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

PRIMPE9II3..

While exchange hanks and credit iMMilfullous have been era-
blished to connect this country financially 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 monetary facilities
are withdrawn. The bills drawn upon our merchants mature,
and mon either be met by the merchant's capital unaided, or by
Wee. Thus, when temporarily there is au emcees of any ere-
marry imported, Its price is unduly depressed, and serious loser
are incurred. Ordinary bankers and dial-vent houses dislike
making advances upon 'merchandise, having no oganisation foe
examining the goods and correctly intimating their value. What
they want are good bills. drawn on those who, knowing the
value, have accepted for a LOT advance. Division of rhour is
here as elsewhere found to be most convenient and profitable.
To meet this want, which every merchant mast aclmewledm
the Warrant Banking Company In formed. The banner of the
Company will mainly coons' is making advances upon deposit
of the stone arteles of peoluc,„ represented by dock errant'
or other means of absolute assignment. duty inspected and
valued on behalf of the Company, and with a proper margin to
allow fur depreciation.
Thar advances will be made in acceptances by the Company
of the drafts el its anteaters, and as creep MU wdl represent
merctouidise readily convertible, and be at the manic time se-
cr.d 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 dreamt market will he available when it Is de-
sired
by the holder to turn the bill Into cash.
It will be readily apparent that the existence of witch an hint.
tenon. while it will be of great service to merchants, and la-
crease the stability of the satire class, will be an equal conceal- ,
once to bankers and discount firms, furulahing them with a
class of bills rarely obtainable. In order to render the dne pay-
ment of the ConapanyM acceptances certain, the Directors under-
take that the entre pelting. capital of the Company will be in-
vested and, so far as practicable, remain invaded in Briar and
East Indian Government seciirltiee, and upon deposit at call,
and It is proposed that thil capital thus paid up and invested
within the first year shall reseh the sum of at least £lOO,OOO.
The field which eclat for such an undertaking will be at once
apparent from a glance at the Board of Trade returns of foreign
Imports for the past year, which amounted not to speak of
home produce; to over 1:200.009,000. If ee estimate the average
reek of foreign rends held in warehouse as equal to three months
comumptioo, It would represent an amount of ereno.ooo.

Advazieee may also le wade when demised alvisahte upon
stocks and ShArel in permanent undertakingx readily cun.
'arable. .

kreaannaMe prnportion .111 alertly; be maintained between
the estent of business undertaken and the called up capital.
should It be accesses!. the latter will be increased to nne million
sterling. to be invested. as already indicated, simply as a guaran-
tee fund.

will, in due time, be established at Liverpool, Man-
chester, Glammw, Re., £c.
The Directors will not receive any retsuner►tiou until the
shareholders hare been paid 0.5 per cent. by way of dividend on
their palidup capital. After payment of 5 per cent., the Directors
will receive one-fifth of the net profits.
No promotion siimey will be I aid for originating this under-
taking. The preliminary exposits will be cottOuesi to the neces-
sary disbursements.
Preepectuam, midterms of application for shares. may be ob
tained of the brokers, bankers, enheiteee, and et the temporary
offices of the Company, Nat no application for •hart. will be con-
sidered unless a deposit of CI per she:elm bees previously pod
to the banker. of the Company.
lu the event of no allotment being m►de, the deposit
will he returned without deduction, and shook! the number
allotted he lege than the number applied for, the payment in es-
ems will be applied towards the balance of the deposit.

I.ltX M APPLI,ATInN Mt MARYS.
N 0.... au be retained hy the Buskers.,
To the Directors of The Warrant honking Company timltedl
Cientleineti.— tiering paid to your Bankers the sum of a
being a deposit of al per Share ou Shares in the afore
Company. I hereby re:nest that you will allot me that uumher,
and I arm to become a member of the Company tn respect of
mach :Mares, or in respect of any less smasher you may allot me;
and to pay on allotment the further deposit of at per Share
thereon, and I request that my name men be placed on the
Itegisterof Members for the Shares so allotted.
Name ha full
Ambience
Profession or business
Date

THE WARRANT BANKING COMPANY
Eimited
NOTICZ IS MOLEST DIVAN, that NO YURTUER APPLI-
CATIONi for SHARPS ln th s Company will be received
after MONDAY nest, the 21st instant..—By order.
Temporary Mom. 21, Throgmortoisetreet,
London, March LS. 18611.

TEN PER CENT. MORTGAGE BONDS.-
STRAND MUsIC BALL COMPANY (Linseed .—BONDSof
A5O each are now ready for issue, constituting a Ant claw upon
the of the Company, repayable in three years. and
interest at Ala per cent. per annum. payable lalf.yearly.
at the oleos strand,
s of the Company, 375, stnd, W.C. ; or to
fir . Z. T. Taylor, stock and share broker, 11, Tolinheaselard.
LC.—By order of the Board,
/REDBRICK LISWRANCI, Secretary.