The Washington times., 1904-01-06
FINANCIAL.
100000
Philippine Land Purchase Bonds.

DECEMBER 30, 1908.
By direction Of the Secretary Of War, and the
authority Of the Government Of the Philippine
Islands, the Bureau OF Insular Affairs OF the
War Department invites bids for ST. 0O0 900 Of the
Land Purchase Bonds Of the Government Of the
Philippine Islands, authorized BY the Act OF Con-
gress OF the United States, entitled IAN act
temporarily to provide for the administration
of the affairs Of civil government in the Philip
pine Islands, and for other purposes" approved
July /. 1902.
1HE BONDS WILL BE ISSUED IN
REGISTERED FORM, IN DENOMINA-
TLONS OF $4,000 AND $1,000, IN
PROPORTIONS TO SUIT THE PUR-
CHASER OR PURCHASERS
THE BONDS WILL BE kEGISTERED
And TRANSFERABLE AT THE Of
FICE OF HE REGISTER OF THE
TK EASU6f DEPARTMENT AT WASH
They WILL BE DATED FEBRUARY
L, 1904, And WILL BEAR INTEREST
Al THE RATE OF PER CENrUM
PER MUM, PAY ABLE QUART a. RLY.
1HE bONDS WILL BE REDEEM
ABLE AT THE PLEASURE OF THE
PHILIPPINE GOVERNMENT AFTER
Ten YEARS, AND WILL BE PAYABLE
IN Thirty YEA ES AFTER DALE OF
ISSUE, IN GOLD COIN Of THE UNITED
STATES; PRINCIPAL AND INTERESr
Will BE PAYABLE AT THE TREAS
URH OF THE UNITED STATES.
By the terms of the Act of Congress. these
bonds ARE EXEMPT FROM PAYMENT OF ALL
TA4ES OR DUTIES Of the Government Of the
Ihlllppine Islands, any local authority
therein, or Of the Government Of the United
states, as well as from taxation in any form
by or under any State, Municipal, or local
authority in the United States or in the Philip
pine Islands.
Subscriptions will be payable upon notifca-
ton OF acceptance by this Office at the Sub
treasury in New York city, in checks O. bank
drafts made payable in said city, and delivery
of bonds win be made at said Subtreasury
THE SECRETARY OF THE TREASURY
AUTHORIZES THE STATEMENT THAT THE
PHILIPPINE LAND PURCHASE BONDS WILL
BE ACCEPTED AT PAR AS SECURITY FOR
DEPOSITS OF PUBLIC MONEY SHOULD FUR
TIER DEPOSITS BE MADE, AND MAY BE
SUBSTITUTED FOR GOVERNMENT BONDS
NOW HELD AS SECURITY FOR DEPOSITS ON
CONDITION THAT THE GOVERNMENT BONDS
THUS RELEASED BE USED AS SECURITY
FOR ADDITIONAL CIRCULATION WHENEVER
IN THE JUDGMENT OF THE SECRETARY OF
THE TREASURY 1T is DESIRABLE TO sim
JkAIE AN INCREASE IN NATIONAL BANK
CIRCULATION.
THE legality OF THE ISSUE HAS BEEN
PASSED UPON BY THE ATTORNEY GEN
ERAL OF THE UNITED STATES. AND TIE
FORM OF THE BOND AS DRAFTED HAS
BEEN APPROVED BY THE SECRETARY OF
THE TREASURY AND THE ATTORNEY GEN
ERAL.
All bids mus. be received at the Bureau Of
lnsular Affairs, War Department, Washington
D. C., not later than O'Clock p. m, Monday,
January II. 1904. at which time they viii be
opened in .he presence of the bidders No bios
received after that day and hour viii be con-
sidered.
The responsible subscribers Offering the high
est premium will be those accepted up to the
amount of 81, 900, 900.
The Secretary of War reserves the right to
reject any and all bids
Each bid must be accompanied by a certified
check Of per cent Of the actual amount Of
the bid.
Delivery on the hrst day Of February will be
made by interim certificates, for which il is an
enc ar-aA r-fgf
substituted on or before the first day Of March
Envelopes must be marked SUBSCRIPTIONS
FOR PHILIPPINE LAND PURCHASE BONDS
and addressed 20 the Bureau Of Insular Affairs
War Department, Washington, d. G.
CLARENCE R. EDWARDS
1t Colonel Z. S. Army Chief Of Bureau