The Sun.
London, England, 1868-10-05 00:00:00

SOUTH AUSTRALIAN GOVERNMENT SIX
PER CENT. BONDS PAYABLE IN LONDON.
The Bank of South Australia, 54, Old Broad-street,
E.C., is authorised by the undersigned to receive TEN-
DERS for BONDS of the SOUTH AUSTRALIAN
GOVERNMENT, to the amount of £400,000.
The Bonds, having from 26 to 35 years to run (1891 to
1903), are of the following denominational values :-
50 Bonds for £l,OOO each £50,000
300 77 500 „
2,000 100 „

£400,000

And are issued under the authority of Act No. 28, of
19th December, 1867, of the South Australian Parliament,
entitled "An Act to authorise the raising of Money f
Railway purposes." A copy of the Act may be inspected
at the office of the undersigned,
Both principal and interest are made payable in London
at the dates specified in each Bond, the interest by Coupon
on the Ist July and Ist January of each year.
The Bonds bear interest at the rate of 6 per cent. per
annum, from the let July, 1868.
The above quoted act authorises the issue of £Bll,OOO.
The present issue is time tirstportion thereof,the remaining
half will not be issued till seine time next year. Clause 5
of the Act duly provides for the payment of the interest,
and the redemption of the Bonds of this Loan, as they fall
due.
The Bonded Debt of South Australia, including the
£lOO,OOO now issued, will amount to £1,568,000, and is
secured on the general revenue of the colony, which was
as follows, according to the latest Government official
statistics in the Agent General's possession : 1862,
£5.18,709 ; 1863, £631,700 ; 1864, £775,837 ; 1865,
£1,089,128; 1866, £919,774. The high estimation in
which the South Australian Government fonds have al-
ways been held is sufficiently proved by the current quo-
tations in the market. The existing Bonded Debt is an-
nually reduced by redemption of Bonds falling due to the
extent of about £40,000 each year.
Sealed Tenders, made in accordance with the annexed
orm, will be received by the Bank of South Australia for
he whole or any portion of these Bonds—not being less
han £loo—until noon on Tuesday, the 13th October, and
ho allotment will take place at that hour in the presence
of such of the applicants as may desire to be present.
The Bonds will be allotted to the highest bidders, pro-
vided the rates offered are not below the minimum which
will be fixed by the Agent General and placed in a sealed
envelope on the table More the Tenders are opened, but
the sealed envelope will only be opened in case the Agent
General declares that the whole amount has not been ten-
dered at or above his minimum.
Tenders at a price including a fraction of a shilling other
than sixpence will not be preferentially accepted, and in
the event of an equality of Tenders beyond the amount of
these Bonds, a pro rata distribution on such Tenders will
be made. In the same way the Bonds falling duo at the
different dates will be distributed, as regards the dates, as
near as possible, amongst the successful tenderers.
Ten per Cent. on the nominal value of these Bonds must
be paid to the Bank of South Australia as soon as the al-
lotment is made, and the balance not later than Tuesday,
the 10th November, when the Bonds will be delivered.
Tenderers to whom allotment may be made can have their
Bonds earlier, if they desire it, by paying the balance less
the discount at the then rate of the Bank of England.
Forms of Tender may be obtained at the Office of the
Bank of South Australia, or of the undersigned.

FRANCIS S. DUTTON,
Agont General for the Government of South
Australia.
37, Great George- street, Westminster, Oct. 3, 1868.