The Sun.
London, England, 1855-08-04 00:00:00

BANKING and GUARANTEE BUSINESS
COMBINED.—The SOLVENCY GUARANTEE COM-
?ANY (registered provisionally), in union with and to supersede the
solvency Mutual Guarantee Company ; registered and incorporated
ander Acts of Parliament, 7 and 8 Vic., cap. 110, and 10 and 11 Vic.,
qs. 78 ; far the Guarantee of Debts, Rents, Bills, Notes, Bonds,
Compositions upon Embarrassed Estates, Contracts, and other Mone-
tary Risks, and also for Banking in Combination with Debt Guaran-
tee, whereby commercial and monetary transactions in general will
De greatly facilitated.
London-38, King William-street, London-tridge.
Manchester-23, Brown-street.
Liverpool-35, Old Hall-street.
Capital, 2.50,0001., with power to increase to 1,000,0001., in shares
0(51. each; deposit, 105. per share, or the full amount may be paid
pp.
tie further calls are contemplated, but the holders of shares of the
first series will be privileged as follows :
I. To pay up at any time the whole or any part of such shares.
2. To bo allowed a discount of 51. per cent. on the amount so paid
tip, if prior to the Ist October, 1855.
3. To receive interest at 6/. per cent. per annum on the amount
paid up.
4. To participate solely in the profits of the Discount Department,
of which the entire amount is reserved to shareholders.
5. To participate partly in the profits of the Guarantee Depart-
ment, of which one-third part is reserved to shareholders.
No shareholder will be liable beyond the amount of his shares,
special clauses to that effect being snorted in every guarantee and
contract.
No deed need be signed until after the first Annual Meeting.
This Company is not to be regarded as a new institutions= ut simply
as an extension and reconstruction, on the proprietary syem, of the
solvency Mutual Guarantee Company, which, since its complete re-
gistration in 1852, has, even with the limited powers afforded by the
purely mutual constitution, and in the lace of many and vast diffi-
culties, achieved a position and attained an amount of business which
it is confidently asserted have never been equalled by any institution
within the same time. This success it is believed will be greatly aug-
mented and consolidated by a further development of its powers.
The plan as nuw extended offers to shareholders a safe and (espe-
cially by means of the discount branch) lucrative investment
the, be-
sides reserving to them one-third of the profits arising from gua-
zantee business of the Company. The remaining two-thirds of these
profits to be divided among the assured members, who, is addition
to the advantages conferred by their guarantees, will derive legiti-
mate and most valuable assistance through the Discount, Reference,
and Debt Recovery Departments.
The business of the Company, which by the Deed of Constitution
may be greatly extended, comprises chiefly—
The DEBT GUARANTEE DEPARTMENT.
The application of the principle of assurance to this parpose Is
based upon accurately compiled tables, by which it is demonstrated
that, among the immense number of merchants, bankers, mannfac-
turs.rs, and traders of Great Britain, ;here is in each occupation,
within equal periods, a determinate average amount of insolvency.
The operations of this department comprise :
I. Gross Annual Return Guarantees, embracing the total sales of
a trader for a fixed term.
2. Floating Risk Guarantees, insnriug only a specified part of an-
ijual sales.
3. Special Risk Guarantees, covering separate risks, at premiums
varying. according to the nature of each case.
The BANKING and DIsCOUNT DEPARTMENT.
The objects of this department are, by discounting' trade bills
covered by guarantees issued by the Company, to afford to the share-
holders a safe profit, and to the assured the advantages of a " dis-
count account "in union with a guarantee on their gross annual
ales.

The system adopted will, when fully developed, differ in no mate.
rlal respect from the usual business of the Joint Stock Banks.

The operations of this department cimprise chiefly—
!. The discohnt of trade bills coveted by guarantees issued by this
Cortipany on gross annual returns. A preference will be given to
the bush:less of shareholders.

2, The discount of claims admitted under any of the guarantee
departments, but not due.
3. The receiving of moneys on debentures or deposit receipts.

The discounting of bills is strictly limited to approved trade bills
not having more than four months to run and covered by policies
issued by the " Debt Guarantee Department." It is obvious that
this last•menlioned restriction must give to the paper under discount
a security more perfect than ordinarily pertains to such invest-
pmts. . . . .

. Persons therefore who seek for a permanent or temporary invest-
ment of their surplus capital at the highest rite of interest compa-
tible with safety, will find in this branch of the Company's operations
a means certainly Rot less sate and remunerative than any afforded
by the joint-stock and private banks.
The deed of constitution provides for an annual division of the
profits, after the following equitable scheme :
• One-third.—To the shareholders as a bonus, in addition to the
entire profits arising from the use of their capital in the discount de-
partment.
Two-thirds.—To the assured, to be divided according to the rules;
one-halt to tie applied annually hi reduction of future premiums, and
the remaining half to be applied in the formation of a reserved fund.

Applicati ns for shares, prospectuses, agencies, &c., tot e made at
the chief offices of the Company, No. 38, King William-street, Lon-
don-bridge, City.

ro
Form of Application for Shares.
To the Directors of the Solvency Guarantee Company.

Gentlemen,--I request that you will allot me shares of £5
each in the above Company ; and in consideration of such allotment
or any lesanumber you may approcriate to mc, I hereby undertake
to pay the sum of per share thereon, and to execute the
Deed of Settlement when required.
Dated this day of , 185 .

Signature
Residence .. • ... ...........
Profession or Trade
Place of Business