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The Daily Dispatch: April 13, 1863., [Electronic resource], Cattle dying for want of salt. (search)
hereby 2½ per cent. of the bonds unredeemed by cotton shall be drawn by lot half yearly, the first drawing to take effect on March 1st, 1864, and to be continued to 1st September following, and on the 1st March and 1st September in every succeeding year, so as finally to extinguish the loan in twenty years from the first drawing. The bonds to be issued at ninety per cent., which is to be paid as follows: 5 per cent. on application. 10 per cent. on allotment. 10 per cent. on 1st May. 10 per cent. on 1st June. 10 per cent. on 1st July. 15 per cent. on 1st August. 15 per cent. on 1st September, less dividend 3½ per cent. 15 per cent. on 1st October. £90 Subscribers will have the option of paying the instalments in advance on allotment, or on any of the above dates, under a discount of seven per cent. per annum on such pre-payments, but in default of the payment of the respective instalments all previous payments will be liable to forfeiture. [By pay