The Sun.
London, England, 1864-08-05 00:00:00

PENINSULAR, WEST INDI AN, and 1
SOUTHERN BANK (Limited).
tdapital, £2,000,000, in 20,u00 shares of £lOO each, with
power to increase.
10,000 shares (L ,000,000) are already s'abscribed.
Deposit on application, Ll ; on allotment, Li per share ;
L. 10s. to be pa,d at expiration of one month, and £2 10s.
at expiration of two months.
No further instalment or call at intervals less than three
months.
DIRECTORS.
IV. Austin, Esq., Director of Metropolitan Railway,
London.
M. G. Bayvet, Censeur of the Bank of France, Paris.
Geo. Brocklebank, Esq., Director of General Steam Navi-
gation company, London.
IV. O. Bureau, Directeur Si-xie!e" Generale d'Entreprises
Industrieiles d'ltalie, Florence.
C. H. Bode. Esq , Oldham, Lancashire.
James Bancks, Esq., Broxbourne, Herts, Chairman of the
Tamar and Callington Railway.
M. S. Fenzi, Banker, Florence.
The Right lion: Viscouat Ingestre, M.l'., Eaton-place,
London.
His Excellency S. Louis Gnilhau, Banker, Madrid.
S r W. Gore Onseley, K.C.8., late H.M. Minister Pleni-
potentiary, South America (Prov.)
Sir E.iwin Pearson, Director London and Stafford-
shire Bank, Wimbledon.
N. Rougement de Low€nberg, Banker, Paris and Berne.
(With power to add to their number.)
SOLICITORS.
London—',Tessrs. G. S, and H. Brandon, 15, Essex-street,
Strand, W.C.
L'verpool—Messrs, Littledale, Ridley, and Bardswell.
BANKERS.
Bank of London, Threadneedle-street, E.C.
London, Birmingham, and Staffordshire Bank.
BROKERS.
London- ;Messrs. Robins and Barber, Threadneedle-street,
Liverpool- -Messrs. Theakstone and Hargreaves,
Manchester. -F. A Fynney, Queen's Chambers.
AUDITORS.
Messrs'. Johnstone, Cooper, intle, and Co.
Great Sr. Helen's, B.C.
SEC RETAR (pro tern)—B. P. Young, R.q.
Temporary 00ces-34'

pi,: 0 SI'ECTIP4.
The principle of lizrii,d liability in banking has been
in the establishment of Banks,
t
theamsu6succese;ully erapio;vea
following table of solat' tf Ihe Companies recently
formed shows, ;--

A:mount Present Profit
pa.,d, value. per cent,
Alliance ....
Consolidated
East London 5 81 .. 70
European ............
Ircperial
London and Brazilian
London triad South American 7 .. 11 .. 57
Merelant
iercantile
Metropolitan

The trade between this country and the Nor, hern States
and parts of South America has been most successfully pro-
vided for; one great want, however, has yet to be supplied
—there remain the trade o. the West Indies sail requiring
accommodation, and the enormous trade of the Southern
States totally without provision.
The reduction in the duties on Sugar, and its present
high price, and the stimulus to be even to the growth of
cotton, must tend to increase the trade of the West Indies,
and thus necessitate increased Banking facilities.
I. is true that the war has derangad and cramped the
business operations of the Southern States, but a trade of
such enormous extent could not possibly be suppressed ;
and accordingly, the commercial statistics of the West
Indian Islands, which lie contiguous to the American coast,
show that a great portion of the trade of the Southern States
has been transferred to them.
It is a fact that Havannab, St. Thomas, Nassau, Ber-
muda, and other ports, are now transacting the most ex-
tensive business ; their harbours are crowded with shipping,
and yet they are without any increased business acc ,mmo-
dation, and in some cases do not possess any banking
facilities at all. For instance, .Nassau and Bermuda
possess but one Bank, the operations of which are
very limited ; whilst the paucity of banking accommoda-
tion at llavannah and St. Thomas is well known ; and yet
the imports and exports of these ports to and from the
United Kingdom amount annually to about eight millions
sterling, _ _ I

They Peninsular, West Indian, and Southern Bank
(Limited) is formed chiefly for the purpose of supplying
this deficiency or banking accommodation.
It is proposed to commence business immediately at St.
Thomas, Bermuda, Nassau, and Liverpool, in which places
a very large and profitable business may be effected. In
Nassau alone great amounts in Bills are sold in the market
at premiums as remittances to this country. As compara-
tively no provision is made for this the Bank could not fail
to realise a great profit in Exchanges alone.
The commercial importance of the Isthmus of Panama to
our trade with Australia, New Zealand, California, &c.,
and the development to be given to the Northern States of
South America, have suggested the propriety of providing
in the Articles of Association for power to open branches or
agencies at Panama, Granada, Venezuela, Guayana,
slattnld such appear to the Directors desirable.
Negotiations are now pending through which the moat
powerful support is anticipated in the above places.
Whatever may be the duration of the present American
war, it must sooner or later end, when immediate advan•
tage would be taken of peace to extend the Bank, with its
established machinery, into the Southern States, where,
with the connection already formed by its operations in the
surrounding !stands, it is lair to presume it would become
the Bank of the South; and when it is remembered that
the Southern States of America, in one article export alone,
gave employment to one-third of the manufacturing popula-
tion of Eagiani, it is impossible to overstate the prospects
of a Bank commencing business there with the advantages
of a large capital and an already formed connection.
One cf the principal objects of tea Bank thus being the
ultimate establishment of Branches in the large cities and
towns of the Southern States, to provide banking accommo-
dation for the immense trade with Europe certain to follow
the termination of the war, powers are included in the
Articles or Association for the establishment of Agenci,s in
such of the capitals of Europe as may have close ba,irc:,s
relations wi;h America; and arrangements have already
been concluded with influential continental societies, by
which tha rank secures the co .operation of eminent cap:-
taLsts in France, Italy, and the Mediterranean Penin-
sulas,

'fne operations of the Bank will be limited by the Artich s
of Association to a legitimate Financia: Business only, and
will consist of the negotiation of bills of exchange—buying
or selling on different parts of Europe—receiving money on
deposit, discounting commercial bills, collecting bills,
advancing on such bills, or Traduce, and on other available
securities, and all other ordinary banking, financial, or ex-
change business.
The Directors retain the right of reserving 5,000 shares
for foreign or continental issue, should they deem it desir•
able.

Early application for shares is requested, as a groat por-
tion of them have been already subscribed. Should a less
number of shares be allotted than applied for the balance of
deposit money will be applied in part payment of the instal-
ment clue on allotment.

Prospectuses and forms of applications for shares may be
obtained at the tankers, Brokers, and at the Temporary
Offices of the Company, 34, Great St. Helen's, Bishopegate-
street,

FOR3I OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
To the Directors of the
_Peninsular, West Indian, and

Southern Bank (Limited).

Gentlemen—Having paid to your bankers the sum of
, being a deposit of X 1 per Share on Shares
in the above Company, I hereby request that you will allot
me that number ; and I agree to accept the same or any
lesinumber you may allot me, and to become a member of
the Company, and to pay to your bankers the further sum
of £4 per Share on allotment; and I authorise you to place
my nave on the Itegibter of 6harsholders for the Shares so
allotted, and to forward, by post, to my address as below,
the certificate for any shares which may be allotted to me,
Name in full

Address ... .
Occupation
Data

"PUNCH'S' MOTTO FOR Bizmingh.am.—" Honour
Bright 1"

Yesterday morning W 33 the b.Tinnirg of the
oyster season at Billingsgate. There was in consequence
a considerable amount of excitement at that famous market,
MARRIAGE OF DHULEEP SING.—The A.etandria
correspondent of the Times of India gives tha fol•
lowing account of the marriage of Dhuleep Sing, which
took place at the British Consulate, Alexandria, on the 7ih
June, in the presence of a very few witnesses :—" The
young lady who has now become Maharanees is the
daughter cf an European merchant here. Her mother is
an Abyssinian. She is between 15 and 16 years of age, of
a slight but graceful figure, intereszing rather than hand-
some, not tall, and in complexion lighter than her husband.
She is a Christian, and was educated in the American Pres•
bytarian. Mission School at Cairo; and it was during a
chance visit there, while on his way out to India, that the
prince first saw his future bride, who was engaged as in-
structress in the school. Dhuleep Sing wore at the wed-
ding European costume, excepting a red Tarboosh. The
bride's dress was also European, of white moire antique,
a fichu point d'Alengon— short lace sleeves, orange blossoms
in her dark hair, with, of course, the usual' gauze veil. -She
wore but a few jewels ; a necklace of fine pearls, and a
bracelet set with diamonds were her only ornaments. The
formula of civil marriage at her Britannic Majesty's son_
sulates in the Levant is very brief. Both parties declare
thatahey know no lawful impediment to their union; then
they declare that they mutually accept each other as hus-
band and wile, and the civil service is over. This formula
was pronounced by the prince in English; the bride, in a
low but musical voice, read it in Arabic (that being the
only language with which she is acquainted), and thus
" Baraba Muller" became the "Maharanee." She showed
ranch self-possession through it all A religious ceremony
was performed by one of the American ministers at the
house of the bride's father; and the newly-married pair re-
tired to the prince's house at Itanaleh, a few miles from
A:e7zandria. They will leava soon for England."
ii-tOYIL GALLERY OF ILLUSTRATION, —MR, AND
mRs, GERMAN REED'S ENTERTAINMENT.—The season is
drawing rapidly to a close, yet, notwithstanding, the exodus
from London among the better classes, the audiences con-
tinuo to ba both numerous and fashionable at this popular
placa of amusement. The combination of the " Pyramid"
in a condensed term, the interlude of "The Bard
and his Birthday," with its clever 6' Shahsperian
visions," and the new song of " The Ssa-side,"
Cr " gra. lioseleaf out of Town," in which the
company upon the beach at a fashionable watering place is
humorously depicted, form an entertainment so varied in
its features and excellent in itself, that it can hardly fail to
be attractive, even after a tong run of many months. The
gallery closes before the end of the month, but will very
soon re• open with a now Opera di Camera, of which great
things are reported,
At the general meeting to-day of theshareholders
of the Mediterranean Extension Telegraph Com-
pany, a dividend of 8 per cent. per annum on the
preference shares, and 4s. per share, equal to 4 pet
cent, per annum, 'on the original cgpital, was
unanimously agreed to,