The Sun.
London, England, 1863-01-15 00:00:00

THE BRITISH AND FOREIGN MARINE
INSURANCE CO NEPA NY (Limited.)
Incorporated und,,r the Companies Act, 1862, which specially
limits the liability of each Shareholder to the aq.ount of
his Shares.

Capital, £1,000,000, in 50,000 Share's of £2O each.
With power to increase to £2,0 0,0,0
First Issue, 25,000 Shares.
Deposit, on Application, £1 per Share, and £1 on Allotment.

DIRECTORS.
Archibald Boyd, Director of the Union Bank of
London
Francis C. Braun, of Blessig, Braun, and Co Liverpool
Thomas Chilton, of Holderness and Chilton, Pre-
sident of the Chamber of Commerce
Francis Anderson Clint, of Clint and Co., Chair-
man of the Shipowners' Association .
Chas. B. Colchester, of Colchester and Woolner London.
William James Fernie, of Fernie Brothers and
Co Liverpool
Arthur Bower Forwood, of Leech, Harrison, and
Forwood Liverpool
Peter George Hepworth, of Heyworth, Pearce,
and Balman Liverpool.
Thomas Harrison, of Thomas Harrison and Co Liverpool.
Thomas Kendall, of Kendall Brothers Liverpool
Edward Lawrence, of E. Lawrence and Co . Liverpool
George Lyail, of I,yall, Still, and Co London.
Andrew Malcomson, of J. and D. 31 alcomson
and Co
Robert Maxwell, of A. F. and R. Maxwell Liverpool.
George M. Papayanni, of Panayanni Brothers Liverpool.
John Park, of Williams, Park, and Co Liverpool.
Chas. K. Prioleau, of Fraser, Trenholm, and Co Liverpool
John Ravenscrof t, of W. and J. Ravenscrolt and
Co.. Chairman of the North and South Wales
Bank
James Searight. of James Searight and Co London.
Samuel Stitt. of Sift.. Brothers and C
Thomas Wilkinson Tetley, of Hollinshead, Tet-
ley, and Co.
Thomas Stenhonse, Director of the Chartered
Mercantile Bank of India, &c,
Henry Trelfall Wilson, of H. T. Wilson and
Chambers
SOLICITORS.
Messrs. Fletcher and Hull, Liverpool.
Messrs. Flux and Argles, Mincing-lane, London.
BROKERS.
London—Messrs. Laurence, Son, and Pearce, Auction Mart,
E.C. •
Liverpool—Messrs, Thomas Tin ey and Sons.
Messrs. G. and T. Irvine.
BANKERS.
The Union Bank of London, London.
The Union Bank of Liverpool, Liverpool.
TEMPORARY OFFICES OF TAE COMPANY.
6, Cook-street, Liverpool
39, Lothbury, London, E.C.

Notwithstanding that several new Marine Insurance Com-
panies have been established within the last few years, it is
generally recognised that the means of effecting marine in-
surances are not sufficient to meet the increasing expansion
of trade, insurers being now driven to effect their insurances
in remote towns in the provinces, in Ireland and Scotland,
and on the Continents of Europe and America.
The actual pric, of shares in the existing Marine Insur-
ance Companies demonstrate clearly that the business is
highly remunerative.
Of th new Companies one only has been established in
Liverpool, and it has already secured a very large and lucra-
tive business.
More than half the exports and imports of the kingdom
pass through the port of Liverpool. and there is no doubt,
therefore, that another Company having its Chief Offices in
London and Liverpool will meet with ample support.
Linder these circumstances the British and Foreign Marine
Insurance Company has been established.
The business of the Company will be c ,nfined to the issu-
ing of policies on freight and goods only, and it is expressly
provi&d, as a fundamental element in the constitution of
this Company, that no insurance shall be effected on the ships
themselves.
The principle of limited liability, as applicable to insurance
companies, came into operation during the month of Novem-
ber last. The Directors, observing that in banking and other
important commercial enterprises limited liability has met
Iv a, universal favour, have adopted it as an unalterable
principle in the present undertaking.
The Directors, therefore, express the greatest confidence in
the success of this C ,mpany.
Such provision has been made by the Directors for the pre-
liminary exp.-uses as will secure the Company against pay-
ing any promotion money.
A copy of the articles of association lies at the offices of
the Company for inspection.
The prospectus and forms of applications for shares may be
obtained of the brokers of the ompany. Application for
shares to be addressed to the Directors ; but no application
will be considered unless a payment has been made to the
bankers of the Company of £1 per share, on the nu ',her of
shares applied for. This sum will be returned if no allot-
ment is made to the applicant.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
To the Directors of the British and Foreign Marine Insur-
ance Comr any (limited).
Gentlemen,—Haying paid to your bankers the sum of
, being a deposit of LI per share on shares
in the above Company. I hereby request that you will allot
Me that number, and I agree to become a member of the
Company in respect of such shares, or in respect of any le-s
number you may allot me, and to execute the Articles of As-
sociation, when required ; and I request that my name may,
be placed on the Register of Members for the shares so al-
lotted.

Name in full
Residence
Profession or Business
Date

THE BRITISH AND FOREIGN MARINE
INSU it NCE C )MPANY (Limited).
NOTICE IS HEREBY GIVEN, That no further APPLI-
CATIONS for SHARES in this undertaki.ig will be received
after Three o'clock on MO \ DAY next, the 19th inst.
By Order of the Board.
39, Lothbury, London, E.C., and
6, Cook-street, Liverpool,
13th January, 1883.

THE BRITISH anti AMERICAN EXCHANGE
BANKING CORPORATION (Limited).
Established under the Companies Act, 1882, with Limited
Liability.
Capital, £1,000,000 sterling, in 20,000 Shares of £5O each.
First Issue 10,000 Shares.
It is not intended to call un more than £l5 per hare.
With power to the Shareholders to increase the Capital.
Deposit, Xi per Share on application, and £1 per Share on
allotment.

DIRECTORS.
Archibald Boyd, Esq., Director of the Union
Bank of London London.
William James Fernie, Esq., of the firm of
Fertile Brothers and I .o.
James Gilchrist, Esq., of the firm of hilehrist,
Watt, and Co., of Sydney, Director of the
Union Bank of London London.
Rob. rt Gillespie, jun., Esq., or the firm of Gil-
lespies, Moffatt. and Co. London.
Henry George Gordon, Esq , Chairman of the
Oriental Bank orporation... London.
Harold Littledale, Esq., of the firm of T. and
H. Littledale and Co .... Liverpool.
William M. Neill, Esq., of the firm of Neill
Brothers and Co. Manchester.
Thomas Rees, Esq., of the firm of IL and T.
Woodward and Co
William Rennie, Esq., of the firm of Cavan,
Lubbock.
Stitt Esq and Co London.
Samuel Sti., of the firm of Stitt Brothers
and Co Liverpool.
BANKERS.
London—The Union Bank of London.
Liverp, of—The Bank of England.
Manchester—The Bank of England.
India and China—The Oriental Bank Corporation.
SOLICITORS.
London—Messrs. Cotterill and Sons.
Liverpool—Messrs. Fletcher and Hull.
BROKERS.
London--Sheppards, Pelly and Allcard, 98, Threadneedle-
street ; J. and J. Whitehead, 8, Moorgate-street.
Threadneedle-
Liver street
and Addison.

TxmronAßT OrmacEs.
6, Newman's-court, Cornhill, London.
Middleton Buildings, Bumf ord-street, Liverpool.

The British and American Exchange Banking Corporation
Limited; is formed for the purpose chiefly of dealing in Ex-
changes, a business which, excepting with British posses-
Mons, has hitherto been mainly in the hands of private firmn;
and it is well known that with many countries such banking
laciiilOlea have not been afforded to merchants and others as
the vastly extended commerce of the present day demands.
This is particularly the case in the trade between England
and America, and it is tiroposed that this Corporation shall
commence its operations by the establishment of an agency
in New York.
The profitable nature of exchange bn'iness is well known,
especially that with the American States, and although the
profit is at present greater than can be calculated upon in
ordinary years, there is generally a much larger margin than
is usually found remunerative by bankers. Thepurchase and
sale on commission of securities in New York and London,
the dealings in which amount annually to many millions
sterling, and the remittances of interest and dividends, will
afford other sources of profit.
The become
now general of atthing sof
lading to bills of exchange asver coy llateral security rendersbillex-
change operations more than usually safe, whilst the ship-
ment of gold involves scarcely any risk whatever.
The shipments of produce and specie from New York alone
for the past year have amounted to nearly forty millions
sterling, and the average of several years has not been
Much less. There is thus a very extended field for the ope-
rations of the Corporation, and the facilities which it will
afford, both in this country and America, must tend to pro-
mote, and still further to extend, the commercial and mone-
ta transactions between the two countries.
The same remarks are applicable to other places in which
the establishment of agencies is contemplated.
A large business is also anticipated betwixt America and
the ports in India and China, which will be carried out in co-
operation with the Oriental Bank Corporation.
The success of Joint-stock Banks dealing in Exchange ie
evidenced by the present quotations of the shares of the un-
dermentioned companies ; and it is somewhat remarkable
that the joint-stock principle has not yet been adopted in the
American trade, though presenting a wider field for its profit-
able operation than any other part of the world.

Paid-up Present Prices.
Bank of Australasia
New South Wales
CharteredA ust r a n
ULnonidlonotof Australia
25 .... 49 „ 51
Oriental
Agra and 'united swiss 25 .... 54 „ 55
Mercantile Bank of Indee 5°
•• • • 91
” 96
China ............ ia,London, and
Ottoman
Colonial
26
The Corporation will have offi . 41 „ 43
Liverpool. oes both in London and
The Corporation Is formed under " The Co p
1862," whereby the liability of the shareholdersm- antes' Act,
limited to the amount of their respective shares is strictly
No promotion money will be given for originating the 11-
dertaking, and the pi:ellminary expenses will be strictly 00'11:k-
-ilned to such as are ind lspensable.
Applications for shares may be addressed in the annexed
form to the Directors, or to the Brokers of the Corporation,
and copies of the prospectus may be obtained upon applied.
Itou to them, or to the Solicitors, or at the London and Liver-
Pool Offices of the Corporation.
FORM or APPLICATION FOR SRARE9.
No. To be retained by the Bankers.
To the Directors of the British and American Exchange
Banking Corporation (Limited).
sum of
Z Gentlemen,—Having paid to your bankers the
shares
la the being a depo.it of £1 per share on
above Corporation, I hereby request that you will
allot me that number, and I agree to become a member of the
,°l'Poration in respect of such shares, or in respect of any less
rnber you may allot me, and to execute the articles of asso-
.4llloll when required; and I request that my name may be
Placed On the register of members for the shares so allotted.
Name in full
Residence
Profession or business
Date

THE BRITISH AND AMERICAN
EXCHANGE BANKING CORPORATION
(Limited).
eNOTICE IS HEREBY GIVEN, That no further APPLI-
u ext, 1:ONS f SHARES will be received after SATURDAY
Ithe 17th inst
By Order of the Board.
ROBERT SLATER, JUN., Secretary pro tem.
6, Mman's-court, Cornhill, London. E.C.,
and Middleton-buildings, Liverpool,
14th January, 1863.

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