The Express.
London, England, 1865-10-31 00:00:00

DIRECTORS.
The Right lion. JAMES [CART WORTLEY. Governor.
/AWES LEVICE, lbs., Merchant, Lints Arms-} Deputy
714
JAII NITORITT DANIM. Rol.. Governors.
James Childs. Rol.. London.
William Dent, son., lies.. Chairman of the Thames and Mem)
Marine Insurance Company.
Alexander Dunbar, Req.. Old Broadstrest, London.
Charles Zills, Wye iJu)d's.
Adolphe Hakim, Eeq.. Cornhfll. London.
William Hanisoo, (Ileum Young, Harrison, and Bevan).
Deputy-Chairman of the Thames and limey Merino Insurance
Compeer.
Richard Mout Lane, Esq.. Old Brood-street, Loudon.
Charles L Newbos. lot • London.
Henry Poweall, Esq., J. T., Russell-square. Loudon.
Joseph Wachrill Stleßb. Ehq. (Marra Mackr(ll Smith and Co.),
Old Brood-street tondos.
[dwarf Warmer, RN., ILL, London.
James White. EN IL?, London-
Albert Great, Ices., M. T., Mansiing Director.

The Ages and Madernsan's Bank iLhalted).
Messrs. Smith. Payne, and Lanka.
The National Bank, London. Dublin. and Its Branelses In Ireland.
The National Bank of Scotland.la Edinburgh, and its branches In
licednd.
Somattonii—Yana. ddirlden admit add 00., Nisheisaine,lLC.
WWI. Lamm" &s, sad Pewee, 7. Angeldowit% Thaw
woriondtreet, LC., London.
Medusa Manisa and Psalm, t uyerpoa.
Madura Tod sad Ashton,
Meads. Shoes and Kirk, Manoluesaw.
ildrintatill—Altred Lowe, Lg.
oMord-17 and IS, CoraMIL S.C.

PROSPECTU&
The marked MOMS which has attended the °wallow of the
Credit Fonder sad llobiller of England (Lbnit.W) is almost unex-
ampled in the hlatory of any commercial undertaking.
The media of Its operations have been so satisfactory that, as
will be seen by the half.yearly report Just lathed, a dividend and
bonus, up to the 30411 September, at the rate of 40 per cent per
enema, has been declared, being the same dividend and beaus ea
was paid for the previous hall year.
Besides these unpeecedeeted results. the Company is In the
posseseion, up to 30th September, of a general reserve fund of
£BOO,OOO, of a dividend reserve fund of £11:0,1100, and has profits
in hand up to the same perkxi, after paying the above-mentioned
dividend and bonus, of £50,406 4s. Sol, the paid up capital
being £500,000, making in all 0350,006 U. Sd., or above ale 10s.
Prd
The following la the business transacted by this Company :
This Company negotiates Loans for Colonial and Yoreign
Governments.

In the financial arrangements of British and
C°="4 alls 'nye.
Makes advances to Corporations, Town Councils, and other
public bodies.
Negotiants Loans for Public Works.
Amide In the Introduction of Industrial and Commercial
undertakings.
Makes advances upon approved Stocks, Shares, Bonds, de.
Makes temporary loans upon eligible freehold and lease-
hold securities, and generally transacts such other finan-
cial business as Is suitable to the capitslist, whether as
gpryle,VEl or agent.
The increased and still Increasing amount of business
offered to lb Company, both by indicant private dims, com-
panion and corporations, has decided the Court of Directors to
make their second issue of shares, by allotting the niraelalng
capital of the Company, consisting of 100.00 u new shares, on
which 1.5 per share only is Wended to be called op.
These 100,044 now shares the Directors propose to Desna
follows, rig :
30,000 shares will be issued to the shareholder* In this Com-
pany who stand reant*red on the hooks of the Company, to be
allotted is Otos itt • I,9llina of IS its, pee share, In the pro-
p•rtion of one teirsis'Y for every two shares now held ; and,
60,00 a shares will be issued to the general public (including
such ihareholders as may wish to apply for shares in addition to
those they are entitled to as ebarehoidas), to be allotted eta pre-
mium of £3 Ids. per share.
The Mealtime to be received upon this Jesse will amount to
0300,00*, which will be added to the ii 200,000 already standing at
the credit or tho gametal reserve fund, and fundus Macaw that
fund to groo,ooo. The dividend reservebeing SlOO,OOO,
the paid-ap cat ital will then be £1.000.000.
The new Shares will be petit up as follows, via.:
On those issued at CI 10a per share premium to the share-
's:ll6am:
41 • • pia alum on allllpecallon ; being on capital
1141:0
110 • peeslum on allotraeot ; £1 being on capital
itooouat, 10e. as premium ant-sunk
2 10 0 per abare on Ist January, 1800; gl 10e. bcing on
capital account, Et on premium account.
2 • poi ahem co lat knob. MI; Wei balm so
capitalaccounk glue/it-count.

17 10 0 being E 5 capita, L 2 10a. presidiums.
On those shares honed at £3 lug. per share premium to the
general public, the followlog will be the mode of payment
Et 0 0 per share on : being on capital account
10 0 per share on allotment application
LI Doing on capital ac.
count. Li 111. on premium account.
2 10 0 per 'bare on Ist January. 1866; El 10e. being on
capital account. E. on premium account.
210 0 per share on Ist March, Mee ; 10e. being on
capital account, 41 on premium a4x.ount.

LB 10 0 being dfl capital. 61 104. WO.
These 100,000 new shares will participate the next distribu-
tion of profit& pro rata with the existing shares, according to the
amount of capita paid up thereon : the valuable option will be,
however, reserved to the holders of tame shares of paying upon
any of them the whole of the above instalments at any time pre-
vious to the date of the last instalment, vix., let March, lege, on
paying the Company back Interest from the date of such pay- ;
ment to 90th September at the rate of 20 per cent. per
annum on the LS on capital account the shares so paid up to be
then entitled to the same amount of profits next half-year as la
declared on the existing shares.
Interest at the rate of 20 per cent per annum will be charged
on all instalments Dot punctually paid and any instalment not
duly paid will render the previous payments liable Co forteltUre.
The Directors are aware that in thus admitting the public to
subscribe for shares at a price so much below their real value
they are departing from the practice generally adopted in an
issue of share., of offering the whole of them to -
holden bat the Directors are so impressed with the Importance
of increasing the area of influence of this Oonipany —influence
second only ha importance to capital to a Company like the Credit
' Fonder and Mobiller of England—end have had such proofs In
the result of the Issue of shares a year ago of the sound policy of
admitting the public to a participation iu such issue, that they
feel confident of obtaining the approval of the shmeholden In
the courie they have adopted.
The following calculation will guide investors in estimating
the intrinsic value of the shares, after the dividend and bonas
now declared are paid. and when the issue is completed :
The capital Reserveill anumet to L 1,000,000 0 0
The Genera Fund
The Dividend RenerTe Fund lOO,OOO 0 0
In head, proliM not divided 60,800 4 9

£1,450,805 4 0
Equal to above LS ss. per share on the whole 200,000 shares.
So that the public, on subscribing at £BlO5. per share (belegLlS
capital and £3los. premium,. are being admitted partners in this
Company by only paying Ss. per share premium. as premium ;
oy Se per share being actually represented in value In the a-sets
of the Company. Over and above these advantages, there is the
probable enhanced value which wiLl attach to these shares, in
the same way that the shares Issued to the public at L 2 13a. 44.
premium in Septemher. Dios, after having receiver! LI per share
In April last as dividend and bonus, are now worth .4.5 Ss. per
share premium, making together CS Ss. for what they paid
£2 13e. 4d. foe. being in one year more than 140 per cent. Increase
in value on the amount paid for premium.
The Directors feel that with a pald.up capital of £1.000,000, a
general res•eve fund of CSOO.OOO, a dividend reserve fund of
LlOO,OOO, making a total of Z 1,640,000. they will be In a position
to meet the esigencies of any business that may be brought
before them ; it Is, however, the intention of the Directors to
lucrease, out of future profits, the dividend reserve fund to
£300,000, being in accordonce • ith the plan announced In the
last report, to have always in hand one year's minimum divideed
at to per cent. per annum, calculated on the amount of the capt.
gal paid rip for the time being.
Th.. Directors further wish to place on record their deliberate
opinion awl conviction that this Company is destined lu • very
short period to take a foremost place among the leading mone-
tary institutions of the country.
Applications for shares may be made in the form annexed,
and most he accempanimi by the payment of £1 per share.
Should a less number he &Doted than is applied for, the sum paid
on account of such application will, so far as It will extend, be
applied in payment of the sum due on allotment.
Prospectuses, forms of application for shares, and copies of
the
to
the report. licit published, may be had on applies..
riot to the hankers, Soors, Stock Brokers, or of the Secretary
at the Offices of the Company, 17 and 18. Coruhlll, C.C.
The lista of application for shares will he closed on Thursday.
the 2nd November, at 4 o'clock, for LOlltloll, and on Friday. the
3rd November, at 12 aeloek, fur country applications, before the
expiration of which time all applications must be made.
Loudon, October 20, let*.

GENERAL PC BLIC.
Form C.
PORN O► APPLWATION ►O! SHARI&
10 be retained by the Banker..

No
To the Directors of the Credit Fonder and llobillcr of England
(Li .
Gentlemen,—having paid to your hankers*
the sum of .s: being a deposit of Ll per share on
New Shares In The Credit Fonder sod Mobiller of
England ;limited). 1 hereby request that you will allot me that
number, sad 1 Niece to accept such shares, or any less number
you may allot to me, an the terms of the prospectus. at .e 7. 101.
premium per share, and 1 agree to pay the amount due on
allotment, and the other Instalments an they become due, to
sign the Articles of Association if required, cud 1 authorme you
to Insert my name on the register of members tor the number
of shares an allotted to me.
Usual signature
Name in full
Residence
Profession
Date
• Insert bankers' names

1866.

1111 E CREDIT FONCIER and MOBILIER
of ENGLAND 'Limited).
NOTICE IS HIRED Y GIVEN that the LI'TS of APPLICATION
for the NEW SHAREs In this Company will be CLOAED on
THURSDAY, the 2nd November, et o'clock, for London. and
on FRIDAY, the 3rd November, at 12 o'clock, for country appli-
MAIMS, before the expiration of which time all applications
must be aide.—B2 order. ALFRED LOWE. Secretary.
17 and ld, CornMIL London, Oct. 24,1261.