The Sun.
London, England, 1861-07-11 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 before Twelve
o'clock, TENDERS for a 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 £5OO 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,
sealed, at the Chief Cashier's Office, Bank of England, and.
the 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
for must at the same time be paid at the same office, to be re-
turned in the event of the tenders not being accepted, and
parties 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 19th of July, 1861, as,
when added to the deposit paid, on the tenders being de-
livered, will leave £BO for each £lOO of stack to be paid, as
under, viz.:—
£2O per cent. on Tuesday, the 20th of August, 1861; •
£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 will be al-
lowed a discount at the rate of 5 per cent per annum upon
x Council
theo env e
then t olfuthhejruecely:
the anticipated payments.
The dividend payable, on the sth of January, 1862, to be a
pro-
posed to be raised, the tenders,
six months' dividend upon the capital amount of stock con-
tracted for on the said 12th July.
Due notice will be foraP t of
larger
ae
rngdoerr tenders (atm
amount
aoor
ta
tbho
avoe theth a
tmi ni
price to be fixed by the Secretary of State for India in
pro rata diminution.
and these will be
will be subject to aat the lowest price accepted,
July, 1861, delivered
*even when the scrip receipts are ready,
their order, at the
For each instalment after th
only to the parties entitled, or to
England. Office, at the Bank of
is due on the 19th of Jeufl payment of the first, which
stock will be created for the contributors. proportional amount of
first instalment, including the deposit,nuors. The stock for the
same time with that which will bduotno be created at the
No tender will be received after 12 o'clock oenlatshte. said 12th
day of July, nor unless upon a printed form, which must not
be enclosed in an envelope.
This form may be obtained at the Chief Cashier's. Office,
Bank of England, or of Mr. Henry Scott, the Broker to the
Secretary of State for India in Council, 16, Throgmorton-
street, London, E.C.
J. COSMO MELVILL.

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