128
Anhang,
PRICE OF ISSUE, £ 92 PER CENT.
PAYABLE AS FOLLOWS:
On Application SR
On Tuesday, 4th November, 1924
On Friday, 5th December, 1924
In Thursday, Sth January, 1925
£ 5 per Cent.
X
be
7
Der Cent.
THE GOVERNOR AND COMPANY OF THE BANK OF ENGLAND
are authorised to receive applications for £ 12.000,000 German Government
£7% Sterling Bonds, 1924, The Bonds will be to bearer and will be issued
in denominations of £ 100, £ 500 and £ 1,000,
The terms, conditions and security of the German External Loan, 1924,
of which this Issue forms part, are set forth in a Statement signed by the
Minister of Finances of the German Reich and appended to this Prospectus.
Principal and Interest of Bonds of this Issue will be payable in
sterling at the Bank of England, London. Interest will be payabile half-
yearly by Coupon on the 15th April and 15th October. A first payment of
£2:;10s. per Cent, will be made on the 15th April, 1925,
The portion of the Sinking Fund applicable to this Issue will be
applied in the purchase of Bonds when the price thereof is below par
(exclusive of accrued interest) or by drawings at par when the price is at par
or above (exclusive of acerued interest). In any year in which drawings are
necessary, such drawings will be made during the month of September,
sommeneing with September, 1925, in such manner and subject to such
regulations as the Trustees may deem expedient: the Bonds then drawn will
be due for repayment on the following 15th October on which date they
will cease to bear interest. The numbers of the Bonds drawn will be
published by advertisement in the Times not less than one month prior to
the date of redemption,
Bonds not previously redeemed by purchase or drawing will be repaid
at par on the 15th October, 1949.
Applications, which must be accompanied by a deposit of £5 per
Cent., will be received at the Bank of England Loans Office, 5 & 6, Lombard
Street, E.C. 3. In case of partial allotment the balance of the amount paid as
deposit will be applied towards payment of the first instalment; should there
be a surplus after making that payment, such surplus will be refunded by
cheque.
Applications must be for sums of £ 100 or multiples thereof,
Instalments may be paid in full after allotment under discount at the
rate of 3 per Cent, per annum. In the case of full payments made before
Ihe 4th November, 1924, discount will only be allowed from the latter date.
Default in the payment of any instalment by its proper date will
render the deposit and any instalments previously paid liable to forfeiture
and the allotment to cancellation,
Scrip Certificates to Bearer with Coupon attached for the interest
payable 15th April, 1925, will be issued in exchange for the Allotment
Letters. Fully-paid Serip Certificates will be exchangeable in due course
for definitive Bonds. ;
A commission of 5s. per £ 100 will be paid to Bankers and Stock-
brokers on allotments made in respect of applications bearing their stamp.
As mentioned in the accompanying Statement, arrangements have been
made under which certain of the portions of the Loan issued in other
Countries will be in Sterling Bonds: the Bonds of each such issue will con-
stitute a separate series and it is intended to make application, after the
lapse of two years from the date of this Prospeetus, for the admission to