The Sun.
London, England, 1864-05-16 00:00:00

SCOTTISTA AND UNIVERSAL FINANCE
BANK.
To be incorporated under the Limited Liability Act.
Capital, £1,000,000, with power to increase to £5,000,000.
20,000 shares of £5O each. First issue, 10,000 shares. lon
application, Xt on allotment, and £5 in three months.
It is not intended to call up more than £25 per share. In
tale event of no allotment of shares being made, the deposit
money will be returned in full, If more shares are applied
:for than are allotted, the surplus of the deposit money will
be applied to the payment due on allotment.
Prospectuses and forms of application for shares may be
obt dined of the brokers, and at the offices of the company.
II acne, foreign, and colonial contracts.
Mead Offices, London and Glasgow, with branches in
Paris and New Yoik.
More than half the capital being already subscribed for,
-the list will remain open only a few days ; and, by a reso-
lution of the board, the whole of the remaining shares will
'be allotted in strict order of application pro rata.
By the constitution of the association, the directors aro
not to be paid for their services until the shareholders shall
have received 7 per cent. dividend out of the profits, thus
pledging their own remuneration on the success of the
company.

William Crosskill, Esq DIRECTORS.
. (William Crosskill and Sons,
agricultural implement manufacturers,)
'Henry Frederick Downes, Esq. (Meseta. Downes and Sons,
bankers and army agents.)
George. Grant, Esq., late Sub-Treasurer to the Bombay
Government.
Cyrr.s Legg, Esq., Director of Mercantile Union Insurance
Company.
Rosselli, Esq. (:lMessrs. Rosselli Brothers), merchant,
Rood-lane.
Angelo ITsigliot Esq., merchant, Great Tower-street.
Charles Wells, Esq., shipowner, Director of London and
Provincial Marine Insurance Company.
Chalmers Izett Paton, Esq. (Hugh Paton, 9, Princes-
street, Edinburgh),
(With power to add to their number.)
•
BANKERS.
The Imperial Bank (Limited), Lothbnry, London.
BROKERS.
Lewellin A. Crowley, Esq., 3, Copthall Chambers, London.
J. Messrs. blacullum and Sidey, Princes-street, Edinburgh.
Perry, Esq., Birmingham.

SOL/OITORS.
Messrs. Mayhew, 26, Carey-street, Lincoln's-inn-fields,
London.
AUDITORS.
Charles Smith and Sons, New Broad-street, E.C.
Temporary Offices-61, Cornhill.

The success attPROSPECTUS.
ained by the Credit Mobilier f Paris has
recently led to the establishment of somewhat similar inati.
tutions in London, their introduction meeting with marked
success, es is evidenced by the large dividends paid to their
sharehoaders,and increased value of the shares, such increase
being from 100 to 200 per cent. on the amount paid.
The fact that Scotland, notwithstanding the magnitude
and rapid increase of her commerce, has no institution of the
kind contemplated, has suggested to the projectors of the
present company the formation of an institution founded on
similar prirciples to the Credit Mobilier of Paris, but em-
bracing Pa larger field for its operations.
The progress of Scotland has been greater during late
years. than that attained by any other country in the world.
Statistics of shipbuilding on the Clyde alone, during the
Y4ar 1863, show that 171 vessels, with an aggregate ton-
leage of 121,000 tons, were launched, while 3,148 sailing
;:ships, with an aggregate tonnage of 350,956 tons entered
the river in the same year; brit this number has been ex-
ceeded by the steamers, which reached the large number
of 10,555, having an aggregate tonnage of not less than
1,035,082 tons.
One of the great advantages of this establishment will be
that scotch houses can negotiate their foreign bills through
the medium of this establishment, this department being
cne of the most profitable in banking business.
The directors have succeeded in completing arrange-
ments for the purchase of the well-known, established,
and profitable business of Messrs. D. Nathan and
Co., of Cornhill, London, bullion and exchange bankers
(who take a large responsibility in the company), upon
such terms and conditions as will be satisfactory to
the shareholders, the paymentof the purchase money being
made entirely in shares of the company. Arrangements
have also been made for the transfer, upon equally favour-
able terms, of the business of N. Monteaux et Fils, Palais
Royal, Paris, bullion and exchange bankers, long known as
the oldest and most extensive establishment of the kind in
Prance, and now carried on by Victor Monteaux, their
successor, who will retain a considerable share interest in
the company.
The contracts for the transfers of the above list lie at the
office of the solicitors for inspection.
These arrangements will constitute a nucleus, and enable
the directors at once to commence operations, as they enter
upon a valuable connection of many years' standing, and
embracing a very large number of foreign correspondents.
The objects proposed to be effected by the company are-
1. To receive money at mil or on deposit for fixed terms,
and the ordinary business of bankers.
2. To grant tetaptzary cr permanent loans on approved
public securities or private undertakings of nndoubted merit
and known solidity.

3. To make advances on merchandise and dock and other
warrants, on title deeds of property in possession or rever-
sion for any temporary purpose, on contracts for carrying
out or the finishing of works, or any other securities where
their safety is unquestionable and the benefit to the com-
pany sufficiently advantageous.
4. The purchase and sale of the precious metals in all
their forms. The company will be enabled by its facilities
and connexions, to import and export bullion, and to deal
in foreign coins and bank notes on an extensive scale.
5. By means of the Paris branch it is proposed to un-
dertake the shipment of silver to the East via Marseilles,
which can be done at a considerable saving of expense and
i me.
G. The business transacted by the issue of small bills and
letters of credit for the convenience of travellers and emi-
grants is incredible. Remittances from America to Ireland
alone amount to several millions sterling per annum. By
affording the same facilities to the English, German, and
French population of America it is confidently anticipated
that most profitable business can be done.
7. To negotiate approved foreign or inland bills, to trans-
mit funds in specie and in bills or otherwise, to Any foreign
State, and to arrange purchases or sales of any British or
foreign securities at home or abroad.
8. To cash coupons, and to realise or undertake the
management of the dividends on loan or other securities.
Application for shares to be made to the secretary, at the
temporary offices of the company or the brokers,