The Sun.
London, England, 1864-02-17 00:00:00

CREDIT FONCIER of MAURITIUS (Limited).
Incorporated with limi ed liability under the Com-
panies' Act, 1862.
Capital £500,000, in 10,000 Shares of £5O each. Payable on
allotment £2 per Share. It is contemplated that about £lO
per Share will be called up.
DI RECTORS.

LONDON BOARD.

.......
Colonel Balfour, C. 8., late Chief of Military Finance De-
partment of India, Director of the Land Mortgage Bank of
India. _ _ _

Sir John P. Grant, K.C.8., late Lieutenant-Governor of
Bengal, and Director of the Land Mortgage Bank of India.
George Henry Money, Esq., 9, Berkeley-street, Berkeley-
square.

George Palmer Robinson, Esq., Director of the Alliance
Bank of London and Liverpool.
Richard Spooner; Esq., Deputy-Chairman of the Bank of
Hindustan.

F. A. V. Thurburn, late Deputy-Commissioner
of Revenue in Oude.
Henry Young, Esq., late Chief Secretary to the Govern-
ment at Bombay.
George Clerihew, Esq„ late Chief Medical Officer at
Mauritius.

MAP RITIUS BOARD.
The Hon. Ceiiconrt Antelme, Member of the Legislative
Council and Landed Proprietor.
The Hon. Henri Pitot, Member of the Legislative Council
and Landed Proprietor.
G. C. Bourguignon, Esq., Merchant and Landed Pro-
prietor.
Henri Plasson, Esq., Merchant and Landed Proprietor.
Volcy de Sennevill,„ Esq., Landed Proprietor.
LONDON AGENTS.
The Land Mortgage Bank of India (Limited).
BANKERS.

London—Alliance Bankol London and Liverpool.
Mauritius—The Chartered Mercantile Bank of India, Lon-
don, and China.

•
SOLICITORS.
Messrs. Flux and Argles, Mincing-lane.
BROKERS.
Messrs. J. and A. Scrimgeonr, 10, Old Broad-street.
SECRETARY (pro tern.)—Wm. Grcenre Dick,-Req.
Offices, Land Mortgage Bank of India, 17, Change-
a E.C.
The progress of Mauritius, as the chief scat of the produc-
tion of sugar by free labour, has been such as to create a
large and valuable landed property, which affords an excel-
lent field for the operation of a Land Mortgage Bank or
Credit Fonder.

-firefOflOWing table of the exports of sugar from Mauritius
the
the best pro )1 of this progress, and shows how firmly
the prosperity of the colony is new established :
Tons.
1850 ,.. 55,4118
1851
1852
3853 ....................
1854 ................. ...,
1855
,
3856 ... ............................
1857 .................... ..
1858
......... ,
3859 .................... , ........... 125,000
1860
130,869
The crop of 1861, owing to hurricane, only produced
108,000 tons, but that of 1862 readied 160,000 tons.
This production tends every year to increase with the f lei-
lities of obtaining labour from Irdia, with extended cultiva-
tion and irrigation, and with the establishment of railroads,
which are in course of execution, and will be partially open
to traffic in the early part of this year.
At the present rate
sugar crop may be oducton the annual value of the
taken at z 3,001,000, and the fee-simple
value of the sugar e dates at £6,0)0,000 ; in addition to which
estates,
high,
Pr of
there is a large amount of real property in lands, houses, and
other forms.
There is also great scope for uieful outlay of capital in im-
p r
To vheem rate
n t so of
n interesttates,
waste lands, and irrigating,
la
exceanbY erecting new machinery, clearing
to 10 per cent. per annum, or 84er cent. interest, with 2 per
and a rate equal
cent. commission, would be rea ly paid on loans redeemable
by annuities, and with a security never less than double the
advance.
It is estimated that a sum of £2,000,000 might be safely in-
vested at this rate.,
Supposing £1,000,000 Only to 5e invested at a difference of
4 per cent. between the rate Pail upon bonds in England and
received in Mauritius. it is
evident that the profit on the
paid-un portion of the share capital, which would not exceed
£lOO,OOO or £150,000, would be very large.
The remainder of the Share capital of £500,000, together
with the amount of first
InOrtg'sges on first-class real pro-
perty, which would these boys
equal the amount of bonds issued,
would thus give these bonds
an unexceptionable security.
The legislation of Mauritius affords great advantages for
the establishment of a Credit Fonder,
It is the same as that of the Trench Code Civil, and a law
providing a simple and effectiveregistration of all mortgages
has just been passed for the express purpose of facilitating
the establishment of Complinies to lend upon land.
Under these
to the Directors of the L circumstance_
0 an application has been made
halt of a large number ofnd
litortzagarincip Bank of India, on be-
ath
--e Palmembera of the Legis-
lative Council and Landed A
.-roprietors of Mauritius, to esta-
blish a branch there.
The Directors of the Land Mortgage Bank were of opinion
that Mauritius promised an excellent field of operations, but
as the nature of the properties and tenures of land are diffe-
rent from those of India, to
Which the original subscriptions
of their Bank were invited, it was thought better to raise a
separate capital and eorlstitllte anew Company, which, while
connected with the Mort
-age Bank by friendly relations,
should yet be a distinct institution. The close connection
between Mauritius and India renders this alliance peculiarly
desirable, and will be the means of securing valuable busi-
ness to the new Company, ,u-
-le the expenses of an offiee
and establishment in London Will be diminished by mutually
advantageous arrangements,
A deposit of £2 is payable
Oil allotment, and calls by in-
stalments up to XlO per share Will be made, after which it is
intended to issue Bonds.
The Articles of Association lie at the offices of the Solici-
tors for inspection.
Applications may be made in the annexed form, addressed
to the Offices of the Land Mortgage Bank of India (Limited),
Change-alley, or to the Brokers.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Credit Fonder of Mauritius (Limited).
Gentlemen,
Shares
Articles of Association, an suchgree to become a Member of
I n I
the herebyabove
thatpalnnydrprraltsoutuferbeial
Profession
allot loon.
that
t theai.
tue.
B.
iiey.B.... .
..
Memorandum.. . :
and.. ,
.:
ttre Company in respect orSharesbaenred
forto thepay
Shares
edsespoos:lootfte:
wine may be
Residence
...
less number you mayaloiclfoatmuleeme:n
full
perpl placed
Share aorne
the
Register thereon , or in respect of any
Reference .....:

CREDIT FONCIER
(Limited). oF M AURIT WS
NOTICE IS HEREBY GIVEN, That NO FURTHER
APPLICATIONS for SHARES in
this Company will be
RECEIVED after Four o'clock TIT'S DAY (WEDNES-
DAY), the 17th inst.
By Order.
17, Change-alley, Ka.w3l' QR.&anE DICK, Secretary.
Feb. 17, 1864.

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