The Express.
London, England, 1864-03-19 00:00:00

(Stamped, ld. Additional]

THE WARRANT BANKING COMPANY
(Limited).
FOB ADVANCE!) on 11 INCBANDISE and SECPRITIIII.
ender the Companies Act. Ition.
ItiperjealVo,ooo, to 4.000 *bares of £5O each.
Pint issue. 00,000 shares.
.

Deposit. Et per 'Ur; on ippllatlon, and 0.4 par Aare on
anotinent.
_ _ _ . .

Future calls win not excee7;;Tr---iltare, at interrale of three

months.
Joseph Bravo, Bag., of J Bravo and Co., London.
Archibald Bruce, Esq., of the late arm of Bruce'land Co., Ab-
church lane, London.
W. J. R. tkitton, Eaq.,of Culverersil. Brooks, and Cotton, London.
A. D. De Pan, Bag., of De Pass and Sons, London.
Abel Heywood. Esq. ea. Mayor of Manchester, Director
the Alliance Bank, ilanchester.
George Harvey Jay, rag., Tokenhoese.yard, late o the Area of
Quitter, Ball, and Jay, London.
Thomas , Esq., of Thomas Jolly and Co.. Manchester.
%Mara Mc , Bsq. , of Wm. McAndrew and Sons. London.
H. R. Marriott, faq., of Henry Marriott and Co., Manchester.
William IL Neill, Esq., of Netli Brothers and Co , London and
Manchester.
George Palmer Robinson, Pp., Director of the Alliance Bank,
• -----

London.
Albert Ricardo, Pap_ of A and W. Ricardo. London.
William Ravatron, Rag., of Ralpb Ranatron. Manchester.

BAsirits
London. Liverpool. and bfancbester—The Alliance Bank_
SOW/TOILS

London—Vern. Tyson, fatiutiiii,CurUng, and Walls, Frede-
rick's-Wage, Old Jewry.
„ Ileum Thu and Argiea, Mincing lane.
I=ll.7._dearra. Pletcher, Kull, and Stone.
Marrs Sale. Worthington, Shipman, and Seddon.
trlndon—Weaere. J. alsitinnbead. Woorgotteetreet.
7.tverl—Yews. Ganeptonse and Chamberlain.
lieneter—lleurs Shore and Kirk.
Temporary Omen—!l, Throginortonotreet, London.
PROSPECTUS
__• _ _

While exchange banks and credit the-titutions have been esta-
blished to connect this country financially with almost emery
foreign marital, and to give thellities for conveying to our &horse
every description of merchandise, it is remarkable that as soon
as the operation of Impordag is performed the smeary &cultics
are withdrawn. The bilis drown upon our merchants mature,
and mud either be met by the merchant's capital unaided, or by
Wes. Thus, when temporarily there is au mesas of any com-
modity Imported. It. price is unduly depressed, 111111 seriousloaces
are Whirred. Ordinary bankers and di/COORS homes dislike
making advances smolt merchandise. having no oganiesties for
examiningthe goods and correctly estimating their value. What
they west are good bills, drawn on those who, knowing the
glue, have accepted for a fair advance. Division of labiate is
here as eleewhere found to be meat congaient and profitable.
To meet this wank which every merchant must acknowledge,
the Warrant Banking skimping is formed. The business of the
Company will mainly comost in making advances upon deposit
of the staple articles of proclaim, represented by dock warrants
or other means of Omelet* anthitunent. duly Inspected and
valued on behalf of the Company, and with a proper margin to
allow for depreciation.
These advances will be made In acceptances by the Company
of the drafts of its customers, and as every bill will represent
merchandise readily convertible, and be at the same tune se-
cured by the whole capital of a powerful Company, the exact
position of which will be patent to all, there eon be ne doubt
that the whole discount market will be available when It Ii de-
sired by the holder to turn the bill into cash.
It will be readily apparent that the existence of such en MAl-
tution. while It will be of great service to merchants. and In-
crease the stability of the entire class, will be an equal conveni-
ence to bankers and discount firms, furnishing them with a
class of tills rarely obtainable. In order to render the doe pay-
ment of the Compsity's•oceptaness certain, the Directors under-
take that the entire- paid•np capital of the Company will be In-
vested and. so far as practicable, remain invested in British and
East Indian Government .comities, and upon deposit at call,
and It Is proposed that the capital thus paid up and invested
within the first year shall reach the sum of at lame £1e15,1100.

TGe Arid rlali7tniatsfOi7snchiii7;d;Vt-a-kiniCarlll.-lieat. ones
apparent from a glance at the Board ..f Trade returns of foreign
imports for the past year, which amounted not to speak of
home produce, to over £20f5.006,f,00 If we estimate the average
stock of foreign goods held in warehouse as equal to three months
consumption, it would represent sn amount of 1'.4.000,000.
Advances may Mao be made when deemed advisahle upon
stocks and shares in permanent undertakinip readily con-
vertible.

-.llMOSnaable proportion will always be maintained between
the extent of business undertaken and the called up capitaL
•hoed it be nioeseary. the latterwill be increased to one million
sterling. to be invested, as already indicated, simply as a Iwan.
tee fend.

—iiD;iscies will. in dee time, be eateblithed at Liverpool. Man-
chester. Glasgow, ke.,
The Directors will not receive any remuneration until the
shareholders have been paid Viper cent. be way of dividend on
their paid-up capital. After payment of 5 per cent., the Directors
will receive one-Gfth of the wet pronto.
No promotion money will be i aid for ode:Mating this under-
taking. The preliminary espionage will be wannest to the feces-
ear, disbursement..
Protpeattues, and teems of application for shares, may be ob
tamed of the brokers, bankers, solicitors. sod at the temporary
of iece of the Company, hat no application for will be con-
=eons a deposit of SG per gambits bees prencesly pied
of a° CaehP,N. . . . .

—ln the event of no allot;nent being made. the deposit
Nit Ite returned without deduction. and alionti the number
alMdte•l he leas than the number applied for. the pa) mci.t to ex.
coos will be applied towards the balance of the deposit.

PORN OF APPLICATION FOR MAW.
N 0.... (1 o lir retained by the glamor.,
To the Director. of The Warrant Ranking Company ;limited.)
Gentlemen,—llav lug gild to your Bankers the mini of B
being a deposit of a.l per Chun on Shares iu the above
Company, I hereby request that you win allot me that number.
and I aaree to become a member of the Company In respect of
such shares, or in re.pect of any less number you may :4114 me;
and to pay on allotment the further deposit of a:4 per Share
thereon, and I request that my name may he placed OD the
Register of If erubo• for the ',hares so allotted.
Name In full
Residence
Profession or buboes
Date