The City Offices Company (limited) is issuing debentures for 300,0001.
at 5 per cent. for five years, at the expiration of which term they will be paid off. The debentures, principal and interest, are guaranteed by the Credit Foncier and Credit Mobilier, and secured on new offices constructing or in existence in Clement's Lane, Lombard Street, Leadenhall Street, Cornhill, and other sites in the City. The company calculate the value of these properties at 46,0001. a year, after deducting insurance, repairs, and all other incidental expenses. The interest will be payable from date of payment, and the debentures transferable like railway debentures.