The Express.
London, England, 1863-10-10 00:00:00

rIiO9rECTUA.

The Company Is formed under a direct concession granted by
the Imperial Government, for the porposie of promoting and ex-
tending commercial and financial relations between AllllOl6 sad
England. Thew relations are daily Increasing In iseportanes
under the influenee of the aroellorated political and final eyeless
which hem been definitively adopted by the Austrian &digitate.
testi= sod legislature.
The Company will carry on the ordlitug business of a BMA of
11.poelt. Discount. and Exchange, and all operations *medal
wick banking transactions and Financial Agency. The head
aloe will be In Vienna, with breaches at Trkete, Prague. Brum,
and othertowns In the Austrian Empire In which it may be found
profitable from lee to time to form estatilkiliments
' in
_Ragland thp hateresta of the Bank will be represented, end
the business coodneted, by the English smothers of the
Messrs 004 BM* and Co. being the financial agentrr4
bankers of the Company.
The Direetettirpolot with satisfaction to their having secured
the services .01.11 r. Francis Breuer as their Lo' don manager.
Mr. Brener's experience of German commercial and financial
business—required during 16 years' advicv with the firm of
Messrs. Frnbling and Ottechen—peculiarly qualify him for the
efficleat petfbrnance of the important duties to which he has
been appointed.
The concession has been obtained by the Directors, and made
over by them to the Company, without oonsideretion or otbet
charge than'the preliminary expenses, which will be limited to
the disbursements made, and are of small amount,
The Company has sot been brought forward until by carotid
negotiation It has been ascertained that Its formation Is desired
by the Austrian Executive. and that bend. she grant of a direct
ceoceseloq, the Imperial Government will be prepared to open
en aoconnt.eurrent with the head °Mee of the Bank, and to
employ the branches of the Institution in a variety of ways.. In
facilitating the revenue collections, and other operations of the
government, not overlooking the importance of the measures
which are being constantly directed to the complete re-establish-
ment of the paper currency, ripen the soundest basis.
As some evidence of the satisfactory result of the negotiations
which have taken place, the Directors are authorised to Wort in
this prospectus She following extract* how a minute delivered to
the Company by his Excellency M. Von Meier, the Minister of
Finance at Vlenta, viz
" Referring to the !utast one of the principal objects of the
establishment of the proposed Anglo-Austrian Bank le to facili-
tate operations Is Austrian Securities, and having regard also to
the desire of the imperialgoverninent to aides far as practicable
in bringing about a closer union between the finitude! and com-
mercial interests of Annliria and Maitland than at present axiom,
the imperial Government intends ;so far es It should appear to
Itself compatible with the MCCOY of their financial 011101‘11,1
and with any legal direction which may be specially preseribed
In reference to any particular onerat ion', Wave to the Dank the
opportunity of undertaking •uch financial operations—whether
the lone of loans, placing of bonds or otherwise, an the govern-
ment may desire seeded on the London market.
" The Government also intends to open an aceount-ennest
with the Bank."

There menet be say immelon as to the proll'able nature cd the
field for the operations of a Making establishment In Austria,
anodic:4*d on sound prinetple•
, Then amber reteld changes al lines 'Aspartame and Iniereet
BIM the reMerishls advance eta& Austria hat made dmin
the last Sew years mew the indapsoe of its thoroughly revised
Dag.
The harmony beppfly established between the Imperial Govern-
ment and the repreemilellem of the different orders of the %s o.
es amembled In the Pasieberath, has removed most of the Imps-
diluents which foresertp prevented Austria from enjoying the
benente of its vest eammercial and agrkultural resources Sup-
by the tree debates of the Parliament. the Government
Sup-
ported
been enabled to enter with vigour upon a lend policy
founded upon free trade Mews. and to apply, in many dlree
hone, nenesues spsdelly adapted to develop the wealth and
enterprise of the country. liver steam easisation has assumed
km proportions- The extent ef railways In operation bee In-
creased from 1.700 lbaslldi miles in 1453 to nearly 4,000 in the
present
gr year . and the railway system bas been actually com-
:ae to a point which leaves few of the leading dlatrkts of
noplre unsupplied. Still more important has been the
marked increase in the activity of private trade and la the
magnitude of Individual enterprise ; and that this altered state
of things is solid and real Is 'efficiently attested by the great
r emery of the Austrian finance' during the last two year&
Under the measure. pa•aed In 1041. the Paper Currency Is In
rapid proms *I reform, end since lore of that year the ex-
change ea Icahn has improved from 140 to 110 in favour of
Vienna ; the Mae in the price of Austrian Government Stock
since 'be lame date being equal, upon an average, o ft per cent.
In the speech delivered by the Emperor, at the opening of the
laiehsrath, In lane last fliteh. he was able to dwell prominently
en the improved aspect of slain, and to state that the Ammon
of the empire hem so rapidly improved during the parlimentuy
recess, that the Omens:neat will not now require the twelve
millions of florins voted last year to cover denciences then
anticipated.
Between 1841 and VEIL the export and import trade of Austria
may be mid to have doubled but even at Its present amount
my. 10 miner sterna. it is still very far below the capabilities
of the 40 millions of Austrian subjects who Inhabit provinces
extending to an area of 140,000 sonars miles, le the most fertile
and diversified parts of heuthe e Europe.
When It is proposed, therefore, to extend to Austria the
spplfances of Bunking amerdleg to sound lenglish principles.
it Is important to hear in mind that the new Institution is net
carried to a Geld already full or offering few advantages, bet Is
applied precisely under those circumstances in whieh the 'nixes&
of banks has always been most conspicuous. Hz., to a rich
country, and an enterprising people entering, with every en.
ceenstement„ upon the development of their skill and their re-
n°9"...•

-111tiTe statutes as paged by the Imperial Government the
capital is divided into shares of CSO or 500 brine each. bat In
consequenoe of representation made to the Mader; and in
order to render the shares of the Balk men readily negotiable
In the principal money markets at the Continent, the 00441766464
he. heft solicited to authorise 120 as the denornituttlon of the
selaham, an
an
granted. assurance has been received that such apph-
tion wi be
To mid delay in the establishment of the Bank. It the been
decided to Nene the capital in scrip certificates of CIO each, et-
chiggeshie hereafter at edge to be announced, and when L 6
am Mee paM the...) into shares to bearer as above gated.
Under the revised 604U.,an commercial code, the payment of
ill per Alia scrip oerttlicate, equal to 30 per cent. of the capital,
win enable the Beek to erannience business at once with the ad-
vantage of limited liability, and without further demands upon
Ns shareholders.
A copy of the concenion and astute' win be deposited at the
'Moe of the Solicitor, to the Company, 40. Parithment-atreet,
Westminster.

-TblePplicellons made hi London for scrip certificates should
be addreued to the Directors in England at the offices of the
Company but uo applicatloa will he ooasidered unless 111100111-
puled by the receipt of Messrs. Olin, Mills, and Co. for the
drama of a? per scrip certificate on the number applied for.
This deposit will he reamed In the ev.at of the application
not bring acceded to; and, if an allotment he made. It will be
applied towards the foil deposit of F. 4 per scrip certilicaie.
Forms of applicatloa may be obtained and will be received at
the orices of the Rank In Vienna . and In London at the dikes,
N. Blrebin.lane, Lemberdsareet. LC.
October. 14111.