The Sun.
London, England, 1868-07-17 00:00:00

THE IMPERIAL OTTOMAN BANK is prepared to
receive SUBSCRIPTIONS for the above LOAN in Lon-
don on the 16th, 17th, and 18th July instant.
Applications from the country posted on the 18th will
be received.
The subscription for bonds of this Loan will be made
upon the terms of this prospectus and of the General Bond
of his Highness the Viceroy of Egypt, which will be de-
posited in the Bank of England as security to the holders
of the Loan.
A copy of the General Bond may be inspected at the
Offices of Messrs.Bircham and Co., 46, Parliament-street,
will be obseived that, ,wlilst on the one hand this
Loan o'fferi a secure and advantageous investment to the
general public, it presents, on the other hand, the special
feature that the holders of the engagements of the Egyptian
Treasury before described are enabled, by becoming sub-
' scribers, to convert those engagements into a current, in-
terest-bearing, and marketable security, the payment of
which is guaranteed by the special revenues mentioned in
the General Fund.
The Egyptian Government (as will be seenby reference
to the Bond) has come under a solemn engagement not to
issue any further public loan for a period of five years.
In cases where no allotment is made, the deposit will be
returned within one week from the close of the subscrip-
tion, and where an allotment is made, it will be applied
towards the payment then dae.
In default of payment of the respective instalments at
their due rates all previous payments will be liable to for-
feiture.
Scrip Certificates to bearer will be exchanged against
allotment letters and bankers' receipts as soon as possible.
Scrip issued in respect of allotments made by the Impe-
rial Ottoman Bank can only be paid on and exchanged for
bonds in London. The bonds will, however, be repre-
sented in pounds sterling and in francs, and the interest
thereon and the principal will be payable at the option of
the bearer in London, Paris, or Alexandria ; in London in
sterling at par, and in Paris at the fixed exchange of 25
francs per pound sterling.
Applications must be made in the specified form, which
may be obtained at 4, Bank Buildings, Lothbury.
Subscription lists will bo opened simultaneously : in
Loudon, at the Office of the Agency of the Imperial Otto-
man Bank, as above • in Paris at the offices of the Socidt
G6edrale ; and in Alexandria, at the Offices of Messrs. H.
Oppenheim. Nephew, and Co ; also in Amsterdam, Berlin,
and Frankfort.
London, 4, Bank-buildings, Lothbury, E.°., 1868.

EGYPTIAN GOVERNMENT SEVEN PER CENT.

LOAN, 1868.

No
FORM OF APPLICATION.

To be left with the bankers after paying the preliminary
deposit of 5 per cent. on the nominal amount applied for.
To THE IMPERIAL OTTOMAN BANK.

GENTLEMEN?
Having paid to Messrs. Glyn, Mills, Currie, and Co. the
earn of £ , I hereby request that you will
allot me £ in Bonds of the above Loan, and 1
hereby agree to accept the same, or any small amount
that may be allotted to me, and to pay the further instal-
ments thereon according to the terms of the prospectus.
I am, Gentlemen,
Your obedient servant,
Name in full
Ordinary signature
Address in full
Date . .

EGYPTIAN GOVERNMENT SEVEN PER CENT.
LOAN, 1868.
BANKERS' RECEIPT.
No.

To be retained by applicant after being signed by
Received the day of 1868, on account
of the Imperial Ottoman Bank the sum of being
the deposit• required on an application for an allotment
of X bankers.
of the Egyptian Government Seven per
Cont. Loan, 1868.
X

For GLYN, MILLS, CURRIE, and Co.

Tho provisions of the Goneral D.,nd referred to above
are as follows :

I. That the loan is a public Stato loan of the Egyptian
Government.

11. That during the period of thirty years to date from
the 15th July, 1868, an annual net sum of £953,297 shall
be duly and punctually paid, without any deduction what-
ever for local or other taxes, or for any other account
whatever, to the contractors or their agent or agents, by
two equal half-yearly instalments of £476,648 10s. each.
111. That, saving only
the rights of the holders of bonds
heretofore issued, in respect of public loans, by the
Egyptian Government, the said annual sum of £953,297 is
declared to be a charge upon all and singular the revenues
of the said Egyptian Government, and, by way of guaran-
tee for the due and punctual payment of the said
annual sum of £953,297, the same is declared to be secured
specially by the customs revenues of Egypt, by the re-
ceipts from the tolls of the locks, as also by the produce of
the salt revenues, fisheries, salaisons, ex, amounting
annually to £500,000 for the customs, and to £400,000 for
the other receipts and produce enumerated above, also by
the receipts from the taxes on real property, upon tha
lesser cattle (sheep, lambs, calves), and upon the manu-
facture of oil, amounting together to £302,000, say, for the
whole of the special guarantees, £1,202,000.
IV. That the payment of the said annual sum of
£953,297 shall be made half-yearly, and so that the same
shall be in the hands of the contractors in Alexandria at
least forty days before the 15th day of January and the
15th day of July in each year.
V. That the repayment of the said loan shall be effected
by half-yearly drawings such portion of the said annual
sum of £953,297 as may be necessary to redeem the SAM
within a period of thirty years from the 15th July, 1868,
being set aside, by way of a sinking fund, for that pur-
pose.
VI. That the application of the sinking fund shall be as
follows :—The bends to be paid off shall be drawn by
lot in London, in the presence of an official delegate of
the Egyptian Government, of the agents of the contrac-
tors, and of a public notary, twice in each year—viz., in
the month cf April and in the month of October ; and the
principal secured by the bonds drawn shall be payable
with the current interest coupon thereon, on the day fixed
for the payment of the interest next following the day of
drawing, and shall be paid in London by the Imperial
Ottoman Bank, in Paris by the Socipphubewli;hed in two of
peers immediately after
ad Gdnirale and in
and Co. The
nAlexandriatahbl
eyFltitoenns
csdiriss .adOnr
adpwpEennn
ghslehi
sh pbNae
the drawing. The bonds drawn shall cease to bear
interest from the day fixed for their repayment, and the
bonds paid with the unpaid coupons attached to them
shall be immediately cancelled and remitted to the
Government.
-

VII. That the present General Bond and engagement
shall be deposited and remain for safety at the Bank of
Such
o special
his
England as security to the holders of the said loan.
VIII. That special bonds representing the said loan,
with coupons attached for half-yearly payments, shall be
bonds shall
issued s uei
g d u toed
Viceroy, who is named his representative for that purpose,
stbhye
the said
uini
s contractors.tr
o r
finance
or such other person or persons as his Highness may
authorise for that purpose, and shall bo countersigned by
the agents for the said contractors.
IX. That the contractors are specially authorised and
empowered to make a public issue on the Bourses of
Europe and Alexandria of such special bonds, the holders
of which shall have a proportionate right in the General
Bond and engagements to the extent of the sums specified
in the special bonds held by them.
X. That the annual sum of £953,297 shall be paid
equally in time of war as in time of peace, and whether the
holders of the Special Bonds be subjects of a friendly or
hostile State, and if a foreigner be the holder of such
hoods, the same shall pass to his represe,ntatives according
to the rule of succession established by the laws of the
country of which ho was a subject, and these bonds shall
be and are by these presents declared incapable of seizure,
either for claims made on behalf of his Highness or of his
Government,
XL In conclusion, his Highness formally undertakes
and engages the Egyptian Government shall not, for the
space of five years from the 11th July, 1868, issue any
public loan whatever, either on the Bourses of Europe or
in Alundria, or olseWhere•