The Express.
London, England, 1864-09-08 00:00:00

DULBROILS.
The Right Hon. JAMBI ITITAIIT WORTLEY, Governor.
JAMES LEVICK, Er, Merchant, EWA Aram
Yard. t
JAMES NUGENT DANIELL, Faq., Charre of GoDevernpuory s
the Alarm Brk Meefled),
James Childs, Lg., Term.
Alexander Dunbar, Lp., Old Broad•street, Tandon.
Charles Er Er, Lloyd's.
Adolphe Harm Lg. Amen Mb, Hakim Brothers, k Cw I,
London.
The Hon. T. C. Relßurton, LP., Chahrman of the Cards
Agency Asseekroe, London. •
Wm Herder, Esq. Weser Harrison. and Bevan',
Dream of the Themes and M iawaace Company.
Rickard Blair lane, Er. (Al lore, Hare), and Co.:,
London.
Charles IL Norm, Esq., London.
Henry Pawned,Rnaseliroare. London
1 Joseph Marra Emir llackrill Smith and Co.. Old
Broadmrset, London.
Edward Warrior, Req., 11. P., London.
.I‘.oa Westmorland. lea 'Director*/ the Royal Drumm Cow-
-1 ACtortat.,q I°F:. , Managing Director.

The Agra and )(alderman's Bank ,Limited,.
MINI%
Ban&dild
Landonll, Payne, and Smiths.
The k
Miliare.eele (Lissitedl, London, Liverpool. sad Mean
chewier.
The National Bank, London, Dublin. and its branches In Ireland.
The National Beak of &Wand. kchnburgh, end dm branches la
Scotland.

-Mesas. Newnan, Evans, and Co Nicholas lane, E. C.
Bantu&
_ _

Meows. Laurence, Son, and Aaron, Lothbnry. LC.
Medan. Yield, Son, and Wood, 0. Warnford-court, Tbrocnorton.
tureen, B.C.
Messrs. Robins and Barber, 10, Threadneedle-street, LC.
Messrs. Homan and Penny, untpcoa
Mears. Tod and Ashton, f
Messrs. Sheer and Kirk, llanebether„ _ _

Tom.)LTAlfred L.we. Zot.
Temporary kwabardotreet.

PROSITZTI S.

This Company Is an azimuth; of it;-;:redit Pennies- 'Limited
and of the Credit blobilier Jimiteds, which were established,
the tamer for ftnaucel buthiess In connectlea with laud.. i.e
latter to general financial operations.
The unexampled success achieved by those oompanles, whose
reports, just pubbthed, allow the amount of net profits, upon a
pald-ap capital amounting Jointly to 0100,000. to be et the rate
of upwards of 190 per cent. per samosa and who have each de-
clared a diviend and bonus of ad per share on x. 5 paid for less
than six m,fonths' 'working, halides carrying 040,009 to the re-
serve fund, and the shorn/one accession of business of both com-
panies render it absolutift montal to Increase the capital, and
thus enlarge the basis of their operations.
With this view tt has been determined to found the present
powerful inatantlon, which will absorb the two companies. and
will take over the whole of their assets, including their united
reserve fund, amounting to X 19,000, and will also of course
assume their engagements, and the Directors believe that the
increased means the issue of new capital will place In their
hands will enable them to effect even greater results than have
been already achieved.
The dlstribetion of the shares will be made In the following
manner, by which It will be seen that a liberal proportion bas
been appropriated for allotment amongst the gen .a.al public.
10,0 e) Shane will be 'rued to the shareholders of the Credit
. .

Fonder (Limited, as par, la exchange for the like
number of shares now held by them.
30,000 Shams .1.11 rat thetr optlow be allotted to the share-
holders of the Credit Fowler (Limited being at the
rate of three new shares for each :turn held In that
Company:, which wl:l be issued aa follows, vii (—Two
of such (hares at a premium of x?. )34. 4.1. per share,
and fur every two shares so taken one additional share

at par.
10,000 Melees in be tasoeck to the ebanthohleve of the Crklit

at per, ex or e e num-
ber of Wares In that Company now held by them.
90,000 Bharat will be allotted at their option to the share-
holders of the Credit Mobilise (Limited, (bolas at the
rate of three new shares for each share held In that
Company;, which will be Issued as follows, vlz.
of such shares at a premium of 5.2 13s. 4d. par share,
and for every two shares so taken one additional share
at par.

'20,000 Sitare; will be lowed to the public at • premium of
as 13a. 441. pee ahem

100,000

The total premiums on the above mentioned shares will
amount to t 160.000, which. with the sum of 040,000, the amount
of the reserve funds of the Credit Fonder Limited:, and of the
Crfdit sloblller United), will be earried to the reserve feed of
the amalgamated Company, which will then amount to C 200.000.
The amount to be called up, Oz.. CS per share on the shares
Weed at a premium, together with the /22 I 4d. per share
premium thereon, to hop .id by the following leetelmenta :
ou application Cl per share, to be carried to capital account.
on allotment, C 2 per share, of which CI to be carried to tmpl•
tal account and LI to be carried to premium account.
lute December, gl Us. 4d. par share to Le carried to 'premium
account.

litiiiebruary,lB6s, Li 10s. per share to be earned to capital
account

10iir April, 1986, LI 10a per share to be carried to capital
account.

-_The assent to be called up, viz., LS par share on the shares
issued at par, to be paid as follows, viz. :
On application, £1 per share: on allotment, I per share:
10th February, 1844 41 10a per share : 10th April, lsos, al 10e.
per share-which will be carried to capital account.
But as all the shares sill participate In the nest dividend
declared, pro rata, according to the amount paid up, the valuable
option has been reserved, enabling all alluttees to pay up the
instalments immediately on allotnicut, or at any time In advance
of their being due. up to LS per share.
The total =haat of paid-up capital will be £500,009, and the
reserve fund will aalultlAt to £200.500. . . .

- - - - --------
The following to a comparative statement of the estimated
value of the undermentioned shams as represented by the
current prices on the Stock achange, inf. :

C
S

voila
~ p i

tqNsa I.

. k.
11_21
N 4

t 14.11

=oo o e e

a s

fir.. + a .3

§§ § i 1 §
gi .4 1 g

,90•

,00

c
i
?...11 .42.1
<B.

1.. g 1 §i.
go
g 1 g
a........

It will thus be seen that the average value as represented by
the price of the shares. of the abovementioned four companies
is e.'.5 to premium per share, after deduction iif any the reserve
fund the pesos of tame at We Company's new Mares to the
public is es-2 13a. W. premium, from which, after deducting the
amount of this Company's miters fund, equal to t 2 per share,
leaves the share costing only 13a. ed. premium. against Li as.
premium, the average price of the fear companies before referred
to. leaving a bonus to the public of Ct 105. Bd per there: but,
taking the premium of the lastonentioned company as the most
onakigoasto this Company. Uttering been amalgamated only two
mouths, It will be seen that their price of £3loa. per share which
is far below their intrinsic worth', added to the It premium in
this Company's mem, fund, gives Lb 10e. per share, or XII& Bd.
bonus on the price of issue.
The above prices are quoted as they are given in the Stock
Exchange List, but it is generally admitted that they by Do
means represent the MI value of the different shares quoted,
the prices of which ought to, and will doubtless be, much
tdgher.
Applications toe shares may be made in the form mantled, and
must be accompanied by the payment of LI per share. Should
no allotment be made the amount will be retained forthwith
without deduction. Should • bee number he &rotted than is
applied far, the num paid on amount of snob application will.