The Sun.
London, England, 1861-07-06 00:00:00

India Office, Victoria-street, Westminster,
July 2, 1861.
THE SECRETARY of STATE for INDIA in
COUNCIL GIVES NOTICE, that he will be prepared
to receive, on FRIDAY, the 12th July. at or betore Twelve
o'clock, TENDERS fora LOAN of £4,000,000, on security of
Stock to be created under the provisions of an Act of the pre-
sent session of Parliament, and to bear interest at the rate of
5 per cent. per annum, payable half-yearly at the Bank of
England, on the sth January and the sth July in each year.
The stock not to be redeemable until sth July, 1870, but to
be redeemable at par on or after that day, upon one year's
previous notice having been given in the London Gazette"
by the Secretary of State for India in Council.
The books of the stock will be kept at the Bank of Eng-
land, where all assignments and transfers will be made. No
Stamp duties whatsoever will be charged on the transfers.
The tenders to be for the whole or any part of such loan,
but not for sums of less than £5. 0 stock, and to state what
amount of money will be given for every £lOO of the said
stock. Tenders at a price including fractions of a shilling
other than sixpence will not be accepted. Tenders by the
same person at various prices must be made out and delivered
Separately. Each separate tender is to be delivered in,
48,ea1-d, at the Chief Cashier's Office, Bank of England, and
ule amount of stock subscribed for to be written on the out-
side of the tender.
A deposit of 2 per cent. upon the amount of stock tendered Tor must at the same time be paid at the same of e, to be re-
ttirned in the event of the tenders not being accepted, and
Darties tendering must be careful not to enclose the deposit
In the sealed tender.
So much of the amount tendered and accepted to be paid at
the Bank of England, on account of the Secretary of State
for India in Council, on Friday, the loth of July, 1861, as,
Ythen added to t deposit paid, on the tenders being de-
livered, will leave £BO for each £lOO of stock to be paid, as
tinder, viz.:—
£2O per cent. tut Tuesday, the 20th of August,gBol ;
£2O per cent. on Tuesday, the 24th of September, 1861 ;
£2O per cent on Tuesday, the 22d of October, 1861;
£2O per cent. on Tuesday, the 19th of November, 1861:
but parties who so desire may pay up in full, and w 11 be al-
lowed a discount at the rate of 5 per cent per annum upon
the anticipated payments.
The dividend payable, on the sth of January, 1862, to be a
six months' dividend upon the capital amount of stock con-
tracted for on the said 12th July.
In the event of the receipt of tenders (at or above the mini-
mum price toe fixed by the Secrry of State for irt
Council on the 2t 1h Julyl for a laretager amount than thatlndia pro-
posed to be ra4sed, the tenders, at the lowest price accepted,
will be subject to a pro rat., diminution.
Due notice will b, g yen when the scrip receipts are ready,
and these will be delivered my to the parties entitled, or to
their order, at the Chief Cashier's Office, at the Bank of
England.
For each instalment after the payment of the first, which
IS due on the 19th of July, 1861, a propo,tional amount of
Stock will be created for the contributors. The stock for the
Bret instalment, including the deposit, to be created at the
same time with that which will be due on the last.
No tender will be received after 12 o'clock on the said 12th
day of July, nor unless upon a printed form, which must not
be enclosed in an envelope.
_This form may be obta'ned at the Chief Cashier's Office,
Ilank of England or of Mr. Henry Scott, the Broker to the
Secretary of State for India in Council, 16, Throgmorton-
street, London, E.C.