East Indian Railway Co. - Issue of Debenture Stock, 1900

From London newspapers, 1900.

East Indian Railway Company.

ISSUE of £1,000,000 EAST INDIAN RAILWAY £3 PER CENT. NEW DEBENTURE STOCK.

Principal and Interest guaranteed by the Secretary of State for India in Council, as mentioned below.

Issued under the authority of the East Indian Railway Company's Act, 1896. (58 Vict., ch. xx.), and constituted by a Trust Deed, as mentioned below.

Minimum Price of Issue, £95 per cent. Three Months' Interest payable on the 4th August, 1900.

The EAST INDIAN RAILWAY COMPANY give notice, that they will be prepared to RECEIVE TENDERS for the whole or any part of the above up to One o'clock p.m., on FRIDAY, the 27th April, 1900, at the Company's Offices, 26-30, Nicholas-lane, Lombard-street, E.C. No allotment will be made of less amount than £100 Stock or multiples of £10 in excess thereof.

The sanction of the Secretary of State for India in Council has been obtained, to the issue, under the authority of the East Indian Railway Company's Act, 1896, of the present loan, which is required for the general purposes of the Company, and is in addition to issues of Debentures for £1,555,000 and Debenture Stock for £1,000,000, already made under the same Act. The payment of both principal and interest is guaranteed by the Secretary of State out of the revenues of India, in manner appearing in an Agreement between the Secretary of State and the Company, dated 4th day of April, 1899.

The Tenders must be made on printed forms (copies of which and of this Prospectus can be obtained at the Company's Offices), and must be delivered in sealed envelopes at the Company's Offices, addressed to the Secretary, not later than One o'clock p.m., on Friday, the 27th April, 1900, marked "Tender for Debenture Stock."

A deposit of £5 per cent., either in cash or by cheque on London, upon the amount of the Debenture Stock applied for must be delivered with the Tender, to be returned in the event of the Tender not being accepted. In case of a partial allotment the balance of the deposit will be applied towards the payment of the first instalment.