The Sun.
London, England, 1864-05-14 00:00:00

SCOTTISH AND UNIVERSAL FINANCE
BANK.

To be incorporated under the Limited Liability Act.
Capital, £1,000,000, with power to increase to £5,000,000.
20,000 shares of £5O each. First issue, 10,000 shares. L 1 on

application, £4 on allotment, and £5 in three months.

It ie not intended to call up more than £25 per share. In
'the event of no allotment of shares being made, the deposit
'money will be returned in full. If more shares aro applied
for than are allotted, the surplus of the deposit money will
be applied to the payment due on allotment.
Prospectuses and forms of application for shares may be
obtained of the brokers, and at the offices of the company.
Home, foreign, and colonial contracts.
Head Offices, London and Glasgow, with branches in
Paris and New York.

More than half the capital being already subscribed for,
the list will remain open only a few days ; and, by a reso-
lution of the board, the whole of the remaining shares will
be allotted in strict order of application pro rata.
By the constitution of the association, the directors are
not to be paid for their services until the shareholders shall
have received 7 per cent. dividend out of the profits, thus
pledging their own remuneration on the success of the
company.

DIRECTORS.
William Cresskill, Esq. (William Cresskill and, sons,
agricultural implement manufacturers.)
Henry Frederick Downes, Esq. (Messrs. Townes and Sons,
bankers and army agents.)
George Grant, Esq., late Sub-treasurer to the Bombay
Government.
Cyrus Legg, Esq., Director of Mercantile Union Insurance
Company.
A. Rosselli, Esq. (Messrs. Rosselli Brothers), merchant,
Rood-lane.
Angelo Usiglio' Esq., merchant, Great Tower-street.
Charles Wells, Esq., shipowner, Director of London and
Provincial Marine Insurance Company.
Chalmers Izett Paton, Esq. (Hugh Paton, 9, Princes.
street, Edinburgh),
(With power to add to their number.)
BANKERS.
The Imperial Bank (Limited), Lothbury, London,
BROKERS.
Lowellin A. Crowley, Esq., 3, Copthall Chambers, London,
Messrs. Macullum and Sidey, Priuoisa-street, Edinburgh. J. Perry, Esq., Birmingham,
SOLICITORS.
Messrs. 'Mayhew, 26, Carey-street, Lincoln's-inn-fields,
London.
AUDITORS.
Charles Smith and Sons, New Broad-street, E.C.
Temporary Offices-61, Cornhill.

PROSPECTUS.
The success attained by the Credit Mobilier of Paris has
recently led to the establishment of somewhat similar insti.
?tuiions in London, their introduction meeting with marked
success, as is evidenced by the large dividends paid to their
s increase
+ increased value of the shares, such
king from 100 to 200 per cent. on the amount paid.
The fact th4t Scotland, notwithstanding the magnitude
and rapid increase of her commerce, has no institution of the
kind contemplated, has suggested to the projectors of the
present company the formation of an institution founded on
similar principles to the Credit Mobilier of Paris, but em •
braling a larger field for its operations.
The progress of Scotland has been greater during late
years., than that attained by any other country in the world.
4bta.istica of shipbuilding on the Clyde alone, during the
year 1863, show that 171 vessels, with an aggregate ton-
nage of 124,000 tons, were launched, while 3,148 sailing
ships, with an aggregate tonnage of 350,956 tons entered
the river in the same year; but this number has been ex-
•ceedncl by the steamers, which reached the large number
vi 10,555, having an aggregate tonnage of not less than
1,03.5,982 tons.
One of the great advantages of this establishment will be
that Scotch houses can negotiate their foreign bills through
the medium of this establishment, this department being
Lute of the most profitable in banking business.
Tho directors have succeeded in completing arrange-
Inuits for the purchase of the well-known, established,
and profitable business of Messrs. D. Nathan and
Co., of Cornhill, London, bullion and exchange bankers
(who take a large responsibility in the company), upon
such terms and conditions as will be satisfactory to
the shareholders, the paymentof the purchase money being
nude entirely in shares of the company. Arrangements
have also been made for the transfer, upon equally favour-
able terms, of the business of N. Monteaux et File, Palais
Royal, Paris, bullion and exchange bankers, long known as
the oldist and most extensive establishment of the kind in
France, and now carried on by Victor Monteaux, their
successor, who will retain a considerable share interest in
the company.
The contracts for the transfers of the above list lie at the
office of the solicitors for inspection.
These arrangements will constitute a nucleus, and enable
the directors at once to commence operations, as they enter
'upon a valuable connection of many years' standing, and
embracing a very large number of foreign correspondents.
The objects proposed to be effected by the company are—
I. To receive money at call or on deposit for fixed terms,
and the ordinary business of bankers.
2. To grant temporary or permanent loans on approved
public securities or private undertakings of undoubted merit
and known solidity.
3. To make advances on merchandise and dock and other
warrants, on title deeds of property in possession or rever-
sion for any temporary purpose, on contracts for carrying
out or the finishing of works, or any other securities where
their safety is unquestionable and the benefit to the com-
pany sufficiently advantageous.
4. The purchase and sale of the precious metals in all
their forms, The company will be enabled by its facilities
and connexions, to import and export bullion, and to deal
in foreign coins and bank notes on an extensive scale.
5. By means of the Paris branch it is proposed to un-
dertake the shipment of silver to the East via Marseilles,
which can be done at a considerable saving of expense and
time.

G. The business transacted by the issue of small bills and
letters of credit for the convenience of travellers and emi-
grants is incredible. Remittances from America to Ireland
alone amount to several millions sterling per annum. By
affording the same facilities to the English, German, and
Trench population of America it is confidently anticipated
that most profitable business can be done.
7. To negotiate approved foreign or inland bills, to trans-
mit funds in specie and in bills or otherwise, to any foreign
State, and to arrange purchases or sales of any British or
foreign securities at home or abroad.
8. To cast coupons, and to realise or undertake the
management of the dividends on loan or other securities.
Application for shares to be made to the secretary, at the
temporary offices of the company or the brokers.

PARIS.—THE GRAND HOTEL,
Boulevard des Capucines, Place de Nouvelle Opera,
opposite the Rue de la Paix, and near the Theatres.
Has been opened since July, 186'. It contains 700 bed-
rooms, prices from 4fr. to 25fr. ; 70 drawing-rooms, from sfr.
to 30fr. ; a magnificent salon, capable of dining more than
3GO persona, and where there is a table d'hote at six o'clock.
Dinners and breakfasts are served a la carte in the c, flee-
rooms, as well as in the apartments. Thereis a reading-
room with the best English end foreign papers and publica-
tions, a music-room and a drawing-room for the use of tra-
vellers without any additional charge. There are,also baths,
billiard-rooms, smoking divans, post-office ; cabs, carriages,
and omnibuses going to the railway stations. The servants
speak all languages. This superb hotel, po sessinr, all that
modern luxury and comfort can combine, and situated in the
most fashionable part of Paris, is recommended to the atten-
tion of travellers.
Independently of their Two Hotels, the Compag,nl6:lmmo-
biliere has established an extensive Private Fora, shed House
on the Boulevard des Capucines, opposite the ROTUNDA of
the GRAND HOTEL, whe-e Families can reside as in their
own rivate residences, and where they may rely upon find-
ing the utmost comfort.

STEAM from LONDON to NEW YORK.
'1 he British and American Steam Navigation Company
(Limited) will DESPATCH one of the undermentioned
Splendid Fast Screw Steamers TWICE ETCH MONTH for
New York:—

Tons. Horse Power.
LONDON 2,500 ..... SUO Capt. GLovErt.
WESTMINSTER 2,500 ..... Capt. Couch.
DUBLIN 2,500 500
NEW YORK 2 5OO 500 ( apt. Hamm.

These magnificent vessels are unsurpassed by any ocean-
going steamer, and have accommodation for passengers re-
plete with every comfort. The Line will commence at an
early date ; the exact day to be fixed in a latter announce-
ment. To load in the Victoria Docks.
For freight or passage apply to the Company's Agents,
Alfred Laming and Co., 8, Leadenhall-street.