The Sun.
London, England, 1864-08-05 00:00:00

PENINSULAR, WEST IND lAN, and
SOUTHERN BANK (Limited).
Lapital, £2,000,000, in 20,,,U0 shares of 100 each, with
power to increase.
10,000 shares (£1,000,000) are already subscribed.
Deposit on application,allotment, 11 per share ;
£2 10s. to be pad at expiration of one month, and £2los.
at expiration of two menthe.
No further instalment or call at intervals less than three
months.
DfuEcrous.
W. Austin, Esq., Director of Metropolitan Railway,

nion.
M. G. Bayvet, Censeur of the Bank of France, Paris.
Geo. Brocklebank, E-q., Director of General Steam Navi-

gation Company, London.
31. C. Bureiu, Directeur Societe Generale d'Entreprises
Industrielles d'ltalie, Florence.
C. H. Bode, Etzq , Oldham, Lancashire.
James Bancks, Esq., Broxbourne, Harts, Chairman of the
Tamar and Caltington Railway.
M. S. Fecal, Banker, Florence. •
The Right Hon. Viscount Ingestre, M.P., Eaton-place,
London.
His-Excellency S. Louis Guilhou, Banker, Madrid.
S r W. Gore Ouseley, K.C.8., late 11. M. Minister Fleni-
potentihry, South America (Prov.)
Sir Edwin Pearson, F.P.S., Director London and Stafford-
shire Bank, Wimbledon.
M. B,ougement de Lowenberg, Banker, Paris and Berne.
(With power to add to their number.)
SOLICITORS.
London—Messrs. G. S, and H. Brandon, 15, Essex-street,
Strand, W.C.
and Bardswell,
Liverpool—Messrs, Littledale, Ridley,
BANNERS.
Bank of London, Threadneedle-street, E.C.
London, Birmingham, and Staffordshire Bank.
Buori..Eus.
London—Messrs. Robins and Barber, Threadneedle-street.
Liverpool—Messrs. Theakstone and Hargreaves,
Manchester,—F. A Fynney, Esq., Queen's Chambers.
AUDITORS.
Messrs. Johnstone, Cooper, Win,'le, and Co.
SECRETAR' (Pro tem)—B. P. Young, Eq.
Temporary Offices-34, Great St. Helen's, E.C.

PROSPECTUS.
linCile of limited liabilit in banki has been
most The
supccesb.tP es employed in the establishment ng
of Banks,
asm the following table of some cf the Companies recently
formed shows :

Amount Present Prcfit
paid. value. percent,
Alliance
Con.iolidated -
East L,ondon 5 .. 81 .. 70
Europeao
Imperial,. .
London and Drazilian
London and SoAth American 7 .. II .. 57
Merchant
Mercantile . 10 .. 20 .. 100

Metropolitan ... ... 20 .. 30 ..
The trade between this coetntry and the Northern States
and Nuts of South America hao been most successfully pro-
vided foe; one great want, however, has yet to be supplied
—there remain the trade o. 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 ;
and accordingly, the commercial statistics of the West
Indian Islands, which lie contiguous to the American coast,
show that a great portion of the trade (Atha Southern States
has been transferred to them. •
It is a fact that Havannah, St. Thomas, Nassau, Ber-
muda, and other ports, are now transacting the most ex•
tensive business ; their harbours are crowded with shipping,
and yet they are without any increased business acc inmu-
datioc, and in some cases do not possess any banking
facilities at all. For instance, Nassau and Bermuda
possess but one Bank, the operations of wilted are
very limited ; whilst the paucity of banking accommoda-
tion at Havannah and St. Thomas is well known ; and yet
the imports 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 are sold in the market
at premiums as remittances to this country. As compara-
tively 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 through which the most
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•
tags 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 Istands, it is fair 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 tf 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 influential continental societies, by
which the rank secures the co 'operation 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 Financial 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 bilis, 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 due 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.
FORM OF APPLICATION FOR SHARES.
(To be retained by 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 £1 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
6f £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
Data

4. A. -•
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