The Sun.
London, England, 1864-03-28 00:00:00

THE ALBION BANK (Limited).
Capital Xl,' 0,x,,00, in 20,00 shares of £5O each.
First issue, 10,005 shares.
Deposit £1 per share on application, and Li per share on
allotment. It is not intended to calt up more than £l5 per
slime. No call will be made for three months atter allot-
ment. Three months' interval at least will elapse between
two calls, and no call will ex eed £5 per share.
Incorpor.ited under the Joint Stock Companies Act of 186?,
whereby each shareholder's liability is limited to the
amount of his shares.

DIRECTORC.
Thomas Cave, Eeq , Sheriff of London and Midd'esex.
J. T. Pritchett, Esq. (firm of J. T. tritchett and Sons), 131,
Fen ch urch-street.
W. F Masters, Esq. (firm of W. F. Masters and Sons),
Newgate-m a rket.
Benjamin Baugh, Esq., Bradford-street, and Balsall-heath,
B riningham.
Thomas Aegs, Esq. (firm of Thomas Aggs and Co.), 155,
Fenchurch-street, E.C.
ft. F. Potter, Esq. (firm of E. F. Potter and Co.), 25, Newgate-
street.

With power to add to their number.
The provisional arrangement for merging the old-established
private bank of Messrs. Challis and Son with the Albion
Bank (Limitedthas been confirmed, and the active partner
will be the general manager of the Rank.

• GENERAL MANAGER
Thomas M. Chal is, Esq.
BANKERS.
Messrs. Challis and eon, 16, West Smithfield.
Bank of London, `Threadneedle-street.
The London and &ahem Bank, 2, Bank-building's, London ;
and.Neweastie,eds, and Huddersfi€ld•

BROKER.
James Shepherd, Esq., Auction Mar'.
SOLICITOR.
G. W. Cuming Dean, Esq., 27, New Broad-street.
AUDITORS.

William Cooper, Esq, Public Accountant, 13, George-street,
Mansion House.
W. Andrews, Esq, Manager United Kingdom Electric Tele-
graph Company.

SECRETARY, PRO TEM.
Mr. H. L. Price.
Temp rary Offtoes-2, Bank-buildings.

PROSPECTUS.

AlthouOt the system of joint-stock banking has been esta-
blished to meet the tYquire 'tents of most departments of
trade, it has rot been introduced for the business of the agri-
cultural and tittle markets of the metropolis ; and though
the population has doubled within the last 25 years, and, con-
sequ ntly, the necessary quantity of supplies, yet the whole
business, amounting to 15 to 2) millions per annum, is left in
the ha, ds of a few private firms.
The Albion Bank is introduced to prori 7e increased facili-
ties for this tr:, de by establishing an office in the City, as well
as at Smithfield and tae Metropolitan Cattle Market ; and
subsequently, should it be !ound desrabic, by opening branches
in the agricultural districts.
The value of t,,e rapidly-increasing commission business
to be transacted by the Albion Bank can be readily appre-
ciated by a knowledge that the method in which dealings are
,rried on at the Cattle Market consti utes the Bank the
depository of all the moneys passing from the buyer to the
produ er.
The Metropolitan Meat or Poultry Market in in Smithfield,
now in course of erection, is destined, by the terms of the
Act of Parliament, to combine and supersede all other mar-
kets for meat in the metropolis. To this market will be con-
centrated all transactions for the supply of butchers' meat.
poultry, and other produce to the inhabitants of the metro-
polis and a circle of 14 voiles round it.

The DirectorshaviWcOnfirmed the provisional agreenvnt
for the purchase of th r lucrative business of Messrs. Challis
and Son, the advantage of commencing upon an established
conneeti .n, under competent and experienced •• anwt-ement,
will be secured to ,hareholders froat the commencem, nt of
business, by which the dire tors are warranted in expecting
that they will be enabled to declare a dividend during the
first y ar.

Th- t the number of joint-stock banks may be advan-
t ,geously increased (more particularly under special cir-
cumstance , such as have led to the formation of the
Albion Bank), is demonstrated by the fact that, so late
as six years ago, when the number of joint-stock banks
in London was not more than six, their total deposits
did not exceed £2',000,000; while, now that the number
of these banks has been doubled, the joint deposits are
already more than trebled, amount ng to a total of £71.792,300.
The dividends of the older banks range from 15 to 30 per
cent., in accordance with the da es of their establishment :
and the premiums on their shares are from 2eo to 3, 0 p r
cent in a precisely similar ratio. The deposits and dividends
of the joint-stoca banks recently formed show a rapid pro-
gress towards identical results.
Should no allotment take place. the deposits will be re-
turned in full. Should a less number of shares be allotted
than are applied for, the deposit will be made available to-
wards the payment on allotment, and the balance, if any,
returned t ) the a plicant.
plication for shares may be addressed to the bankers.
brokers, or directors of the Company, and to the secretary at
the °films of the Company.

THE ALBION BANK (Limited).
The Directors have to announce that the PROVI-
SI, NAL AGREEMENT for trio PURPHASE of the Old-
estab,ished BANKING BUSINESS of Messrs. CHALLIS
and SON, together with their B ink Premises, No. 16. West
Smithfield, end Bank Buildings, Metropolit in Cattle M. rent,
has been CONFIRMED; and that Mr. Thomai M. Challis
flu active partner in the firm, will be the General Manager of
the Albion Bank (Limited).