The Express.
London, England, 1864-03-18 00:00:00

B. lewell Mak rut, Publi;Accountant. 0, Oreobanainoili.
Peen. Ilaynerd4.zeq..
ine—O. W. Public Accountant
Boswe,ll, 19
En. . Bresdelseet.
Wr
Temporary Mins —The Mass of the Mercantile Credit AM.
station (Limited). 11, Theeedseedlecareet,
Of ell rostilioaer AM can Gem snow Ib ilonoalla
nation of "Int-clan, both for stability as well as increasing to
' nine year by year, none can at all compere with freehold- or
long leasehold City of London property, especially that portion
Mtuated within a radius of 1,000 yards of the Bank of England ;
this fact la so well known, that the greaten competition Is ex-
' cited when any property of this description is offered In the
market . and Lace an the rise in value of such property has been
during the last few yeses, It I admitted by all conversant with
the subject that a still greater increase must continue to take
place from the Impossibility of supplying the suitable accommo-
dation required by Mut-stock °empanel' and commercial and
professional Irma.
The City Offices Company (Limited) have agreed for the pm-
chew of the undermentioned saes of land, with the buildings
thereon, which for eligibility of situation and Mu of each block
are such as can rarely be acquired, as the following enumeration
will amply prove , they are in five blocks, viz, A, B, C, 1), and B
Block A consists of the freehold premise' 14, 26a, td, T/, in
Clement's-Mae, Lombard-street, with Na 0, 10, and 11 In Naga
Bead and 3,4, and 6, Church-court, the whole fanning •
magniboent block of premien, with Lights, and entrance on
three 11 ;es, and extending back to Oracechurch-street: It has
25 feet frontage and 160 feet decd, and oentains 9.900 square
superficial feet, and is the largest block so near Lontharistreet
that has been in the market for some years.
Block It consists of the well-known lea hold block of new offices
situated 911, Lesdenhalbstreet, nearly opposite the Peninsular and
Oriental Company's lonics, and extending tack to Lame-street-
square it loan been erected within the last three yea. s, from
' the designs of John Pilfichoord. Esq., end contains 130 first-'
oboe offices, with four &hops, the whole let to tint-class mar-
chants and others: It has fire-proof corridors and stone stair-
cases, and poeseenes the moat modern Improvements including
telegraph station. buffet, Re., In the building. The lease is ;or
94 years, at a ground rent .4 C;00 per annum, It bas's frontage
of CO feet, and 170 feet iu depth, and continua 10,S0 square
roperficial feet.
Block C consists of the handsome edifices erected within the last
seven years, from design" by John Barnett, Esq., architect for
Mesnrs. John Sart and Sons, silversmiths, and situated 17 and it,
Cornhill, directly opposite the Bank of England, and alike for
elegant of building as well as situation perhaps the moat de-
sirable in the City. With • very trilling matey, these, In ac-
cordance with the plus and designs origiully made, will be
converted in about three weeks Into offices, and two-thirds of
the building hay already been let, the ground door and mennine
floor tieing rented by the Credit Wobilier and Credit Fancier
Cunpanies. These premises are leasehold for 00 years, at a
ground rent of LetO per annum.
Block D canasta of the new and substantial block of *Moen
erected within the last three years, and are built in the most
substantial manner. It contains fifty-five oaten besides %suite,
the whole, stomata.: four, being let, and offers bans made for
these. It is freehold, has a frontage of 52 feet and depth of SO
feet, and contains 4,100 superficial square feet, and is situated at
13,..0rtat Tower-street, surSlasit.hun.

Block E is the tergeal block in the City, It 4 situate In Bishops-
eateatreet, opposite St Itelmes-plage, with a thoroughfare to
be through to Old Ltruadaarect, and its the centre of the
bock adjoins Gresham house . it contains 11,000 square feet. It
may be ceaveileat to give an idea of the alas of this One site of
laa 1. to say that it is more than four times the else of the Auc-
tion Mart. lately sold. and when covered, will be among the
largest and meet carrenlently arranged dices in the City. This
plot is leasehold for VD years, at a ground rent of £4,000 per
601111 M.

7M price at which the City Mem Compbefany Limited) has
aged for the purchase of the whole of the enumerated
lie blocks 4 4366,000. Including all buildingsore thereon. Mb
price gives, after adding thereto the cost of purchasing the tree-
hokl of the what. of the leasehold portions, and deductiag the
value of the sew buildings thereon, all average price only gp
per square foot, whieh, compared with the prices paid for the
three last properties sold within six weeks, gives the following
results—viz.

_ .
The Auction Mart ;freehold`, containing an area of about 5,800
square feet, cost 0115.250, which gives an average of tin per foot.
The leasehold premises. No 80. Lninhardatrect, occupied by
the Colonial Laturiusce Company. containing only 1,010 feet, sold
to a well-known balker for £30.000. subject to a ground rent of
£5,0 per annum. for 61 yearn. which, allowing as In former cal-
mdations tor purchase of freehold, and deducting value of new
building thereon, gives iST per gene foot.
The leasehold premiers in Finch-lane:lately occupied by the
London and Illdilleses Bank, containing only 600 feet, realised
£lO.lOO, and this subject to a ground rent of s:500 per annum.
which showing for purchase of freehold, and deducting value of
new building, glees about LSO per square font.

It will hee;n. therefore. alit if large profits can he realised,
as they undoubtedly can be, on Mad costing a:2O. £3O. and sif
per foot respectively, the prospects sod probable profits of there
acquired by this company, costing only t 9 per foot, wilt be evi-
dent at drat sight if they were re-sold at even the lowest of
these three quotations. It would leave the City Ollces Company
(limited, a very lope profit on the cost.
. .

a otopsny s planu operations will consist In adapting such
of these premises its may be suitable, and erecting new buildings
on the remainder, the whole to be let off as ottlees suitable for
banks, large companies, or commercial and proftwaimial grins
and from raleulationa made, based upon moderate rentals, a
return of from 15 to 20 per omit. on the outlay may be fairly
relied on. The Company will also from time to time acquire
other properties, as the opportunities present theruselte; for
the pwlncwes of rewal• or otherwise. . .

the lane of debentures or otherwise, the paid-up share
capital will be kept at the lowest possible poink
It is believed that u an essentially home Investment. ono an
SWIM. and at the same time so remunerative, Is eerily brought
to the notice of the public, being wholly free from the specula-
tire charaver incidental to many joint stock entenirims the
model on which the business operations will be coodneted will
he that of Gresham-house Chanthers, in Old Broadatreet, City
Bank Chambers, Three Ineedleatreet, and County Chanshete,
Lonsbard-street, the success of which is well known, the only
difference being, that whilst those properties are in the hands of
a sew capitalists, the properties acquired by this Company will
be distributed over a large body of shareholders, which will thus
put investors of moderate means in the same position to reap
the advantages of large retunia on City property, which the
magnitude of the amounts reipilred has hitherto made it impos-
sible to any but very wealthy men to undertake.
In the allotment of shares, a proportion will le reserved for
applicant who are shareholders in the Mercantile Credit Asso-
ciation (Limited , sail the Credit Fonder Limited' the re-
mainder will be distributed among the general
In the event of no allotment of shares being mule, the deposit
will be returned in full. Should • less number of shares he
allotted than are applied for, the deposit will be made available
towards the pay meat doe on allotment, sad the balance, if any,
retooled to the applicant.
Prospectuses and forms of application for shares, In the firm
annexed, miy he obtained at the Temporary Offices of the Com-
pany, at the Bees of the MercantiletheditAssoelatMn
11, Threadneedleetreet: avid the Credit Footle (Limited', rO.
Lombard street. also of the Bankers, Brokers, Solicitors, and
Secretary.

Tug CITY OFFICIVI COMPANY 'Limited;.
FORX OP APPLICATION FOR SMARM
!CO. To he retained by the Bankers.
To the Directors of the City Oakes Company 'Limited)
Gentlemen,—Haviug paid to your Bankers, Messrs. Masterman,
Peters, and Co., the sum of € being a deposit of €1 nee
share on shares in the above Cc: moony. I hereby request that
you wIU allot Mt that number, and Meares to world such shares or
any less number you may allot to me : and I agree to pay the
deposit on sliotment and to sign the articles of association of
the Company when required, and I anthortse you to insert my
Dome on the register of members for the number of shares
allotted to me. _

Tonal Mannar,
Nam, lu tun
Reoldenne
?retrain
Data Man° 1864.

THE CITY OFFICES COMPANY (Limited).
NOTICE IS HEREBY GIVEN, th.l. the LIST of APPLI-
CATIONS for SHARD+ in this Company .111 be cItYtED at 4
o'clock on MONDAY next, the net instant, for Loath:la. aad
TI:LDAY, the 22nd, for country applications.
By *Ma of the Board,
O. W. BENWELL, Secretary.
London, Threadneedle-street, March 17, 1864.

CONSIGNMENT of PLANTS from ROLLAND.

AR C. . STEVENS will SELL Lai W Meatßooms, Sa, Xing-street, Covretirsrden,
TO MORROW, March 13. at half•past 12 precisely. • splendid as-
sortment of dwarf trained. standard, halfmandard, pyrantldal,
and dwarf CHERRY, Apricot, Peach, Pear, and Plum TREES,
standard mess. hales, Morels, conifers, Iles. grapes. currants,
awedc
froneeberries. rhododendrons, dc.—On view the morning of sale,
atalogues had.