The Sun.
London, England, 1863-01-15 00:00:00

THE BRITISH AND FOREIGN MARINE
INSURANCE COMPANY (Limited.)
Incorporated under the Companies Act, 1862, which specially
limits the liability of each Shareholder to the are ount of
bis Shares.
Capital, £1,000,000, in 50,000 Shares of £2O each.
With power to increase to £2,0;0,000.
First Issue, 25,000 Shares.
be mart, on Application, £1 per Share, and on Allotment.
Archibald Boyd, DirectorslßecTorts. of the Union Bank of
London
Francis C. Braun, of Blessig, Braun, and Co Liverpool.
Thomas Chilton, of Holderneas and Chilton, Pre-
sident of the Chamber of Commerce
Francis Anderson Clint, of Clint and Co., Chair-
man of the Shipowners' ssociaf ion Liverpool.
"las. B. Colchester, of Colchester and Woolner London.
William James Fernie, of Femie Brothers and
Co
Arniur Bower Forwood, of Leech, Harrison, and
Forwood Liverpool
Fend Beeman Gorg Heyworth, of Heyworth, Pearce,
Liverpool.
'Thomas Harrison, of Thomas Harrison and Co Liverpool.
Thomas Kendall, of Kendall Brothers Liverpool.
Edward Lawrence, of E. Lawrence and Co Liverpool
George Lyall, of Lyall, Still, and Co London.
Andrew Malcomson, of J. and D. 3! alcomson
and Co Liverpool.
Robert Maxwell, of A. F. and R. Maxwell Liverpool.
George H. Papayanni, of Panayanni Brothers Liverpool.
John Park, of Williams, Park, and Co Liverpool.
Chas. K. Prioleau, of Fraser, Trenholm, and Co Liverpool.
John Ravenscrof t, of W. and J. Ravenscrott and
Co., Chairman of the North and South Wales
Bank
James Searight, of James Searight and Co London.
Samuel Stitt. of Stlt: Brothers and C) Liverpool.
Thomas Wilkinson Tetley, ot Hollinshead, 'Tet-
ley, and Co.
Thomas Stenhouse, Director of the Chartered
Mercantile Bank of India, &C, London.
Henry Trelf all Wilson, of H. T. Wilson and
Chambers
Liverpool.
ITORS.
Messrs. Fletcher Hull, Liverpool.
Messrs. Flux and Argles, Mincing,-lane, London.
BOKERS.
London—Messrs. Laurenceß, Son, and Pearce, Auction Mart,
Liverpool—Messrs E.C.
Thomas ey and Sons.
-Messrs. G. and T. Irvine.
BANKERS.
The Union Bank of London, London.
The Union Bank of Liverpool, Liverpool.
TEMPORARY OFFICES OF THE COMPANY.
6, Cook-street, Liverpool.
39, Lothbury, London, E.C.
Notwithstanding that several new Marine Insurance Com-
panies have been established within the last few years, it is
generally recognised that the means of effecting marine in-
surances are not sufficient to meet the increasing expansion
of trade, insurers being now driven to effect their insurances
in remote towns in the provinces, in Ireland and Scotland,
and on the Continents of Europe and America.
The actual pric.; of shares in the existing. Marine Insur-
ance Companies demonstrate clearly that the business is
highly remunerative.
Of th new Companies one only has been established in
Liverpool. and it has already secured a very large and lucre-
sale business.
Mane tharf-liStrthixpOrts ; imports of the ngdom
Pass through the port of Liverpool, and there is no doubt,
therefore, that another Company having its Chief Offices in
London and Liverpool will meet with ample support.
Linder these circumstances tiLe British and Foreign Marine
Insurance Company has been established.
The business of the Company will be confined to the issu-
ing of policies on freight and goods only, and it is expressly
provided, as a fundamental element in the constitution of
this Company, that no insurance shall be effected on the ships
themselves.
The principle of limited liability, as applicable to insurance
companies, came into operation during the month of Novem-
ber last. The Directors, observing that in banking and other
iortant commercial enterprises limited liability has met
With universal favour, have adopted it as an unalterable
Principle in the present undertaking.
The Directors, therefore, express the greatest confidence in
the success of this C‘)mpany.
Such provision has been made by the Directors for the pre-
liminary expenses as will secure the Company against pay-
ing any promotion money.
A copy of the articles of association lies at the offices of
the Company for inspection.
The prospectus and forms of applications for shares maybe
obtained a the brokers of the company. Application for
shares to be addressed to the Directors ; but no application
will be considered unless a payment has been made to the
bankers of the Company of a per share, on the number of
shares applied for. This sum will be returned if no allot-
ment is made to the applicant.
FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
To the Directors of the British and Foreign Marine Insur-
Gentlernen
%being an ce Comrpaid any (Limited).
,Having our bof
a deposit of .C 1 perto s yhare on keys the sumshares
In the above Company. I hereby request that you will allot
nLae that number, and I agree to become a member of the
uompany in respect of such shares, or in respect of any less
number you may allot me, and to execute the Articles of As-
sociation, when required ; and I request that my name may
be placed on the Register of Members for the shares so al-
lotted.

Name in full
Residence
Profession or Business
Date

THE BRITISH AND FOREIGN MARINE
INSU ' NCE CI)MPANY (Limited).
NOTICE IS HEREBY GIVEN, That no further APPLI-
CATIONS for SHARES in this undertaking will be received
after Three o'clock on MONDAY nest, the 19th inst.
By Order of the Board.
39, Lothbury, L ondon, E.C., and
0, Cook-street, Liverpool,
13th January, 1803.

THE BRITISH and AMERICAN EXCHANGE
BANKING CORPORATION (Limited).
Established under the Companies Act, 1862, with Limited
Liability.
Capital, £1,000,000 sterling, in 20,000 Shares of £5O each.
First Issue 10,000 Shares.
It is not intended to call up more than 425 per Share.
;With power to the Shareholders to increase the Capital.
Deposit, £1 per Share on application, and £1 per Share on
allotment.
DIRECTORS.
Archibald Boyd, Esq., Director of the Union
Bank of London London.
William James Fernie, Esq., of the firm of
Ferule Brothers and Co.
James Gilchrist, Esq., of the firm of tillehrist,
Watt, and Co., of Sydney, Director ot the
Union Bank of London
Robert Gillespie, jun., .•
Esq of the firm of Gil-
lespies, Moffatt, and Co. London.
henry George Gordon, Esq , Chairman of the
Oriental Bank orporation London.
harold Littledale, Esq., of the firm of T. and
11. Littledale and Co
William M. Neill, Esq., of the firm of Neill
Brothers and Co. Manchester.
Thomas Rees, Esq„ of the firm of R. and T
Woodward and Co LiverpooL
William Rennie, Esq., of the firm of' Cavan, rpoo
Lubbock, and Co
Samuel Stitt, Esq., of the firm of Stitt Brothers
and Co
Liverpool.
BANKERS.
London—The Union Bank of London.
Liverpool—The Bank of England.
Manchester—The Bank of England.
India and China—The Oriental Bank Corporation.
SOLICITORS.
London—Messrs. Cotterill and Sons.
Liverpool—Messrs. Fletcher and Hull.
London— BROKERS.
Sheppards, Pelly, and Allcard, 98, Threadneedle-
Liver street ; J. and J. Whitehead, 8, Moorgate• street.
pool—Horsfall and Addison.
TEMPORARY OFFICES.
6, Newman's-court, Cornhill, London.
Middleton Buildings, Bumf erd- street, Liverpool.
The British and American Exchange Banking Corporation
Lintted; is formed tor the purpose chiefly of dealing tsr Ex-
changes, a business which, excepting with British posses-
sions, has hitherto been mainly in the hands of private firms;
and it is well known that with many countries such banking
facilities have not been afforded to merchants and others as
the vastly extended commerce of the resent day demans.
This is particularly the case in the trade between England
and America, and it is proposed that this Corporation shall
commence its operations by the establishment of an agency
in New York.
The profitable nature of exchange business is well known,
especially that with the American States, and although the
profit is at present greater than can be calculated upon in
ordinary years, there is generally a much larger margin than
Is usually found remunerative by bankers. The purchase and
sale on commission of securities in New York and London,
the dealings in which amount annually to many millions
sterling, and the remittances of interest and dividends, will
afford other sources of profit.
The practice now become very general of attaching bills of lading to bills of exchange as collateral security, renders ex-
change operations more than usually safe, whilst the ship-
rnent of gold involves scarcely any risk whatever.
The shipments of produce and specie from New York alone
for the past year have amounted to nearly forty millions
sterling, and the average of several years has not been
much less. There is thus a very extended field for the ope-
rations of the Corporation, and the facilities which it will
afford, both in this country and America, must tend to pro-
mote, and still further to extend, the commercial and mone-
tary transactions between the two countries.
The same remarks are applicable to other places in which
the establishment of agencies is contemplated.
large business is also anticipated betwixt America and
theA
ports in India and China, which will be carried out in co-
operation with the Oriental Bank Corporation.
The success of Joint-stock Banks dealing in Exchange is
devidenced by the present quotations of the shares of the un-
ermentioned companies ; and it is somewhat remarkable
thejoint-stock principle has not yet been adopted in the
American trade, though presenting a wider field for its profit-
able operation than any other part of' the world.
Paid-up Present Prices.
Bank of Australasia 4O
New South Wales 2O ....
.... 4969 to 71
51
Union of Australia
London Chartered of Australia
Oriental
25 .... 54 „ 55
Agra and United Service
Mmisnnatile Bank of India,London, and
.Ottoman
34 „ 35 .... 41 „ 53
C010nia1........... . .
"••••••• ••
0 25 41 „ 43
The Corporation will have offices both in. London and
LiverpooL
The Corporation is formed under " The Companies' Act,
1862," whereby the liability, of the shareholders is strictly
limited to the amount of their respective shares.
No promotion money will be given for originating the un-
dertaking, and the preliminary expenses will be strictly con-
fined to such as are indispensabl
Applications for shares may be addressed in the annexed
form to the Directors, or to the Brokers of the Corporation,
and copies of the prospectus may beotbhteaLinoendduopon
an na uLerpilvica:
tion to them, or to the Solicitors, or at
pool Offices of the Corporation.
HrsA. um.
No. Form or APPLICATION FOR tn
Bankers.
To be retained by the
To the Directors of the British and American
.3
Gentlemen,—Having the
_Bllanakviinngg Corporationpaidto your( L i
bankersmit ).
being a deposit of £1 per share on
in the above Corporation, I hereby request that
allot me that number, and I agree to become a membfearnoytitehses
Corporation in respect of such shares, or in respect 0
ease.
ossuuhnlawr es
number you may allot me, and to execute the articles of
may
be
asso-
ciation when required ; and I request that my name
placed on the register of members for the shares so allotted.
Name in full
.
Residence ...
• Profession or business
Date

THE BRITISH AND AMERICAN
EXCHANGE BANKING CORPORATION
(Limited).
NOTICE IS HEREBY GIVEN, That no further APPLI-
CATIONS for SHARES will be received after SATURDAY
nett, the 17th inst.

By Order of the Board.
ROBERT SLATER, JUN., Secretary pro tem.
6, Newman's-court, Cornhill, London, RC., and Middleton-buildings, Liverpool,
14th January, 1863.

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