Apr.] 



CHRONICLE. 



55 



erected only 9 few years ago, 

 after a very ingenious plan, and 

 as workshops for many branches 

 of the marine. It was also used 

 as barracks for sailors. It was 

 capable of containing 3,000 per- 

 sons. In the mi(idle of the 

 building there was a hollow 

 cylinder, which went through all 

 the stories, and in the middle a 

 chair for the superintendant of 

 the works, from which, without 

 being seen himself, he could see 

 every thing through the openings 

 in the cylinder, and overlook 

 each of the work-rooms, which 

 were furnished with glass-doors ; 

 and, by another contrivance, 

 could let himself up and down as 

 he thought proper. In every 

 story there were doors to the 

 cylinder, opening from the inside, 

 so that the superintendant could 

 come out of the cylinder, and 

 show himself whenever it was 

 necessary. The architect of this 

 building was the English General 

 Bentham. In the lowest story 

 was the steam-engine, by which 

 all the machinery was put in 

 motion. Unhappily some of the 

 workmen have perished in this 

 dreadful fire, which broke out in 

 the forge, in the lower storj^, and 

 rapidly com.municated to the 

 other parts of the building. 



APRIL. 



'• Mr. Rother, his Prussian 

 Majesty's Privy Counsellor of 

 Finance, and Director of the 

 Public Treasury, has lately 

 arrived in this country (Lon- 

 don), and has contracted with 

 Mr. N. M. Rothschild for a loan 



of 5,000,000/. sterling, at the 

 following rates: — 



of. 2,500,000 at 70 per cent. 

 1,250,000 at 72i 

 1,250,000 at 75 



To be raised by 10 monthly 

 instalments of 10/. per cent each. 

 The first monthly instalment of 

 the 2,500,000/. is to begin on the 

 1st day of May next : that of the 

 1,250,000/. at 72f per cent, on 

 the 1st day of July next: and 

 that of the 1,250,000/., at 75 per 

 cent, on the 1st day of October 

 next. 



" The loan is to bear interest 

 at 5 per cent per annum, from 

 the SI St of March last, payable 

 in London half-yearly, on the 1st 

 day of April, and the 1st day of 

 October, and is to be paid off 

 within 28 years. 



" A discount, after the rate of 

 5 per cent will be allowed upon 

 the payment of instalments be- 

 fore due. 



" The loan is to be raised upon 

 bonds, to be issued by the Prus- 

 sian Government, payable to 

 bearer ; and with each bond will 

 be delivered warrants upon Mr. 

 Rothschild, for payment of the 

 interest to bearer, as it becomes 

 due. 



" The bonds, for the conve- 

 nience of the public, will be thus 

 divided : — 



500 Bonds of c£. 1,000 each 



2,(X)0 500 



4.,000 250 



25,000 100 



" Securities for Payment of the 

 Loan and Interest. 



" The Government of Prussia 

 will, by an act of its legislature, 

 place at the disposal of the 

 Directors of Maritime Com- 

 merce, 



