The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1904-07-23
FINANCIAL.
100000
TEMPORARY
CERTIFICATES OF INDEBTEDNESS
OF THE GOVERNMENT or THE
PHILIPPINE ISLANDS

July Is, 1894.
By direction Of the Secretary Of War, and on
behalf OF the Government Of the Philippine ISL
ands. the Bureau OF lnsular Affairs Of the War
Department invites bids for 100000 Of the
temporary certificates Of indebtedness Of the
Government Of the Philippine Islands, authorized
by the act OF Congress entitled An act 10 es-
tablish standard Of value and 10 provide for a
coinage system in the Philippine Islands, sp-
proved March ?, lss, and an act 81 the Philip
pine Commission numbered ll95, enacted Juy
Is, 1904.
The certificates will be Issued IN coupon
form in the denomination OF $1,000 lacy
viii be dated september 1, 1914, bearing
/ interest at the rate OF per centum per an
mum, payable quarterly, and viii be redeem.
able In one year amer date OF issue ~ gold
coin OF tine United states at the olfice of the
, Guaranty Trust Company Of New York, de-
posftaTy OF the funds Of the Philippine Islands
m th= City OF New York.
by the terms OF the act Of Congress these cCr-
tihcates are exempt from the paymcnt Of all
taNes OF duties OF the govern Tent Il TIE Philip
pine Islands. OF any local authority therein, Cr
/ OF the Government Of the United states, Wei
rs Nom taxation IN any form, BY or under any
! state, municipal, or local authority in the
/ United States or in the Philippine Islands.
/ The Secretary of the Treasury authorizes
/ the statement t,at these certificates OF in-
! debtedneSs will be at once accepted at par Dy
/ the Treasury Department as security IOT Of
pOSits OF the public money CT the United
states In national banks la substitution iOr
state, municipal, or Philippine bonds ana
I certificates or indebtedness now held 10
secure such deposits; and In substitution for
, United States bonds nov held as security Tor
/ deposits, on condition that the Government
bonds thus released be used as security for
additional circulation whenever IN IN ludg-
| ment of the Secretary of the Treasury IL IS
desirable TO stimulate an increase ga nation al
bank circulation.
| The second issue Of g, $4,000 Philippine Ton
pOTary certificates II Indebtedness IL provide fOi
| the maintenance Of the parity natures Septem
Der !, 1921. on which date they viii be retired
| Subscriptions viii be payable upon EotifcatIor
! ct ARANTN TRUST COMPANY q New York
/ as depo-itary for insuiar funds, in checks q
bank drafts, made payable in said city, and de-
! livery OF certificates will be made by said IIus'
| Company on September /, 1894
| The Secretary Of War reserves the right to re-
ject any or all bids.
1 Zach bid must be accompanied by oertidet
! check Of per cent Of the face value Of the Ger
! uhcates bid for as a guarantee, such check O.
! be returned after the making Of the award O.
| the unsuccessful bidders.
| Responsible subscribers Offering tie highest
| and most advantageous premium Will be thOs'
! accepted up to the amount II - 9c0,O1O Of
/ fered
No special blanks are required on which t.
submit bids, hut the envelopes containing then
should be clearly marked SUBSCRIPTIONS
FOR PHILIPPINE TEMPORARY CERTiFI
Gates OF INDEBTEDNESS addressed q
| THE BUREAU OF INSULAR AFFAIRS
| WAR DEPARTMENT, WASHINGTON, D. C.
The opening Of the bids will begin At 2:3
2. ". on August y 1904, and none viii be &C
cepted after that time.
CLARENCE r. EDWARDS,
1t Colonel L. 5. Army, Chief Of Bureau.