following must be the endorsement, "I (or we) A. B. do hereby assign -over to C. D. all my (or our) right and interest in for if the assignment is made by attorney, "I (or we) A. B. do hereby assign over to C. D. under the competent authority vested in me (or us) for that purpose] pagodas of the within bond, and do desire the accountant general will issue new bonds, one (or more) in the name of A. B. or his, her, or their order for the above sum, and one (or more) in the name of the proprie tor, or such other person or persons as may be directed."

Signature, date, and place.

9th. In the event of distance, or other circumstances preventing the transmission of a power in the above form, the transfer may be made upon a letter of instructions, under a general power of attorney from the proprietor, or proprietors, directing the sale, and transfer of the bond, specifying the same by No. date and amount, with the

rate of interest.

10th. That every assignment of a registered bond shall be dated, (specifying the place, and date of assignment) as provided in the above forms, and that no other form of transfer of registered paper will be admitted as valid at the office of transfer, from the date of this publication.

11th. That in cases of assignment by endorsement on the bond, according to the option allowed in the third article, it shall not be necessary for the parties to attend at the office to make a transfer in the books; but in order to ascertain the due authority for each transfer, reference must be made in every instance of such assignment to the transfer accountant, and his certificate be anuexed as

necessary to establish its validity, he in such cases making the necessary transfer in the books to the credit of the assignee, or assignees, upon the said authority, which, if required by the transfer accountant, shall be lodged in the office, be granting in return an attested copy.

12th. That a fee of one sixth per cent. or 7 fanams per 100 pagodas, payable by the seller upon all future actual transfers of property in the books of the office, whether by attendance of the parties, or by assignment on the bond, shall be allowed to the person acting as register, and transfer accountant for his trouble.

13th. That after the transfer, for which the above fee is allowed, shall have been made, the party or parties purchasing may exercise the option provided by the 3d article to continue the bond on the register or not; if continued to be subject to the register fee of one pagoda per 1000, as provided in the 1st paragraph, if not, a new bond to be granted to the said party or parties free of all charge.

14th. That no interest will be paid upon paper registered in the office of the transfer accountant, except to the person or persons in whose name it is registered or transferred, or to his or their constituted attorney or attornies, and that the same rule shall obtain in regard to the payment of the principal of the company's registered securities of every description, which will render it necessary that the person purchasing the registered bond shall, before he can consider his security as complete, have it endorsed over to him in the prescribed form, and witnessed by the transfer accountant.

15th. That it is to be perfectly understood, that it is optional with persons

persons holding the public securities of this government, to register the same at the office hereby established, or not; and that all such paper as shall not be registered, is negotiable the same as if no such establishment existed without the necessity of any reference to, or being under the least restriction from the said office. Further, that any holder or holders of registered paper, standing in his, her, or their own name, may at his, her, or their option, withdraw it from the register, on payment of the transfer fee of 1-6th of one per cent. and performing the other acts provided in the foregoing articles of these regulations for the necessary adjustment of the books, and may demand a new and unregistered bond, in his, her, or their own name.

16th. The object and intention of this establishment, are effectual security to all proprietors of the public paper in question, who may wish to avail themselves of the means thereby afforded of registering their property, free from alienation without their express consent, and of easy renewal in the event of loss by fire, theft, or other wise;, and it has been suggested as particularly desirable, as well by the public agents as individuals, these fees have been regulated upon a principle of moderation with a view to obviate all objections on the score of expence by the proprietors.

Public Department.

1st. The public are hereby informed, that the sub-treasurer at the precidency, the residents of Mysore and at Hydrabad, the several collectors of the revenue, and the paymasters at the several stations, have been authorized to re

ceive, until further orders, ange sums of money in even hundreds (not being less than star pagodas five hundred), which may be tendered on loan to the honourable company, at an interest of eight per cent. per ann. as hereafter specified.

2d The above mentioned officers have been authorised to receive in transfer to this loan all accepted bills of exchange, drawn on the governor in council, and generally all authorised public demands, after deducting interest at the rate of one fanam per 100 star pagodas per diem, for the period which the bills, &c. may have to run.

3d. Subscriptions in cash, and bills of exchange, will be received at a discount of two per cent. that is, for every subscription of 102 star pagodas, a receipt will be granted, entitling the subscriber to a promissory note for 100 star pagodas to be issued on the terms of the present loan.

4th. All the duennial loan certificates of this government bearing an interest of ten per cent. per ann. will be received at par; the interest which may be due thereon at the period when, such certificates may be subscribed, to be added to the principal, or discharged in cash, at the option of the subscriber.

5th. A receipt will be granted for each subscription, bearing interest at the rate of one fanam per 100 star pagodas per diem, from the date of such receipt until the 1st of September next.

6th. The interest which may be due on that date, on receipts granted for subscriptions to this loan, will be paid in cash at the general treasury; and for the principal, a promissory note or notes will be granted, bearing date the 1st of September, 1803, and be numbered and registered in the order in

which the receipts may be presented at the accountant general's office. 7th. The principal of the promissory notes shall be payable either in Madras, under the rules established for the payment of the register debt now existing, or by bills to be drawn by the governor in council on the honourable the court of directors, at the exchange of eight shillings the star pagoda, payable twelve months after sight, which bill shall be granted at any time, on the application of the proprietor of the notes, either when the principal shall have become payable in Madras, or at any earlier period; and any bills which may be so granted will, if the proprietor desire it, be forwarded by the deputy accountant general, in the public packets, to him or his agent, or assign, according to the instructions which may be given for this purpose.

8th. The interest of the promissory notes shall be payable half yearly, viz. on the 1st of march, and the 1st of September, from year to year, until the principal shall be discharged; and it shall be at the option of the proprietor of the notes, to receive payment of such interest, either in cash at the general treasury of the presidency, or by bills to be drawn by the governor in council on the honourable the court of directors, at the exchange of eight shillings the star pagoda, payable twelve months after sight; provided always, in the latter case, that the interest for which bills may be so required, amount to the sum of 501. sterling at the least, and no bills will be granted for a smaller amount.

9th. For the accommodation of persons returning to Europe, the subscribers to this loan, their executors, administrators, and assigns,

shall be entitled, on application to the governor in council, to have their promissory notes (provided they amount to the principal sum of star pagodas 3000), deposited in the charge of the sub-treasurer for the time being, at the risk, and under the security of the company. An acknowledgment will be granted by that officer for the promissory notes to be deposited with him, and the interest accruing thereon will be remitted as it shall become due by bills, on the terms above mentioned; which bills will be forwarded by the deputy accountant general to the proprietor, his agent or assign, according to the instructions which may be given for these purposes.

10th. All applications to the governor in council, to have promissory notes deposited in the treasury, must be accompanied by the notes so to be deposited; and directions must be written in the fol

lowing terms, on the face, and across the lines of each note, and be attested by the signature of the proprietor, or his constituted attorney or attornies.

"The interest accruing half yearly on this promissory note, and the principal, as it shall be come payable, according to the order established for the discharge of the register debt, are to be remitted (unless it shall be hereafter directed to the contrary) by bills to be drawn on the honourable the court of directors, pursuant to the tenor of this promissory note, and the other conditions of the loan, ' published in the Madras Gazette of the 1803, payable to

and to be forwarded to

But this promissory note shall not be pledged, sold, or in any manner negociated, or delivered up to any person whomsoever; nor

are these directions, with respect to the mode of payment of the interest or principal, to be in any manner altered, except on application to the governor in council, to be made by myself, my executors, or administrators, or under the authority of a special power of attorney, specifying the number, date, and amount of this promissory note, to be executed by me, or them, for that purpose."

11th. For the satisfaction of persons who may propose to return to Europe, before the period prcscribed for the final adjustment of the accounts of this loan, and who may be desirous of availing themselves of the accommodation offered them under the foregoing article; the deputy accountant general will, on their part, write the declaration above prescribed on the promissory notes, provided he shall receive instructions for this purpose, by an indorsement to be exc cuted on the receipt or receipts, under the signature of the proprie tor, or his constituted attorney or attornies. The deputy accountant general will also make the necessary application to the governor in council for an order to the subtreasurer to receive the promissory notes in deposit, and will forward the acknowledgment of that officer to the proprietor of the notes, or to his agent or assign, according to the instructions which may be furnished him for this purpose.

12th. A receipt will be granted in the following form, for the subscriptions which may be made at any of the public treasuries.

Form of Receipt.

"I do hereby acknowledge, that A. B. has this day paid into the honourable company's treasury, the sum of star pagodas

which

FORT ST. GEORGE, 1803. "Promissory Note for Star Pags.-

"The governor in council does hereby acknowledge to have received from A. B. the sum of star pagodas as a loan to the honourable the united company of merchants of England trading to the East Indies, and does hereby promise, and in behalf of the said united company, to repay and discharge the said loan, by paying unto the said A. B. his executors, or administrators, or his or their order, the principal sum of star pagodas

the