56 



The Humming Bird. 



This leaves at the disposal of the new Company the sum 

 of £22, 143, 276, h 8 . 



The Bonds 6 per 100 3d série, the Bonds with primes 

 fully paid, the Bonds with primes, 110 francs paid, are not 

 included in this account, because the first and last ones re- 

 present about the same amount deposited with the Civil so- 

 ciety. As to the Bonds with primes, fully paid, I believe that 

 they are very few and would not alter much the sum acqui- 

 red by the new Company. 



To meet this total of è 22. 143. 276. 5 s , the holders of the 

 Panama Shares and Bonds will have to pay every six months 

 very small sums as explained in the adjoining table. 



2 Shares of ê%0 (which have actually lost all their rights) will 



be received in payment by the new Company, at € 5. 10. 



1 Bond 5 0/0 subscribed at 437 fr., 50 . . . 8.16. 



2 Bonds 3 0/0 at 285 fr. , at € 6 each .... 12.0. 



6 2 ,,4 0/0 at 333 fr., at € 6 s 12 13.4. 



1 „ 60/0 , first série at 450 fr., £8. 16 . . . 8.16. 



1 ,, 6 0/0, 2d at 440 fr., at €8. 16 ... . 8.16. 



1 ,, 6 0/0 3 d série warranted, at €8. 16. . . 8 16. 



1 ,, with prime (fully paid), at 440 fr., 8. 16. . 8.16. 



Consequently, 2 Shares ofê 20 will have the right to sub- 

 scribe to 1 Share of the new Company, payable as follows : 



2 Panama Shares received in payment ate 5 . 10. 0. 



Subscription 0.10. 



Allotment 0.10. 



11 Calls from the 1 st July 1893, to 1 st July 



1898 inclusive, at 16» 44- — 9. 0. 



Total £ 



20. 0. 



1 Bond 5 0/0 will have the right to subscribe to 1 Share 

 of the new Company as follows : 



I Bond 5 0/0 received in payement, for. . ê 8.16. 



Subscription 0.10. 



Allotment 0.10. 



II Calls from 1 st July 1893 to 1 st July 1898 

 inclusive, at 10 shillings 8 d 10. 4. 



Total. . . ê 20. 0. 

 (7b be continued.) 



