The Express.
London, England, 1865-06-20 00:00:00

PROBPICTUB.
This Company has been formed by the amalgamation of the
foling London firms, for the pupae of carrying on and en.
leadiowing their business se mareants soda the Joist Stock Com-
panies Act with limited liability :
Messrs. Robinson and Fleming.
„ Bedlam Alexander and Co.
Lane, Hanka', and Co.
Itxpertenee shown that undertakings established upon the
principle of limited liability can ivlly carry out the most
watidental operatives of banking sad nuance, and the directors
feel wired that mercandis dansections will sow be even more
freely euersded to a
ro,l=ii teemed than to private lima.
is it believed that the publication cd s shad,
with the security ego rd by a large uncalled capital, will, when
combined with the personal umileileffleat of a board of ex-
perienced me chants, attract Mashie's of the bed class, under
permanently favourable coaditions.
The basis of the arrangement with the amalgamated firma la
as follows :
1. AU the thibillUes arid obligations of each bowman to be
liquidated altogether Judi pendently of the Compsoy, except
where any such may hereafter be agreed to be taken over by the
board ma new and desirable busbies.
2. The partners of each house hind themselves not to enter
into any fresh mercantile operatic= in &island of a dmliar
character during ten yews ; and the oompletecess of the hatudsr,
with the efficient management of each particular class of bud-
nee., theendued by mama members of the three One
Filming board and as directors. The qualification
of each director Is flied by the articles of mediation at £lO,OOO
to be bald in the stook of the Company.
& The total good-will of the amalgamated firms will be taken,
one-third in shares, with ASO paid, and two-tkirds in debenture',
payable, with 6 per cent interest. is equal annual instalments
over ton years; Uwe identifying the interests of the vendors
completely and continuously with that of thiCompany.
Tits total amount thus paid to the three firms for goodsrlid In
shame and debenture. wi be £376,000, Wilds sass Is calculated
upon their actual profits for three years without vitimalingany
increase from new business, or swings which will be effected by
the ania/gentation, and assuming only the present profile of the
united firma, a large dividend may therefore be anticipated on
the paid-up capital, from the ettabliahment of the Company.
The amalgamated grins, and their immediate connections, are
prepared to subscribe for • large portion of the proposed capital
but, as it is believed that the influence and prosperity of the
Company will be increased by establishing it on a wide and
public basis, and that many investors will gladly wise the oPlior-
inlay of than becoming merchants without the unlimited risks
of partnership. the Directors have decided to open the subscrip-
tion to the public.
To meet the wishes of those who may dedre to pay spat once
the amount that is intended to be called on the shares, it has
been decided to allow such prepayments to the extent of kW per
share, and such shares will thee rank for dividend in proportion
to Use amount paid up. A separate form of application for such
Wane is annexed.
There will be no promotion money paid for the formation of
the Company.
Applications for shares, accompanied by a remittance for the
deposit, may be made to the bankers and brokers. The articles
of assoclaUos are open for inspection at the °Mee of the sob:Kora.

MIDI 07 APPLICATION theY SHAILIIL
(To be retained by Bankers.)

No
Te the Directors of the London Merchants Company tLimlted).
Gentlemen.—Haring pald to your bankers, the
o(E being a depcolt of E 2 per slum es
slams in the above Compan,y. I hereby request that you will
Ad me that number. and I agree to accent such chum or any
Isis number you may allot to me, and I agree to
topay the sum of A 8
per share on allotment, and I authorise you insert lay name
on the register of members for the number of shares allotted
to me.