The Sun.
London, England, 1864-03-14 00:00:00

ABRIDGED PROSPECTUS.

Although the system of joint-stock banking has been esta-
blished to meet the requirements of most departments of
trade, it has not been introduced tor the business of the
Agricultural and Catty-markets of the metropolis ; and
though the pepulation has doubled within the last twenty-
five years—and consequently the necessary q iantity of sup-
plies —yet the whole business, amounting to fifteen to twenty
millions per annum, is left in the hands of a few private
firms.
The Albion Bank is introduced to provide increased
facilities for this trade, by establishing an offici, in the City,
as well as at Smithfield and the Metropolitan Can e-market ;
and subs( quently, shou'd it be found desirable, by opening
branches in the agricultural districts.
The value of the rapidly-increasing commission business
to be transacted by the Albion Bank can be readily appre-
ciated by a kno sledge that the method in which deaiiiags are
carried on at the Cattle-market umstitute, the bank, the de-
po,itory of all the moneys passing from the buyer to the
producer.
The Directors have entered into provisional arrancements
by which the advantage of c mmencing up )n en eq'thl•shed
connexion, under competent and experienc d manageme,t,
will be secured to Shareholders from the c ,mmence-
meet of busint as, by which they are warranted in expect-
ing that they wid be enabled to declare a dividend during
the first year.
Should no al otment take place the deposits will be returned
in full. Should a less number of Shares be a 1 Ated than are
applied for, the deposit will be made available towards the
p yment on ,llotment, and the ba ance, it any, returned to
the applie ,nt.
Application for Shares may be addressed to the Bankers,
Brokers, or Directors of the Company, and to the Secret try,
at the Office of the Company.

THE WARRANT BANKING COMPANY
(Limited.)
FOR ADVANCES ON MERCHANDISE AND SECURITIES.)
Incorporated under the Companies' Act, 1862.
Capital £2,000,000, in 40,000 shares of £5O each.
First Issue, 20,000 shares.
Deposit V per share on application, and £4 per share on
allotment. Future calls will not exceed £5 per share, at
intervals of three months.

DIRECTORS.
Joseph Bravo, Esq., of J. Bravo and Co., London.
Archibald Bruce, Esq., of the late firm of Bruce and Co.,
Abchurch-lane, London.
W. J. R. Cotton, Esq., of Culverwell, Broo', s, and Cotton,
London.
A. D. De Pass, Esq., of De Pass and Sons, London.
Abel Heywood. Esq., ex-Mayor of Manchester, Director of
the Alliance Bank, Manchester.
George Harvey Jay, Esq., Tokenhouse-yard, late of the firm
of Quilter, Ball, and Jay, London.
Thomas Jolly, Esq., of Thomas Jolly and Co , Manchester.
William M`Andrew, Esq., of William WAndrew and Sons,
London.
H. R. Marriott, Req., of Henry Marriot and Co., Manchester.
William M. Neill, Esq., of Neill Brothers and Co., London
and Manchester.
George Palmer Robinson, Esq, Director of the Alliance
Bank, London.
Albert R cardo, Esq., of A. and W. Ricardo, London.
William Rawstron, Esq., of Ralph Rawstron, Manchester.
BANKERS.
London, Liverpool, and Manchester—The Alliance Bank.
SOLICITORS.
London—Messrs. Fy on, Tathams, Curling, and Walls, Fre-
derick'" -place, Old Jewry.
Messrs. Flux and Arles, Mincing-lane.
Liverpool —Messrs. Fletcher, Hull, and Stone.
Manchester—Messrs. Sale, Worthington, Shipman, and
Seddon.

BROKERS.
London—Messrs. J. and J. Whitehead, Mo'rgate-street.
Liverpool—Messrs. Gasquoine and Chamberlain.
Manchester—Messrs. Shore and Kirk.

TEMPORARY OFFICES.
21, Throgmorton-street, London.

PROSPECTUS.
While Exchange Banks and Credit Institutions have been
established to connect this country financially with almost
every foreign market, and to give fact Hies for conveying to
our shores every description of merchandi .e, it is remarkable
that as soon as the operation of importing is performed the
monetary facilities are withdrawn The bills drawn upon
our merchants mature, and must either be -net by the mer-
chant's capital unaided or by sales. Thus, when tempo-
rani y there is an excess of any commodity imported, its
price is undu y depressed, and s rion• losses are incurre
Ordinary bankers and discount houses dislike making ad-
vances upon merchandise, having no organisation for exa-
mining the goods and correct y estimating their value.
What they want are good bills, drawn on those who, know-
ing the value, have accepted for a fair advance. Division of
labour is here as elsewhere found to be most convenient and
profitable.
To meet this want, which every merchant must acknow-
ledge, the Warrant Banking Company is formed. The bu 1-
ness of the Company will mainly consist in making -dv ,nces
upon deposit of the staple articles of produce, represented by
dock warrants or other means of absolute assignment, duly
inspected and valued on behalf of the Company, and with a
proper margin to allow for depreciation.
These advances will be made in a ceptances by the Com-
p ny of the drafts of its customers, and as every bill will re-
present mer •handise readily convertble, and b at the same
time secured bythe whole ca ital of a powerful Company, the
exact position of which will be patent to al', there can be no
doubt that the whole Die ount Market will be availablewhen
It is desired by the holder to turn the bill into c,sh.
It will be readily apparent that the existence of such an
institution, while it will be of great service to merchants, and
increase the stability of the enure class, will be an equal con-
venience to bankers and aivount firms, furnishing them with
a class of bills rarely obtainable. In order to render the due
payment of the Company's acceptances certain, the Directors
undertake that the entire paid-up capital of the Company
will be invested, and, sofar as practicable, remain invested in
British and East Indian Government securities, and upon
deposit at call, and it is proposed that the capital thus paid
up and invested within the first year shall reach the sum of
at least .£200,1'00. . .

The field which exists for such an undertaking will be at
once apparent from a glance at the Board of Trade returns of
foreign impor a for the past year, which amounted (not to
speak of home produce) to over £200,(00,000. If we estimate
the average stock of foreign goods held in warehouse, as
equal to three months' consumption, it would represent an
amount of £50,000,000.
Advances may also be made when deemed advisable canon
Stocks and Shares, in permanent undertakings readily con-
vertible.

A reasonable proportion will always be maintained be-
tween the extent of business undertaken aid the cal'ed-up
capital. Should it be necessary, the latter will be increased
to one million sterling, to be invested as already indicated,
simply as a guarantee fund.
Branches will, in due time, be established at Liverpool,
Manchester, Glasgow, &c. &c.
Tee Directors will not receive any remuneration until the
shareholders have been paid £5 per cent. by way of dividend
on their paid-up capital. Atter payment of 5 per cent, the
Directors will receive one-fifth of the nett profits,
No promotion money will be paid for originating this un-
dertaking. The preliminary expenses will be confined to the
necessary disbursements.
Prospectuses and forms of application for shares may be
obtained of the brokers, bankers, solicitors, and at the tem-
porary offices of' the Company, but no application for shares
will be considered unless a deposit of £1 per share has been
previou-ly p,id to the bankers of the Company.
In the event of no a lotment being made the deposit will be
returned without deduction, and should the number allotted
be less than the number applied for, the payment in excess
will be applied towards the balance of the deposit.

FORA OF APPLICATION FOR SHARES.

To be retained by the Bankers.

No.—

To the Director 3 of the Warrant Banking Company
(L'mited).
Gentlemen,—having plfd to your Bankers the sum of ,
being a Depo-it of D. per share on shares in the above
company, I hereby request that you will allot me that num-
ber, and I azree to become a member of the Company in re-
spect of such shares, or in respect of any less number you may
allot me ; and to pay on allotment the further deposit of £4
p r share thereon, and I reqest that my name may be placed
on the Register of Members for the arcs so alloted.
Name in full
Residence
Profession or business

Date .

THE BENEFACTOR OF THE SKIN.

MOLLARD'S PERFUMED SULPHUR
SOAP and CREAM for ordinary toilet purposes,
and "BAREGE' SUL I'HUR CREAM, for Baths, free
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the skin and body in perfect health ; they are also an effectual
remedy in curing local and cutaneous affections and rheuma-
tism. Highly patronised and recommended by the most
eminent physicians 'see Testimonials). Tablets of Soap, from
Nos. 1 to 5, according to the degree of sulphur they contain,
sold at the depot.?, Rupert-street, Coventry-street, London,
W., and at all chemists. Prospectuses and testimonials sent
on application.

NOTHING IMPOSSIBLE.--The greatest and
most
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OHusNefGuloinsvNeEnLtioLnaonfdthceod.a,
3, King-court, Lombard-
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to the public this truly marvellous fluid, whick gradually
restores the human hair to its pristine hue—no matter at
what age. The Agua Amarella has none of the properties of
dyes ; it, on the contrary, is beneficial to the system, and
when the hair is once restored one application per month
will keep it in perfect colour. Price one guinea per bottle, or
in half bottles, 10s. 6d. Testimonials from artistes of the
highest order, and from individuals of undoubted respecta-
bility, may be seen on application. Messrs. John Gosnell
and Co. have been appointed Perfumers to her Royal High-
ness the Princess of Walea.