New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-01
Financial.
So, 100000
PUBLIC WORKS
IMPROVEMENT BONDS.
FehruarY u. 1909.

February 81. 1905,
BY direction Of the Secretary of War and the
thority the Government OF the Philippine Islands,
the Bureau OF Insuar Affairs Of the War Department
invites bids 2.5OOo0O. with accrued interest
March 1st. Of the Public Works and Improvement
Bonds authorized by Act Of Congress approved Feb
ruary 6,
The bonds to be issued in registered form In the
denominations $4,000 81 900 In proportions to
SUIT the purchaser purchasers.
The bonds will be registered and transferable
ohcs of the Register Of the Treasury Department
They Will dated March 1. 1905. and Will bear In
terest at the rate of PER CENTUM PER ANNUM.
payable quarterly.
The bonds will redeernable at the pleasure OF the
Philippine Government after years. will DO
payable in thirty after date issue in gold
coin Of the United states-principal and interest pay
able at the Treasury of United States
Under the terms OF the Congress "au bonds
issued by the Government of the Philippine Islands
or by It's authority, shall be exempt from taxation by
the Government of the United States or by the Gov
eminent Of the Philippine Islands political
or municipal subdivision thereof. by any State or
by any county. municipality, other municipal
division of any State Territory Of the United States
By the District Columbia"
Subscriptions viii be payable upon notification OF
acceptance by this office. at the bTreasury IN New
York City. in checks made payable in
said city delivery bonds will be made Mt said
sub-Treasury
The Secretary Treasury authorizes the state
ment that the Philippine Public Works and Improve
ment Bonds viii be accepted at par as security
made: and may be substituted for Government bonds
the Government bonds thus P9eased be used as ' sat
judgment of the SecretS4y of Re IN s
lation.
The Secretary Of the Treasury furthermore author
iEes the statement that these public works
Drovement bonds of the Philippine Government may
be substituted ut time for now on de-
post to secure public except United
Bonds.
SS0OO00O Of the ons-year Philippine Temporary
dacates of indebtedness maturing May lst viii
be retired by cash.
OF the above Act of Congress has been approved by
the President of the United States.
The legality passed upon bv
the Attorney General Of the United States. the
form Of bond as drafted has been approved by
Secretary OF the Treasury and the Attorney General
All bids must be received In the Bureau Of Insular
Affairs War Department, Washington. ID. c., later
than 8 o'clock z. ". Friday. MARCH 10. 1905, Mt
which time they viii be opened in the presence
bidders. bids received that day and hour
VIII be considered
responsible subscribers offering the highest pre-
MUM VIII be those accepted up TO the amount Of
Tho Secretary Of War reserves the right reject
Each bid accompanied by a certified check
OF two cent. Of the actual amount of the bid.
by interim certificates which it is anticipated the
perfected engraved bonds viii be substituted
before the fret day of July.
Envelopes must be marked Subscriptions for Philip
pine Public Works and Improvement Bonds"
the Bureau of InsuIar Affairs War Depart
ment, Washington d. c.
Full and detailed information will be furnished upon
c, r. EDWARDS
Colonel, y. S. Army,
Chief OF Bureau