The Express.
London, England, 1864-02-16 00:00:00

CalitlT FONOIRR of MAURITIUS (Limited).
emporeted with Limbed [tamers under tbe
Companies Act. teat
Capital, 1.500 OW, in 10,000 Slaves of .C6O each.
Payable ea allotment. 1.2 pee Mum. It la coatempiated that
about $.lO per Mare will be called up.
MILICTOU

Colonel Balfour, C. 8., late Chided MlMary Finance Department
of India, Director of the Lead Moffigige leak of India.
Slr John P. Grant, C.C.S., late Lieutenant-Governor of Bengal,
and Director of the Land Mortgage Bank of India.
George Henry Money, Res, 9, Berkeley-street, iterkeleysquare.
George Palmer Robinson,
Seq., Director of the Alliance Bank of
Loaders and I:verpooL
Richard Spooner, laq., Deputy -Chairman of the Bank of Bin.
diugan.
Lieutenant-Colonel F. A. V. Thurbura, late Deputy Commissioner
of Revenue In Oude.
Henry Young, Eel., late Chief Secretary to the Government at
lkea
Georgeleihew, Sm., late Chief Medical Officer at Mauritius.
RACIUSICS 101.10.
The Honourable Cflleourt Anletme, Member of the Legislative
Cometi, sad Leaded Proprietor.
The Hanourabie Heart Pitot, Member of the Legislative Council,
C
leaded Proprietor.
G. C. Bourguignou, Yeq., Merchant and landed Proprietor.
Henri Flamm Esq., Merchant and Leaded Proprietor.
Volq do ilesaerliatt Req., loaded Proprietor.
LONDON AOUT9.—The Litel Mortgage Bank of India. Leaked.
BARLRID.
London—Alliance Bank of Loudon and Liverpool.
Mauritian—The Chartered Mercantile Beak of ladle, Loudon,
and China.
SOLICITORS —lfearu Flux and Argies, Mincing.lane.
Eillocihe—Yeas. J. and A. Serhegemr, 10, Old Broad-strest.
Sagagrxer PRO 1121—Wes. Gnaw Dick. Eft.
Offices— Lead Mortgage Bank of India, 17, Change.alley, EC.
The progress of Mauritian, as the chef seat of the production
of sugar by free laboar, has bees such as to create a large sad
ramble leaded prosesty, which affords an excellent held for
the operation of • teed Mortgage Bank or Crtilit Fower.
The following table of the exports of sugar from Mauritius
gives the beet proof of this program and shows how dimly the
prosperity of the Colony is now established
Tons.
1860 MSS 1866 .
1851
1862
1662
1944
1355
The crop of 1961. owing 26, to 4•46 hurricane, only produced 105,000
toes. bat that of UN reached 11113,e00 tom
This production tends every year to increase with the facilities
of Moaning labour treat ladle with extended cultivation end
isriesiticia, sad with the astalsßeheamt of railroads, which are la
course of execution. and will be partially open to traffic la the
early part of this year.
At the present rate of production the annual vales of the sugar
crop may be taken at 13,010.000. sod the fee-simple value of the
mar Metes at 5A,000,000 ; in addition to which there is a large
amount of real property in lands, houses, stud other forma.
There I. also grist some kw awful outlay of capital in im•
provementa m estates by erecting new machinery, chafing waste
lands, and irrigating.
The rate of Interest is exceedingly high, and a rate equal to 10
per cent. per annum, ar C per cent. interest. with 2 pee amt.
commission, would he readily paid on loans redeemable by annul-
ties, and wish a security sever less t so double the admace.
It is estimated that • sem of £1,000,000 might be safely in-
vested at this rate.
Supposing 31,000,600 only to be Invested at a Mermen of
4 per cent between the rate paid upon b In England sad re-
ceived in Mauritius, It is evident that the profit on the pald-up
portion of the share eepliel, which would not exceed 3100,000 or
3160,000, would be eery large.
The remainder of the Wes capital of 3500,000, together with
the amount of fret mortgages ou first-clam real property, which
would always equal the amount of bonds issued, would thus give
these bonds an anexceptiemble murk,.
The legislation of Mauritius affords great advantages for the
establishment of • Credit Fender
It is Um same as PAS of the Trench Code Civil and • law pee
viding • simple and effective registratlan of all mortgages has
)oat
sten paned for the uprises purpose of facilitating the seeth-
ae of companies to lead upon land.
trader these circumstances an application has been made to
the Newton of the Lad Mortgage Bank of India, on behalf of
• lane number of the principal Members of the Legislative
Council and leaded proprieties of Mauritius. to establish a
Wench there.
The Dirocters of the land Mortgage bank were of opiates that
Mauritius promised aa excellent Odd of operations. but am the
nature .f the properties and tenures of land are different from
thine of India, to which the original subscriptions of their Sank
were Invited, It was thought better to mi.* • separate capital
end constitute anew company, which, while connected with the
Mortgage Bank by friendly relatiom, should yet be a WAWA
institution. The close connexion between Mauritius and ladle
readers this alliance peculiarly desirable, and will be the mesas
of securing valuable business to the new Company, while the
expensive of an office and establishment In London will be Mag.
Milled by mutually advantageous arrangements.
A deport of at is payable on allotment, and calls by Instal.
meats up to .SIO per share will lit made, after which it Is he
tended to issue bonds.
The ambles of association Ile at the offices of the solicitors foe
Inspection.
Applicatior.a may be made In the sneezed form, addressed to
the vans of the lead Mortgege Beak of India ilisaiSed;.
Change-alley, or to the brokers,

111,979
114,1300
119.836
IWO,
mom