The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-13
"a Wall Street,


In connection with the above mentioned Banks
and Bankers and the National Bank OF Mexico we
nave entered into contract with the United States
OF Mexico Tor the conversion of its existing foreign
debt. and pursuant thereto We prepared to re.
ceivc Applications for bonds of the above issue at
"S4 per cent. Of their par value together with in.
terest accrued from July /. 1890 to time OF pay.
ment to wit $s65 II and interest per bond Of 1910
f2On.
Terms of pa ment are as follows;
per cent on application ito be returned to the ex-
tent that bonds are not sllottedJ.
Z per cent. on allotment
balance at the Opt m Of the subsortber any tina
before September /. 1922
The right is reserved to reject any application and
to allot In any nstancea smaller amount than the
amount applied for. In default Of payment in full
ny any purchaser. his allotment and any payments
hereunder will he liable to forfeiture
Pending the issue OF the dennitive bonds, trans
ferable receipts will he issued for payments and
unless bonds Of other denominations are asked for
bonds Of 600 $500 will be supplied
Inc ponds. or their proceeds, are intended exclu
sVeiy TO retire the existing foreign loans Of the
United States Of Mexico, viz: The per cent loans
OF 1899. 1890 and 1923 and the 3 per cent Tehuan
tepec loan heretofore issued in London aud Berlin
The bonds are in coupon form. and are Of the fol-
lowing den nominations:
eco equal sa7 T.. s. Gold Coin Of tho present stand
ard Of weight and hneness.
E1oo equal s4s5 L. g. Gold Coin OF the present
standard Of weight and Aneness.
f2oo equal 1910 U. 8. Gold Coin of tho present
STANDARD OF weight and fneness
$500 equal s2.425 .. s. Gold Coin of the present
standard of weight and fneness
81 900 equal s4.s5o U. s. Gold Coin of tho present
standard of weight and hneness
Tho bonds offered are secured by special hypotb.
'caton or ~ per cent. of the import and xport
duties of the United States of Mexico Tbese
duties are collected through the sale of customs
certificates by tho National Bank of Mexico and re-.
mitted direct to Mr.. s. Beichroder for account of
the issuing houses by said Bank, the Mexican Gov.
eminent being pledged to maintain 4 margin OF 10
per cent above the amounts required and to mako
up any deficiency fifteen days before m aturity of
coupons due and bonds drawn.
The entire issue of bonds Ia to be retired within
forty five years at par by semiannual drawings
the first drawing to take place In June 1900 or by
purchases in tho maket if same can be made at
under par.
After July. 1909, the amount OF any drawing may
be increased. the entire loan may be paid of ON
three months notice.
Interest is payable quarterly. on January LIST,
April 1st July LIST. and October LIST in each year
served for allotment in this country and in Holland
The issue in England and Germany At tho present
time will be limited in favor OF holders of the OK.
istng bonds. who will be given a right of CONVEX.
sion.
The Custom House receipts Of the Mexican Gov.
eminent for a series Of years back as offcialIy
stated by the Financial Agent OF the Government
have been:
1894 slG.859, OBI silver OF which go per cent
would be $lol+2. 5sp silver.
1s94-6. s1s.aH5,s4s silver OF which 81 per cent
would be sll. 1855. 1925 silver.
1885, s22 SCI o72 silver Of which 90 per cent
would he s13 as4. oe4 silver.
1sae-7 s22 .9l2 1922 silver Of which 90 per cent
would be si4, zoe. oil silver
1919. &22, 5s2,487 silver. of which 90 per cent
would be $l4 DOL 40 silver.
1899 ul mos. onlv>. s24 .7oao7e silver OF which
90 per cent. would be sl6.3la.o27 silver.
Tho annual interest and sinking fund require
for the entire external debt OF Mexico "a con-
solidated by the new issue Of bonds ia only about
So, 200 900 Gold or at present exchange about SlS.
oOO, 900 silver.
Applications will be made in due time for the list
ing of the bonds on the New York STOCK Exchange
well as on the Stock Exchanges Of London. Berlin,
Frankfort and Amsterdam.
SUBSCRIPTION BOOKS OPEN AT OUR
OFFICE AT 10 A. NJ. WEDNESDAY,
JULY l2, 1900, AND WILL CLOSE ON
NOTIFICATIoN FROM BERLIN OR
LONDON.
j. p. MORGAN de co.