The Press.
London, England, 1855-12-01 00:00:00

CONTINENTAL DEPARTMENT.

But, however encouraging may be the prospects of an addi-
tional Joint-stock Bank for the transaction of London business,
the Directors desire to state that one or the prominent features
of their undertaking is to extend the English system of joint-
stock banking to the Continent, and to establish a Branch Bank
or Agency in Paris, to ba conducted by competent persons,
specially empowered by the London Directors. These gentlemen
will act under the supervision of a Conseil tie Surveillance, con-
sisting of persons of high position and of great financial experi-
ence in France.

The administrators of the Paris branch, so soon as it is es-
tablished, will apply in the usual manner to open an account
with the Bank of France.

Inquiries have been made by well-qualified 'persons as to the
present mode of conducting monetary traneactions in France,
and as to the practicability and expediency of intro,,ucing on the
Continent what may be considered there a ne ft system of banking,
namely, the receiving of deposits, the discounting of bills. and
the other legitimate operations of a bank of deposit in England,
by a joint-stock company, chartered under the act of 1d44. con-
ducted by a Court of Directors iu Loudon, with a branch at Paris,
and having applied to its management the most approved prin-
ciples of English banking. The result of these inquiries has
been most satisfactory and most encouraging.
A Deputation of the Directors have had communications with
the Minister of the Interior in Paris, and they have the Batista°.
tion to state that there exists not only no objection, on political,
commercial, or legal grounds to such an Institution, but that it
will meet with countenance and support.
Paris being the great centre through which the continental
exchanges and the monetary operations between France and
England are transacted, the establishment of an International
Bank, such as the London and Purls Joint-stock Bank, is a
matter of manifest expediency and necessity, and will contribute
to cement the alliance so happily existing, by multiplying the
bonds of common interest.

Its convenience as a Bank of Deposit, and the security it will
afford to the numerous and influential British and American
residents in, and visitors to, Paris, form an additional couside•
ration of no inconsidtrable importance.
The returns of the Board of Trade show the vast extent and
annual increase of the commercial transactions between Great
Britain and France.

As regards the port of London alone, it appears by the last
returns, published March, ;855, No. 2s, that, in the year 1853-4,,
the tonnage of vessels entered in the port of London with car-
goes from France was no less than 176.89 a tons, and that the
tonnage of vessels with cargoes cleared from tho port of London
for France waa 142,798 tone. This amount of tonnage is larger

DECEMBER 1, 1855.

than that from the port of London to any other foreign country
in the world, and is exceeded only by the amount of tonnage
from the port of Loudon to the East Indies.
The operations of the Paris Branch will be restricted to legiti-
mate business only, avoiding all kinds of speculation, and
making no advances except upon satisfactory security.
The subjoined table shows the present condition of the leading
chartered banks (Societe amonyme) in

same of Bank.

Bank of France ..
Credit Mobilier....
Compt. d'Esoompte

I
Amount Present
paid up Market
per Share. Price.

Francs. Francs.
1,000 3,195
500 1,171
500 b3l)

Rate of
for the Dividend
Last Year „,,, An
per Share. r

Francs. Per Cent
184 18e
69 12
43 8}

Under these favorable circumstances the London and Paris
Joint-stock Bank has been formed; and when it is considered
that London is the focus of the largest banking operations in
the world—that the monetary and mercantile transactions
between England and France, already very large, are likely to
increase to an extent to which a limit can hardly be assigned,
it may be fairly anticipated that this Bank will realise a profit to
the Shareholders equal to that of any of the joint-stock banks
before mentioned.
Considering, likewise, the intimate relations which subsist
between the two countries, the Directors feel warranted In ex-
pressing their conviction that it is difficult to estimate adequately
the future magnitude, importance, and advantages—political as
well as commercial—of ,an international banking institution, ap-
pertaining equally to Great Britain and Fiance, conducted on
the soundest and strictest principles of English Banking, and
tending to promote the identification of commercial interests,
transactions, and feelings among the people of these two great
empires.
Prospectuses and forms of application for shares may be had
of Messrs. P. Cazenove and Co., stock and share brokera,
92, Lothhury ; or at the offices, 4, Princes-street, Mansion-house.
By order, JAMES KNIGHT, General Manager.

Form of application for Shares in the London and Paris Joint-
stock Bank. To be incorporated by Royal Charter. Com-
mencing capital 600,0001. sterling, in 6,000 shares of 1001. each.
Offices, 4, Princes-street, Mansion-house, Loudon.
To the Directors of the London and Paris Joint-stock Bank.
Gentlemen,—l request that you will allot me shares of 1001.
each in the above Bank ; and in consideration of such allot-
ment, or any less number you may appropriate to me, I
hereby undertake to pay the deposit, or first call of 101. per
share thereon, and 401. at the time of incorporation. I
further undertake to execute the Deed of Settlement when
required.

Datel this

day of

,185 .

Reference
Name (in full)
Residence
Profession or trade
Place of business

On the Ist of December,lBss, will be published, price One Shilling,
with Two Illustrations by H. K. Browne (Phis), Part XIV. of
HARRY COVERDALE'S COURTSHIP,
AND ALL THAT CAME OF IT : chewing how this
misguided young man fell from the ways of good fellowship and
(in)sobriety ; how for his sins he was condemned to—Matri-
mony ; together with a detailed account of his sufferings in that
state of bondage By FRANK E. SMEDLEY, Author of
"Frank Fairlegh," " Lewis Arundel," &c.
VIRTUE, HALL, and VIRTUE, 20, Paternoster-row.