The Sun.
London, England, 1868-11-30 00:00:00

LOAN FOR THE CHARKOW-KREMENT-
SCHUG RAILROAD COMPANY.
In Bonds bearing interest at 5 per cent. per annum for
Roubles 10,725,000 metallic, or £1,716,000 sterling, or
Prussian Thalers 11,668,800.
Interest and Sinking Fund absolutely and unconditionally
, guaranteed by the Imperial Government of Russia.
In pursuance of an edict of his Majesty the Emperor of all
the Russias, under date the 24th August o.s. last, by which
authority is given to the Railroad Company of Charkow-
Krementschu& to issue Bonds for Roubles 10,725,000
metallic, or £1,716,000 sterling, or Prussian Thalers
11,668,800, and in conformity with the instructions of that
Company, through the agency of Messes. Ephrussi and
Co. and Messrs. Raffalovich and Co., of Odessa, SUB-
FORIPTIONS for the above BONDS will be opened on
FATURDAY, the 28th November, and will close on
.TUESDAY, the Ist December, at Two o'clock p.m., at
the Office of Messrs. J. Henry Schroder and Co., in Lon-
don, and at the Office of the Disconto Gesellschaft, in
Berlin, on the following conditions:-
Ist. The Imperial Government of Russia guaran-
tees the regular payment of an annual interest of 5 per
vent. on the Bonds to be issued, payable on the Ist March
and Ist September, new style, of each year; and also the
re-imbursement by annual drawings at par, by a Sinking
Fund of one-tenth of 1 per cent., to be increased by the
interest on the Bonds redeemed, so that the whole will be
baid off within 81 years. The first half-yearly dividend
ecomes due on the Ist March, 18u9, and by the contract
approved by the Minister of Finance, the first drawing
will take place on the Ist July, 1870, of Bonds to be paid
en Ist September following.
2d. TI e half-yearly coupons and the re-imbursement of
capital will he payable without any charge or deduction at
the office of Messrs. J. Henry Schroder and Co. in Lon-
don, or in Berlin at the office of the Disconto Gessell-
Fcbaft, with 6 Th. 24 sgr. per X sterling.
3d. Bonds of the following denomination will be issued,
bearing the Imperial Russian stamp, and signed by is
Government Commissioner.

£lOO = Thalers 680
500 = „ 3,400
1,000 = „ 6,800
and in Berlin Bonds of :-
200 Thalers
in addition to the above.

4th. The amount of .£1,300,000 is reserved for sub-
Fcription in London on the following conditions :
The price of issue is 80 per cent., with interest in favour
of the subscribers from the Ist September last, payable in
the following instalments :
5 per cent. on application,
10 17 77 allotment.
15 17 11 17th January, 1869.
15 77 77 Ist March, 1869 (less Coupon).
15 77 77 Ist April, 1869.
20 77 77 10th May, 1869.

80 per cent.
Subscribers have the option of paying in full all the in-
stalments under discount, at the rate of 5 per cent. per
annum, on any day when an instalment falls due. (Reckon-
ing the accrued interest and rebate of discount, the price
is reduced to 77i per cent.)
The failure to pay all the instalments subjects all previ-
ous payments to forfeiture.
Scrip receipts will be exchanged against allotment
letters as soon as possible.
Applications will be received by Messrs. J. Henry
Schroder and Co., on Saturday, the 28th November; Mon-
day, the 30th November; and Tuesday, theist December;
but no applications will be received after Two o'clock on
Tuesday, Ist December.
The allotments will be made as early as possible after
the close of the subscription. In cases whore the amount
allotted is less than was applied for, the balance of the
deposit will be applied towards payment of the next in-
stalment, and if more than sufficient for that purpose, the
residue will b 3 returned to the subscriber.

Where no allotment is made, the amount of deposit will
be returned without delay.
145, Leadenhall-street, London,
27th November, 1868.

The Charkow arem'entschug Railway, now in course of
construction, will traverse a distance of 248 vends (about
175 English miles), and forms the connecting link of an
uninterrupted railway communication between Odessa (the
Black Sea) and Moscow and St. Petersburg.
In its route this railway pacses through the Lertile pro-
vinces of Pultawa and Charkow, which are largely pro-
ductive in grain, li seed, tallow, wool &c. This produce,
for want of proper communication by reason of the diffi-
culties of the navigation of the Dnieper, at present can
only reach the coast of the Black Sea by tedious and un-
certain transport, Odessa (as is probably well known)
being the chief outlet in the Black Sea for all Russian
produce.
In the towns of Charkow and Pultawa annual fairs arc
held, the importance of which, in point of the value of pro-
duce there disposed of, is even greater than that of the
celebrated fair of Nijni Nowgorod-
The share capital subscribed is Rs. 3,575,000. and the
Concessionaires have taken all necessary steps to ensure
an early completion of the line, which will without doubt
be one of the most lucrative in Russia.

In appreciation of these facts, his Imperial Majesty the
Emperor of All the Russias has granted the absolute and
unconditional State guarantee of interest and principal of
the .£1,716,000 Bonds authorised to be issued.