The Sun.
London, England, 1855-11-20 00:00:00

UNITY JOINT-STOCK MTJTUAL BANK-
ING ASSOCIATION.
PRINCIPAL OFFICES.
Unity Buildings, 8 and 10, Cannon-street, City.
LEICESTER -SQ u.s.RE saAsen.
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.
Arrangenients have been made which will enable the bank
to commence business early in January next.
This bank, to be incorporated by royal charter, is estab-
ished for the purpose of founding the principle of MUTUAL
BANKING, whereby customers, who create the profits, be-
come entitled to a participation in them, by way or interest
on their cash balances. The principle of mutuality has been
for many years acted on ',3y insurance companies, and their
policy-holders have participated to a very great extent in
the bonuses, with much advantage to the institutions and the
shareholders. By ban'as, however, to this period, MUTU-
ALITY has been negliscted. The whole of the profits result-
ing from successful crperations have been given to the share-
holders only.
ADVANTAGES OFFERED BY THE UNITY BANK.
I. To sharebold.ers, 5 per cent., from the date of payment,
on all paid-up ca-pital,, as well as 50 per cent. of the profits.
11. To custorAers, in addition to the ordinary amount paid
on deposit and current accounts, interest on their cash ba-
lances, equival ant to 50 per cent. of the profits.
This is the plan on which the UNITY Joule STOCK MUTUAL
BANKING ABF CIATION is established. By it is created, for the
first time, ~tn identification of interest between the customers
and sharel,solders of the bank, who thus become mutually con-
cerned in *the extension of its business. It will be the means
of openb g lip neer business, preserVing a connection once
formed,, and productive of practical benefits to the public
genera -11 r. J..
CONDITION OF LONDON JOINT STOCK BANKS.
The slices= of joint stock banks in London is readily-ad-
mit+,ed, as well as proved by -the statements periodically
issi Led by those great commercial institutions. In support
of this, the following table is submitted, showing the condir
Vien 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 ;--

--...___
is o ci
c 57: 7a f):ii "Q
NAM; OP Bart. 1' F 4 ::*-1 A 0 f '.... Is I Z., 75 &41
- rj 4g. g•f i •9 -t
41 3 4 1 1 .4
i
.ima w..
.. . £ X .£
London and Westminster .. 1834 1,000,000 20 47 16-i 4
London Jbtnt Stock ......•• t 836 600,000 -30. 32% 25 , 7".
Union Bank of London .... 1839 422.900 -10 ' , 30t 20 144
London and County. ...... 1839 394,135 • 20, -39)& 12 i..;
Commercial Bk. of London 1840 300,000 20 31 10 I ;
)10711.1 8ai1k1.10,0,41.,.. • 1849 ,3.4 000 50 • • 6.1 it
--•- - -
._ -

The above banks publish the following facts with regard
to their positions :—•
I. The entire amount of subscribed capital in the six joint-
stock banks in, bonden is 12,704,200/.
11. The amount"thereof paid up is 2,817,0351.
The aniount of deposits, or customers' balances,: is
29,376,4101_
IV, The tetiniumber of shareholders is 4,097.
V. The number of shares issued, 187,084.
Thus is presented proof of known security, extent of busi-
ness, and general financial resources. These establishments
hold' half-yearlxv meetings,, and lay before their connections
full accounts 6f iceir progress and general operations. This
course cannot fail in inspiring with confidence all who have
any dealings wits 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 isproved to demonstration, that joint-stock banking,
under proper supervision, affordss 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 capit.A. 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

6,912,1161. It has thus increased two-and-a-half fold. so that
every 11. has now become 21. 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 4A, Hyde-park-place, Cumberland-gate.
G. L. P.' EYRE, Esq. (Messrs. Trinder and Eyre), 1, John-

street, Bedford-row.
THOMAS CARLYLE HAYWARD, 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-
ings, 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 SNA.PE, Esq., 2, Stone-buildings, Lin-

coin's-inn.
EDWARD GOULD BRADLEY, Esq., Heathland-lodge,

Hampstead.
MAJOR MARTIN MULICERN, Ightfield-house, Alsop-

terrace, Regent's-park.

, ... _
BANKERS.
THE LONDON AND WESTMINSTER BANK.
SOLICITOR.
THOMAS TAYLOE, Esq., 27A, Bucklershary, London.

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

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

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. .