5245
500
RECO
Red 14 FEB 061
GOVERNMENT OF HONG KONG.
Issue of 3 per cent. Inscribed Stock sufficient to raise £1,100,000.
Authorised by Ordinance No. 11 of 1908.
Minimum Price of issue £99 per cent.
£5 per cent. on application, and so much on the 27th of February as will leave £75 per cent. payable as under:--
£25 per cent. on the 22nd of March
£25 per cent. on the 19th of April
£26 per cent. on the 17th of May
Two months interest payable on the 15th of April.
The Loan is required to reimburse to the Government of Hong Kong a sum of £1,100,000 which it has lent to the Viceroy at Wuchang, to enable him to redeem a concession for a railway from Hankow to Canton. An Imperial Decree of the Emperor of China sanctioning the Loan Agreement with the Government of Hong Kong, has been obtained.
The Government of Hong Kong having complied with the requirements of the Colonial Stock Act, 1900, Trustees are authorised to invest in this Stock, subject to the restrictions set forth in the Trustee Act, 1893.
THE CROWN AGENTS FOR THE COLONIES, on behalf of the Government of Hong Kong, invite tenders for a sufficient amount of Stock, to produce the sum of £1,100,000, together with the expenses of issue. The Stock will be in addition to and identical with the Hong Kong Government 3½ per cent. Inscribed Stock already quoted in the Official Stock and Share List, and it will be inscribed in accordance with "The Colonial Stock Act, 1877," 40 and 41 Vict. cap. 59.
The Loan is secured on the General Revenues and Assets of the Government of Hong Kong. The principal will be repayable at par, on the 15th of April, 1943, by a Sinking Fund of 1 per cent. per annum to be formed in this country under the management of the Crown Agents, who are appointed Trustees, but the Government of Hong Kong will have the option of redemption at par on or after the 15th of April, 1918, on giving six calendar months' notice by advertisement in the London Gazette and in the Times newspaper, or by post to the then Stockholders at their registered addresses.
The interest at the rate of 3 per cent. per annum will be payable half yearly on the 15th of April and 15th of October in each year. A coupon representing two months' interest payable on the 15th of April will be attached to the Scrip, and each half year's interest thereafter will be payable by Dividend Warrants, which, if desired, may be transmitted by post, either to the Stockholders, or other person, bank, or firm, within the United Kingdom. Principal and interest will be payable at the Office of the Crown Agents for the Colonies, London.
The Stock will be transferable at the Crown Agents Transfer Office, No. 1, Tokenhouse Buildings, E.C., without charge and free of stamp duty.