A balloon-borne hard X-ray telescope is described that has been designed to make highly sensitive observations of cosmic sources in the energy range 15 to 300 keV. The payload is characterized by a combination of NaI(Tl) based detector of a novel design and spectroscopic proportional counters, providing a total sensitive area of 5000 cm2 and a 1 standard deviation sensitivity at the level of about 4 × 10−6 photons cm−2 s−1 keV−1. All of the telescope sub-systems are described including the micro-processor based orientation platform that provides a pointing stability of better than 10 arc min. The physical characteristics of the detectors are included along with a summary of the telescope performance during a balloon flight in 1982.