C.O. 3954 6 MAP 34,
REDEMPTION OF HONG KONG GOVERNMENT 4 PER CENT. DEBENTURES.
With option of Conversion into 3 per Cent. Inscribed Stock to the extent of £140,000.
The Crown Agents for the Colonies, on behalf of the Government of Hong Kong, hereby give notice, in accordance with the conditions of Issue of the Debentures of the Hong Kong 4 per Cent. Loan, Ordinance No. 11 of 1886, that they will on the 1st September, 1894, repay in cash at par such Debentures as are then outstanding.
Debentures, to the extent of £140,000, may, however, be converted into Hong Kong Government 3 per Cent. Inscribed Stock on the following terms, viz.:
For every £100 Debenture lodged with the Crown Agents for the Colonies, a like amount of £100 Hong Kong Government 3 per Cent. Inscribed Stock will be inscribed, on and after the 16th March next, in such name or names (not exceeding four) as the holder of the Debenture may desire. The Stock will bear interest at 3 per Cent. per annum from the 15th April, 1891, and will be in all respects identical with the Hong Kong Government 3 per Cent. Stock now quoted in the official Stock and Share List.
The owners of the Debentures lodged for conversion will receive a cash payment of 13s. 6d. per cent. in adjustment of the difference of interest between 4 per Cent. up to the 1st September next and 3 per Cent. up to the 15th October next. This amount is arrived at as follows:
6 months' interest at 4 per Cent. per annum represented by the September 1894 Coupon, surrendered with the Debenture
44 days' interest at 3 per Cent. per annum from 1st September, 1894, to 15th October, 1894
£2 0 0
0 8 6
£2 8 6
6 months' interest on the 3 per Cent. Stock offered from 15th April to 15th October, 1894
1 15 0
£0 13 6
Difference paid in cash (less Income Tax).
Debentures sent in for conversion must have all undue Coupons attached, and will be received on and after the 16th March by the Crown Agents for the Colonies, and conversion will be effected, and the Stock inscribed in order of application.
The conversion will be closed on or before the 30th April, 1894.
Applications for conversion will be received either at the Crown Agents' Office in Downing Street, S.W., or at their Transfer Office, No. 1 Tokenhouse Buildings, E.C., where also forms for listing the Debentures can be obtained.
The Revenues of the Colony of Hong Kong alone are liable in respect of the above Stock and the Dividends thereon, and the Consolidated Fund of the United Kingdom and the Commissioners of Her Majesty's Treasury are not directly or indirectly liable or responsible for the payment of the Stock or of the Dividends thereon, or for any matter relating thereto. Act 40 and 41 Vict. cap. 59.
OFFICE OF THE CROWN AGENTS FOR THE COLONIES,
DOWNING STREET, LONDON,
28th February, 1894.
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