The Sun.
London, England, 1864-02-13 00:00:00

SOLICITORS.

Messrs. Wilkinson, Stevens, and Wilkinson, 4, Nicholas•
lane, Lombard-street.
Messrs. Atehinson and Hathaway, 14, Bedford-row.

BROKERS.
Messrs. Mußens, Marshall, and 'Daniell, 8, Lombard-street,
London.
Messrs Huggins and Rowsell, 1, Threadneedle-street.
Messrs. Th:tes and Riddelsdell, 26, Throgmorton-street,
London.
Messrs. Taunton and Co., Liverpool and Manchester.

SECRETARY.
Samuel Magnus, Fsq.

Temporary Offices—London Financial Association (Limited),

No. 1, Threadneedle-street.

The London Financial Association (Limited) invite sub-
scriptions for the Capital Stock of the British and Californian
Banking Company (Limited).
This Bank is established to supply those facilities which
the great ant increasing trade of California imperatively re-
quires. It is remarkable that, while British capital has been
seeking investment in joint-stock banking operations in
every part of the world, California has been hitherto over-
looked. This omission has excited no little surprise on the
part of the merchants and traders of that State, and the esta-
blishment of this Bank will be eagerly hailed by them.
The following facts show how large a field of operations
will be open to this Institution. The yield of the gold fields
is above £8,000,000 per annum, and is steadily increasing.
Silver mines discovered about four years ago in the new ter-
ritory of Nevada are now producing £200,000 sterling per
monlh. Great progress has been made in agriculture, and
instead of importing grain, as the gold colonies of Australia
do, California exports largely. The population of the State
exceeds 500,000, exclusive of the Chinese and Indians, and is
on the increase. . _ _

The Great Pacific Railway, for uniting the Atlantic and
Pacific coasts, is now under construction. When completed,
it will take only six days to convey I,assengers and goods
from New York to San Francisco, and the latter place will
then become an important depot for the trade to China,
Japan, and other parts of the East. For the purpose of com-
munication, California is already brought by telegraph
within ten days of Europe.
There is tri-monthly steam communication between Cali-
fornia and the Eastern States, and Europe, via Panama, and
hi-monthly between San Francisco and the British colonies
to the north. The direct trade between England and Cali-
fornia, and between the colonies and California, is rapidly
increasing; and a large proportion of the precious metals is
being sent to London instead of, as formerly, to New York.
The facilities for discounting commercial paper, and for
deposits, are at present very deficient, contrasting remarkably
with those in the Atlantic States, in India, China, Australia,
and other British possessions. The rate of discount ranges
from 1 to 2 per cent. per month, and the exchange business is
capable of great develorment.
The business of the Bank will include advances on ship-
ments of gold, silver, and other produce of the country, the
purchase of bullion, the oiscount of commercial bills, ad-
vances for a limited period on available securities and mer-
chandise, letters of credit, and all other usual banking
operations.
Applications for shares must be made in the subjoined
form, which may be obtained at the offices of the London
Financial Association (Lirn'tcd), of the brokers, or of the
bankers.

FORK OF APPLICATION FOR SHARES.
To be retained by the Bankers.
To the Directors of the British and Californian Banking
Company (Limited).
Gentlemen,—Having; paid to your credit with the
sum of £ , I request you will allot me shares
in the above Company, which I agree to take, or any less
number that maybe allotted to me, to pay the calls that may
be made upon the same, and to become a member of the
Company. . .

Name in full
Usual signature
Profession or business
Address in full
Date

CREDIT FONCIER of MAURITIUS (Limited).
Incorporated with linited liability under the Com-
panies' Aot, 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.
DIRECTORS.

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.

Lieut.-Col. 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.

MAU lITIIIS BOARD.

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

SOLIC (TORS.
Messrs. Flux and Argles, Mincing-lane.
BROIL, RS.
Messrs. J. and A. Scrimgeour, 10, Old Broad-street.
SECRETARY (pro tem.)—Wm. Grceme Dick, Esq.
Offices, Land Mortgage Bank of India, 17, Change-
alley, B.C.
The progress of Mauritius, as the chief seat 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.
The following table of the exports of sugar from Mauritius
gives the best pro ,f of this progress, and shows how firmly
the prosperity of the colony is now established:—
Tons.
1850
1851
1852
1853
1854
1855
1856
1857
ISSB
1859
1860 • 130,869
The crop of 1861, owing to a hurricane, only produced
108,000 tons, but that of 1862 reached 160,000 tons,
This production tends every year to increase with the faci-
lities of obtaining labour from India, 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 of production the annual value of the
sugar crop may be t iken at £3,00),000, and the fee-simple
value of the sugar e ,tates at £6,000,000 ; in addition to which
there is a large amount of real property in lands, houses, and
other forms.
There is also great scope for useful outlay of capital in im-
provements on estates, by erecting new machinery, clearing
waste lands, and irrigating.
The rate of interest is exceedingly high, and a rate equal
to 10 per cent. per annum, or 8 per cent. interest, with 2 per
cent. commission, would be readily 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 be invested at a difference of
4 per cent. between the rate paid upon bonds in England and
received in Mauritius, it is evident that the profit on the
paid-up 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, to,nther
with the amount of first mortgagee on first-class real pro-
perty, which would always 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 French Code Civil, and a law
providing a simple and effective registration of all mortgages
has just been passed for the express purpose of facilitating
the establishment of Companies to lend upon land.
Under these circumstances an application has been made
to the Directors of the Land Mortgage Bank of India, on be-
half of a large number of the principal members of the Legis-
lative Council and Landed Proprietors 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 sank were invited, it 19119 thought better to raise a
separate capital and constitute anew Company, which, while
connected with the Mortgage 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, while the expenses of an office
and establishment in London will be diminished by mutually
advantageous arrangemen te.
A deposit of £2 is payable on allotment, and calls by in-
stalments up to £lO per share will be made, alter 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 tho Directors of the Credit Foncier of Mauritius (Limited)
_ _ Gentlemen,

I hereby requesthat you will allot me Shares
in the above Company, subject to the Memorandum and
Articles of Association, and I agree to become a Member of
the Company in respect of such Shares, or in respect of any
less number you may allot me, and to pay the deposit of £2
per Share thereon; and I request that my time may be
placed on the Register of Members for the Shares so allotted.
Name in full
Residence
Profession or Business
Date
Reference ...

FARM WANTED to rent, from 50 to 200 acres,
with moderate-sized dwelling-house and outbuildings.
Particulars to be sent to A. 11., 15, Gudliman-street, Doctors'-
commons, London.