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

LONDON, SATURDAY EVENING. mAnctr 19, 1864.

THE CITY OFFICES COMPANY
under " The Companies Act, nut'
The 11.M17/Teill CREDIT ASSOCIATION (Limited). In
conjunction with the CREDIT PONCHO. (Itoittedj, aro
PSY-PASED to StECILIPZ SUBSCItIPTIONS for the CAPITAL of

CITY Oirietraiiiiiir (Gas; c). --
Capital 41.000000, In 20,000 shares of a 0 each.
Drpoeft on application 41 per Aare, and 5.4 on allotment.
Calls not to exceed ZS pie share. sad at intervals of not less
than three mouths.

No call will be made ante after erwiratlon of three months
. from the date of allotment.

It la not intended to all4l;74than fif;er share : but when
It ia found that more share capital can be advantageousl, em-
trzied. power wit be taken to Increase the capital, a preference
gives Sotto then exis
onlototttt
ting shareholders.

H. T. L. Astley, Esq. Ileum Astley and Co.), Nicholas.hoie.
Thomas DON, Req. ig.lderrun), Abohurch-lane.
Charles Rills, Eim Lloyd's.
James loniet. 11 aq. lines ArmalarlE
Edward Itafterrilan, Esq. (Messrs. )lastennati, Peters, and Co.),
London.
Edward Warw. HIE
F. G. Westmorland. PatteLiJoya and Co.), London.
The
T Right Roo. JamesWortley.
BaggßlA—Hers, Masterson. Peters, sad Co., London.
• SOLICTIVIUL
Yens. Edwards and Co.. Westrainsinr.
Hamra Newbon. Evans, and Co., L 4 Nicholas-lane.
Messrs. Hughes, tlasterman, and Hughes, Bucidersbr"

witßs.

Mess. Laurence. Son, and Peirc—e. Bartholomewdanc, E.C.
Yens. Zobinsand Berber, Threadneedle-street
• AC DrfOILB.
.

fk Lowell Price, Eaq., Public Accountant, 5, Greahanivtreet.
Freak- Maynard, Esq., Public Accountant, 19. Breadatreet.
—G. W. Benwell,
Seenpaeary Offiem—llia Offices of tbe Merasottle Credit /ow
elation (Limited), tl. Threadoiwidlestreet.
Of en menrtlies er property that oats come tinder the desalini-
sation of i'firsteciam," both for stability as wall a• increiminif its
value year b year, none can at all compare with freehold or
long City of London property, especially that portion
eltpated within a radius of 1,900 yards of the Bank of England
thts fact Is so well known, that the greatest competition to ex-
cited when any property of this description Is offered In the
market and large as the rise to value of such property has boon
during the last few years, it Is admitted by all conversant with
the subject that a still greater increase must continua to take
place from the impossibility of supplying the suitable accommo-
defies required by joint-stock companies and commercial and
professional firma
The City Offiass Company (limited) lave agreed for the,
_pur-
chase of the nodermentionni sues of land, with the buildings
thereon, which for eligibility of situation and size of each block
are niches can rarely be acquired, as the following enumeration
will amply prose they are In eve blockt, via, A, B, C, D, and E.
Block A repasts of the freehold premises 25, Via. le, 27, In
Clement's-lane, Lombard-street, with No. 9, 10, and 11 la Nag's
Headwork and 3,4, and 5, Church-court, the whole forming •
maguincent block of premises, with lights, and entrances on
three al fee, and extending back to Gracechurch.street: It has
de feet frontage and 160 feet depth, sad contains 9,900 square
superficial feet, and is the largest block so near Lonabardatrect
that has been in the market for some years.
Block B connate of the well-known leashold blacker new offices
situated 29, leadenball.street, nearly opposite the Peninsular and
Oriental Company*. 'office, and extending back to Idnie.strect-
square it has been erected within the last three yea's, from
the designs of John Whichcord £aq., and contains 120 first-
class with four shops, the whole let to first-lam mer-
chants and others : It has Ore-proof corridors and stone stair-
cases, and possesses the meet modem improvements. Including
telegraph station, buffet, Ac., in the building. The team is for
94 years. at • ground rent of 6100 per annum, it has a frontage
of 00 feet, and 170 feet in depth, sad contains 10,220 square
superficial feet.
Block C eonoists of the han Agorae edifices erected within the last
seven years, from designs by John Barnett, Esq., architect for
Messrs. John Sad and Sone, silversmiths, and situated 17 and le, ,
Cornhlll, directly opposite the Bank of England, and alike for
elegancx of building as well as situation perhaps the moat de-•'
sirable In the City. With a very trifling outlay, these, to ac-
cordance with the plena and designs originally med., will be
converted in about three weeks Into Ohms, and two-thirds of
the building has already been let, the ground Boor and =wants.
door being rented by the Credit !lordlier and Credit Fancier
Companies. These premises are leasehold for 00 years, at, a
ground rent of 11: WO per annum.
Mock D consists of the new and substantial block of offices.
erected within the last three yews, and are built in the most
entistantial manner. It contains fifty.five offices, besides vaults,
the whole, excating four, being let, and offers below made for
these. It la freehold, has a frontage of SI feet and depth of 00
feet, and contains 4,100 superficial square feet, and is situated at
63, Great Tower-street. 'car Mark-lane.
. _ .

~ltlsek E Is the largest block
itT tleFliy, it k situate In Bishops-
Rate-street, opposite• at. Helen's-place, with a thototialrfare to
be got through to Old Bridatreet, and is the cigar* of 'hal
Mock adjoins iireshazn home . it contains 33.000 square feet. IS
may be convenient to give an Idea of the size of this tine site o(
land. to say that it is more than four times the size of the Auc-
tion Mart. lately sold. and when covered, wilt hr among the
Lwitest and moat conveniently arranged offices l• t►e City. This
plot is ►easehold for V 9 years, at a ground rent Of £4,000 per
annum. 1

Tieprice at which the City Maces Company 'Limited, hag I
agreed for the purchase of the whole of the before euestierategr
nee blocks is gnrss,ooo, including aU Marlin= thereon. Thia.l
price gives, after adding thereto :he cast of purchasing the free-.
hold of the whole of Alm leasehold pottier, mai ii•daellog
value of the new building* thereon, an average pike of only g 2
per square foot. which, compared with the prices paid for the
three last pruperths sold within aix wee►s, gives the following
results—viz.:

The Auction Mart frewhold`. containing as area of about 5.800
square feet, cost £115.250. which gives an average of C-0 per toot.
The leasehold premises, No 80, Lomharilatreet, occupied by
the Colonial Insurance Company. containing only 1,030 feet, sold
to a well-known banker for 1:30.000, subject to a ground rent of
Csoo per annum. for 81 years. which, allowing as in former cal-
culations for purchase of freehold, and deducting value of new
building thereon. gives £37 per square foot.
The leasehold premises in Finch-lane„lately occupied by the
London and Middlesex Bank. containing only thin feet, realised
£lO.lOO. and this subject to a ground rent of £5OO per annum,
which altos ing for purchase of freehold, and deducting value of
new building. give. about £.3') per spurt foot.
It will be teen, therefore, that if large profits can be realised.
as they undoubtedly can be. on land coating £.24, t 3 t, and £37
per foot re-pertlvely, the prospects and probable profits of those
acquired he this company, cost.ng only £9 ;..er foot, will be evi-
dent at first sight :if they were resold at even the lowest of
these three quotations. it would leave the City Olncall Company
,th 11142.1). a very large profit on the c.o.d.
. . .

'IT • Company's plat) of operation, will consist in adeptinit such
of these premises as may be suitable. and erecting new ',tattling'
on the reinotnder, the whole to be let off an °faces suitelde for
hanks. large conipanles, or commersisl and professi.mal tirms
and from calculations made. hosed upon moderate rentals, a
return of from 15 to 20 per cent. on the outlay may be fairly
relied ou. The Company will also from time to time acquire
other properties. es the opportanitice present themselree, for
the Inilialuses of resale or otherwise. . _

4i-- otherwise, the pandup share
tal will be kept at the lowest possible point.
It is believed that as an essentially home investment. one so
secure, and at the seine time so remunerative, is randy brought
to the notice of the public. being wholly free from the specula-
tive chirsc er incidental to many joint stock enterprises the
model on which the business operations will he conducted will
he that of Oresham.house Chambers. his Old Broad.atreet, City
Bank Chambers, Threadneedleditreet, and County Chambers,
Lombard-street, the success of which is well known, the only
differenoe helm that whilst those properties are In the hands of
a few capitalists, the properties acquired by thus Company will
be distributed over a hose hoily of shareholders• which will thus
put Investors of moderate means fu the same position to reap
the advantaxes of large returns on City property, which the
magnitude of the amounts required has hitherto made It Impos-
sible to any but very wealthy men to undertake.
In the allotment of .hares, a proportion will he refereed for
applicants who are shareholders in the Mercantile Credit Asso-
ciation (Llmiied am! the Credit Fancier • Limited the re-
mainder will he distributed among the general public.
In the event of no allotment of sh .res being made, the deposit
will be returned in full. Should • less nunilwr of shares be
allotted than are applied for, the deposit will he made available
towards the payment due on allotment, and the balance, if any,
returned t> the applicant.
Prospectuses and forms of application for shares, In the form
anneted, may he obtained at the Temporary Offices of the Com-
pany. at the offices of the Mercantile Credit Association 'Limited!,
TI, Threadneeilleutreet and the Credit Fowler i Limited:, 00,
Lombard street; also of the Bankers, Brokers, Solicitors, anti
Secretary.

THE CITY OFFICES COMPANY ;Limited!.
PORN OP APPLICATION POll gamma
No. To be ret tined by the Bankers.
To the Directors of the City Mces Company ahnlteeD.
Gentlemen,—lisviug paid to your Pantos, Messrs. Mastermae.
Peters, and ef.., the aunt of e , being a deposit of el Per
shire on shares In the above C, gnpany, I hereby request that
you sill allot me that number, and I:ILITte to accept such shares or
any less number you may allot to me and I agree to pay the
deposit on ahottuent and to sign the articles of association of
the Company when requited, and I authorise you to Insert my
name ou the register of members foe the number of abates
allotted to me. -

rntlal *mature
Name in full
Desidence
Proteanlon
Date March 1661.

EMPOWERED BY SPECIAL d ACT,
Most PARLIAMENT, 21. 215.
an Pt
ON E LLI'S ELECTRIC TELEGRAPH
I A-. COMPANY (Untied).
Registered under the Joint Stook Roraima:to Act, by which
the liability °teach Shareholder ts strictly limited to Ek amount
of his share&
Capital, £1.50,000 'of which £115,000 forma the Original
Daphnia the Company).
Further issue, ditlb,ooo, in =sou shares of £lO each.
Deposit, Al per share on application, and Pt on allotment.
Calk of al each at Intervals of moles, than twoaontha.
DISIXTOaa

-Tbe light 11,-,0. ti; E&1 of SHXZWEBURY and

DQvrtCHALIutLX —The Right HOW Lord OTHO FITZOKLALD,

Erskine Beveridge, Esq.', St. ieonard's Works, and Priory-house,
Dunfermline.
John Alfred Chown., EN., Director of the Imperial Bank, ISt
Weetbourtte.terrece.
Mewl Cook. Int.. Director of the Tamar, Lit Hill, aid Calling-
toa Railway Company.
Albert Coopr, Ern Mancbeeter.
Frederick OW, Mat. (Jolla Elia and Co., Merchants, Abeherth-
lane).
Mdeound Osiandy. lisp (Edmund Grundy and Bon, late J. and E.
Orundy), Manchester and Bury.
WINIam lianillton, Jun, Esq. lievid Hamilton and Co.), Man-
chester and Olareuvr.
Charles *Stewart, Ben (blows. Robert Barbour and Brother).
Ilancister.
James meson. Esq., Chairman of the Madras Irrigation and
Canal ompany, and Director of the Agra and United Service
Bann I
Charles irruentan, Esq. (Mesas. Trueman and Fry, Gresham-
house).
WWsare Readings Tyler, Eaq., Director of ta ihdie4
Berries Bank.
COLSOIAIXO aNCTIUCAL Emma—The Chevalier Gaetano

BAN [MRS.
Loadon—The Agra and United BervWe But
Manchaaier—llduchreter and Saltrdd Bank.
SOLSCIT9IB.
_ . _

Henry C. mot, 7.aq., 6, 566iborrie-lane. London, LC.
Mows. Earle, 8014 Hopp, and Orford, 6, Bond-street, Van.
chaster.

131101CIMUL
Londoa—Mersa Johnson. Longden, and Co., *I. !Aeolians.-
yard
Liverpool—Mean. Taunton and Co.
Nanchestor7blosiea Warner and Co.

AcDnuB*—Mtwara Coleman, Turquand, Youngs, and Co., 16,
Tokenhoase-yard.
SECRETARY Igo ten.)—James Gutteree, Esq.
Oflieee-7, Angei-court. City: tk Victoria-street, Manchester:
Datestreek Liverpool.
The Directors of !booth's idevtric Telegraph Company
(L'initedi having established a line of telegraphic communication
between Manchester and Liverpool, the working of which has
proved even beyond expectation, both practically and commer-
eislly, the unrivalled eseeUenee of Bone''''s system, propose to
extend their operations throughout the United Kingdom. With
this view it has been determined to Issue new shares, raising
the capital of the Company from its present amount of atS,OOO
to CUOMO, in order to enable the Qom say to carry out
the highly advantageous arrangement aireaft sett'ed with
the patentees for the acquisition of the entire patent right for
the Coked Kingdom, as well as to meet &lithe remitting ex•
penditure necessary to establish the operations of the Company
tbe proposed enlarged footing.
It is confidently expected that by thus extending to all the
important districts of England the signal advantages, practical
end economical. no velised over every other molten. of to by
In use by the TypoKlectsic Telegraph, and through the ac-
tion of the tariff, to a uniform rate of 6.1 per ordinary message
of twenty words, placing the boos of telegrapbk Intereoream-
ideation within reach of the maases, new and boundless sources
of business, and, consequently, of profit to the shareholders, will
be created. while to all who already rase the electric telegraph
will be secured for the nest time that rani arty, correctness. and
punctuality, which, trout the natant of the agent employed, the
Pub'', had a right to expect, bat which, anti! the Chevalier
Bonelli's • Invention• has never been practically attained.
. .

tsPrittiabithCVeryXL:tof Xratisnitssion,
ta kclear Kaman characters. and as so transmitted is delivered,
without further proms% to the receiver. thus absolutely exclud-
ing all possibility of error from any source existing between the
sender and the receiver.

-.- extreme .
Second. The rapidity with which messages can be
transmitted allows tome Instruments to keep pace w.th the
largest amount of business within the einerienee of existing
establishments, but places them beyond all likelihood of being
overtaxed, even by the increased pressure of work that must
inevitably ensue from a uniform eixpently rate tor the ordinary
moimme. This rapidity and certainty of working applied to
Journalism must produce results even more marked . sad It has
been proved by practice that a speech which by the ordinary
instraments occupied six and a half hours in transmission could
with an equivalent Man be printed on by the &mall Telegraph
I. ON space of one hour and a half. No lent em-
phatically does the Instrument recommend Itself to
members of the Stock Exchange, to whom A ensures that abaci.
lute accuracy. united with exemption trout delay in communi.
eating with their correspondents, which cannot be invariably
counted en under existing systems.
Third. The automatic nature and simple working of the
nonclii in trument nudely it independent of specially trained,
4..e.tit. sod therefore h.ghly paid, manipulator..
Fourth. The se :malty to which all Miler te egettpPlish-
w• exposed, of increasing the staff of in pro-
portion with the anzuentation of Muihvess. dots not exit where
Bonelli's Instruments are employed, and consrquently all in-
crease of business must prove almost absolutely clear prods.
A system to which the above capabilities can be attributed
without an approach to exam,reratloo, and which, therefore,
profit ihly to its promoter*, places telegraphy In direct relation
with the requirements. actual and prospuctice, of modern society,
cannot, when once established nu a commensurate footing. mid
tested by the public, fail to supersede all less perfect means of
telegraphic communication. 11l completely and universally as
steam and the rail have superseded the stage and the post road.

From calculation* ha,ed on actual experience. and tempo-
busty !Muted on the side of probable bullion, It has been
deduced that A most Batisfsctory result may he at ones relied
an awl which is eventually destined to be largely exceeded.
The Directors. moreover, are already la a position to state

from netpoi.tiorts that have been commeuoed with every prc-
bability f bing brought to a successful tune, that there is
a ratable prospect • I establishing, within a very limited period.
sources ••1 revenue to the Company totally independent of profits
from ordinary üblic intim se. and autticieut of themselves to
produce a satiafactory dividend.
Prospectuses and forma may be obtained from the bankers,
brokers, solicitors, or secs entry, at the onices of the Company.
Each application must he accompanied with a deposit of sl per
share. which will be returned a itbout deduction if no shares are
allotted.

the date of Issue mitil the final closing of the lists. the
Bonelli instnuneuts WAY be seen In operation daily from It to 4,
at 7. Angel-court.

THE NATIONAL PROVINCIAL MARINE
INSURANCE COMPANY (Limited).
To be incorporated under the Compenies Act 1802, which halts
the !lability of Shareholders to the amount of their ahem
Capital £1,000,006, in 40,000 (alarm of £ts each.
tryst hene..20,000 sharwa..

_
LI per share tabs paid ou application, and LI 10e. per share co
allotment
It is not contemplated that ranee than £5 per share will be
called up.
DI k EMILY.

Harrison Watson, Esq. (H;;;;Ers . J. R. Thomson and Co.),
Chairman of the Cape Town and Doek Railway Company.
Robert W. Barclay, Hay. ‘lfesers. Tomsk, Barclay, and Co.),

Greet:mm.llmm. "
Abel Chapman, faq.. Old Broodotreet, Director of Marino Iw

vestment Company.
H. A. Coffey. fly., Director of Marine Investment Company.
E. de Pun E.,11 , nterchAnt, 9, renchorchntreet.
John Durum .q. (Mews. Downes and Scott), Upper Thames-

street.
CAarle. F. Ell!s. IN. (Messrs. Henry In is and Son'. 17, Grace.

church-street. •
G. Gilbert, Eel. (Messrs. Gilbert, ken, and Co.', 3, Abcharea-

Cornelius Grinnell, F.N. :Itesgrs. Grinnell, Tinker, and Mown),

7 lemlenhall street.
J
A. Jarvis, Any., merchant. Director. Standard Bank, South Africa.
E. Shaw, Yaq. ,Ilesam Shaw, davt4, and Co.l, St, Leaden-

. , .
M. E. Slavropordato. Fag.. S,Sopthall-eourt, and Lloyds.
With power to add to their number.)
Baaasas —Messrs. Barclay. Wean, TrMoo, Twang sod Co.,
Loadon.
Solierrolia—Mows. Sewell, Sows% and Edwards.
awasaa.

London—Pfr It. W. Carden and nous Royal Esettange•bulldlnin,
Liverpool—ltobert Byrne. Eau. Royal Rank-balidlatta.
Manch-Her—Charles P. Alien, Pp., ludic-bul4linp.
Newcastle nn.Tyne—J. S. Pha loner, Eat., Deanntreet.
Bristol—Henry T. Chantlwrlam, Esq.
Hull—Mesars. Wilkinson awl Ingleby. Eschange-balltlings.
lends—Les Ts. 111.1sJale awl Wailes, Parlrroer„

RCIMAM' opro tem.)— r. W. Dbtant.
ATDlruits—Mrsos. ('.*hand Co.. Tokenhooanyard.
Temporary infires-4. Clemeotahute. City.
Prospectus and forms of application may be obtained from
the broken, the molicitors. or Beerstary pro tem., at the Tem-
porary Offices of the Company.