The Sun.
London, England, 1869-12-03 00:00:00

BUCHAREST and GIURGEVO STATE
RAIL WAY BONDS
For 10,975,122 f. 55c., at the ezchango of 25f. 20c. (.£435,520
14s. Bd.) IN BONDS OF £lOO EACH (2,5201.),
Bearing 7 per cent. Interest from the Ist Ist (13th) Janu-
ar,-' 1870, payable half-yeaey on let (13th) January and
Ist (13th) July in each year. •
Redeemable at par, by an accumulating Sinking Fund, in
Seven Years, by payments commencing on the Ist (13th)
July, 1870, and ending on the Ist (13th) January, 1877,
by Half-yearly Drawings in April and October in each

year
Principal and Intnest payable at the Bank of Roumania

in "Bil eh arest.

The Bank of Roumania has engaged to remit half-
yearly, out of the funds received from the Government,
the amount necessary for the payment in sterling of all
Coupons and Drawn Bonds presented iu Loudon.
Coupons (£3 10s. each) and Drawn Bonds must be
lodged for payment in London with Messrs. O. Devaux
and Co. 21 days before payment is due.
The Bonds, to be redeemed every half year, are to be
drawn by lot in the months of April and October in each
year at the Ministry of Finance, at Bucharest, in the pre-
sence of a Public Notary, of an Agent of the Government,
and the Agent of the Bank of Roumania.
The first drawing is to take place in April, 1870.
Holders of Scrip Certificates will be entitled to the benefit
of the first drawing on payment of all the instalments on
their Bonds drawn.

A copy of the Bond to be delivered is printed for re-
ference.

These Bonds bear a threefold guarantee :-
1. The guarantee of the Government, by annual inser-
tion in the Budget of the State.
2. A first mortgage on the revenues of the Railway it-
self, which was opened for public traffic on the Ist Novem-
ber last.

3. The gross revenues of the salt mines of the *United
Roumanian Principalities, subject to a first charge of
1,443,274 f. (about X 57,720) per annum.
The gross revenue of the salt mines was 5,462,962 f. 96c.
0218,500) as per budget of 1868.
Messrs. C. DEVAUX and Co. are authorised to offer
for public subscription the above Bonds at the price of
490 for each Bond of £lOO, payable by instalments as
follows :

£5 on application ;
£lO on allotment;

tcgether £l5 ; for which a Scrip Certificate will be given.
£l5 2d January, 1870)
£2O 2d March „ On payment of each of these
£2O 2d May „ I
instalments, a receipt will
£2O 2d July „ be given on the Scrip Cer-
-- tificate.

in all £9O
Each Scrip Certificate will bear a number correspond-
ing with the number of the Bond for which it will be ulti-
mately exchanged.
Aft,.r payment of the final instalment, the Scrip Certifi-
cates will be exchanged for fully paid-up Bonds with all
Coupons attached. In default of due payment of the re-
spective instalments, all previous payments will be liable
to forfeiture.

The instaltnents may be paid in advance under discount
at the rate of 5 per cent. per annum.
Taking into account the delay in the payment of the
instslmeuts, the net cost of the Bond is equivalent to £BB
Gd., at which price, including the operation of tho
Sinking Fund, it will yield an average rate of interest ex-
ceeding 101 per cent. per annum.
Should the number of Bonds allott.d be less than that
applied for, any surplus of the amount paid on applica-
tion will be applied towards the payment due on allot-
ment; and any remaining balance will be returned forth-
with. _ _

.. ----
In the event of no allotment being made; the deposit will
be at once returned in full. _ _ _

The General Bond has been deposited at the Bank of
England.
A certified copy has been deposited for inspection at
the Offices of Mess, s. C. Devaux and Co., 62, King Wil-
liam-street, City ; and at Messrs. Druce, Sons, and Jack-
son, Solicitors, 10, Billiter-equaro, Fenchurch-Areet.
Application, in the Form annexed, to be made to
Messrs. C. Devaux and Co., 62. King William-street, City.
London, 2d December, 1869.

BUCIIAREST AND GIURGEVO STATE RAILWAY

BONDS.

No
LETTER OF APPLICATION.
To be retained by the Bankers after payment of the
deposit.
Messrs. C. Devaux and Co., London.
GENTLEMEN,—
Having paid to your credit at the London Joint-Stock
Bank the sum of £ I request you to allot me
Bucharest and Giurgevo State Railway Bonds to the
amount of pounds, and I hereby agree
to accept that amount or any smaller sum that may be
allotted to me, and to pay the farther sum due on allot-
ment according to the terms of your prospectus, dated 2d
December, 1869. _

Tour obedient servant,
Address in full
Date

Bucharest and Giurgevo State Railway Bonds.
Banker's Receipt.
To be retained by the Applicant after being signed by the
Bankers.

No 1869.
Received of M on account of
Messrs. C. Devaux and Co., the sum of
pounds sterling, being the deposit on an application for
an allotment of Bucharest and Giurgevo State Railway
Bonds to the amount of X

For the London Joint-Stock Bank,

X