The Sun.
London, England, 1860-12-18 00:00:00

COLLECTION OF THE GUARANTEES.

On the Ist (1301) March of every year, the farming of the
revenues of the Ottoman. Empire is publicly awarded by the
Minister of Finance.
In order to be admitted to compete for this farming the
candidates must be guaranteed by bankers resident at Con-
stantinople.
It is on account of this situation that the folio wing clause
was inserted in the contract :
Art. 12. The annual amount of each farmed revenue as-
signed as guarantee shall be divided into twelve parts ; each
twelfth part shall be represented by a bill to order, signed
and paid at Constantinople by the farmers and their guaran-
tees. These bonds, guaranteed in every case to the total
amount by the Imperial Government, will be delivered in
advance against receipts to the contractors, to their assigns,
or for the latter to their agents.

THE COMMISSION FOR THE LOAN.
According ti the terms of Article 12 of the contract the con-
tractors of the loan have the right of deputing representatives
who will be able to communicate with the Government. The
contractors can also rectlive direct from the hands of the far-
mers'
•guarithtees the consecutive payments of the revenues
specrally farmed for the payment of the interest and the re-
delriptioits of the loan.
/Aor the carrying out of this arrangement the Government
of his imperial Majesty has authorised the constitution of a
sPee.al Commission of twelve members, resident at Con-
stantinople, Paris, and London, who will be empowered to
'supervise—
I. The receipt of the farmed revenues assigned as guarantee.
2. The regular payment of the interest and the redemption
of the loan.
This Commission is composed as follows :

MEMBERS RESIDENT AT CONSTANTINOPLE.
M. David Glavany, banker.
Mr. Ch. S. Hanson, one of the Directors of the Bank of Turkey
at Constantinople.
M. Arland. of the firm of Arland, G. Court, and Co., of Con-
stantinople.
MEMBERS RESIDENT IN LONDON.
The Board of Directors of the Bank of Turkey, composed of
Russell Ellice, Esq., of the firm of Robarts, Lubbock, and Co.
William Gladstone, Esq., of the firm of Thomson, Bonar,
and Co.
H. G. Gordon, Esq., of the Oriental Bank.
M. L. Rodocanachi, Esq., of the firm of Rodocanachi, Sons,
and Co.

MEMBERS RESIDENT AT PARIS.
Count Simeon, Senator.
M. D non, Consul-General of Turkey.
M. ichtlin, Vice-President of the Societe Generale de Credit
Commercial et Industriel.
Isidore Fould (de Saint Denis).

REPAYMENT OF THE CAPITAL.
(Extract from the Contract.)
Art. 6. Every half-year and at least one month before the
end of each period, that is to say, in June and December, a
committee, composed of the Ambassador of the Sublime Porte
or his delegate, the representatives of the Contractors, and a
Public Notary, shall proceed, at Paris or Loudon, to the draw-
ing by lottery of the bonds to be redeemed.
An official statement of the numbers drawn shall be imme-
diately published and communicated to the Minister of
Finance at Constantinople.
These bonds are redeemable at 500 frs. in 36 years by half-
yearly drawings. The first drawing will take place in the
month of June, 1861, and the redemption of the bonds drawn
with the payment of the interest will be effected from the Ist
July, 1861.

TABULAR STATEMENT OF THE REDEMPTION OF

THE BONDS IN-THIRTY-SIX YEARS.

Ist 6,716
2nd
3rd . 7,546
4th
sth
6th ..... 8,957
76h, -. 9.5271
Bth
9th
10th
11th
12th

Years. ' Years.
13th • • 13,513 25th ii 27,193
14th ...
.823
15th
16th
17th, l7, Lk 434,329
IBth
19th
20th
21st
22nd .....„... 22,831' 34th. 45,941
23rd
24th

N EG(
The Scrip of thii
At Paris,
London,

ITIAT lON OF THE SCRIP.
Loan is negotiable In the following places :
At Brussels, At Amsterdam,
I Antwerp, Hamburg.

PAYMENT OF INTEREST.

The Bonds are of 500 fr. each, bearing an annual interest of
30fr., commencing from the Ist January, 1861, and payable on
the Ist July and let .Tanuary.
At the Societe Generale du Credit-Industriel et Commercial
at Paris.
At the Caisse Generale des Chemins de Far, Messrs. J.
Mires and Coy, at Paris.
At the Bank ofTurkey, London.