399
No. 28 87.
HONGKONG.
GOVERNMENT LOAN.
Presented to the Legislative Council, by Command of His Excellency the Officer Administering the Government, on the 23rd May, 1887.
SIR,
The Crown Agents for the Colonies to the Acting Colonial Secretary.
DOWNING STREET LONDON, 15th April, 187.
With reference to my letter of the 1st instant confirming a telegram relative to the Hongkong Government Loan of £200,000, despatched to you on that date, I have the honour to state for the information of the Governor, that in response to the invitation contained in our advertisement, of which a copy is enclosed, tenders were opened on the 1st instant. The tenders amounted to £737,400, and the prices tendered ranged from the minimum £98 to £100.17.6 per cent., the average price realized being £100.14.9 per cent.
*A Schedule of the tenders is enclosed.
I have the honour to be,
Sir,
Your obedient Servant,
The Honourable
THE COLONIAL SECRETARY,
&c.,
&c., Hongkong.
W. C. SARGEAUNT.
Enclosure.
HONGKONG GOVERNMENT 4 PER CENT. LOAN.
£200,000.
Authorised by Ordinance No. 11 of 1886.
THE Crown Agents for the Colonies, on behalf of the Government of Hongkong, hereby invite Tenders for the above Loan of £200,000.
The Loan is secured on the General Revenues and Assets of the Government of Hongkong, and will be raised on Debentures representing £100 each, bearing interest from the 1st March, 1887, at the rate of 4 per cent. per annum, payable half-yearly on the 1st March and 1st September in each year. Interest and Principal will be payable at the Offices of the Crown Agents for the Colonies, Downing Street, London.
In order to provide for the repayment of the Principal at the expiration of 20 years-if not previously redeemed-a compound Sinking Fund will be formed by an investment half-yearly of three thousand five hundred and thirty-six pounds, commencing on the 1st September next.
* Not printed.