HONG KONG DAILY PRESS, TUESDAY, DECEMBER 20, 1932.
The placing of the whole of the undermentioned Issue has been undertaken by BENJAMIN
THE CITY Government oF GREATER SHANGHAI
POTTS, on behalf of
THE CITY GOVERNMENT OF GREATER SHANGHAI
SHANGHAI REHABILITATION LOAN OF 1932
Issue in Shanghai of Shanghai Dollars 6,000,000, Seven per cent. Shanghai Dollar Bonds, for a term of 20 years ending 1952 PRICE Shanghai $85 per Shanghai $100 Bond
Authorised by the National Government of China and Guaranteed by the City Government
Of the above, Shanghai $4,000,000 have already
been applied for and allotted in full.
Applications will be Received for the Balance of Shanghai $2,000,000
Agents of the City Government for this loan
BENJAMIN & POTTS,
7 Peking Road, Shanghai.
Lawyers: HANSONS, 7 Peking Road, Shanghai.
Bankers:
THE HONGKONG & SHANGHAI BANKING CORP.,
Shanghai.
Coples of the Prospectus and Application Forms may be obtained from BENJAMIN & POTTS and the Undermentioned Banks,
SECURITY
The Principal and Interest is secured on the Wharfage Dus collected by the Commissioner of Customs at Shanghai for the City Government of Greater Shanghai and paid into the Hongkong & Shanghai Banking Corporation under an agreement made between The City Government and Messrs. Benjamin & Potts, dated October 25th, 1932, a copy of which can be inspected at the offices of Messrs. Benjamin & Potts, No. 7 Peking Road, and Messrs Hansons of 7 Peking Road, Shanghai. As additional security, should the Wharfage Dues be insufficient to meet the sums required as instalments for the service of this loan, the Inspector-General of Customs, acting on irrevocable instructions from the Minister of Finance, is to pay the amount of such deficiency out of Customs Revenue at the end of each quarter to the Hongkong & Shanghai Banking Corporation subject to existing obligations, but with priority over all later charges. Before any surplus funds from Wharfage Dues are released to the 'City Government, an amount equivalent to one full year's requirement for the service of the loan is to be accumulated as a reserve in the Hongkong & Shanghai Banking Corporation.
Principal and Interest Free from Chinese Taxes and "Imposts, Present and Future.
ISSUE IN SHANGHAI of Shanghai $6,000,000, seven per cent Shanghai Dollar Bonds, in Bonds to bearer of Shanghai $1,000, and Shanghai $100, with half yearly coupons attached for interest at the rate of 7 per cent. per annum payable 15th June and 15th December...A full six months interest will be payable on June 15th, 1933.
THE BEARER OF EACH BOND IS ENTITLED TO:
1.
2.
Interest at 7 per cent per annum on the nominal value payable half yearly on June 15th and December 15th of each year.
The redemption at par of the nominal principal in local currency according to the amortisation schedule which appears below. The redemption is to be effected by Semi-Annual drawings, and the first redemption payment is to be made on June 15th 1933:
Payable in full on application against which a Banker's Receipt will be given.
If no allotment is made, subscriptions will be refunded on production of the Banker's Receipt, as will also the balance if only portion of the amount applied for is allotted. THE RETURN to the Bondholder, including redemption, on the subscription price of Shanghai $85 per Shanghai $100 Bond, as shown on the Amortisation Table hereunder,, and as printed on the Bond, averages 9.5896%
End of Half Year
!'.
Face Value
-Cost of Bonds Drawings Cost of Drawn Amortisation
85%
7% Int. Amortisation
Bonds @ 85%
Praft
Profits and Int.
End of Half Year
Face Falue
“Cast of "Bonde Drawings Cost of Drawn Amorțisation 7% Int. Amortisation
̈@ 85%
*Bonds @ 85%
Profit-
- Profits and Int,
15. 6.33
5,040,000
3,049,000
60,000
$1,000
9,000
210,000
219,000
15.12.33
5,880,000
4,998,000
60,000
81,000
9,000.
207,000
216,900
15. 8:43 35.12.43
4,020,000
3,417,000
120,000
-102,000-
18,000
-144,900
102,000
3,000,000
3,315,000
120,000
102,000
18. 0.31
5,820,000
4,947,000
60,000
51,000
9,000
205,800
214,800
18,000
15. 0.44
140,700
158,700
3,720,000
3,162,000
180.000
153,000
18.12.31
5,700,000
4,800,000
60,000
$1,000
0,000
203,700
212,700
27,000
136,500
15.12.44
183,500.
3,600,000
3,060,000
120,000
102,000
15, 0.35
5,700,000
4,345,000
60,000
*0:000
-901,000
18,000
210,000
15. 0,45
130,200
148,200
3,420,000
2,907,000
180,000
153,000
16.12.35
5,580,000
4,743,000*
120,000+
102,000
18,000
109,500
217,500
27,000
196,000
15.12.45
183,000
3,300,000
2,805,000
120,000
102,000
35. 6,30
5,520,000
4,692,000
60,000
81,000
·0,000
+105,300
204,300
18,000
119,700
*137,700
15.-6.48
3,120,000
2,052,000
180,000
153,000
15.12.36
5,400,000
4.890,000
120,000
102,000
18,000
193,200
211,200
27,000
15.12.46
2,940,000
115,600
142,600
2,499,000
15, 0.37
8,340,000
4,530,000
, 80,000
.51,000
180,000
.. 153,000
.27,000
$,000
189,000
106,000
100,200
136,900
15. 0,47
2,780,000
2,346,000
180,000
15.12.37
5,220,000
4,437,000
120,000
10%,000
18,000
-153,000
186,000
204,900,
$27,000
102,000
15.12.47.
120,003
2,500,000
2,183,000
180,000
183,000
15. 6,38
5,100,000
4,396,000
-15.12.38
5,040,000
4,284,000
80,000 120,000
51,000
0,000
-182,700
101,700
57,000
06,800
123,600
15. 6.48
2,400,000
2,040,000
180,000
163,000
102,000
18,000
160,600
27,000
00,300
198,600
15.12.48
117,300
1,887,000.. 180,000
183,000
27,000
15. 0.39 ~15.12.39: 15, 6:40 15.12.40
4,990,000
*4,233,000
00,000
51,000
0,000
170,400
185,400
113,000
15.6.40
1,734,000
180,000
153,000
4,131,000 4,020,000
120,000:
102,000
18,000
174,300
192,300
27,000
304,700
15.12:40
1,530,000
240,000
204,000
38,000
120,000
102,000
18,000
170,100
188,100
15. 0,50
107,403
1,377,000
15. 6.4T
.15.12.41
15. 0.42 15.12.42
000 3,895, 3,793,000 3,891,000
190,000
$102,000
-18,000
185,000
180,000
153,000
183,900
63,000
15.12.to
00,000
1,173,000
240,000
904,000
30,000
120,000
102,000
18,000
161,700
179,700
56,700
02,700
18. 8:51
989,000
120,000
102,000
240,000
204,000
18,000
157,500
175,500
38,000
15.12.51
120,000
102,000
18,000
$53,300
3,518,000
120,000
102,000
16,000
149,100.
171,300 167,100,
15. 6.52 18.12.33
800,000 600,000
765,000
48,200
84,300
240,000
204,000
38,000
39,900
75,000
561,00
$40,000
204,000
38,000
67,500
660,000
1503,000
99,000
33,100
122,100
4,980,000 4,740,000
4,620,000. 4,500,000 4,380,000 4,960,000 4,140,000
complete statement showing how the service of the loan is to be effected, detailing mcome and interest thereon, and outgoings on account of interest and redemption payments compiled on a half yearly basis, may be inspected at the offices of Messrs Benjamin & Potts, 7 Peking Road, Shanghai,
THE HONGKONG & SHANGHAI BANKING CORPORATION SHANGHAI
are acting as Bankers for Messrs Benjamin & Potts for effecting payment of interest, and principal, and are authorised to receive subscriptions for Shanghai $6,000,000 Shanghai Dollar Bonds of the above loan. Applications may also be lodged at BENJAMIN & POTTS) 11, Queen's Road Central Hongkong and at the Shanghai Offices of the following-Banking Institutions:
CENTRAL BANK OF CHINA
BANK OF COMMUNICATIONS
BANK OF CHINA
THE SUBSCRIPTION LIST will open on Wednesday, the 21st December, 1932 at 10a.m. and close on or before noon the same day.
THE WHOLE OF THIS ISSUE HAS BEEN UNDERWRITTEN
BENJAMIN & POTTS.