The Sun.
London, England, 1864-04-09 00:00:00

DIRECTORS.
Yredk. Bigg, Esq., Sprint-mount, Champion-hill, S.
John Britten, Esq. (Messrs. Britten and Co.), London-wall,
London, E.C.
Lieut.-Gen. Carmichael, C. 8., liyndford House, Brompton,
S.W.
.„_}%. Edmonds, Esq., J.P., Berryfield, Bradford-on-Avon.
Marshall Hall, Esq., J.P., Barri.ter-at-Law, Blacklands-
yark, Caine, Wilts, and Temple, E.C.
, B, Phillips, Esq., Rawtel 'stall, near Manchester.
Thos. Early Smith, Esq. (Messrs. Early and Smith, Woollen
,_.]Nrerchants and Army Clothiers). London, N E.
Watts, Esq, Woollen Merchant, Leeds.

SOLICITORS.
Messrs, Parke and Pollock, 63, Lincoln's-inn-fields, W.C.,

London.
BROKERS.
Messrs. Froom Brothers, Change-ayes, Cornhill, London.

BANKERS.
The Alliance Bank (Limited), Lothbury, London.
The capital invested will be turned over at least four tides_
Year, so that a profit of 25 per cent. per annum may be safely
Ciliated on.
Prospectuses, forms of application, and every information,
C4ll be obtained at the offices of the Company, 28, Cornhill,
London.

THE WEST OF ENGLAND WOOLLEN
MANUFACTURING COMPANY (Limited).
„,110TICE.—No application for Shires will be received alter
atuIYDAT, the 11th inst.

By order,
R. BULGIN, Secretary.

London, 28, Cornhill, April 4, 1864.

THE INTERNATIONAL LAND CREDIT
COMPANY (Limited).

Capital Eight Millions, with power to increase.
First issue £6,000,000, in 300,000 Shares of £2O each, of
which 250,600 are subscribed for on the Continent, the re-
maining 50,000 being reserved for England. £1 deposit on
Application, Ll on Allotment.
There will be two Calls of £2 each during the present
year, after which it is not expected that further Calls will
be made,

DIRECTORS. ;
ENGLISH BOARD•

Chairman—GEOßGE WORMS, Esq., Director of the
General Credit and Finance Company of London
(Limited).
Sir Stuart Alexander Donaldson, Director of the General
'Credit and Finance Company of London (Limited).
Lord Robert Cecil, M.P.
Colonel the Hon. W. Patrick Talbot.
oh' James Emerson Tennent.

CONTINENTAL BOARD.
Adolphe Dechamps, Ministre d'Etat, Ancien
Ministre des Affaires Estrangeres, Membre
de la Chambre des Representants.
Pierre de Decker, Ancien Ministre de ' I nterieur,
Alembre de la Chambre des Representants.
'-orate d'Hane-Steenhuyse, Proorietaire.
Comte de Liedekerke-Beaufort, Membre de la
Chambre des Representants.
Andre Lan grand- D uroonceau, Prop ri taire.
clouard Mercier, Ministre d'Etat, Ancien
Ministre des Finances.
Alphonse Nothomb, Ancien Ministre de la
Justice, Membre de la Chambre des Repre-
sentants.
Marquis Theodule de nodes, Proprietaire.
Comte Adhemar du Val de Beaulieu, Proprie-
taire.
Comte Ignaco van der Straten-Ponthoz, Pro-
prietaire.
Ferdinand Schaefer, Directeur-en-Chef de la Banque de
Credit-Foncier et Industriel, Vienna.

Bruxelles,

BANKRS.
London—The General CreditE and Finance Company of
_ London (Limited).
Brussels—Banque de Credit-Foncier et Industriel.
Vienna—The Branch of La Banque de Credit •Foncier et
Ind uetriel.
Paris—The Branch of La Banque de Credit-Foncier et
Industriel.
Amsterdam—La Societe Generale de Commerce et d'ln-
dustrie
r
esth—The Hungarian Mortgage Bank.
SOLICTORS.
Messrs. Bevan and IV hitting.
Messrs. Baxter, Rose, Norton and Co.
BROKERS.
Messrs. Laurence, Son, and Pearce.
Messrs. J. and A. Scrimgeour.
OFFICES.
The General Credit and Finance Company of London
(Limited), 7 Lothbury.
SECRETARY, PRO TEM.
Edward Hamilton Anson, Esq.

PROSPECTUS.
This Company is based upon existing institutions on the
Continent, which have been already worked with signal
success.

The founders of the International Land Credit Company
have previously estab!ished--__

In Belgium, La Banque Hypothecaire Beige, and La
Banque de Credit Foncier et Industriel (the Belgian Mort-
gage Bank and the Bank of Industry and Land Credit).
In Holland, La Banqe Hypothecaire Neerlandaise (the
Netherlands Mortgage Bank).
In Austria, the Vindobona Mortgage Assurance Com-
pany.
They have all prospered. The success they have met
with is established by authentic documents. It may be
said, without exaggeration, that the results are brilliant ;
for these Companies have produced to their Shareholders an
average dividend of 20 per cent.2 and some of them much
More.
The experience acquired by the working of these Com-
panies has led to the conclusion that, in order to give full
development to the principles which have proved so suc-
cessful, it is desirable to found a Central Company of an
international character, the main functions of which should
be, to raise capital by the issue of bonds and " lettres de
gage" in the groat money markets of Europe, to be em-
ployed through associated local Companies in purchases of
land, or loans upon real property, in countries where the
rate of interest is high.
La Banque Hypothecaire Beige, acting on this prin-
ciple, and established nearly three years ago, has, with a
nominal capital of £480,000 only, succeeded placing on the
Belgian market alone such an amount of " lettres de gage
that its shares with £6 paid have risen to and maintained
themselves at £lB.
, The capital raised in Belgium at 4 and 4i per cent. has
been employed principally in Austria, through La Banque
de Credit Foncier et Industriel, which has a branchiat
Vienna completely organised, with a staff thoroughly
versed in Austrian affairs ; and it is shown by the books of
the Company that of all its operations of purchase and sale
In Austria, not one has realised less than 20 per cent., after
deducting all expenses, while generally they have reached
25 per cent.
Such being the result of Companies limited to the Bel-
gian money market for raising capital, it is evident that
still greater results may be obtained by forming an Inter-
national Company, with a share capital large enough to
facilitate the placing of bonds and" lettres de gage" on the
money markets of England, France, Holland, and Ger-
many, as well as of Belgium.
Accordingly, the present Company has been founded,
under the English Law of Limited Liability, and with an
Office and Oirection in London, as well as at Brussels; ar-
rangements have been made with the Banque Hypothecaire
Beige for a complete fusion, while a treaty has been con-
chided with the Banque de Credit-Foncier et Industriel,
which ensures the benefit of their experience, and a large
and profitable business from the commencement, a mini-
mum dividend of 11 per cent. on the paid-up Share Capital
being secured in any event, as the result of the first year's
working.
It is also proposed to enter into an arrangement with the
Vindobona. This Society, which has existed at Vienna
for five years, and has a capital of 10,000,000 florins, gua-
rantees the regular payment of interest upon mortgage-
debts, as well as the principal when due. By this means,
all the business done in Austria will be rendered perfectly
secure.
The Vindobona is in the most flourishing state. It has
paid the first year 6 per cent., the second 12 per cent., the
third 15 per cent., and at the next meeting it is expected it
will distribute 25 per cent. Particular attention is called to
this point. This guarantee is one of the features which
essentially distinguishes this Company from other Land-
Credit Companies.
Six pounds (£6) per share will be called in the course of
the present year, inclusive of the payment of £1 each on
application and allotment; after which, it is not expected
that any further Calls whatever will be made. The Share
Capital paid up will thus be £1,800,000; and the profit
secured for the first year under the above arrangements will
be still further increased as additional Capital is raised
from year to year by the issue of Bond and "lettres de
gage," and as the securities of the Company become natu-
ralised on the chief money-markets of Europe.
Of the amount of £6,000,000 Capital now issued, L 5,000
the
,000
in 250,000 Shares have been taken and paid upon on
Continent, and 50,000 Shares are reserved for England, of
which 15,000 are already subscribed, and 35,000 are offered
to the public by subscription at the General Credit and
Finance Company of London (Limited).
The Articles of Association of the Company, duly regis-
tered in London on 11th February last, under the Act of
1862, lie at the Offices of the Solicitors, where they may be
Perused.

FORM OF APPLICATION FOR SHARES.
To the Directors of the International Land Credit Company

(Limited).
Gentlemen,—Having paid into your Bankers the sum of
I request that you will allot me Shares
in the International Land Credit Company (Limited), and
I hereby agree to accept the same, or any less number that
may be allotted to me, and to pay the Calls in respect of
the Shares so allotted when due; and I authorise you to
Place my name on the Register of Members for the number
of Shares allotted.
I am, Gentlemen, your obedient servant,
Name in full
Profession or occupation
Address
Date

THE INTERNATIONAL LAND CREDIT
COMPANY (Limited).
NOTICE IS HEREBY GIVEN, that no further APPLI-
CATIONS for SHARES in this Company will be received
after MONDAY next, the 11th instant.
By order,
E. H. ANSON, Secretary (pro tem.)
General Credit and Finance Company,
7, Wilburn April 8,1861,