The Sun.
London, England, 1855-11-13 00:00:00

.74 V
it

NAMZ OF BANK.

London and Westminster ..
London Joint Stock ......
Union Bank of London ....
London and County ..., ..
Commercial Bk. of London
Royal British f,ank........

t 834
1836
1839
1839
1841
1849

1,000,000
600,000
422,900
394,135
300,000
100,000

B IIoKERS.

GENERAL MANAGER.
GEORGE CHAMBERS, Esq.
(from Messrs. Barnett, Hoare, and Co.)
- SECRETARY.
HENRY LAKE, ESQ.

IsTITY JOINT-STOCK MUTUAL BANK.
'LNG ASSOCIATION. •
PRINCIPAL OFFICES.'
Unity Buildings, B'and 10, Cannon-street, City.
LEICRSTBR-SQUARE BRANCH.
1, New Coventry-street, Leicester-square.

CLOSING OF THE SHARE LIST.
The directors are happy to announce that, in consequence
of the large number of shares that have been allotted and
paid upon, the share list will be closed on Friday, the 30th
November, after which date no applications will be received.
Arrangements have been made which will enable the bank
to eomrneace business early in January next.
This, bank, to be incorporated by royal charter, is estab-
lisher', for the purpose of founding the principle of MUTUAL
BA'ARING, whereby customers, who create the profits, be-
comae entitled to a participation in them, by way of interest
on their cash balances. The principle of mutuality has been
for many years acted on by insurance companies, and their
policy-holders have participated to a very great extent in
the bonuses, with much advantage to the institutions and the
she.rebolders. By banks, however, to this period, MUTU-
ALP.V.Y has been neglected. The whole of the profits result-
ing from successful operations have been given to the share-
-Ih7 only.
ADVANTAGES OFFERED BY THE UNITY BANK.
I. To shareholders, 5 per cent., from the date of payment,
on all paid-up capital, as well as 50 per cent. of the profits.
11. To customers, in addition to the ordinary amount paid
on deposit and current accounts, interest on their cash ba-
lances, equivalent to 50 per cent. of the profits.
This is the plan on which the Us= Jorxr Smelt MUTUAL
BANKING ASSOCIATION, is established. By it is created, for the
first time, an identification of interest between the customers
and shareholders of the bank, who thus become mutually con-
cerned in the extension of its business. It will be the means
of openin up new business, preserving a connection once
formed, and productive of practical benefits to the public
generally.
CONDITION OF LONDON JOINT STOCK BANKS.

The success of joint stock banks in London is readily ad-
mitted, as well as proved by the statements periodically
issued by those great commercial institutions. In support
of this, the following table is submitted, showing the condi-
tion of each of the six metropolitan joint stock banks which
have published accounts, the original cost of the shares,
their present market value, and the dividends payable
thereon ;

x
47
3234,
aa
39%
31

16
25
1
20 • a
12
10
6J g

The aLove banks publish the following facts with regard
to their positions
I. The entire amount of subscribed capital in the six joint-
stock banks in London is 12,704,2001.
11. The amount thereof paid up is 2,817,0351.
111. The amount of deposits, or customers' balances, is
29,376, 410/.
IV, The total number of shareholders is 4,097.
V. The number of shares issued, 187,084.

, -
Thus is presented proof of known security, extent of bus',
nesa, and general financial resources. These establishments
holfl half-yearly meetings, and lay before their connections
full accounts of their progress and general operations. This
course cannot fail in inspiring with confidence all who have
any dealings with them, while it gives to the public the
means of forming an opinion as to their responsibility.
INCREASED VALUE OF JOINT-STOCK BANK SHARES.
It is proved to demonstration, that joint-stock banking,
under proper supervision, affords a most legitimate and un-
usually profitable field for the investment of capital. The
dividends paid by the banks above quoted vary from 6 to 25
per cent., and the latest quotations of their shares show an
increase of 55 to 225 per cent. on their paid-up capital. The
real increase, however, in the value of the shares may be bet-
ter understood, by the fact that the paid-up capital of these
six banks is 2,817,0351., and that its present market value is
6,912,116/. It has thus increased two-and-a-half fold, so that
every it, has now become 2/. 10s., and there is every prospect
of this amount continuing to increase in value.
COURT OF DIRECTORS OF THE UNITY BANK.
GOVERNOR,
J. J. MECHI, Esq., Tiptree Hall, Kelvedon, Essex.
WILLIAM JOSEPH BRUCE, Esq., 16, Duke-street, West-
minster, and 4e, Hyde-park-place, Cumberland-gate.
G. L. P. EYRE, Esq. (Messrs. Trinder and Eyre), 1, John-
street, Bedford-row.
THOMAS CARLYLE HAY-WARD, Esq. (Messrs. Hayward
and Sons), 93, Minories ; and 3, Highbury-park North.
MAJOR HENRY STONES, LL.B., 33, Nottingham-place,
Regent's-park.
ROBERT GARLAND, Esq., Thames-chamber, York-build-
inge, Adelphi, and Belfiore-lodge, Highbury.
THOMAS H. BAYLIS, Esq., Cannon-street, City; and 4,
Nottingham-terrace, York-gate, Regent's-park.
Dr. LLOYD, 4, Suffolk-place, Pall-mall.
ROBERT JAMES •SNAPE, Esq., 2, Stone-buildings, Lin-
coln's-inn.
EDWARD GOULD BRADLEY, Esq., Heathland-lodge,
Hampstead.
MAJOR MARTIN MULKERN, Ightficld-house, Alsop-
terrace, Regent's-park.
BANKERS.

THE LONDON AND WESTMINSTER BANK.
SOLICITOR. _ _ _

THOMAS TAYLOE, 'E—sq—..-25.:13ticklersbury, London.

Messrs. R. and J. SUTTON, 22, Royal Exchange, London.

Each of the directors is duly qualified, having subscribed
for twenty shares, and paid the deposit of 1,0001., in accord-
ance with the deed of settlement.