The Express.
London, England, 1864-03-14 00:00:00

THN WARRANT BANICING COMPANY
ros ADVANCICIS on IIPIDI:Slt tad fiIteIJEITIAL •
j=eriltadoot nod.
iatteo.Coinooo =i,tzsot.lBl,olll
First lieu:. 20,000 shares.
Deposit, £1 par share on application, and ,C 4 per share on
snotment.
Future calls win not exceed 1.3 per share, at intervals of Wes
menthe.

Joseph Bravo, of J. lingo i:;t1 00., London.
Aschibald Brace, Esq., of the late arm of Bruce and Co., Ab•
church-lace, London.
W. J. B. Conon, Req., of Carrerwsik Brooks's/lid Cotton, Landow
A. D. De Pam, Esq.. of De Pass god Bona, London.
Abel Heywood. Yaq, Mayor of Ilaocheetxr, Director of
the Alliance Bank, liasaheehee.
Ceartertiarvey /ay, Paq., Tokenbourelard, late o the arm of
, Ball, and Jay. Louden.
Thomas Jolly, Esq., of Thomas Jolly and Co., Manchester.
William McAndrew, Itaq , of Wm. McAndrow nod. Landow
H. B. Ilerriott. Mq., of Rain Marriott and Co., Manchester.
William M. Neill, Ain., of Nell Brothers aad Co London and
Manchester.
George Palmer Robiason. Elm, Director of the Allance Bank,
London.
Albert Ricardo, Req., of A. and WW. Ricardo, London.
William kangaroo, raq., of Ralph Rawstron. Manchester.

Landow, Liverpool. and Manchester—The Affiance Bank.
enuatnnta
London—Messra nom Tatham, Curßag, and Walls, Freda-
eicroplegaik Oki Jewry
„ Mew. Tux and Arglea Minclog.lane.
11=1-11esara Fletcber, hull, and 'gone
ter—lecaara Bale. Wortidngtun, Shipman, and Seddon.

swami.
Loodcm—lteram. S. alai J. Rhltebeed, Moorgate-dreet.
GeagaaY►aM Chambergala
Manchester—Slearra. More sad Kirk.
Temporary Offton—Yl, Tbrograortma-street, London.

PR9BPEcr"

While exchange banks and credli. -Carnations have been este.
bilahal to connect this country anancialry with almost every
foreign market, and to give facilities for conveying to our shores
every description of merchandise, it is remarkable that as soon
as the operation of Importing Is performed the mor.etary facilities
el, withdrawn. The bills draws upon oar merchants =tam
and must either be met by the merchant's capital unaided, or by
sales. Thus, when temporarily there Is en 'scene of any com-
modity imported. its price Is unduly depressed. and merlons losses
are incurred. Ordinary bankers and discount houses dislike
making advances upon merchandise. having no ogauts►tlon for
examining the goods and correctly estimating their valise. What
they want are good bills, drawn on those who. knowleg the
value, have accepted for a fair advance. Division of labour is
here as elsewhere found to be most convenient and profitable.
To meet this want, which every merchant mug acknowledge.
the Warrant Banking Company is formed. The business of the
Company will mainly commit in making advances upon deposit
of the staple articles of produce., represented by dock werrants
or other means of absolute assignment. duly inspected and
valued on behalf of the lompany, end with a proper margin to
allow for depreciation.
The, advances will be made in acceptances by the Company
of the drafts of its customers and aa every bill will represent
merchaudise readily convertible, and he at the same time se-
cured by the whole capital of a powerful Company, the exact
position of which will be patent to all, there can be no doubt
that the whole discount market will be available %hen it is de-
sired by the holder to earn the bill Into cash.
It will be readily apparent that the existence of such as Insti-
tution, while It will be of great service to merchants, and in-
crease the stability of the entire class, will be an equal conceal-
ewe to bankers end discount Areas, furnishing them with a
chits of bills rarely obtainable. In order to render the due pay-
ment of the Company's acceptancescertaln, the Directors under-
take that the entire paidoso capital of the Company will be in-
vested and, so tor as practicable, remain invested in British and
Bart Indian Government securities, and upon deposit at call,
and it i/ proposed that the capital thus paid up and invested
within the first year shall reach the sum °e at Meg 1.200,000.
The field which exists for such an undertaking will be at oace
apparent from a glance at the Board of Trade returns of foreign
imports for the pest year, which amounted !not to swat of
home producer to over A 400,00000. If we estimate the average
stock of foreign goods held in warehouse coequal to three months
consumption. It would represent an amount of g:-0.000.000.
Advances may also be made when deemed advisable upon
stocks and shares In permanent undertakings readily con-

A reasonable proportton always be maintained between
the extent of business undertaken and the callod up =
Mould It be necessary, the latter will be increased to one
starling. to be invested, as already indicated, simply as a paean-
tea fund

--liraTleises will, In due time, be established at I.lrerpool,
Yaa-
ehester. Glasgow, Re, de.
Tbe Directors will not receive any remunerates until the
shsrebolden have been paid ~S per cent by way of dividend on
their rialilup capital. After payment of 5 per cent., the Directors
will receive one-fifth of the net profits.
No promotion money will be . abl for originating this under-
taking. The preliminary expenses will be confined to the neces-
sary disbarseinenta
Prospectuses, and forms of application far shares, may be ob-
tained of the lookers, bankers, solicitors, sid at the temporary
offices of the Company, but no application for shares si ill be con-
sidered nukes a deposit of Cl per span has been previously plod
to the bankers of the Company.
In the event of no allotment being made, the deposit
will be returned without deduction, and should the number
allotted be less than the number applied for, the payment In ex-
cess will be applied towards the balance of the deposit,

TORY Or APPLI,ATION rOll SNARLS.
N 0.... (To be retained by the hankers.
To the Direcion of The Warrant Bank Jug Company ;Limited.)
Gentlernen,—lissing paid to your Dsokers the sum of t.
beaus a deposit of XI per Share on Shares In the above
Company, I hereby request that you will allot me that number,
and I aeree to become a member of the Company In respect of
such Shares, or In respect of any less number you may (LILA me
and to pay on allotment the farther deposit of t 4 per Share
thereon, and I request that my name may be placed on the
Resister of Members for the Shares so allotted.
Name in full
Residence
Profession or toga=
Date