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THE HONGKONG GOVERNMENT GAZETTE, 16TH DECEMBER, 1893.
GOVERNMENT NOTIFICATION.-No. 465.
The following is published.
By Command,
Colonial Secretary's Office, Hongkong, 15th December, 1893.
G. T. M. OBRIEN, Colonial Secretary.
CEYLON GOVERNMENT 4 PER CENT. INSCRIBED STOCK.
Third Issue, Rs. 500,000.
Authorized by Ordinance No. 7 of 1892, “An Ordinance to empower the Ceylon Government
to raise Four Million Rupees for the Construction of Railways
and other Public Works."
The Treasurer of Ceylon, on behalf of the Government, invites Tenders for the above amount of Stock, to be issued and inscribed under the provisions of "The Ceylon Inscribed Rupee Stock Ordinance, 1892."
The Loan is secured on the general revenue of the Colony, and the principal will be repayable at par on the 1st February, 1944, by a sinking fund of 1 per cent. per annum, to be formed under the management of the Auditor-General and Treasurer, who are appointed Trustees. The interest, at the rate of 4 per cent. per annum, will be payable half-yearly on the 4th February and 4th August in each year, for the half-year ended with the last day of the month next preceding, the first payment being due on the 4th August next, by dividend warrants, which, if desired, may be transmitted by post, either to the stockholders or other person, bank, or firm within the Colony. Principal and interest. will be payable at the Treasury at Colombo.
If the price of the Stock be below par at the time when the contributions to the sinking fund are received, the Trustees are empowered to purchase therewith the Stock in the market, cancelling in the register the Stock so purchased.
The Stock will be transferable by agreement in writing, without charge, and free of stamp duty. Tenders will be received at the Treasury at Colombo until 1 P.M. on Monday, the 15th January, 1894, and will be opened in the presence of such of the applicants as may attend.
Tenders must be for even thousands of Stock.
The purchase money will be required as follows:-
Five per cent. on application, and the balance on or before the 1st February, 1894.
The first payment must accompany the Tender, and the subsequent payment is to be made at the Treasury not later than the date above mentioned.
The allotments will be made to the highest bidders, provided the rates offered are not below Rs 1,000 in money for every Rs 1,000 of Stock. In the event of the receipt of Tenders in excess of the amount to be allotted at or above the minimum price, the Tenders at the lowest price accepted will be subjected to a pro rata diminution.
If no allotment be made, the amount forwarded with the Tender will be returned in full, and if a portion only of the amount applied for be allotted, the surplus will be appropriated towards the payment of the second instalment.
Forms of Tender may be obtained, and copies of the Ordinance may be seen, on application at the Treasury.
F. R. SAUNDERS,
Treasurer of Ceylon.
The General Treasury,
Colombo, November 11, 1893.