The Sun.
London, England, 1864-03-19 00:00:00

THE SUN, LONDON, SATURDAY EVENING, MARCH 19, 1864.

rra GENERAL CR r.DIT AND FINANCE COMPANY
OF LONDON (Limited,
INVITE SUBSCRIPTIONS FOR TUE
BRITISH COLUMBIA AND VANCOUVER
ISLAND INVESTMENT COMPANY (Limited).
Capital £500,000, with power to increase.
Firs' Issue, £!50,C00, in 10,000 shares of £25 each.
Deposit on appli:ation, £1 per share. Payment on allot-
ment, XI.
It is expected that no more than £5 per share will be re-
quired to be called up ; sub equent calls, if any, will not
exceed Li per share, and will not be made at legs inter-1,41s
than three months.

TRUSTEES.
JOTOIBe Smith, Esq. Henry Kingseote, Esq.
DIRECTORS.

James Anderson, Esq. (Messrs. Anderson, Thomson, and
Co.), Director of the Bank of British Columbia.
James Caird, Esq , M.P.
George Campbell, Esq. (Messrs. A. N. Dickson, and Co., Lon-
don ; and Dickson, Campbell, and Co„ Victoria, Vancouver
Island).
Joseph Fry, Esq. (Messrs. Trueman and Fry), Director of
the Canada Agency Association.
T. W. L. Mackean, Esq., Chairman of the Bank of British
Columbia,
Alexander Morrison, Esq, Director of the Bank of Otago.
Prideaux Selby. Esq., Director of the Vancouver Island Land
and Coal Mining Company.
BANKERS IN LONDON.
Messrs. Smith, Payne, and Smith.

BANKERS IN BRITISH COLUMBIA AND VANCOUVER
ISLAND.
The Bank of Brit'sh
SOLICITORS.
liessrs. Baxter, Rose, Norton, and Co.
AGENTS.
The General Credit and Finance Company of London
(Limited).
TEMPORARY OFFICES.
125, Gresham House, and at the Offices of the General Crodi
and Finance Company, 7, Lothbury.
SECRETARY (prO tem.)—Mr. George Stephens.
Thi,

ebmpany is established for the purpose of extending
to British Columbia and Vancouver Island principles of
bugtiess that have long since been adopted in other colonies
With very beneficial results both to the English capitalist
and the local property holder.
The Company will raise moneys on debentures on its own
credit, on terms prevalent in this market, and will apply the
moneys so obtained to mortgage of real estate or other secu-
rities of a substantial and productive character in the two
colonies, at the much higher rates procurable there. When
it is mentioned that in British Columbia and Vancouver
Island fr m 12 to 16 per cent. per annum is regarded as a
favourable rate of interest at which to b rrow money on un-
exceptionable securities, it wil at once be seen how consider-
able is the margin of profit that will arise to the Company
under thi • head.
Tiie acquirement of property by purchase, to a limited ex-
tent, whether from the Government direct or fro n private
owners, will also, in cases pre ,enting the prospect of advan-
tageous and early resale, have attention from the Company—
it is considered that the Government of the two colonies may
be induced, in consideration of the encouragement which the
Company will have the opportunity of offering to immigra-
tion, to accord grants of land to the Company under regulated
cowl tions of settlement.

The Company will also set as Agents in all matters of In-
vestment and Finance as between the home capitalist nd
the colonial property holder.
The Company's business in the colonies will be conducted
by special.y selected managers. The s curit es selected will
be subjected to the strictest examination both as to title and
value.

The debenture holder, under this course of business, will
not only have the security of the subscribed capital, but also
the entire assets of the Company.
The prospects of the shareholders are best exemplified by
the large returns on capital obtained by the shareholders of
similar institutions.

The Company has taken powers which will enable it to
effect an union with any other Company having kindred ob-
jects in any ot the dri ish North American colonies.
The Board of the Companyconsists of gent'emen who have
either applied the same principles of business to other colo-
nies, cr who, from their connection with the North American
possessions, will be regarded as authorities upon the subject
of Colonial securities.

As fields for investment British Columbia and Vancouver
Island may be said to be unsurpassed in advantages. The
rise and progress of these colonies have been most rapid ; the
imports into the port of Victoria (Vancouver island) alone
during the six montns ending June, 1863, were 1,866,513
dole., being an excess over those of the first half of the pre-
vious year of upwaras of 160, 0 dols. The value of property
in Vancouver Island has more than doubled during the last
three years. The agricultural capacity of British Columbia
is now also fast attracting attention.
The Memorandum and Articles of Association can be In-
spected at the Offices of the Solicitors. lessrs. Baxter, Rose,
Norton, and Co., 6, Victoria-street, Westminster, or at the
Temporary Offices of the Company.

SEVEN PER CENT. BOLIVIAN GOVERN-
MENT LOAN, for £1,000,000 sterling.
To be issued in bonds of 4100, £2OO, and £5OO each, at 88
per cent.

The bonds will bear interest at 7 per cent, per annum,
payable half-yearly at the London and County Bank.
The loan will be redeemed in 25 years by an accumulating
sinking fund, commencing at 2 per cent. on 15th Marc!),
1866.
The bonds will be drawn by lot yearly, and paid off at par.
Issued through the agency of the London and County

tjThURNI ! URE, CARPETS, BEDDING, and
FLOORCLOTH, CARRIAGE-FREE to any house in
the kingdom, regardless of amount or distance. Flrst-class
goods at second-class prices. Terms peculiarly liberal to
Clergymen and Gentlemen. An immense stock to select
rom, displayed in Showrcoms occupying an acre of ground.
Every article warranted.
CLrlh GYMEN and GENTLEMEN ABOUT TO FUR-
NISH are respectfully informed that Messrs. Cobbett and
arc publishing an entirely New Edition of their un-
equalled HOUSE FURNISHING GUIDE, illustrated
ado able engravings of every description of Furniture and
.easteads, with prices attached. A copy sent gi atis and
post-free on application. This costly work also contains
complete estimates for furnishing on the following revised
Gale:—

A Six-roomed Parsonage
An Eight-roomed ditto
A Ten-ro nned ditto
A Twelve-roomed ditto

i'ogether with a ?rice List of purified Bedding, and a mass
of valuable informationto all requiring hnuseh 31d furniture,
carpets, or bedding. References kindly permitted to Clergy-
men and gentlemen in or near Great Malvern, Southampton,
Chichester, Bury, Ely, Preston, Grimsby, Ryde, Plymouth,
Wells, Oxford, Brighton, Gainsborough, Margate. Kidder-
minster, Wellington, Croydon. Cambridge. Staines, Dorking,
St. Alban's, Worcester, Ipswich, Peterborough, St. David's,
Wrexham, and above 500 other places in all parts of Great
Brita:L.

COB BETT and CO., General House Furnishers, Deptford.
bridge, London, S.E,

THlEneoCrploTraYtedOPFdelrC4She CCOomMpaPnAtesNAYetTsitimvi,ted).
The MERCANTILE CREDIT ASSOCIATION, Limited,
in conjunction with the CREDIT FONCIER, Limited, are
prepared to RECEIVE SUBSCRIPTIONS for the CAPI-
TAL of the CITY OFFICES COMPANY, Limited.
Capital £1,000,000, in 20,000 Shares of £5O each.
Deposit on Application £1 per Share, and £1 on Allotment.
Calls not to exceed £5 per Share, and at intervals of not less
than three months.
No Call to be made until after the expiration of Three
Months from the date of Allotment.
It is not intended to call up more than £2O per Share ; but
when it is found that more -hare Capital can be advanta-
geously employed, power will be taken to increase the Capi-
tal, a preference b.ing given to the then existing Share-
holders.
DIRECTORS.
H. F. L. Astley, Esq., (Messrs. Astley and Co.), Nicholas-
lane.
Thomas Dakin, Esq. (Alderman\ Abohurch-lane.
Charles Ellis, Esq., Lloyds,
James Levick, Esq., K ng's Arms-yard.
Edward Masterman, Esq. (Messrs. Masterman, Peers, and
Co. , London.
Edward Warner, Esq., 1.P.&
F. G. Westmorland, Esq. ( Messrs. Joyce and Co.), London.
The Right Hon. James Stuart Wortley.
BANIiERS,
Messrs. Masterman, Peter, and Co., London.
SOLICITORS.
Messrs. Edwards and Co., Westminster.
Messrs. Newbon, Evans, and Co., 2S, Nicholas-lane.
Messrs. Hughes, Masterman, and Hughes, Bucklersbury.
Bnottus.
Messrs. Laurence, Son, and Pi arm. Bartholomew-lane, E.C.
Messrs. Robins and Barber, Threadneedle-strLet.
AUDITORS.
S. Lowell Price, Esq., Puoli3 Accoantant, 5, Gresham-street.
Frederick Maynard, Rog, Public Accountant, 19, Bread-
street,

SECRETARY.
G. W Benwell, Esq.
TEMPORARY OFFICES.
The Offices of the Mercantile Credit Association, Limited,2
Threadneedle-street.

Of all securities or property that can come wider the deno-
mination of "first-class," both or stability as well as ‘n-
creasing in value year by year, none can at all compare w th
Freehold or long Lease.ioid city of Lowfon P. operty, espe-
cially that portion s tuated within a radius of 1,000 yards of
the Bank of England ; this fact is so well known that the
greatest competition is excited when any property of this de-
sziption s oil• red in the market, and e es the rise
value of sloth property has been d'.r ng the last few years, it
is admitted by all -onversant with the subject that a still
greater increase must continue to take place, from toe •m-
-possibility of supplyin the suitable onamodation re-
quired by joint-stock companies and commercial and profes-
sional firms

The C ty Offices Company, Limited, 'have aereed for the
purchase of the undermentioned sites of land, with the build-
ings thereon ; H hich, for eligibility of situation and size of
each block, are such as can rarely be acquired—as the follow-
ing enumerat,. n will amply p ove ; they are in Rye blo ks,
viz.: —A, B, C, D, and E.
Block A consists of the Freehold Premises, 25, 25A, 26, 27,
in Clement's-lane, Lombard-street, with No. 9, 10, and 11, in
Nag'. Head-court, and 3,4, and 5, Church-court, the whole
forming a magnificent block of premises, with lights, and
entrances on three sides, and extending back t Gracechurzh-
street ; it has 63 feet f, ontage and 150 depth, and contains
9,900 square superficial feet, and is the largest block so
near Lombard-street that has been in the market tor some
years.
_ _

J3lock 13 const,ts of the well-known Lea ehold blo2k of
New Offices, situated 2fo, Leadenhal -street, near .y op-
posite the Peninsular and Ori. n. a. 'Company's Offize, and
extending back to Lime-street-square ; it has been erected
with.n the ast three years, from the designs of John Which-
cord, E iq., and contains 120 firs -class 0111:es, with Four
Shops, the who e let to first-class Merchants and others ;
it ha, fire-proof corrid:Ts and stone st ircases, nni possesses
the most modern improvements, including Telegraph Sta-
tion, Buffet, &c., in the building. The lease is for 9* ye .rs, at a
ground-rent of £7OO per annum; it has a frontage of 60 het,
and 170 feet in depth, and contains 12,0;0 squire superficial
feet.

Bock C consists of the handsome ed:fices erected within
the last seven years, from d .sins by John B .rnett, Esq.,
archit et, for Mcssrs. John Sarl and Sons, ei versniiths, and
iatuated 17 ant 18, Cornlii 1, directy opposi e the Bank cf
Eng and, and alike for e'eg,an,e of building as well as Atua-
Von erhips the most desirab:e in the City. With a very
trifling outlay thcs ',in accord ..nce wit,' the plans and designs
originally mace, will be cpnverted in about three w, eta into
Offices, and two-thuds of the building has a ready been let,
the ground floor and mez nine floor bring rented by the
Credit Mobilier and Credit Fonder Companies. These Pre-
mises are Leasehold for 6) years, at a ground-rent of £6OO
per annum. _

Bloc.t D consists of the new and substantial block of
Offices, erected within the last three years, and are built m
the most übstan'ia, manner. It contains fifty-five offices, be-
sides vaults, the whole, excepting four, being let, and offers
being made for these. It is Freeho d, has a frontage of 52
feet and depth of 89feet, and contains 4,160 superficial square
feet, and is alluded a. 6', Great Tower-street, near 3lara,
lane.

Block E is the largest block in the City; it is situated in
Bishopsgate-street, opposite St. Helen's-place, with a
thorou_.hfare to be got through to Old Broad-street, and in
the centre of the block adjoins Gresham House; it contains
25,C00 square feet. It may be convenient to give an idea of
the size of this fine site of land, to say that it is more than
four limes the size of the Auction Mart, lately sold, and when
covered will be among the largest and most conveniently ar-
ranged Offices in the City. This plot is Leasehold for 99
years, at a ground rent of £4,000 per annum.
The price at which the City Offices Company (Limited) has
agreed for the purchase of the whole of the before enume-
ratedfive blocks is £065,000, including all buildings thereon;
this price gives, after adding thereto the cost of purchasing
the freehold f the whole of the leasehold portions, and de-
ducting the value of the new buildings thereon, an average
price of only £9 per square foot, which, compared with the
prices paid for the three last properties within six weeks,
gives the following results, viz. :
Tho Auction Mart (Freehold), containing an area of about
5,800 square foot, coat £115,25 , which gives an average of £2O
per foot
The Leasehold Premises, No. 80, Lombard street, occupied
by the Colonial Insurance Company, containing only 1,080
feet, sold to a well-known Banker for £30,000, subject to a
ground-rent of £5OO per annum, for 61 years, which, allow-
ing as in former calculations for purchase of freehold, and
-
deducting- the value of new buildings thereon, gives £37 per
square foot.
The Leasehold Premises in Finch-lane, lately occupied by
the London and Middlesex Bank, containing only 6-so feet,
realised .£10,(), 0, and this subject to a ground-rent of £5
per annum, which, allow ng 'or purchase of freehold, and
deducting value of new building, gives about £3O per square
root.
It will be seen, therefore, that if large profits can be rea-
lised, as they undoubtedly can be, on land costing £4O, ,
and £37 per foot respectively, the prospects and probable
profits of those acquired by this Company, costing only £9
per foot, will be evident at first sight ; if they were re-sold
at even the lowest of these three quotations, it would leave
the City Offices Company (Limited) a very large profit on the
cost.
The Company's plan of operations will consist in adapting
such of these premises as may be suitable, and erecting new
buildings on the remainder, the whole to be let off as Offices
suitable for Banks, large Companies. or Commercial and
i'rofessional Firms ; and from calculations made, based upon
moderate rentals, a return of from t 5 to 20 per cent. on the
outlay may be fairly relied on. The Company will also from
time to time acquire other properties, as the opportunities
present themselves, Lr the purpose of re-sale or otherwise.
By the issue of Debentu. es or otherwise, the paid-up Share
Capital will be kept at the lowest possible point.
It is believed that as an essentially Home Investment, one
so secure, and at the same time so remunerative, is rarely
brought to the notice ot the public, being wholly free from.
the speculative character incidental to many joint-stock en-
terprises ; the model on which the business operations will
be conducted will be that of Gresham House Chambers, in
Old Broad-street, City Bank Chambers, Threadneedle-street.
and County Chambers, Lombard-street, the success of which
is well known, the only difference being, that whilst those
properties are in the hands of a few capitalists, the proper-
ties acquired by this Company will be distributed over a iarge
ftsbohfSutil: e
deposit will
body of Shareholders, which will thus put investors of mode-
rate means in the same position to reap the advantages of
large returns on City property, which the magnitude of the
ve
amry wealthyrequired has hitherto made it impossible to any out
a rlebsesnnumber
ug (Limited)
made,
iaemdr ie
ot, d
tf
he
;the
Shares-
bee d e
In the a'lot nent of Shares, a propotrhtleoneNnveilrlalbpeurbeisieor.ved
for applicants who are Shareholders in the Mercantile Credit
Association (Limited),
and the Creditda Fondere,
positremainder
lan allotted
twilli the edvb will
than
returnedl
at l
no bef
aren distributed saatlpr
npobtllfumu
let
applied
allotment among
r.
available towards the payment due on allotment, and the
balance, if any, returned to the applicant.
Prospectuses and Forms of Application for Shares in the
form annexed may be obtained at the Temporary Offices of
the Company, at the Off :.ea of the Mercantile Credit Asso-
ciation (Limited), 21, Threadneedle-street ; and the Credit
Foncier (Limited), 80, Lombard-street ; also of the Bankers,
Brokers, Solicitors, and Secretary.

THE CITY OFFICES COMPANY (Limited).
FORM OF APPLICATION FOR. SHARES.
To be retained by the Bankers.

To the Directors of the CitysOhaffirceessinCotimlepaabnoyv(eLcimomitpeda)n.y,
Gentl men,—Elavingpaid io your Bankers, Slessr . Master-
man, Peters, and Co., the sum a , being a Deposit
of £1 per Share on
I hereby request that you will a,lot me tha number, and
I agree to accept such Shares, or any less number you may
allot to me ; and I agree to pay the deposit on allotment, and
to sign the Articles of Association of the Company when re-
quired, ant I authorise you to insert my name on the Regis-
ter of Members for Ur) number of Shares allotted to me.
Usual Signature ...... .......
Name in fu11... ........ .......
Residence
Profession ....... ..........
...
Date .. March, 1861

TRE CITY OFFICES COMPANY (Limited).
NOTICE IS HEREBY GIVEN, That the List of
Applications for Shares in this Company will be CLOSED
at Four o'clock on MONDAY next, the 21st instant, for Lon-
don, and TUESDAY, the 22d, for country applications.
By order of the Board.
G. W. BENWELL, Secretary,
London, 21, Threadneedle-street,
Ilth March, 186 f.

liAYE'S WORSDELL'S PILLS.--These Pills
are a purely vef,etable preparation, and may be taken
t any time by either sex wit,lout fear or danger. They act
upon the bowels mildly yet effectually, and by their floe tonic,
aromatic, and aperient properties, they remo ye all oppressive
accumulations, regulate the secretions of the liver and bowels,
strengthen the stomach, and purify the blood. Unlike many
remedies, they do not induce liability to take cold or esta-
blish a necessity for the habitual use of purgatives, and are
thus strongly recommended as the BEST FAMILY
MEDICINE.
Prepared solely by John Kaye, Esq., of Prospect Hall,
Woodford, Essex. Sold by all chemists and other dealers in
patent medicines, at is ild, 2s 9d, and 15 M. Wholesale
Depot, 42, Bread-street London, • - -

WAFT R
HERE CAN WE MEET AF THE
PANTOMIMES ? My dear Fellow, Gentlemen sup
at E VANS', Covent-garden.

liINAHAN'S LL WHISKY v. COGNAC.,
BRANDY.
This celebrated Old IRISH WHISKY rivals the finest
FRENCH BRANDY,
It i 1 Pure, Mild, Mellow, Delicious, and very Wholesome.
Sold in Bottles, 3s. Bd., at the Retail Houses in London ; by
the Agents in the principal towns in England ; or wholesale
at

8, GREAT WINDMILL-STREET, W.
Observe the Red Seal, Pink Label, and Cork branded
"Kinahan's LL Whisky."

TEN PER CENT. MORTGAGE BONDS.-
STRAND MUSIC HALL COMPANY (Limited)
BONDS of £5O each, are now ready for issue. constituting. a
First Charge upon the Property of the Company, repayable
in Three Years, and bearing Interest at £lO per Cent. per
Annum, payable hall-yearly.
Apply at the Offices of the Company, 315, Strand, W.C.
or to Mr. G. T. Taylor, Stook and Share Broker, 11, Token-
house-yard, E.C.

By Order of the Board,
FREDERIC LAIVRANCE, Secy.

STRAND MUSIC HALL COMPANY
NOTICE IS HEREBY(Limite GIVEd)N, That NO APPLICA-
TIONS for the MORTGAGE BONDS will be entertained
after WI DNESDAY next, the 23d inst., for London, and
THURSDAY, the 24th Inst., for the country.
By order of the Board.
FREDERICK LAWRANCE, Secretary.

THE GAS LIGHT AND COKE COMPANY.
Office, Horseferry-road, Westminster,
18th March, 1864.
NOTICE IS HEREBY GIVEN, That an
Auditorship in this Company has become vacant by
the decease of William Hopwood, Esq.

- -
Notice is hereby[also given, that, by the Bth Bye Law of
the Company, it is ordained and appointed that every Candi-
date for becoming an Auditor shall give notice thereof, in
writing, to the Secretary of the Company, at least fourteen
days before election.

Notice is hereby further given, that a Special GENERAL
COURT of the Proprietors of this Company will be held at
the Company's Gas Works, Horseferry-road, Westminster,
on TUESDAY, the 19th day of April next, for the Election
of an Auditor in the place of the said William Hopwood,
Esq.

The Chair will be taken at Twelve o'clock precisely ; and,
should a Ballot be required, it will continue open for four
#oUrs from its commencement.
By order of the Court of Directors.
JOHN ORWELL PHILLIPS, Secretary.

THE NATIONAL PROVINCIAL MARINE
INSURANCE COMPANY (Limited.
To be ineorpora ed under the Companies Act, 1862, wh'eli
limits the Liability of Shareholders to the amount of their
Shares.
Capital £1.010,000, in 40,000 Shires of 425 etch.
First Issue, 20,000 Share

£1 per Share to beitid on application, and £llOB. per Share
on at otment.

It is not contemplated that more than £5 per Share
132 tilled up.

DIRECTORFI.

Harrison Watson, Esq. (Messrs. J. R. Thomson and Co.),
Ch ii• man of the Cape Town and Dock Railway Company.
Rober W. R•+rc ay, Esq. (Messrs. Turck, Barclay, and Co.!,
(;reshm Hnuse.
Abel Chapman, Esq., Old Broad-street, Director of Marine
Investment Company.
H. A. coffey, Esq„ Director of Marine Investment
Company.
E. De Pass Esq., Merchant, 9, Fenchurcb-street.
John Downes, Esq. (Messrs. Downes and Soott), Upper
Thames-street
Charles F. Ellis, Esq. (Messrs. Henry Ellis and Son), 17,
Graeechurch- s t re et.
G. Gilbert, Esq. (Messrs. Gilbert, Kerr, and Co.), 3, Abchurch-
lane.
Cornelius Grinnell, Esq. (Messrs. Grinnell, Tinker, and Mor-
ton , 7, Leadonhall-street.
A, Jarvis, Esq., Merchant, Director, Standard Bank, South
Africa.
Robt. E. Shaw, Esq. (Messrs. Shaw, Savill, and Co.', 34,
Leadenhag-street.
M. E. Mavrotrordato, Esq., 5, Copthall-court, and Lloyd's.
(With power to add to their number,)
BANKERS. _ -

Messrs. Barclay, Bevan, Tritton, Twelle, and Co., London.
SOLICITORS.
Messrs. Sewell, Sewell, and Edwards.
BROK E RS.

London—Sir R. W. Carden-aaci—Sons, Royal Exchange-
buildings.
Liverpool—Robert Byrne, Esq., Royal Bank buildings.
Manchester —Cnarles P. Allen, Esq., India-buildin2 s.
Newcastle-on-Tyne—J. S. Chailoner, Esq., Dean-street,
rristal —Henry T. Chamberlain, Esq.
Hull—Messrs. Wilkinson and Ingleby, Exchange-bui dings.
Leeds—Messrs. Ridsdafe and Wailes, Park-row.
SECRETARY (pro term) -Mr. W. Distant.
AUDITORS—Messrs. Cash and Co., Tokelhouse-yard.
Temporary Offices-4, Clement's-lane, City.
Prospectuses and forms of application may be obtained
from the Brokers, the Solicitors, or Secretary pro tem., at the
temporary ofilces of the Company.

EMPOWERED BY SPECIAL ACTS OF PARLIAMENT,
24, 25, 26. and 27 VIC P.
BONELLPS ELEC TRIO TELEGRAPH
COMPANY, Limited.
Registered under the Joint-Stock Companies Act, by which
the liability of each Shareholder is strictly limited to the
amount of his shares.
Capital, £210,000 (of which £25,000 forms the original Capital
of the Company).
Present Issue, £225,000, in 2100 shares of £lO each.
Deposit £1 per Share on Application. and £1 on Allotment.
Calls of .£2 each, at intervals of not less than Two Months.
DIRECTORS.
CHAIRMAN. —The Right Llon. the Earl of SHREWSBURY
and TALBOT.
DEPUTY-CHAIRMAN.—The Right Hon. Lord OTHO
FI TZGERA LD, 8, Carlton-gardens.
Erskine Beveridge, Esq., St. Leonard's Works, and Priory
House, Dunfermline.
John Alfred Chowne, Esq., Director of the Imperial Bank,
153, Westbourne -terrace.
Henry Cook, gsq., Director of the Tamar, Kit Hill, and Cal-
lington Railway Company.
Albert Cooper, Esq., Manchester.
Frederick Elin, Esq. (John Elia and Co., Merchants, Ab-
church-lane).
Edmund Grundy, Esq. (Edmund Grundy and Son, late J. and
E. Grundy), Manchester and Bury.
William Hamilton, Jun., Esq. (David Hamilton and Co.),
Manchester and Glasgow.
Charles Stewart, Esq. (Messrs. Robert Barbour and Brother),
Manchester.
James Thomson, Esq., Chairman of the Madras Irrigation
and Canal Company, and Director of the Agra and United
Service Bank.
Cbarles Trueman Esq. (Messrs. Trueman and Fry), Gresham
House.
William Harding Tyler, Esq., Director of the Agra and
United Service Bank.
CONSULTING ELECTRICAL ENGINEER.
The Chevalier Gaßano Bonen!.
BANKERS.
London—The Agra and United Service Bank.
Manchester--Manche :ter and Sa'ford Bank.
SOLICITORS.
Henry C Eliot, Esq., 5, Sherborne- ane, London, E.C. •
Messrs. Earl, Son, Hoppe, and Orford, 6, Bond-st., Manchester.
RROKERS.
London—Messrs. Johnson, Longden, and Co„ 22, Token-
house-yard.
Liverpool—Messrs. Taunton and (70.
Manchester—Messrs. Warner and Co.
AUDITORS.
Messrs. Coleman, Turquand, Youngs, and Co., 16, Token.
house-yard.

SECRETARY (PRO TEM.)
James Gutteres, Esq.
OFFICES.
7, Ange' -court, City.
2A, Victorla-street, Illanehester.
2, Dale-street, Liverpool.

ABRIDGED PROSPECTUS.

The Directors of Bonelll's Electric Telegraph Company
(Limited), having established a line of telegraphic communi-
cation between Manchester and Liverpool, the workng of
which has proved even beyond expectation, bath practic
and commercially, the unrivaled excellent of
system, propose to extend their operations throughout the
United Kingdom. With this view it has been determined to
issue new shares, raising the capital of the Company from its
present amount of £25,000 to £250,000.1n order to enable the
Company to carry out the highly advantageous arrangement
already settled with the patentees for the acquisition of the
entire patent right for the United Kingdom, as well as to
meet all the remaining expenditure necessary to establish
the operations of the Company on the proposed enlarged
footing.
It is confidently expected that by thus extending to all the
important districts of England the signal advantages, prac-
tical and economical, possessed over every other system of
telegraphy in use by the Typo-Electric Telegraphy, and
through the reduction of the tariff to a uniform rate of 6d. per
ordinary message of twenty words, placing the boon of tele-
graphic intercommunication within reach of the masses, new
and boundless sources of business, and consequently of profit
to the shareholders, will be created, while to all who already
use the Electrio Telegraph will be secured for the first time
that rapidity, correctness, and punctuality, which, from the
nature of the agent employed, the public had a right to ex-
pect, but which, until the Chevalier Bonelli's invention, has
never been practically attained.
1. Each message is printed by the very act of transmission,
in clear Roman characters, and as so transmitted is delivered
without further process, to the receiver, thus absolutely ex-
cluding all possibility of error from any source existing be-
tween the sender and the receiver.
2. The extreme rapidity with which messages can be trans-
mitted allows these instruments to keep pace with the largest
amount of business within the experience of existing estab-
lishments, and places them beyond all likelihood of being
overtaxed, even by the increased pressure of work that must
inevitably ensue from a uniform sixpenny rate for the ordi-
nary message. This rapidity and certainty of working ap-
plied to journalism must produce results even more marked,
and it has been proved by practice that a speech which by the
ordinary instruments occupied six and a half hours in trans-
mission, could with an equivalent staff be printed off by the
Bonelli Telegraph, in the space of one hour and a half. No
less emphatically, does the instrument recommend itself to
members of the Stock Exchange, to whom it ensures that
absolute accuracy, united with exemption from delay in com-
municating with their correspondents, which cannot be inva-
riably counted on under existing systems.
3. The automatic nature and simple working of the Bonelli
instrument renders it independent of specially trained, and
therefore highly paid manipulators.
4. The necessity to which all other telegraphic establish-
ments are exposed of increasing the staff of operators in pro-
portion with the augmentation of business, does not exist
whereßonelli's instruments are employed; and, consequently,
all increase of business must prove almost absolutely clear
profit.
A system to which the above capabilities can be attributed
without an approach to exaggeration, and which, therefore,
profitably to its promoters, places Telegraphy in direct rela-
tion with the requirements, actual and prospective, of mo-
dern society, cannot when once established on a commensu-
rate footing, and tested by the public, fail to supersede all
less perfect means of Telegraphic communication, as com-
pletely and universally as steam and the rail have superseded
the stage and the post road.
From c lculations based on actual experience, and scrupu-
lously limited on the side of probable business, it has been
deduced that a most satisfactory resuit may be at once relied
on, and which is eventually destined to be largely exceeded.
The director?, moreover, are already in a position to state
from negotiations that have been commenced with every
probability of being brought to a successful issue, that there
is a reliable prospect of establishing, within a very limited
period, sources of revenue to the Company totally indepen-
dent of profits from ordinary public business, and sufficient
Lf themselves to produce a satisfactory dividend.
Prospectuses and f onus may be obtaned from the Bankers,
Brokers, Solicitors or Secretary, at the Offices of the Com-
pany. Each application must be accompanied with a deposit
of .E 1 per share, which will be returned without deduction if
no shares are allotted.

From the date of issue until the final closing of the lists
the Bonelli instruments may be seen in operaticea daily from
Twelve to our, at 7, Ailgel court.

THE WARRANT BANKING COMPANY
(Limited.)
(FOR ADVANCES ON MERCHANDISE AND SECURITIES.)
Incorporated under the Companies' Act, 1862.
Capital £2,090,000, in 40,000 shares of £59 each.
F.rst Issue, 20,000 shares.
Deposit £1 per share on application, and XI per share on
allotment. Future calls will not exceed £5 per share, at
intervals of three months.
DIRECTORS.
Joseph Bravo, Esq., of J. Bravo and Co., London.
Archibald Bruce, Esq , of the late firm of Bruce and Co.,
Abchurch-lane, London.
W. J. R. Cotton, Esq., of Culverwell, Broo' s, and Cotton,
London.
A. D. De Pass, Esq., of De PASS and Sons, London.
Abel Heywood. Esq., ex-Mayor of Manchester, Director of
the Alliance Bank, Manchester.
George Harvey Jay, Esq., Tokenhouse-yard, late of the firm
of Quilter, Ball, and Jay, London.
Thomas Jolly, Esq., of Thom is Jolly and Co, Manchester.
William M'Andrew, Esq., of William M•Andrew and Sons,
London.
IL R. Marriott, Esq., of Henry Marriot F and Co., Manchester.
William M. Neill, Esq., of Neill Brothers and Co., London
and Manchester.
George Palmer Robinson, Esq, Director of the Alliance
Bank, London.
Albert R cardo, Esq., of A. and W. Ricardo, London.
William Rawstron, Esq., of Ralph Rawstron, MAnchester.
RANKERS,
London, Liverpool, and Manchester—The Alliance Bank.
SOLICITORS.
London—Messrs. Fy3on, Tathams, Carling, and Walls, Fre-
derick'• -place, Old Jewry.
„ Messrs. Flux and Andes, Mincing-lane.
Liverpool —Messrs. Fletcher, Hull, and Stone.
Manchester—Messrs. Sale, Worthington, Shipman, and
Seddon.

TIROICERg.
London—Meeers. J. and J. Whitehead, Mo-rgate-street.
Liverpool—Messrs. Gasquoine and Chamberlain.
Manohester—Messrs. Shore and Kirk.

TEMPORARY OFFICER.
21, Throgmorton-street, London.

PROSPECTUS.

While Exchange Banli;an7ldreditlnstitulions have been
established to connect this country financially with almost
every foreign market, and to give fact Pies for conveying to
our shores every desert, tion of merchandi e, it is remarkable
that as soon as the operation of importing is performed the
monetary facilities are withdrawn. The bills drawn upon
our merchants mature, and must either be -net by the mer-
chant's capital unaided. or by sales. Thug, when tempo-
rarl'y there is an excess of any commodity imported, its
price is undu y depv.sed, and s riou • losses are incurre
Ordinary bankers and discount houses dislike making ad-
vances upon merchandise, having no organisation for exa-
mining the goods and correct y estimating their value.
What they want are good bills, drawn on those who, know-
ing the value, have accepted for a fair advance. Division of
labour is here as elsewhere found to be most convenient and
profitable.
To meet this want, which every merchant must acknow-
ledge, the Warrant Banking Company is formed. The bit•i-
ness of the Company will mainly consist in making dv nces
upon deposit of the staple articles of produce, represented by
dock warrants or other means of absolute assignment, duly
inspected and valued on behalf of the Company, and with a
proper margin to allow for depreciation.
These advances will be made in a-ceptances by the Com-
p .ny of the drafts of its customers, and as every bill will re-
oresont mer handise readily convert.ble, and b at the same
_ _

time secured by the whole ca ital of a powerful Company, the
exact position of which will be patent to all, there can be no
doubt that the whore Die ount Market will be availablewhen
it is desired by th .3 holder to turn the bill into cash.
It will be readily apparent that the existence of such an
institution, while it will be of great service to merchants, and
increase the stability of the entire class, will be an equal con-
venience to bank ers and discount firms, f urnishing them with
a class of bills rarely obtainable. In order to render the due
payment of the Company's acceptances certain, the Directors
undertake that the entire paid-up capital of the Company
Will be invested, and, solar as practicable, remain invested in
British and East Indian Government securities, aid upon
deposit at call, and it is proposed that the capital thus paid
up and invested within the first year shall reach the sum of
at least £200,000.
The field which exists for such an undertaking will be at
once apparent from a glance at the Board of Trade returns of
foreign imports for the past year, which amounted (not to
speak of home produce) to over £200,000,000. If we estimate
the average stock of foreign goods 'held in warehouse, as
equal to three months' consumption, it would represent an
amount of £50,000,000.
Advances may also be made when deemed advisable upon
Stocks and Shares, in permanent undertakings readily con-
vertible. _ _ _ _

A relsonable proportion will always be maintained be-
tween the extent of business undertaken and the caPed-up
capital. Should it be necessary, the latter will be increased
to one million sterling, to be invested as already indicated,
simply as a guarantee fund.
Branches will, in due time, be established at Liverpool,
Manchester, Glasgow, &c. Jrc.
The Directors will not receive any remuneration until the
shareholders have been paid £5 per cent. by way of dividend
on their paid-up capitaL Atter payment of 5 per cent, the
Directors will receive one-fifth of the nett profits.
No promotion money will be paid for originating this un-
dertaking.. The preliminary expenses will be confined to the
necessary disbursements.
Prospectuses end forms of application for shares may be
obtained of the brokers, bankers, solicitors, and at the tem-
porary offices of the Company, but no application for shares
will be considered un'ess a deposit of £1 per share has been
pro/Jou-1y p +id to the bankers of the Compaaynnlent in excessy.
In the event of no a lotment being made the deposit will be
returned without deduction, and should the number allotted
be less than the number applied for, the p
will be applied towards the balance of the deposit.

FORII OF APPLICATION FOR SHARES.
To be retained by the Bankers.

No.—
To the Directors of the Warrant Banking Company
(Limited).
'Lid to your Bankers the sum of ,
itofag P
.Cvirper share on shares in the above
Company, I hereby request that you will allot me that num-
beGineant a Gentlemen.—Having
num-
ber, and 1 aLrree to become a member of the Company in re-
or in respect of any less number you may
and to pay on allotment the further deposit of £4
p-r share thereon, ant I reqest that my name may be placed
s;uch shares,
osani'°tel:imeofe Register of Member s for the at area so alloted.
Name iu full
Residence
Profession or business
Date •

THE WARRANT BANKING COMPANY

(Limited)
NOTICE IS HEREBY GIVEN, that no farther APPLI-
CATIONS for SHARES in this Company will be received
after MONDAY next, the 21st instant.

By Order.
Temporary Offices, 21, Throzmortori-efreet,
LOndeila, March 15, 1,'3G1.