The Sun.
London, England, 1852-07-06 00:00:00

N°.18,655.] LONDON

ippp OYAL AUSTRALIAN BANKING AND
GOLD IMPORTING COMPANY.

Co incorporated by Itoy.ll Ch.trter, with limited liability.
Capital 250,0001., in 50.000 Shares of Si. each. Deposit 1/. per

Share.
GOVERNOR —JOHN MA.I_I,;EtEGOR, Esq., M.P.
DIRECTORS.

Thomas Agzs, E=q , 1, Bishopsgate-street, Within.
William Bevan, Esq , Clyde :louse, Leominster.
G nirge Cook, Esq , Wynvaw House, Fulham.
John Gardiner, Esq., 24, Norio k-road, Regent's Park.
Joh i MacGrezor, Esq., M.P., 1, Princes-terrace, Hyde Park.
J. D. Hoare, Esq., Montague-street, l'ortman-square.
George N. Paine, Esq Westb turns-grove, nay swater.
John Charles Stovin, Esq , Acacia road, St. John's Wood..
BANKERS—Messrs. Masterma.n and Co.
Smactroas —Messrs. it ullins and 1 'addison.
BROKERS Messrs, Field, Son, and Wood.
SECRETARY—Percy Drummond, Esq.
Offices-9, Moorgate-street, London.
The greatly increasing p tpulation, the comet rce, the pastoral,
and agricultural riches of the col, 'tiles of New South Wales and Vic-
toria, the great success o the banks already established in .ydney,
Melbourne, and Geel ,ng, together with the extraordinary yield of
the gold mines of these colonies, jus' ly warrant the establishment of
a New Austfalian Bank, with branches in such towns as may appear
expedient.
It has therefore been proposed to form a new banking association,
to be entitled the Royal Australian Banking and Gold Importing
Company, to be incorporated under a Royal Charter.
The capital is proposed to be 250,0001., in 50,0 0 shares of 51. each,
on which a deposit of 1. each shall be paid, and no further call to be
made until the Royal Charter shall have been obtained, and not
then, except by a resolution agreed to by a majority at a general
meeting of Shareholders, to be called together for that puroo-e, by
three regular advertisements in the " Times," and three other Lon-
don daily newspapers ,
The object of the proposed Bank is to establish an office in Lon-
don tor the purpose of rezulating and directing the general affairs
of the Company. A Bank will be established at Sydney, with
branches at, Melbourne, and, .if expedient, at Geelong, and
other populous towns. The bank and the branches to carry on the
ordinary business of banking by discounting bills, issuing
notes under the provisions granted by Charter, in proportion to the
paid-up capital, advancing money on undoubted security, and also
on consignment of gold ore and refined got t to the Company in
London; and purchasing rold in the colonies of New South Wales
and Victoria, together with the transaction of such other business
as may be safely and legitimately conducted by a Bank. To avoid
losses by fraud or neglect of duty, the managers, and all persons ap-
pointed by thelßank, will have to give competent security in England
for their fidelity and good conduct in those colonies.
A great part of the above capital being already subscribed„ the
Royal Charter has been applied for, and is under the consideration of
the Board of Trade, and the Deed of Settlement will be completed
when the remaining shares are subscribed, and the deposit of 1/.
per share paid to the bankers.
The combined advantages of banking and gold purchasing are evi-
dent.
Firstly,—As a bank, an entirely new -Id is created by the lin-
mense influx of poplaip,tion,,which ia.„tkeitig contnnsottal.p acttlect
ha-
'tiy the daily increasing-ernigratton'toe"the main purpose of raising
gold, for which the batik would afford a convenient and secure
place of deposit, as well at a market for its disposal, involving a
proportionate increase of trading operations and bankin accommo-
dation. The shares of the banks already established in Adstralia
are now at high premiums, in one instance (the Union Bank Shares)
80 per cent.
Secondly,—By the purchase of gold in those colonies by a bank
at about Sic. per ounce, with a market value here of about 80s , a
profit is shown of nearly 25 per cent. ; and looking at the enormous
lqiumaintetidt,ywohif thethpererceicoeusntmfaectiadlt,itehiss
ofbuasinregess w
ul
teama packet
e ien
tuerr
coarse, both by the way of the Cape of Good Hope, by way of
Egypt, and shortly by way of Panama,will lncrease the profits on
the capital by enabling the Company to make frequent importations
arouisi
of gold during the year.
Such are the sound and practical advantages which are submitted
by the Directors to the public, and which they will have the
greatest satisfaction, both as Directors and Shareholders, of
promptly carrying into execution, in the full confidence that this
Company will prove one of the most secure and profitable invest.
ments of the day.
Applications for shares and prospectuses to be made on or before
the 14th day of July at the offices of the C ,mpany, 9, Moorgate-
street, or on Messrs. Field, Son, and Wood, Warnford-court, Throg
morton-streel; Messrs. Johnstone, Bradley, and Walker, brokers,
Manche ter ; Messrs. S. R. and T. R. Healey, brokers,
Liverpool •
Mr. M. B. Beverly, broker, Leeds ; Mr. P. Nightingale, broker,
W akefleld ; sir. W. Ntudie, jun., br ker, Glasgow ; Mr A. I,V Le.
bertouche, broker, 43, Fleet-street, Dublin; Mr. Monies K.ll, br, 'ker
Birmingham; M Messrs. son ug r. I. K. Thomas, broker, Bristol ; H h •
and Dobson, brokers, Edinburgh ; and Messrs. T.
brokers, Hull. W. Flint and Co ,