The Sun.
London, England, 1855-12-22 00:00:00

BANIIIIIB.

In Paris Messrs. Greene and Co.
The Loudon and County Bank.
In London_ Messrs. Robarts, Curtis, and Co.
salmons.

In Paris Mr. Petit Bergonz, Avoue au Tribunal de Pre-

micro Instance.
In London... Messrs. Wilkinson, Gurney, and Co.
The undoubted advantages produced by the amalgamation
of the omnibuses of Paris have originated the plau of concen-
trating Li one great enterprise the several associations now
working the omnibuses of London. _ _ _

If in Paris this amalgamation has made the capital con-
nected with it the most productive of any employed in loco-
motion, it is destined to produce in London effects of still
greater importance.
Not only will large savings be effected iu the present cost
of working the omnibuses of Lyndon, by a system which,.
being well organised in all its details, and at the same time
amply supplying the wants of the public, will enable the Com-
pany to withdraw duplicate and in some cases triplicate ve-
hicles running over the same ground at the same time, but
important improvements, alike advantageous to the public
and profitable to the Company, will be introduced.
As re ards the public : A complete regularity in the ser-
vice, which will confer all the advantages that i this respect
Paris possesses over London, combined with speed ; the
adoption of a low scale of charges, and the certainty that
there will be ne frequent and sudden changes in their
amount : the departures and arrivals taken place at precise
times, and iu accordance with a time bill, which will be pub-
lished monthly, on the plan of the railwv time tab'es
A 3 regards the Shareholders : The receipts of the London
omnibuses average 2/. 7s, a day each, and the expenses, in-
cluding wear and tear, about 2/. ls. 6d. ; this gives in the
present state a net profit of about 100'. a year per omnibus,
Under the improved stem of working, this profit would be-
yond doubt be considerably increased. The average receipts
of each of the Paris omnibuses before the amalgamation were
about 2/. Bs. a day ; since the amalgamation their daily aver=
age is 2/. 17s. 6d. •

In England, horse keep—the most expensive item con,
nected with omnibuses —costs less than in Paris.

The Paris Omnibus Company is liable, whenever the profits
reach a certain percentage on the capital, to have the annual
tax, to which it is subjected, increased by order of the Goi
vernment. No such power exists either with the English
Government or with tho municipality of London.
The purchase of a Loudon omnibus comprises, as in Paris, the
omnibus, its appurtenances, as well as the good-will of
" times" of the omnibus.
-

In Paris the Government compel the running of the omni 4
buses to be nearly the same at all seasons. In London, on
the contrary, the omnibus proprietors can proportion the
number of ♦ehicles to the season of the year and the hour
of the day, according to the wants of the public only. Hence
an advantage in London denied to the Omnibus Company in
Paris, which is compelled to run as many vehicles late at
night and early iu the morning as in the most busy periods
of the day, in the winter as well as iu summer.
In Paris the outside faro is only half the inside fare. In
London they aro the same, and the outside of the omnibus is
as much used as the inside.

Tho indicator, as used in the Paris omnibuses, is unknown
in London : its adoption cannot fail to add largely to the
receipts of this Company.
As soon as the present omnibuses are unfit for use, they
will be replaced by others, affording more comfort and bet-
ter accommodation to passengers.
To obtain the foregoing advantages both for the public and
the shareholders of this Company, the services of the most
experienced and intelligent omnibus proprietors have been
secured, under whose management the business of the Com-
pany will be conducted.
Contracts have been entered into for the purchase of the
greater number of the 810 omnibuses now working in Lon-
don, and it is expected that arrangements for the remaining
portion will be completed at a very early date.
The First Series of 200,000 shares only (800,0001.) will be
issued in the first instance. The capital so raised will pay for
the 810 omnibuses, the leases of stables, yards, and other
property required for the working the omnibuses, as well as
for a working and reserve fund. The latter, amounting to
about 200,0 01., will give strength and security to the Corn-
The Second Series or 00,04-0 snares can only be iesu..l with
the sanction of a General Meeting of the Shareholders of the
Com ,any, and will be used to increase the business of the
Company whenever circumstances shall render it necessary.
Each shareholder will have the right to this Second Series
of shares, at the rate of one for each four of the First Series
of which he is the possessor.
The duration of the Company is for 60 years.
With the present imperfect system of working, each of the
London omnibuses gives an average profit estimated at 1001.
per annum, representing upon 810 omnibuses an annual pro-
fit of 81,0001., which alone would be sufficient to secure a di-
vidend of 10 per cent, upon the 800,600/. first subscribed.
Assuming, in London, with the new system, an increase of
ss. per clay (instead of Bs., as has been the result of the atrial-
' garuation in Paris) to each omnibus, the result would be, on
the traffic of 810 omnibuses, an annual profit of more than
150,0001.,0
and upon the capital of 800,00 U/. would insure a
dividend
f nearly 20 per cent.
The Paris Omnibus Company is now paying at the rate lof
15 per cent, per annum.
It is the intention of the Company to publish every weak
the traffic returns.
per cent. of the dividend of the Company will belong
to the Shareholders-1i only being appropriated to the ma-
nagement.
Out of the capital subscribed a limited number of shares
have been reserved for distribution in England, and may now
be applied for.
The applications for shares should be made in the sub-
joined form, and must be accompanied with a deposit of 11.
per share with the bankers of the Company, on the number
of shares applied for. The remaining 31. per share must be
paid upon allotment, on the number of shares allotted.

FORM OF APPLICATION FOR SNARES.
To the Gerants of La Compagnie Generale des Omnibus do

Loudres (the General London Omnibus Company).
Gentlemen,—l request you will allot me shares
of 4/. each iu the above Company, and I engage to take the
same, or any less number that may be alloted to me. I have
Paid the deposit of 1/. per share, required by the prospectus,
to the bankers of the Company, and I engage to pay the re-
maining 3/. upon allotment, on the number of shares allotted
to me.

Name
Profession
Residence
Date................................................
The above application must bo forwarded to the London
and County Bank, with the deposit of 11. per share on the
number of shares applied for, against which the bankers will
furnish a receipt.

N.B.—Forms of applications for shares may be had at the
Company's Temporary Offices, 47, Old Broad-street, London.

STAR PACKETS from the TERRACE PIER,
GHAVESEND, 9, 2.
N-c.WICK WEIAKF, BLACKWA.LI., on the irrlva of the
fd,owing Trains from Fenchurch-street,
ling. 31,4 ,weather permit-
nip Packets will call at the Rosherrille, Oreenhitho, Purfieet.
and North Woolwich Piers.
To or f La, •un,lo:.•• •• 101 Is. Itr•
11 rhvesend asd Blackwall Or Woolvviel Bd Os. .00
~rich and London ...• • • .... •• • • • • . Rd. ne. Ind
Faith an! Blackwall or Woolwich.. .. sd. . os. sd
bet U ‘''aves and tutor .i.diste Piers.. 6.i. .. Us SO
Octohtr 23, 1155