The Express.
London, England, 1863-10-06 00:00:00

THE LAND MORTGAGE BANK of INDIA
(CREDIT FONCIER INDIES) (Limited).
Capital, £I 000,000, In 100,000 shares of LSO each.
Payment on Allotment, 42 per slum.
DIRKCTORS.
Cnanneatt-9. LAING. Eq., late Finance /flnieter of India.
Colonel Haltom, C.a., late Chief of Unitary Finance Depict-
meat of India.
H. L. lilachonaheint, Esq. pleura. Hischortacheim and Odd.

inswiT
se .
Hon. W. 9. yliferMtam (Member of the Supreme Legtektive

Council of India.
Sir John P. Groot, E.C.8., late

fleas&
P. Verdian Laurie. Beq , Governor of Unkei Bank of London
J. Tlferkenzte, Eno , Deputy Chairman of Bortern Bengal

W Macklaaos, Tag (Mackinnon, Mackenzie, and Co, Cal-
cutta). Director of British India Stearn Navigation Company.
H. Nelson, Fee. ) Messrs. Crawford, Cobb,e and Co., Leedom).
X. leser4, du Comptetr elfrieomple Pee* et do Credit
Youcier CcdoolaL
A. IL Warns, IR. (Wawa O. and A. Worst', London).

Cslatil•—Mcmirs. FaiTia."—joirik and Co.
Bombay—Mews. Rectangle's and Co.
ilacirso—Msems. Tarry and Co.
Anna Foe Tan COompsNTOMMTay of —The Omani Credit and Finance
O London aindtesd).
Burma—TlN Unkas Bank of Leedom.
BoticrfOng—tisems. Fresh/odds and Newman.
filffmars• (pro kesl—Mr. Charles Grant.
Tympana) Oflose—Mit, Lombard-street
The atom ot load Credit, or Cada Fonder," has now been
established in ram ormees chid countries of Europe, with the
uniform resale of vont to the companies engaged In it.
sod great be to holders of land. The principle of all
these associaMons is the some, dz., the intervention of a com-
pany whom brio subscribed capital, and consequent credit,
made It to borrow mosey to the beet advantage, as an Inter-
mediary Warms hadividnal Mien who seek investments on
mortgage. sad borrowers who seek for Lam.
Thus, the French Credit FOMCNIT hiss a large share capital, of
which only half II paid up, and h authorised by its statutes to
issue its own bonds against an equal amount lent on mortgage,
with a Maim fund for redemption, on first-class landed security.
The security to the bondholder under them circumstances Is
maple, represented as It h by the whole impalittm capital of the
Company, and all Its Investments and assets, while the profit to
the Shareholders being the profit on the employment of s
capital distributed la dividend over a small paid-up capital, is so
greet, that with ElO petal-op the Abe shame of the French Credit
Fowler 'tad, at • market value of upwards of £lO.
The present Orinmeny Is formed. la the belief that, on the oar
hand, it will be very geolabia to the Muireholders, and, on the
other, most be nedftel to Death It Is *brims that oar Indian
territories present an unrivalled Odd for • Company of this sic.
scription. Land them Is Thing In value with a rapidity quite
noexampled, and the Waged kinnies, the Improvement of laws,
and the opening of communkstiosis, are feet creating an ease and
certainty In dealing with It equal to thole enjoyed in any coun-
try of Europe. At the same fine capital is maw, and the rate
otinterest extravagantly high, as compared with any European
standard.
In. Bengal, where, In the first Instance, the operations of the
Company win be principally directed. land is held upon •
Lerninclary tenure. which may be described as conferring the tee-
simple of the land In perpetuity, held direct from the Crown. on
the condition of paying a need annum) galavant, which is always
moderate. in comparison with the value cd the estates. An
accurate and Ample system of registration precludes doubt and
dispute concerning the title to estates, and the lret m on
the reglater takes precedence of all other claims. Thew:triple
of • permanent settlement has been adopted by the government,
and will doubtless be shortly extended to the other provinces of
India.
The land Included In the Lower Bengal system h sMinielsed
at • value of more than one Mildred minima sterling, sad by
the establishment of railways, throperatice of i
lead the general extension of Indian trade and Industry, agrees.
tnrwkit
be doubled and trebled within a moderato number of yews. Of
these estates • very Urge pmportlon are an premant under ad-
vances from local moneylenders, at a rata of 12 per ant.
Interest, legatees inadeutol bounties, and upon ether conditions.
that are alike unfavourablo to their owners end to the tom-
munity at large.
With prudent management the remelts of an Indies Cefdlt
Fonder can hardly fall to he even more successful than In Franco.
considerieg the wide sumps between the rate+ of Intoned at
which money can be borrowed In Brighad and lent In India
The field Pr operations In lefts is practically unlimited, and
in so country of ohs world me all the disess•s of national pros-
perity. Including the value of land, in • stale of such rapid de-
velopment. The revenue of Ohs Mots has been In ten yeses from
Miskil•ONl to /41.116,600 a year ; sad the segregate imwit and
export trade Widths IMO period hes more MIA dontehd. and !
last mar rassemod semmumus total .1 A 100,008.600, Including
bullies. Dialog the woo period t.50,00n,000 of English capital
lass boss invested in railways In India, which are now approach-
ing completion. and will greatly accelerate the march of pros,
ATMThe•
Whet to India of obtshing capital on landed steurtty an
reasemobLe terms, and emancipating the native landed proprie-
tors from an exclusive dependence on native ooneydenders, wM
be imealoulalde; sad thin benefit well be • isolally felt st • time
I viten the prosperity of the country, the completion of roots and
isdirs• the alb of waste lenda, estonsion of the permanent
the introduction of an hnpeoved currency. and,
megplitsezniathilly, e adoption of wise and liberal system of govern-
s:. pang everywhere •• rapid Impulse to Improvement.
d. —The Company will Iw prepared to grant Lions on
had, either for fired periods, or upon terms that will ertaimilah
thip debt during tha currency of the mortgage by the payment
Man annual Instalment on Recount of the principal. in additiiin
le as annual interest, they contorting on the borrowers the
Wen eventual liqusdatlon of their debts.
L.—The present capitals Pled st 10.000.000 darling,
Lei=4l pm share is payable upon allotment. It is net the
of the Directors focal up room then a small croportion
at the share capital In all. as the successful conduct of a basins
sf tide description is chiefly through borrowed Capital.
BON.IIOWING MOVEHIL—As • means to make the advances
• the reffended scale contemplated the Comisay will tow
alsbessores for fined periods, end bearing a fixed ride of %Serest,
=
half-yearly In this country : and in order to Om the
oe such debanthros undnabtod soccurity, they will hams
Bea egi Os entire property of the Company, consisting ant of ,
the •she of the estates held on mortgage, and ranch exceeding
in mine lie dotal of its liabilities : tad womily, at the assets
al the Oseeptay, In which its paid-up capital Is Invested, loge-
cher with Oil Urge reserve of uncalled capital. The transmetions
of the Compaq win to emanated free from all reeeniattnee or
pueblos emtbstrown end mile regarded m
of the =am of a mmenslosion Amory between the CZIal
Welker died lbe Imam bwrower. opening to the lather a cora-
masa • m•baligilindanly to the value and security lfg taistips
afford.
PRO Ines of a wellconductod badman of this
descripMan, Web •MU for operations as India, raw 14 184041
by
eamparbos with the results realised by tile Freseek Ciddit
Fonder end other similar undertaking, lath Alma sad at
how. The Institution named is limited by Ys rlstelinirto lend
▪ per ant. isterest, and It bee to pig Nam Um 4pm Mal
Interest on money raised on its dobseftres. The man& of
profit h. therefore, very small. Noverthdons Ohs Mama Cot
paw pays • divideeth of 6 per omit pr swam mamba a
farther sum equal to 7 parkoat to warm India tho
of profit between tip, rate at which the mosey borrowedit
the rate at which it Is lent will certainly not be less than $ par
eget n that each £1,00,,000 borrowed in Eng and and loaned
In lathe will sire £30,000 a year towards art end on the share
espial, of which It Is not probable that more than 1.200,000 out
of Ms stookon, will be coiled up.
KANAOLM ENT IN INDIA. • Arrangeraenta have been made
with the shove three leading firma to act as agents In Lntba, an
an to enable the Company to commence business without urine•
weary delay.
75,000 sham have been subscribed for privately. and the
remaining 22.000 share% are reserved for public subscription.
Copal ci the ligentorudnm met Articles of Auociation lie foe
Inspection at the cake of the aolicitors, Mews. Freshtlelds and
Newman. 5. lisukaaildings, Lutabury, sod at the temporary
ogle. of the Company.
Applications to be made In the suldoinod form, to the tempo-
ran/ Aims of the themany, OD, Lombard-street ; or to the offices
of thr Oenersl Croft and Meiotic Company of Emden (Ladled),
$O, Csnnonetreet.