The Sun.
London, England, 1864-08-04 00:00:00

PROSPECTUS.

The principle of limited liability in banking has been
most successfully employed in the establishment of Banks.
as the following table of some of the Companies recently
formed shows :

Amount Present Profit
paid, value, per cent,
Alliance
Consolidated
East Loudon 5 .. 8i .. 70
European

Imperial •..c
London and Brazilian ..... 40 .. 62 .. 55
London and South American H .. 57

Merchant

Mercantile lO 20 .. 100

Metropolitan
20 30 .. 60
The trade between this country and the Northern States
and parts of South America has been most successfully pro-
vided for; one gloat want, however, has yet to be eupplied
—there remain the trade oz the West Indies still requiring
accommodation, and the enormous trade of the Southern
States totally without provision.
The reduction in the duties on Sugar, and its present
high price, and the stimulus to be given to the growth of
cotton, must tend to increase the trade of the West Indies,
and thus necessitate increased Banking facilities.
It is true that the war has deranged and cramped the
business operations of the Southern States, but a trade of
such enormous extent could not possibly be suppressed ;
transferred a
;their harbours
of the trade of the Southern States
has
and accordingly, the commercial statistics of the Nest
Indian Islands, which lie contiguous to the American coast,
show
It is a fact that Havannab, St. Thomas, Nassau, Ber-
muda, and other ports, are now transacting the most ea-
nsv been
e that
business
are crowded with shipping,
and yet they are without
any increased business arc memo-
dation, and in some cases do not possess any banking
facilities at all. For
Bank,-astance, Nassau and Bermuda
tei
possess but on the operations of which aro
very limited ; whilst the paucity of banking accommoda-
tion at Havannah and St. Thomas is well known ; and yet
the imparts and exports of these ports to and from the
United Kingdom amount annually to about eight millions
sterling.
The Peninsular, West Indian, and Southern Bank
(Limited) is formed chiefly for the
purpose of supplying
this deficiency of banking accommodation.
It is proposed to commence business immediately at St.
Thomas, Bermuda, Nassau, and Liverpool, in which places
a very large and profitable business may be effected. In
Nassau alone great amounts in Bills aro sold in the market
at premiums as remittances to this Country. As compare-
tiveiy no provision is made for this the Bank could not fail
to realise a great profit in Exchanges alone.
The commercial importance of the Isthmus of Panama to
our trade with Australia, New Zealand, California, &c.,
and the development to be given to the Northern States of
South America, have suggested the propriety of providing
in the Articles of Association for power to open branches or
agencies at Panama, Granada, Venezuela, Guayana, &c.,
should such appear to the Directors desirable.
Negociations are now pending throuh. which the moat
powerful support is anticipated in the above places,
Whatever may be the duration of the present American
war, it must sooner or later end, when immediate advan-
tage would be taken of peace to extend the Bank, with its
established machinery, into the Southern States, where,
with the connection already formed by its operations in the
surrounding 'stands, it is lair to presume it would become
the Bank of the South; and when it is remembered that
the Southern States of America, in one article export alone,
gave employment to one-third of the manufacturing popula-
tion of England, it is impossible to overstate the prospects
of a Bank commencing business there with the advantages
of a large capital and an already formed connection.
One of the principal objects of the Bank thus being the
ultimate establishment of Branches in the large cities and
towns of the Southern States, to provide banking accommo-
dation for the immense trade with Europe certain to follow
the termination of the war, powers are included in the
Articles of Association for the establishment of Agencies in
such of the capitals of Europe as may have close business
relations with America ; and arrangements have already
been concluded with intleential continental societies, by
which the bank secures the eosoperation of eminent capi-
talists in France, Italy, and the Mediterranean Penin-
sulas.
The operations of the •
Bank will be limited by the Articles
of Association to a legitimate Fimanol • Business only, and
will consist of the negotiation of bills of exchange—buying
or selling on different parts of Europe--receiving money on
deposit, discounting commercial bills, collecting bills,
advancing on such bills, or produce, and on other available
,
securities, and all other ordinary banking, financial, or ex-
change business.
The Directors retain the right of reserving 5,000 shares
for foreign or continental issue, should they deem it desir-
able.
Early application for shares is requested, as a great por-
tion of them have been already subscribed. Should a less
number of shares be allotted than applied for the balance of
deposit money will be applied in part payment of the instal-
ment (hie on allotment.
Prospectuses and forms
of applications for shares may be
obtained at the Bankers, Brokers, and at the Temporary
Offices of the Company, 34, Great St. Helen's, Bishopsgate-
street-, E.C.
FOISM OF APPLICATION FOR SHARES.
(To be retained ba
• the Bankers.) •
To the Directors of the Peninsular, West Indian, and
Southern Bank (Limited).
Gentlemen—Having paid to your bankers the sum of
, being a deposit of per Share on Shares
in the above Company, I hereby request that you will allot
me that number ; and I agree to accept the same or any
less number you may allot me, and to become a member of
the Company, and to pay to your bankers the further sum
of £4 per Share on allotment ; and I authorise you to place
my name on the Register of Shareholders for the Shares so
allotted, and to forward, by post, to my address as below,
the certificate for any shares which may be allotted to me.
Name in full
Address
Occupation
*

THE WELLINGTON THREE SHILLING
DINNER, consisting of Soup, Fish, Made Dish,
Joint, Sweet, dm. is served from 3 to 9 p.m.
The SALOON DINING ROOMS on the First Floor are
open for Luncheons at 1 o'clock. Dinners from the Joint,
Set Dinners, and D nners from the carte, are served from
3 to 9 p.m. daily.
On SUNDAYS the Dining Rooms are open from 5 to 8.30
p.m.
By order of the London and Paris Hotel Co. (Limited\
JOHN CATES, Manager.
The Wellington—Entrance, 160, Piccadilly.
Ladies' Entrance, 53, St. James's-street.

THE BENEFACTOR OF THE SKIN.—
MOLLARD'S perfumed Toilet Sulphur Soap and
Cream, highly patronised by the faculty, nobility, and gentry.
Nothing equals the properties and qualities of the Soap No.
1 for ordinary toilet purposes, and of Nos. 2 to 5 in all cases
of cutaneous affections or rheumatism.

Perfumed toilet cream, cold cream, and pomatum for the
hair.

Barege cream for sulphur baths, without any disagreeable
odour.

All these preparations may be had at the central depot,
221 A, Regent-street, London, WV.; and at Messrs. Newberg
and Sons, Barclay and Sons, Edwards, Keating, Saner and
Son, Jozeaunetti, and all chemists. Pamphlets and test,
monfals tree on a plication.
Agent for Edinburgh—Mr. John Al`Kay, chemist, 119,
George-street.

ItOYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern Rail-
way Terminus, King's-cross.

Patron—Her Most Gracious Majesty the QUEEN.
Vies-Patron—llis Royal highness the Prince of WA LEF,E.G
President—His Grace the Duke of BUCCLEU CH, K.U.
Treasurer—Edward Masterman, Esq.

The numerous and urgent appeals of the si k poor for ad-
mission compel the Committee to entreat the bounty of the
affluent and humane, as the medical officers are daily oblif.-red
t a treat as out-patients many cUstres -ing cases which. with
more adequate funds, they would gladly admit into the wards.
The premises of the Hospital are capable of containing 500
beds.

The Hospital is not endowed, but is wholly dependent on
voluntary contributions and legacies, which are received by
the Treasurer, Edward 31as; erman, Esq., Nicholas-lane; also
by Messrs. Coutts and Co. ; Drummond and Co. ; Herries and
Co. ; hansom and Co.;Prescott, Grote. and Co. ; Smith,
Payne, and Co. ; Giyn and Co. ; Jones Loyd and Co. ; Barclay
and Co. ; Denison and Co. ; W ,lliams, Deacon, and Co. ;
Overend, Gurney, and Co. ; Nisbet and Co., Burners-street ;
Masterman and Co. ; I. Barned and Co., Liverpool; and at
the Hospital, from 10 till 5.
STANFORD S. SMITH Secretary.