The Sun.
London, England, 1860-12-14 00:00:00

1860:

IMPERIAL TURKISH SIX PER CENT.
LOAN.
(Sanctioned by special Firman of his Imperial Majesty the
Sultan.)

Messrs. T. Mires & Co., the Contractors for fL Turkish Loan, I
have instructed the London Agency of the Bank of Turkey
to receive subscriptions on account of the 125,000,000 Francs,
or £5,000,000 sterling, offered to the public at Paris, London,
Antwerp, Brussels, Amsterdam, and Hamburg.
This Loan will be redeemed at Par by means of a sinking
fund, in 36 Years, in half-ye trly drawings, the first drawing,-
to take place in June, 1961, and the obligations drawn will
be paid at Par, on the Ist July following-, with interest.
Special revenues are assigned for the payment of interest
and sinking fund, which revenues were farmed last year for
£1,282.560 sterling. This amount will be sent in equal
monthly remittances to the Contractors, or their represnta-
tives. The above amount exceeds the requirement?e, and
the balance will be handed over to the Turkish Finance
Minister.
The Contractors, with the approval of the Turkish Govern-
ment, have appointed four Commissioners at Constantinople
to receive the Revenues; as well as four at Paris ; and the
London Directors of the Bank of Turkey, to see to their ap-
lication. The duties of this Commission will be confirmed
by an Imperial Firman.
The Loan will be represented by obligations of the Turkish
Government of 500 Francs, or £2O sterling, bearing Interest,
at the rate of 6 per cent. per annum, payable half-yearly, at
either London or Paris ; and these obligations will be issued
at the price of 312'50 Francs or £l2 10s. sterling, and will be
redeemed at the rate of 500 Francs, or £2O sterling. Interest
to commence on the Ist January, 1861.
Obligations of a larger denomination may be had, if re-
quired,
These obligations will be issued on the following condi-
tions, calculated on the price of issue, viz. :

20 per cent. as deposit on application.
16 „ within 10 days of allotment.
~ before the 30th January, 1861.
16 „ 28th February, 1861.
16 „ „ 2lst March, 1861.
16 „ 30th April, 1861.
Any parties desirous of paying, their obli,ations in full will
be entitled to a deduction of 4s. at the time of allotment.
On default of payment of any instalments at the time
named, previous payments to be forfeited.
The deposits on application will be carried to the credit of
each Subscriber, and, in the event of such deposit exceeding
the amount payable upon allotment, the balance will be im-
mediately returned.
The Drawings of the Obligations will be conducted in the
usual manner, in the presence of the Ambassador of the
Sublime Porte, in London or at Paris. the Contractors of the
Loan or their representatives, and a Notary Public.
The numbers of the Obligations drawn will be advertised
in one or more of the daily papers in London and at Paris.
Applications for allotment to be sent to the—
Agency of the Bank of Turkey, 61, Moorgate-street ;
Messrs. Robarts, Lubbock, and Co., Mansion-Housc• st. ;
Union Bank of London, Princes-street.
Forms of Application may be obtained of the above, or
from
Messrs. J. Hutchinson and Sons, Angel-court ;
Messrs. Ricardo, 11, Angel-court.