The Sun.
London, England, 1861-02-02 00:00:00

b. . Ind la .011 tee, ArietorlaistreetW4tetnsiameeri,
~ •
- ' . zeth January, 1861.
?WE SECRETARY of STATE for INDIA in
Council gives notice that he will be prepared to receive,
on Friday, the Bth February, at or before One o'Clock, Ten-
ders for a Loan of £3,000,000, on security of Stock to be created
under the provisions of an Act of the last Session of Parlia-
ment, and to bear Interest at the rate of Five per cent. per
annum, payable half-yearly at the Bank of England, on the
sth January and 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 ofthe Stock will be kept at the Bank of England,
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. The Tenders are to be delivered in, sealed, at the
Accountant-General's Department, at this Office.
A deposit of 2 per cent. upon the amount of stock tendered
for must at the same time be paid at the Accountant General's
Department, to be returned 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 15th of February, 1861, as,
when added to the deposit paid. on the tenders being delivered,
will leave eighty pounds for each hundred pounds of stock, to
be paid as under, viz. :
£2O per cent. on Tuesday, the 12th of March, 1861 ;
£3O per cent. on Tuesday, the 3th of April, 1861 ;
£3O per cent. on Friday, the 10th of May, 1861;
but parties who so desire may pay uo in full, and will be
allowed a discount at the rate of 5 per cent. per annum upon
the anticipated payments.
The dividend payable on the sth of July, 1861, to be a six
months' dividend upon the capital amount of stock contracted
fbr on the said Bth February.
In the event of the receipt of tenders (at or above the mini- 1
mum price to be fixed by the Secretary of State for India in
Council on the Bth February) for a larger amount than that
proposed to be raised, the tenders, at the lowest price accepted,
wi!l be subject to a pro rata diminution.
Due notice will be given when the Scrip Receipts are ready,
and these will be delivered only to the parties entitled, or to
their order, at the Chief Cashier's Office at the Bank of Eng-
land, in exchange for the receipt for the first instalment.
For each instalment after the payment of the first, which
is due on the 15th of February, 1861, a proportional amount
of Stock will be created for the contributors. The Stock for
the first 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 One o'clock on the said
Bth day of February. nor unless upon a printed Form, which
must not be enclosed in an envelope.
This Form may be obtained at the Accountant General's
Department of this Office, or of Mr. Henry Scott, the Broker
to the Secretary of state for India in Council, 16, Throgmor-
ton-street, London, E.C. _ _

J. COSMO MELVILL.