The Sun.
London, England, 1869-12-15 00:00:00

IMPERIAL 011.0 MAN LOAN, 1869.
For £12,000,000 Sterling Money, or Francs 300,000,000
effective.

Authorised by Firman of his Imperial Majesty the
Sultan.

To be issued in Bonds to bearer of .£2.0, £lOO, and £560
each, bearing interest at Six per Cent. por annum, from Ist
October, 1869, payable half-yearly in London in sterling,
in Paris, and Constantinople.
The Loan is to be redeemed in Thirty-three Years by
an accumulative Sinking Fund of One per Cont. per
Annum, the Bonds to be publicly drawn by lot, semi-
annually in Paris, in the usual manner, and paid off at
par in Constantinople, in Paris, or in Loudon in sterling.
The Dividends of this Loan, as well as the Bonds drawn
for redemption, are, by a special clause in the Convention.
declared by the Ottoman Government to be now, and at
any future time, exempt from every kind of Tax, Charge,
or Deduction.

1. Idesrs. Louis Cohen and Sons are authorised by
the Contractors to receive Subscriptions in London for
the shove Loan, at the price of £6O les. for each £lOO
Stock.

2. The Bonds will be to bearer, and will carry interest,
until cancelled, at the rate of 6 per cent. per annum, pay-
able half-yearly, on the Ist of April and the Ist of Octo-
ber in each year at Constantinople. at the Office of the
Comptoir d'Escompte de Paris, in Paris, and in sterling at
the London Agency of the Comptoir d'Escompte de Paris,
London. The first payment of interest will become due
on the Ist of April, 1870.
3. The Loan will be redeemed at par in thirty-three
years, from Ist October, 1869, by means of an Accumu-
lative Sinking Fund of one per cent. per annum. The
Bonds will be publicly drawn by lot in Paris in the usual
manner in the months of March and September in each
year, and the bonds so drawn will be payable on the suc-
ceeding Ist April and Ist October in London, in British
sterling, and in Paris and Constantinople, when the in-
terest thereon will cease. As the definitive Bonds may
not be ready for delivery before the month of March next
the first drawing will take place in September, 1870, and
will comprise an amount equal to the two first-half-yearly
drawings.
4. This Loan is secured on the general revenues of the
Ottoman Empire, and by a lien on the following revenues,
which are specially appropriated for the payment of in-
terest and principal, as follows :
To the
amount of

1. The tithes of the provinces of Aleppo
and Adana, Syria, Janina, Trebizond,
Koniah,and of the Islands of theArchi-
_ pelago
. . £1.015,000

2. lite tithes of the province of Iludavin-
diguar (District of Broussa, &c.)
3. The tithes of the province of Bosnia
(with the exception of the district of
Yeni Bazar)
4. The tithes of the province of Adin and
Menteche 105,000
5. The surplus of the taxes on sheep, &c 540,000
6. The revenues of Bagdad 225,000

Total .C 2,375,000
to meet the annual charge of interest and sinking fund of
the Loan of about £1,560,000. _ _ _

Detailed statements have been received from the Otto-
man Government of the al ove revenues, which show that
they have been continuously increasing for the past three
years, and amount to the full sum for which they aro ap-
propriated.
5. The Oitoman Government guarantee these appro-
priated revenues to be free from any prior charge, and the
same are stipulated to be paid over on collection, by the
Agents of the Ottoman Government, into the hands of the
Contractors or their representative, until they amount to
the annual sum requisite to perform the service of interest
and sinking fund of the Loan, and to be remitted to the
Contractors at the charg of the Government to Paris ; so
that each half-year, at least one month before the matu-
rity of each semi-annual payment of interest and redemp-
tion, the Contractors may be in possession in Paris of the
requisite funds for such paymant.
6. The Bonds of the present Loan will be accepted by
the Ottoman Government at par, as equal to Turkish
metallic legal curreccy, in satisfaction for any caution
monies, which may hereafter bo deposited for all engage-
ments with the Government.
__ _

7. The payments by Subscribers will be as follows:-
5 per Cent. on Application.
10 per Cent. on Allotment-
-15 per Cent. on 31st January, 1870.
15 per Cent. on Ist March, 1870.
deducting dividend
Dllance 15 10s. per Cent. on Ist of 3 per cent. less
April, 1870 English Income
Tax.

.£OO 10s.

In default of payment of the respestivo instalments at
their due dates previous payments will be liable to for-
feiture. In cases where no allotment is made the deposit
will be returned without deduction ; and where an allot-
ment is made of an amount smaller than that applied for
the surplus deposit will be applied towards the amount
payable on allotment.
8. Subscribers may on allotment, or on any subsequent
Monday or Thursday, anticipate the future instalments
under discount at the rate of 6 per cent. per annum.
. .

9. The accrued interest from-Ist October, 1869, and the
discount on anticipating the instalments render the price
of issue equivalent to abcut 51 per cent. Taking into
consideration the reimbursement cf the Bonds at 100,
by means of the Sinking Fund, the return to the Sub-
scribers will 1e equal to about 1l per cent. per annum.
10. Scrip receipts to bearer will be issued by Messrs.
Louis Cohen and Sons against allotment letters and re-
ceipts, as soon as possible. These Scrip receipts will,
after payment in full, Le exclvuged for Bonds to bearer,
as soon as they are received from the Turkish Govern-
ment.

11. Applications must be made on the annexed Form,
and will be received by—

Messrs. Louis he rn Con and Sons, 23, Throfforton-
_.._.

street, E.C.; The London Agency of the bomptoir
d'Escompte de Paris, 144, Leadenhall-street, E.C. ;
and
Messrs. P. Cazonove and Co., Brokers to the Loan, 52,
Threadneedle-street, E.C. ;
from all of whom Forms of Application may be obtained.
12. The Subscription List will be open on the 15th,
16th, and 17th December, but no application will be re-
ceived in London after three o'clock on Friday, 17th
December. Applications from the country posted on the
17th instant will be received.
13. Subscription Lists for the Loan will be opened
simulttneousl2,- in Constantinople, London, Paris, Amster-
dam, Berlin, and Hamburg; but Scrip Certificates issued
in respect of London allotments can only be paid on, and
exchanged for, Bonds in London.
Certified copies of the Imperial Firman for the Loan will
be deposited at the Bank of England, and copies of the
documents may be inspected at the office of Messrs. W.
and H. P. Sharp, 92, Gresham House Old Broad-street.
23, Throgmorton-street, E.G., 13t1 ;December, 1869.

IMPERIAL OTTOMAN SIX PER CENT. LOAN

OF 1869.

No _
LETTER OF APPLICATION,
To be left with the Bankers, after payment of tho Pre-
liminary Deposit to them of 5 per cent. on the nominal
amount applied f r.
Messrs. Louis Cohen and Sons, London.

Gentlemen,—Having paid to the London and Westmin-
ster Bank, Lothbnry, the sum of C request you to allot
to Pounds Stock in the above Loan, on the
terms of the Prospectus issued by you; and hereby
agree to accept that or any smaller sum which may be
allotted to , and to pay the instalments thereon accord-
ing to the terms of your prospectus of the 13th Decem-
ber, 1869

Your obedient Servant,
Signature
Name in full
Address in full
Date December, 1869.
I Addition to be filled up if the Applicant wishes to pay
in full.)
desire to pay up subscription in full, receiv-
ing discount thereon at the rate of £6 per cent, per an-
num.

Signatnr©

BANKERS' RECEIPT,
To be Retained by the Applicant, after being Signed by
the Bankers.

December, 1869.

Received of the sum of pounds sterling,
being the deposit on application for an allotment of
in the Imperial Ottoman Six per Cent. Loan
.of 1869.

For the London and Westminster Bank.

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