The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-07-12

New York. July IL, 1899.
In connection with the above. mentioned Banks
and Bankers and the National Bank OF Mexico We
have entered into contract with the United States
OF Mexico for tho Of its existing foreirn
debt, and pu rsuant thereto arc prepared to re-
oeive applications for bonds OF the above issue Al
seT Per cent. of their par value, together with in.
terest accrued from July !, 1899, to time Of pay
ment. to wits $so5l6 and interest per bond Of 1910
f2oo
Terms Of payment are as follows:
per cent on application ito DO returned to tho e.
tent that bonds not allotted).
per cent. on allotment.
Balance at the option OF the subscriber any time
before September l, 1899.
The right Is reserved to reject any application and
to allot In any instance smaller amount than the
amount applied for. In default OF payment in full
by any purchaser. his allotment and any payments
hereunder will be liable to forfeiture.
Pending the issue OF tho dennitive bonds trans
ferabie receipts will he issued for payments. and
unless bonds OF other denominations are asked for
bonds OF G2oo 397o) will be supplied.
The bonds. or their proce eds are intended exclu.
sively to retro tho existing foreign loans Of the
United States OF Mexico, viz: The per cont loans
OF 1888. 1890 and 1898. and the per cent Tehuan-
tepec loan heretofore issued in London and Berlin
The bonds are in coupon form. and are Of tho fol.
lowing denominations:
go equal se7 U. 8. Gold Coin OF the present stand.
ard OF weight and nneness.
fIoo equal s+ss U. g. Gold Coin Of the present
standard Of weight and nnensss.
f2oo equal SOTO U. g. Gold Coin of the preson,
standard Of weight and nneness
$500 equal s2.425 Q. 8. Gold Coin of the present
standard of weight and fneness.
FL 900 equal $3.50 U, 8. Gold Coin of the preson,
standard OF weight and nneness.
The bonds offered arc secured by special hypoth-
ecaton OF 80 per cent Of the import and OF port
duties OF tho United States OF Mexico. These
duties are collected through tho sale Of custome
certificates by the National Bank OF Mexico and re-
United direct to Mr.. 8. Bleichroder for account of
the issuing houses by said Bank. tho Mexican Gov
eminent being pledged to MAINTAIN margin OF 10
per cent. above tho amounts required and to make
up any deficiency fifteen days before maturity Of
coupons due and bonds drawn.
The entire issue Of bonds Is TO be retired within
forty five years at par by semi annual drawings
the first drawing TO take place in juno 1900 or by
purchases in the maket II same can be made at
under par.
After July 1909 the amount OF any drawing may
be increased. or the entire loan may DO paid of on
q rec months notice.
Interest is payable quarterly. January lst
April list, July lst and October LIST in each year.
or the above described bonds. e., 600, 900 arc re-
served for allotment in this country and in Holland
The issue in England md Germany at tho present
time will be limited in favor OF holders Of the er-
istng bonds. who will he given q right Of CONVEX
sion.
The Custom House receipts of tho Mexican Gov.
eminent for a series OF years back. as ofnoialIy
stated by the Financial Agent OF tho Government,
have been:
1904. $lss5a OBI silver. OF which o. Per cent.
would be $Io,142 .5aa silver.
ls04-5. slsas6.s4s silver. OF which 90 per cent.
would b. sll. 75s.s silver.
1864. s2c ,57I O72 silver OF which 90 Per cent
would be Sl3 pp4, Os4 silver.
1857. sa2ai2a22 silver. OF which az per cent
would be Sl4 2OO, oil silver.
1918. s22.5s2. i37 silver Of which so Per cent
would be I+,OOl. no silver
1889 q mot. onlyj s24. 7Oa,o7e silver, OF which
~ PEI cSat -woYlA he SI5:aIn.s2Z .ilyer.----.-
The annual interest and sinking fund require
nents for the entire external debt Of Mexico as con.
'oldated by the new issue Of bonds is only about
b. ZOO. 900 Gold, At present exchange about &lS-
200 900 silver.
Applications will he made in due time for tho list
ng Of the bonds on the New York Stock Exchange,
we'll on the Stock Exchanges Of London Berlin,
Frankfort and Amsterdam.
SUBSCRIPTION BOOKS OPEN AT OUR
OFFICE AT 10 A. VI. WEDNESDAY,
July I2, 1899, AND WILL CLOSE ON
FROM BERLIN OR
LONDON.
j. y. MORGAN tG co.