The Sun.
London, England, 1864-02-16 00:00:00

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 F. 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, Eaq., late Chief Secretary to the Govern-
ment at Bombay.
George Clerihew, Esq„ late Chief Medical Officer at
Mauritius.

Br Ati q ITIUR BOARD.

The Hon. Cedcourt 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 Sennevilh, 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.

SOLICITORS.
Messrs. Flux and Argles, Mincing-lane.
BROKERS.
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, E. 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 ot a Land Mortgage Bank or
Credit Fonder.
The following table of the exports of sugar from Mauritius
give
prosperity of the colony is now s the best pro ,f of this progress established :
and shows how firmly
the
Tons.
1850
1851
1852
1853
1854
1855 ..
1856 117,979
1857
1858
1859
1860
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 ot 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 tJcen at £3,001,000, and the fee-simple
value of the sugar e dates 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. conraission, 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
1100,000 or £150,000, would be very large.
The remainder of the share capital of £500,000, together
with the amount of first mortgages 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 Bank were invited, it was thought better to rare 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 arrangements.
A deposit of £2 is payable on allotment, and calls by in-
stalments up to £lO per share will be made, after 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 the Directors of the Credit Foncier of Mauritius (Limited).
Gentlemen,
I hereby request that 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 name may be
placed on the Register of Members for the Shares so allotted.
Name in full ...............
Residence
Profession or Business
Date
Reference

CREDIT FONCIER OF MAURIT[US
(Limited).
NOTICE IS HEREBY GIVEN. That NO FURTHER
APPLICATIONS for SHARES in this Company will be
RECEIVED atter Four o'clock on WEDNESDAY next, the
17th inst.
By Order.
WK. GRERE DICK, Secretary.
17 2 g Chane-alle, E.O
Feb. 1,1864. y

PRIZE MED AL—INTERNATIONAL
EXHIBITION, 1862.1 v.
FRANCIS TUCKER & CO., Wax Chandlers, &c., &0.,
To the Queen and the Pi ince of Wales.
(Established 17?0.)
The Jurors' Report on Wax and Church Candles, in 1862.
testifies to he excellence of the quality of Messrs. Tuckers'
manufacture.
A distinguished Dignitary, in a letter addressed to Francis
Tucker and Co., on the subject of
WAX CANDLES with PLATTED WICKS,
says :
" I have found them fully equal to the recommendation
which you gave them, and can sincerely, in my tur, -
mend them to the clergy for the use of the altar."
Finest quality with Platted Wicks, patented.. d. per lb.
Ordinary quality • • " • • • • Od. per lb.
VEGETABLE CANDLES, with a Mixture of Wax.
Best quality ..
is. sd. per lb.
Second quality ls. 3d. per lb.
er lb.
Third quality I.s. id. p
Carriage paid in London on Orders of Five Pounds in value.
FRANCIS TUCKER AND CO.,
8, South Molton-street, Grosvenor-square. Manufactory—
Kensington (Established 1730).
The largest Establishment in England for the Manl.llllOtUre
of Wax candles for the use of the Altar.

By Order.
Temporary Offices, 20, Threadneedle-street,
February 13, 1864.

INTERNATIONAL FINANCIAL SOCIETY
(Limited).

NOTICE IS HEREBY GIVEN, That the FIRST ORDI-
NARY GENERAL MEETING of this Society will be held
at the London Tavern, Bishopsgate-street, London, on
TUESDAY, the Ist day of March next, at Twelve o'Cloak
precisely, to receive the Directors' Report and Statement of
Accounts up to 31st December last, to declare a dividend, and
to elect Auditors.

By Order.
WALTER A. MICHAEL, Seoy.
54, Old Broad-street, Feb. 16, 1861.

AMENDED PROSPECTUS.

In consequence of the New Regulation of the Stock Ex-
change, passed 11th February, 1864, as follows :
" the Committee will not recognise transactions in the
Shares of any New Company unless one-half of the
nominal capital of the Company be issued, and at least
10 per cent. paid thereon,"
The first issue of Shares has therefore been increased to
-50,000.
THE MARITIME INSURANCE COMPANY
(Limited).
-

Incorporated, with Limited Liability, under " The
Companies Act, 1862.'
Capital, One Million, in 100,000 shares of £lO each.

First Issue 50,000 shares, instead of 25,000 shares, as before
announced.

Deposit on Application £1 per Share. Further payment on
Allotment £1 per Share.
DIRECTORS. - -

Francis Boult, Esq. (Messrs. Boult, English and Brandon.)
Alexander Duranty, Esq. (Messrs. A. Duranty and Co.)
William Harrison, Esq. (Messrs. Harrisons and Latham.)
W H. Haynes, Esq., Merchant.
Patrick Hunter, Esq. ( klessrs. Browne, Hunter. and CO
George B. Kerferd, Esq. (Messrs. Geo. B. Kerferd and Co.)
Peter Maxwell, Esq., Merchant.
P. M. Miler, Esq. (Messrs. Miller and Mosman.)
William Nicol, Esq. Merchant.
Daniel Powell, Esq. (Messrs,. Daniel Powell and Co.)
T. Harrison Ridley, Esq. (Messrs. Ridley, Son, and Co,)1
J. Barkeley Smith, Esq. (Messrs. Houghton, Smith, and Co.)
With power to add to their number.

MANAGER AND UNDERWRITER.
Henry Case, Esq.
BANKERS.
The National Bank of Liverpool (Limited).
The National Bank, Old Broad-street, London.
And its branches in Ireland.
The Union Bank, Manchester.
BROKERS.

Henry Walker Lucas, Esq.,-3,Coithall-buildings, London,
E.C.
Geo. Edwd. Schultz, Esq., Manchester-buildings, Tithebarn-
street, Liverpool.
Edward Fox, Esq., 51, Dame-street, Dublin.
Frederick Fielder, Esq., Cross-street, Manchester.
Charles Boult, Esq., 15A, St. Ann's-square, Manchester.

AUDITORS.
Messrs. Harmood Banner and Son.
SOLICITORS.
Messrs. Littledale, Ridley, and BardswelL
TEMPORARY OFFICES.
4 and 5, Brown's-building's, LiverpooL
PROSPECTUS.
This Company is formed, not for the purpose of establish-
ing a new Marine Insurance Office in rivalry with offices
already opened, but with the object of continuing the existing
Maritime Insurance business so long conducted by Mr. Henry
Case, under the firm of Price and Co., in Exchange-buildings,
Liverpool.
Mr. Case's services, as underwriter, have been secured
upon terms satisfactory to the Directors, dependent in part
upon the success of the Company, and without the payment
of any "promotion money," either in cash or shares.
It is anticipated that whilst the extensive connection al-
ready possessed by Messrs. Price ant Co. will be retained
and consolidated by the formation of a Company, the busi-
ness will, at the same time, be considerably increased.
The success which has attended the operations of Marine
Insurance Companies in Liverpool, may be gathered from
the present vaxe of their Shares in the market, viz.:—
Amount Present Equal
paid. price. to
The Thames and Mersey £2 £7 0 0 250 per cent pm.
The British and Foreign 2 415 0 137 „
The Union 2 5 1 3 156
The Empire
The Albion
The Mercantile

The strictest economy will be exercised in working, and the
preliminary expenses will consist solely of the actual neces-
sary disbursements and legal charges.
Applications for Shares must be accompanied by a payment
of £1 per share, which will be retained on account of the full
payment of £2 per share on the number of shares which may
he allotted to the apnlicant, and will be liable to forfeiture if
payment of the remaining £1 per share be not made at the
time to be stated in the notice of allotment.
Forms of application for shares may be obtained from the
brokers, and also at the temporary offices of the Company,
4 and 5, Brown's-buildings, Liverpool.
In cases where no allotments are made, the deposit will be
returned without deduction.

FORM OF APPLICATION FOR SHARES.
T.) be retained by the Bankers.
The Maritime Insurance Company (Limited).
First Issue, 50,000 shares.
To the Directors of the Maritime Insurance Company
(Limited).
Gentlemen,—Having paid to the Bankers of the above-
named Comnany the sum of X , I hereby request
ttiat you will allot me Shares in the said Company,
and I agree to accept such Shares, or any smaller number
that may be allotted to me, and to become a member of the
Company, and I authorise you to place my name on the Re-
gister of Members in respect of the Shares to be allotted to
me, and I agree to b. bound by all the conditions and regu-
lations contained in the Memorandum and Articles of Asso-
ciation of the Company ; I further authorise you to forward
by post to my address, as below, the certificate for any Shares
which may be allotted to me.
Dated this day of 1864.
Name in full
Firm (if any)
Business or Profession
Place of Business
Residence

London : F. Pitman, 20, Paternoster-row, E.C.

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

Tons. Horse Power.
LONDON 2 5OO ..... 500 ..... Capt. GLOVER.
WESTMINSTER 2,500 ..... 500 ..... Capt. Conon.
DUBLIN 2 5OO ..... 500 ..... Capt. Fnoun.
NEW YORK 2,500 ..... 500 ..... lapt. HARRIS.

These magnificent vessels are unsurpassed by any ocean-
going steamer, and have accommodation for passengers re-
plete witn every comfort. The Line will commence early in
March ; the exact date to be fixed in a latter announcement.
To load in the Victoria Docks.

For freight or passage apply to the Company's Agents,
Alfred Laming and Co., 70, CornhilL

NORWICH UNION FIRE AND LIFE
OFFICES.
NOTICE OF REMOVAL.
The Directors hereby give notice, that, in consequence of
the immediate extension of the London, Chatham, and Dover
Railway, they have vacated their offices, No. 6, Crescent, New
Bridge-street, and REMOVED to their NEW PREMISES,
No. 29, Fleet-street, E.C.
February 4, 1864.

BENSON'S WATCHES, adapted for any climate
and country; wholesale and retail. Chronometer,
duplex, lever, horizontal, vertical, repeating, centre seconds,
keyless, astronomical, reversible, and chronograph watches,
from 200 to three guineas each.
An illustrated pamphlet and price list of' every description
of watch post free for two stamps.

J. W. BENSON, by special warrant of appointment watch
and clock maker to H.R.H. the Prince of Wales. Manufac-
tory, 33 and 34, Ludgate-hill, E.C.

]powELL's BALSAM of ANISEED,
For COUGHS, COLDS, SHORTNESS of
BREATH, INFLUENZA, &c.
Prepared by THOMAS PowELL, 16, Blaekfriars-road, and
sold by all Chemists, at ls. lid., 2s. 3d., and its. per bottle.

TROUSERS.—Special attention is called to the
WINTER GOODS, and gentlemen who do not mind
paying a fair price for a good pair of trousers can depend on
material and patterns that cannot be ex3elled, at
HAMILTON and KIMPTON'S, TAILORS,
105, Strand (opposite Exeter Hall).

cZPECTACLES.—The Patent Newly-invented
►.J Tinted Spectacles are patronised by the majority of the
Nobility, including Viscount Palmerston. They afford extra-
ordinary react' to weak, dim, and detective vision.—S. and B
SOLOMON S, Opticians, 39, Albemarle-street, Piccadilly.

IF THIS SHOULD MEET THE EYE of any
one troubled with Wind in the Stomach, Indigestion, or
Biliousness, take PAGE WOODCOCK'S WIND PILLS.
Their world-wide celebrity proves them of sterling merit.
Of all medicine vendors at Is. lad. sind 2s. 9d. ; or free by
post for 14 or 33 stamps from Page D. Woodcock, Chemist
Lincoln.

TEETH.—Mr. ESKELL'S INVENTION in
the construction of ARTIFICIAL TEETH has the
following advantages :—A set of teeth, of excellent work-
manship and mechanism, can be made and fitted with the
most perfect accuracy and success, in a few hours, without
pain or extraction of stumps, and to answer all the purposes
of mastication and articulation. They are fitted without
wires or fastenings, and adapt themselves so perfectly to the
gums, that they are quite immoveable, except at the option
of the wearer. Invalids or residents in the country can ad-
just these teeth to many changes of the mouth without the
aid of a dentist. They are not so iiable to injury, are always
useful, and will last a lifetime. Comfort guaranteed. Trea-
tise explaining Dlr. Eskell's Patent, &c., free for 7 stamps.
Inspection of specimens and consultations free.-B,G ro svenor-
street, Bond-street, W ; and at 39, Bennett's-hill, Bir-
mingham.

L_AMBERT'S ASTHMATIC BALSAM.—AN
1,41 EFFECTUAL REMEDY, without confining the bowels
or affecting the head, truly efficacious and pleasant, is ad
mitted to be the best medicine for immediately relieving
coughs, colds, confirmed cases of asthma, and incipient con-
sumption. it frequently cures persons whom the faculty
pronounce incurable, admirably allays the tickling which
provokes frequent coughinp•
In approaching consumption
its effects are truly beneficial. Persons deprived of sleep, or
even lying down for fear of suffocation, may depend on relief
in a few minutes after taking it. Prepared only and sold by
W. LAMBERT, Chemist. 8, King-wlinam_street, Charing-
cross, London, and by all druggists, in bottles, 130., and
three quantities in one, 2s. 9d. each. Be particular, and ask
for Lambert's Asthmatic Balsam, The name and address ae.
engraved on the stamp.