The Sun.
London, England, 1869-03-09 00:00:00

VICTORIAN AUSTRALIAN RAILWAY
LOAN for £2,107,000, iu Five per Cent. Debentures.—
Authorised by the Victorian Parliament under the Act 32 Vic-
toria, No. 331, assented to 29th September, 1868, called " The
Railway Loan Act, 1868," for the extension of F ailways, and
secured upon the Consolidated Revenues of the Colony.
The committee of the six Associated Australian banks, as
agents for the Government of Victoria, have been instructed to
negotiate the said loan of £2.107,000.

The loan will be issued -in Debentares of £lOO, .C:500, and
£l.OOO each, bearing interest at 5 per cent., to commence from
the Ist January, 1869, and the coupons of the said loan are pay-
able on the Ist of January and Ist July in each year, at the
London and Westminster Bank and the Lon ton and Joint-Stock
Bank, where also the principal will be payable on the Ist day of
January, 1894.

Copies of the Act, with the debentures and coupons, can be
seem at the London and Westminster Bank.

The Act provides that the proceeds of the loan shall be ex-
pended in constructing a line of railway from Melbourne to
Belvoir, on the Upper Murray River. By it, a large district of
great mineral, pastoral, and agricultural wealth will be opened
up, and much of the trade of the great pastoral country, north
of the Murray, will be secured to Melbourne.

The whole of the public debt of Victoria has been contracted
for the execution of public works, which not merely develope
the resources of the country, but are reproductive in them-
selves.

Tenders in the form annexed will he received at the London
and Westminster Bank, on or before Tuesday, the 9th inst., un-
til one o'clock p.m., where and when they will be °paled, in
presence of the agents of the Government, and of such of the
applicants as may attend.
The debentures will be allotted to the highest bidders. pro-
vided the tenders are not below the minimum price, as directed
by the Government of Victoria, which will be placed on the table
In a sealed envelope.
Tenders at a price, including a fraction of a shilling other than
sixpence, will not be preferentially accepted; and should the
equivalent tenders exceed the amount of the debentures to be
allotted, a pro rata distribution will be made.

Paynient'of the debentures will be required as follows, viz.
The snm in excess of 190 per cent. on allotment, and £9O per
cent on the 28th May next.

The letters of allot-Mont will be exchanged for scrip to bearer.
Forms of tender may be obtained at the London and West-
minster Bank, the London Joint-Stock Bank, and the six Associ-
ated Australian Banks.

Forthe Bank of New South Wales D. Larnach, Chair-

man of Committee.
For• the Bank of A nstralasia .. Wm. Brown
For the Union Bank of Australia H. W. D. Saunders.
Fog the Bank of Victoria
Fog the London Chartered Bank of Australia James Fr ser.

For: the Colonial Bank of Australasia James A. Douglas,
London, March 1, 1869.

No. FORM OF TENDER.
To the Committee of the Six Associated Australian Banks, as
Agents for the Government of Victoria.
Gentlemen,— hereby tender for Debentures
of the Victoria Government, according to the annexed notice
of the Ist instant, and undertake to pay £ for every
£lO9 in Debentures, and to accept the same or any less amount
that may be allotted to and to pay for them in conformity
With the terms of the said notice.
Name
Address
1 ate ...

.... 31 arch, 1849.