The Express.
London, England, 1864-03-16 00:00:00

THE WARRANT BANKING COMPANY
(Limited,.
FOR ADVANCES on MERCRANDISIt sad SECURITIES.
Incorporated under the Companies Act. 1862.
Capital x. 2,6 6,000, la 40,000 shares of .C3O each.
First Issue. 80,000 shares.
Deposit, LI per share on application, and 44 per share on
allotment.
Future calls will not exceed xi per share, IA Intervals of three
months.

Joseph Bravo, RR., a J. Bravoa—nd Co., Loudon.
Archibald Bruce. thq., of the late firm of Bruce and Co., AB-
church-lane, London.
W. J. IL Cotton, Esq of Culverwell. Brooke, and Cotton, London.
A. D. De Pass, Lvq. . of De Pass and Boas, London.
Abel He)w ood. Laq., eilLayor of Manchester, Director of
the Alliance Bank, Manchester.
George Harvey Jay, Esq.. Tokenhouselard, late o the firm of
(plater, Hall, and Jay, London.
Thomas lolly, Fey.. of Thomas Jolly and Co.. Manchester.
William McAndrew, liq.. of Wm. McAndrew and Sons. London.
H. E. Marriott, Eaq , of Henry Marriott and Co., Manchester.
William M. Neill, Lay., of Neal Brothers aad Ca, Loudon and
Manchester.
George Palmer Robinson, Esq., Director of the .Ullanoe Bank,
London.
Alhort Ricardo, Eoi., of A. and W. Ricardo. !Andrs.
William Rawitron, Esq., of Ralph Rawstron. Manchester.

BAN irns.
London. Liverpool. anti Nlanchester—The Alliance Bank.

fa~LICITJk3.

London—Mesita. Fyson, Tatham, Curling. and Walls. Frede-
rick's-Mace. Old Jewry.
Mews. Flux and Arnie!, Mincing.,lane.
Liverpool—Mews. Fletcher. Hull. and atone.
Manchester—ltetars. Sale, Worthington, Minoan. and Seddon.

_BROKEL9-.

bapton—Mwars, J. and J. lloorgatostreet.
Li% erpool—lle.ars. Gaaquotne and Lhamberlam.
Ilauter—Nlemr.. Shore and Kirk.
Temporary Othcas-2.1, Throsmortooatreet. London.

PROSPECTUd.

While exchange batiks and creiht institutions have been este.
'dished to COUL.ect this country financially with almost every
foreign market, and to give facilities for conveiog to our shores
every description of merchandise. It is remarkable that as soon
as the operation of importing is performed the monetary facilities
arc withdrawn. The hills drawn upon our merchants mature,
and mod either be met by the merchant's capital unaided, or by
sales. Thus, when temporarily there is au excess of any corn
m.fdity Imported, its price is untidy depressed, and serious Imes
are incurred. Ordinary hankers and discount house, dislike
making advance, upon merchandise. having no oganisation for
examining the gods and correctly estimating their value. What
they want are good bits, drawn on those who, knowing the
value, have accepted for a Lair advance. Division of labour is
here as elsewhere found to be most convenient and profitable.
To meet this want. which every merchant must acknowledge,
the Warrant Brink rig Company Is formed. The business of the
Company will mainly coratst in making advances upon deposit
of the stare art'cler of produc., represented by dock warrants
or other means of absolute assignment. duly inspected and
valued on behalf of the l,ompany, and with a proper margin to
allow for depreciation.
. .

These advinces will be made in acceptances by the Company
of the drafts of its customers. and as every bill will represent
merehmidne readily convertible, and he at the same time se-
cured by the whoa capital of a powerful Company, the exact
position of which will be patent to all, there can be no doubt
that the whole diacount market will he available when it is de-
I sired by the holder to turn the bill into cub.
It will he readily apparent that the existence of such an Insti-
tution, white at will be of great service to merehants. and in-
crease the stsbilit) of the entire obis, will hr an equal conveni-
ence to hankers and discount firma, furnishing them with a
class of bill. rarely obtainable. In order to render the doe pay
meat of the Company's acceptances certain, the Directors under-
take that the entire paidoisa capital of the Company will lie in.
vested and, so far as practicable, remain invested in British and
East Indian Osserdenneet secairttlesk and upon deposit at call,
and It Is proposed that the capital thus pant up and Invested
within the drat year shalt reach the sum of at least 4200,000.
The held erhnit exists for such an undertaking will be at once
apparent from a glance at the Board of Trade retains of foreign
imports for the past year, which amounted ;net to speak of
home produce' to over etoo,oso.ooo. If we estimate the average
stook of foreign go.•ilT held in warehouse as ...pest to three month.
consumption, it would represent an amount if Xwlouo,noo.
Advances may also le made when deemed advisable upon
stocks and shares in permanent undertakings readily con-
vertible.

Iraiionable proportion win always be maintained between
the extent of buatrnas undertaken and the called up espltaL
Should it be necessary. the latter will be increased to one million
sterling, to be invested, as already indicated, simply so a guaran-
tee fund.

--
Branches will, in due time, be eatablabed ►t Liverpool, Man-
chester. Glasgow, Ac., &c.
The Directors will not receive any remuneration until the
shareholders have been paid f.. 5 per cent by way of dividend on
their paid-up capital. After payment of 5 per cent., the Directors
will everive one-fifth of the net profile.
No promotion money will he paid for originatine This wader-
tainric. The preltrutuery expenses 11111 be waned to the Inoue-
eery disburwmentc..
. . .

Prospectuses. and forms of application for sharer. mly he oh
tallied of the broker*, bankers, solicitors, and at the temporary
nrhees the f•mtpany. but no application for shares will be coo-
lere4 unless a .1. posit of el per share has bee. previously pant
to the bankers of the Company.
In the event of no allotment being made, the deposit
sill he retneued without deduction. and should the number
sin itte.l he Isis than the number applied for. the payment la n-
eeds will be applied towards the balance of the deposit.

FORM Ot APPLIrATIoN FOR SWAIM
N 0.... To be retained by the Bankers.)
To the Directors of The Warrant Banking Company 'Limited.)
Gentleinen,—Having paid to your Bankers the sum of C,
being a 4;posit of 41 per Share on Shares in the shove
Company, I hen:hy request that you will allot me that number,
and I agree to become n member of the Company in respect of
such Shares, fir in respect of any less number yon may allot me :
and to pay on allotment the further deposit of et per Share
thereon, and I request that my name may be placed on the
Register of Meniben for the Shares so allotted.
Name In full
Residence
Profession or business
Date