 500 fr
bearthe„, withdrawable at par, issued at 312 fr. 50c., and
482111 annual interest of 30fr., or tt per cent.
Tatkis,,ntract concluded on the 29th t pct., 1860, between the
tr crthe explanatory
rattnedbuovernment and Messrs. .1. Mires arid Co., and
The f Y an firman, a loan has been effected.
con
fiat. °llowin
is
statement which precedes
act:_
'The Go .
eontracti Ternment of his Majesty the Sultan, desirous of
CaPltatiptig loan, has proposed to a company of bankers and
}tente tO sell and cede to them by contract a sum of
Would or Turkish Bonds, the interest on which at 6 percent.
at Nig ,PaYahle in the different cities of Europe, and chiefly
Th. nu London.
glioanielPerial Government, desiring also to aord every
terest and the
this loan, and to ensure the payment. of the in-
ciag"nun the redemption of the nominal capital in 36 years,
ittiytt3e'llynad undertakes to effect regular and equable monthly
s,`T ths• t° the contractors or their representatives.
the _le end and in order to fulfil the conditions of security
tilenal Government assigns as guarantee fbr payments
of the e necessary annuities fall due, the tr.eneral revenue
enn tkOan Empire,and especially the farmed revenues
mooted in A

h
GUARANTEES.
'37 fi
4851,,„ plan of his Majesty the Suit an, the farmed revenues
tl'acT „`" as guarantee, and specified in Article 9 of the con-
Th'efe confirmed.
f revenues assigned for the payment of the interest
or the yedel4tion of the loan, amount
To 141,081,543 Turkish piastres,
Or £1,'1.8•2,500 pounds sterling,
The ~„„ . Or 32,064,000 ft% in francs.
„the l'equircd for the payment of the annuities due for
4,7:)g,"trest and redemption of the loan, only amounting to
4111
of , the
Ottom surplusan Empire (Alir will be det vered to the Ministry of
the . 11).

COLLECTION OF THE GUARANTEES.
hs vz„`"e Ist (13th) March of every year, the farming of the
4444 e; of the Ottoman Empire is publicly awarded by the
or,, of Finance.
kidiGut,r to be admitted to compete for this farming the
4talit'es Must be guaranteed by bankers resident at Con-
jib, °We.
was in" account of this situation that the following clause
Art aerted in the contract
as-
tutel2. The annual amount of each farmed revenue as-
qeuth" guarantee shall be divided into twelve parts ; each
!Ind nal,Part shall be represented by a bill to order, signed
vrat Constantinople by the farmers and their guaran-
-4touherße bonds, guaranteed in every case to
.the total
414, t•iy the Imperial Government, will be delivered in
for; against receipts to the contractors, to their assigns,
in latter to their agents.

TILE COMMISSION FOR THE LOAN.
tr,actrii. lag to the terms of Article 12 of the contract the eon-
Of the loan have the right of deputing representatives
NAZI. be able to communicate with the Government. The
raere'ttrs can also rec..ive direct from the hands of the far-
% faritarantees the consecutive payments of the revenues
Y tanned for the payment of the interest and the re-
-I%,°,_t Of the loan.
rlii; carryino out of this arrangement the Government
IliectilltPerial Majesty has authorised the constitution of a
Nun Commission of twelve members, resident at Con -
111prvi08151e, Paris, and London, who will be empowered to
Plhe receipt of the farmed revenues assigned as guarantee.
'e reoular payment of the interest and the redemption
Th 7
-.8 Commission is composed as follows :
It b MEMBERS RESIDENT AT CONSTANTINOPLE.
lit pa Glarany, banker.
fiat alistanatino 8. Hnsen, one of the Directors of the Bank of Turkey
ple. •
atta"t op atel, of the firm of Arland, G. Court, and Co., of Con-
- le.
MEMBERS RESIDENT IN LONDON.
LitiBs.,",ard of Directors of the Bank of Turkey, composed of
tile it Ellice, Esq., of the firm of Roberts, Lubbock, and Co.
101:101
C Gladstone, Esq., of the firm of Thomson, Bonar,
k G o.
L: Rodocanachi, sq., of the Oriental Bank.
tti Esq., of the firm of Rodocanachi, Sons,
to„„, MEMBERS RESIDENT AT PARIS.
tjt,„Sitn4on, Senator.
41. Consul-General of Turkey.
,ViCO3Zullin, Vice-President of the Societe Generale de Credit
4ettlercial et Industrial.
"re Pould (de Saint Denis).

REPAYMENT OF THE CAPITAL.
Att (Extract from the Contract.)
sadn
ni Every half-year and at least one month before the
tornr;,,each period, that is to say, in June and December, a
,4111;',i'tee, composed of the Ambassador of the Sublime Porte
1114 delegate, the representatives of the Contractors, and a
qtk be A Wary, shall proceee, at redeemed or Lndon, to the draw-
Y lottery of the bonds to be .
~Ilitelefneial statement of the numbers drawn shall be imme-
iltlitnY Published and communicated to the Minister of
at Constantinople.
Yea,i'le bonds are redeemable at 500 ll's. in 36 years by half-
40titt drawings. The first drawing will take place in the
?1,t114,.01 June, 1861, and the redemption of the bonds drawn
""e payment of the interest will be effected from the Ist
J, 1861.
hat