The Sun.
London, England, 1868-10-09 00:00:00

FAWN GOVERNMENT SIX PER CENT.
TOBACCO LOAN

Of 237,000,000 FRANCS, or £9,401,762.
In B.mds of 500 francs each, and Bonds of 2,500 francs
each (corn. rising five 500-franc Bonds).
Bearing interest at 6 per cent, per annum from Ist July,
168.
Redeemable at par by half-yearly drawings in fifteen
years.
Placed on the same footing as the Public Debt of the
United King.lom of Italy, and not to be subjected to
any special tax.
Principal and interest, payable in Italy, and at Paris, Lon- '
don, and Berlin, guaranteed by the Italian Government,
and specially secured upon the produce of the tobacco
revenues of Italy in accordance with the Convention of
the Italian Government, dated 25th July, 1868, sanc-
tioned by the law of 24th August, 1868.
The payments of interest and principal, both in Italy
awl at I aria, London, and Berlin, will be made in
gold.
The repayment of the principal in London will be made
at the fixed exchange of 25 francs 20 centimes to the
pound sterling.
Messrs: Stern Brothers bog to announce that they are
authorised to receive subscriptions for the above bonds,
which are issued for the purpose of effecting a loan to the
Italian Government, secured on produce of the tobacco
revenue of Italy, in pursuance of the above-mentioned
convention.
The bondd are issued by the company entitled "Soci6t6
pour la Regie co-interessee des Tabacs dans le Royaume
d'ltalie," established with a capital of fifty millions of lire
(X 2,000,000), to which has been conceded by that conven-
tion the farming of, tUe_ Italian tobacco-manufacture for
fifteen years.
The manufacture and sale of tobacco in Italy are, as is
known, exclusively reserved to the Government, and, the
profits therefrom form one of the principal sources of the
revenue of the kingdom. The returns from this source
are published monthly in the Italian Government Gazette,
from which it appears that the gross receipts in 1867
amounted to upwards of eighty-ono millions of lire. This
did not include the revenue from the Venetian territory,
which is now added, estimated at eleven millions more.
T ha-convention (Arts. 5 and 23) stipulates that the com-
pany shall retain and set apart out of the revenues of the
tobacco manufacture sufficient moneys to provide for' the
interest and sinking fund cf the bonds, prior to any pay-
ment to the Government or the shareholders.
The bonds are guaranteed by the Italian Government,
and will be countersigned by a representative specially
appointed by the Government for that purpose.
The bonds will be issued in amounts of 500 f. and 2,500 f
each (the latter comprising five of 500 f.) They will be
expressed in francs and in the equivalent amount in pounds
sterling, at the fixed exchange of 25f. 20c., at which rate
the repayments in London of the principal will be made.
The bonds bear interest at the rate of 6 per cent. per
annum; thus on each bond of 2,500 francs the annual in-
terest will be 150 francs, which will bo reduced to 136
francs 80 centimes by the deduction of the general Italian
income tax of 8.80 per cent.
The interest will be payable half yearly, on the Ist
January and Ist July, in gold, in Italy, and at Paris, Lon-
don, and Frankfort.
The bonds will bo divided into thirty series, each eon-
containing 15,800 bonds of 500 francs each, redeemable at
par, within fifteen years from the Ist January, 1869, by
thirty half-yearly drawings, the first to be made on the Ist
April, 1869. At each drawing ono entire series will be
drawn. The repayment will take place three months
after the drawing, and will be made at par (without any
deduction for tax) in Italy, Paris, London, and Frankfort.
All payments in Italy, both of principal and interest, -
will be made in gold, to the exclusion of all paper money.
The Italian Government has stipulated that the holders
of bonds shall have the option of taking at par 47,400
shares in the company, of 500 lire each, at the rate of one
share for every ten 500 franc bonds, for which purpose the
Concessionaires, having subscribed for the whole of the
100,000 shares which compose the company's capital, have
appropriated thereout 47,400 shares. The time and manner
of exercising this option will be hereafter announced.
The price of issue of the bonds in England will be at
the rate of £Bl 7s, per 2,500 f. bond, payable by the fol-
lowing instalments:—
On Application £lO 0 par bond of 2,500 francs.
„ Allotment lO 0 7)
~
„ 16th Nov., 1868 15 0
„ Ist January, 1869, 15 0 deducting £2 19s. 6d. (less
English income tax), for
Coupon of 75f., due Ist
January 1869.

„ Ist February, 1869. 15 0
„ Ist Mardi, 1869 16 7

£Bl 7
The first coupon of 75 francs per bond, falling due Ist
January, 1869, will be taken at 19s. 6d., without mak-
ing any deduction for Italian income tax, on account of
the instalment due the same day. On payment of the in-
stalment due on allotment, Scrip certificates will be de-
livered by Messrs. Stern Brothers, which will be exchange-
able upon payment in full of the instalments for the De-
finitive Bonds as soon as they are prepared.
Sub=cribers desiring-to anticipate the payment of the re-
spective instalments will have the option of doing so under
discount at 4 per cent. per annum within a week after
allotment, or on any of the days appointed for the payment
of the instalments.
Taking into account the discount on payment in full,
the Coupan on Ist January, 1869, and the half-yearly
drawing, the loan affords to subscribers an interest equal
to 9 17-16 per cent. on their investment.
Interest at the rate of 6 per cent. per annum will be
charged on all instalments in arrear, but in default of due
payment of the respective instalments, the scrip and all
previous payments will be liable to be forfeited.
In case of the allotment being for a less number of
bonds than that applied for, the surplus of the deposit will
be applied towards the instalment due upon allotment.
Should there bo a surplus beyond that instalment, it will
be returned to the subscriber forthwith.
Where no allotment is made the whole deposit will be
returned without delay.
stoerOdieniss,ttorhisubeoeuitetsue of the Definitive Bonds it will be arranged
distribute
reimbursable
at them
subscribera s
inmuch
eeach
as sfhor
0 ft
ht possibleihrety thirtyoverb ond the
shhael
half-yearly
shallyeev ae
re-
ceiverrlayl
drawings.

Copies of the convention of 25th July, 1868, the law of
24th August, 1868, and an extract from the supplementary
convention regulating the details of the bonds, can be seen
at the Italian Consulate, Old Jewry, E.C.
All applications must bo made not later than the even-
ing of Thursday, October Bth, 1868, accompanied with a
deposit of 10 per cent., to the Imperial Bank, Lothbury,
London, E C C.

Prospectuses can be obtained at London from Messrs.
Stern Brothers, Angel-court, E.C.
Subscriptions will also be received in Paris by Messrs.
A. J. Stern and Co. ; at Frankfort by Mr. Jacob S. H.
Stern ; at Berlin by Messrs. Robert Warschauer and Co. ;
in Italy at the Offices of the Sooidt6 Gendrale do Credit
Mobilier ltalien, the National Bank of the Kingdom of
Italy, and the National Bank of Tuscany.
Angel-court, London, E.C., October 5, 1868.

ITALIAN GOVERNMENT SIX PER CENT.
TOBACCO LOAN.
No
LETTER OF APPLICATION'.
(To be retained by the bankers after payment of the
deposit to them.)
Messrs. Stern Brothers, London.
Gentlemen,—Having paid to The Imperial Bank
(Limited) the sum of £ , request you to allot to
Bonds to the nominal amount of pounds
francs), in the above loan, and hereby agree
to accept that amount, or any smaller sum that may be
allotted to , and to pay the further instalments
thereon as they become due, according to the terms of
your prospectus of the sth October, 1868.
Your obedient servant,
Address in full
Date October, 1868.

NOTHING IMPOSSIBLE.
AGUA AMARELLA, restores the Human Hair
to its pristine hue, no matter at what age.
JNO. GOSNELL and CO. have at length, with the aid
of one of the most eminent Chemists, succeeded in perfect-
ing this wonderful liquid. It is now offered to the public
in a more concentrated form, and at a loiter pfico.
Sold in bottles) 38. each E also 65., 7s, 31, and 1611 ea(%)
including brush,
fled Ball Wharf, Angel-passage, 93, Upper Thames-
street, London. E.O.

FRIENDLESS AND rAtiLts.—LONDON
F !MALE PREVENTIVIC and REFORMATORY IN
STITUTION,
I3lWdent —Rot dAi*oh
COltrAiltdttONS for the support of the Homes in 1868 are ear-
liestly solicited, which may be sent to bankers, Messrs. Blon-
quet,73, Lombard street, E. 0.; Francis, Nicholls,
Committee), 14, Old Jewry Chabeis;
R Co.,
Chambers;W. THOMAS gee 206 Bitstthl,roo.i
Esq. (ofSa tt,hae

yerifeo'r CONTRII3tI
rilpHE HOSPITAL for Vt}oktN- Soho-square:
and Co.—The Committee
—Bankers: Messrs. Barclay, Bevan, mid Co.;
MSS. The
Hospital is now open on Mondays, Wednesdays, and Fri-
days to out-patients who ate treated
Bn
eosutvl
-without letters of
APPEALA!ess rsßavnesroy em a r
recommendation.
iltglt! B. ttGRAM, Secretary.

THE RESCUE SOCIEIY'S HOMES
are as follows t-
For rant% WOlilett:
28, Church-row) }lamp= 190; Re* I:tent:bud,
stead. 48, 011u1-611,-stitoti etdke
Cattitien=stteeti antdetk:- ITe di6ii
tOWn, tiaize-hill Cottage, Green-
-206, Great Portland. street. wich.
For Young Girls in Danger.
27, Church-row, Hampstead.
9, Henstridge-villas, St. John s-wood.
St. Mary's Lodge, Buckhurst-hill.
Country Home—St. James's-street, Dover.
Temporary Home-85, Queen-street, Cheapside.
In addition to the above-named homes, the Committee
have under their charge three homes for servants of good
character, in which aro admitted about 1,000 friendless
servants annually.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee ate deeply anxious to
open another house for this pitiable class.
Tho Society admitted to its homes last year 687 young
women and girls. It was compelled to refuse 524 appli-
cants, whose histories are recorded in the applicant's book.
The Society's Report (of which a contributor writes, "I
never read a report of any charitable institution which so
entirely commended itself to my mind and awoke my
sympathy") may bo had on application.
The Society is under the presidency of the Earl of
Shaftesbury. Its bankers are Messrs. Barclay and Co.
The Committee very earnestly commend its work to the
benevolent. DANL. CODPER, Soo,
85, qUetualtroot, Phoopeide.

EbtAbLitifixth*t fdt .6tilv riz m
.
woEN
during TEMPORARY ILLNESS.
The relAtiiies of Clergymen, Naval; Military, and Pro,
tes§i,dttal Men; boteinessesi acid Artisis.mayi for a. small
Weekly paynlent, redelVe the eonifdrts of a 11014 A ddm-
bined with the best Medical and surgical treatment, at the
eStAtilistationt, DO, tipper Harley-street.
TWO i to lia men *Weh Lisas Opened in 1850, is patro-
nised by her Majesty: The h 9 of London Li Visitor,
and it is managed by the Mareihoness of Ormemde the
Llidy, Laura Palmer; Mrs.. Ildvigtd the Lady
Caroline 1108:sell, Mr 4: Oedil Ildssell; and other i adieS.
All information respecting it may be obtaiiied
ten or Personal applheatiOn to the Lady Superintendent:
SutlAcriptienS, teeei,ied at the ,Inatitlitieti; and by the
Treastiter, itt 31es8f0: touts and Cefs;, trand:
W. C. SPRING RICE,

tiRITISH ORPHAN ASYLUM,
JJ, Mackenzie-park, Slough (formerly at Clapham-rise).
Instituted 1827.
Patron—Her Most Gracious Majesty the QUEEN.
For the gratuitous board, clothing, and education of
destitute orphans from all parts 01 the British dominions,
and of all denominations, whose parents were once in
prosperous circumstances.
One hundred and seventy-five orphans now in the In-
stitution ; ample room for about 30 more.
Increased support indispensable, as this Charity is not
endowed, and is in the greatest need of further pecuniary
assistance.
Subscribers and the public are invited to inspect the
Institution, and judge as to the nature of the Charity and
its peculiar claims.
The last Report can be obtained on application to the
Secretary.
THOS. TILSON, Chairman.
CHAS. LEE, M.A.
AUBREY C. PRICE, M.A.,
j)'' H°n• Secs.
ALFRED MACKENZ E, Secretary.
Offices, 73, Cheapside, London, E.O.
Bankers—Messrs. Williams, Deacon, and Co., BirchiU•
aud, )10Norp. Ilerrod, Brother, Illanchot9r,