The Sun.
London, England, 1864-08-04 00:00:00

PROSPECTUS.

The principle of limited liability in banking bag been
moat successfully employed in the establishment of Banks,
as the following table of some of the Companies recently
formed shows :

Amount Present Profit
paid. value. per cent,
Alliance
Consolidated
East London 5 .. 81 .. 70
European
Imperial
London and Brazilian . 4O .. 62 .. 55
London and South Ainziean 7 .. 11 .. 57
Merchant ..
Mercantile lO 20 .. 100
Metropolitan
The trade between this country and the Northern States
and parts of South Amorice has been most successfully pro-
vided for; 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 proxision.
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 wee 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 liepoetiguous to the American coast,
show that a great portion of the trade of the Southern states
has been transferred to tliem.
It is a fact that Havaenah, St. Thomas, Nassau, Ber-
muda, and other ports, are tow transacting the most ex•
tensive business ; their harbours are crowded with shipping,
and yet they are without any increased business acc ,mmo-
dation, and in some cases do not possess any banking
facilities at all. For instance, Nassau and Bermuda
possess but ono Bank, the operations of which are
very limited ; whilst the paucity of banking accommoda-
tionthe imports and exports of these ports to and from the
known ; and yet
sterling.
Indian, and Southern Bank
yiBtowaelblent eight millions
ut(hLniTi
this
adeietdet
(Limited)
idpexiaeevinnis
formeduocy oa mflhabraa:ni:
an d:covi:Sne
it :nt ag
nt tn
accommodation.ut:il:
Y for the purpose of supplying
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 compare-
oirata no
live*, no provision is made for this the Bank could not fail
to
c Exchangesf alone.
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,
The
elicse a
mgreeractiaptriomfipt
om
Venezuela Guayana, &c.,
should such appear to the Directors desirable.'
Negociations are now pending through which the moat
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-
tage 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 of 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 dank 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 t'inancial Business only, and
will consist of the negotiation of bills of exchange—buying
or selling on different parts of urope.....receiviag money on
deposit, discounting commercial bills, collecting bills,
advancing on such bills, or produce,_ and on other available
securities, and all other ordinary banking, financial, or ex-
change business.
re •
The Directors retain the right of serving 5,000 shares
for foreign or continental issue, should they deem it desir-
able.
for shares is requested, as groat Early application a 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 doe on allotment.
Prospectuses and forms
of applications for shares may be
obtained at the Bankers' Brokers, and at the Temporary
Offices of the CouipanYi 34, Great St. Helen's, Bishopsgate-
street, E.C.
FORM OF APPLICATION FOR SHARES.
urn be retained by the Bankers.)
To the Directors of the Peninsular, West ludiaa, and

THE BENEFACTOR OF THE SKIN.-
MOLLARD'S perfumed Toilet Sulphur Soap and
Cream, highly patronised by the faculty, nobility, and gentry.
Nothing- equals the properties and qualities of the Soap No.
1 for ordinary toilet purposes, and of Nos. 2 to 5 in all cases
of cutaneous affections or rheumatism.
Perfumed toilet cream, cold cream, and pomatura for the
hair.
Barege cream for sulphur baths, without any disagreeable
odour.
All these preparations may be had at the central depot,
221 A, Regent-street, London, W. ; and at Messrs. Newbery
and Sons, Barclay and Sons. Edwards, Keating, Sanger and
Son, Jozeaunetti, and all chemists. Pamphlets and test,-
montals free on a plication.
Agent for Edinburgh—Mr. John M`Ray, chemist, 119,
George-street.

OYAL FREE HOSPITAL, Gray's-inn-road,
11, in the immediate vicinity of the Great Northern Rail-
way Terminus, Ring's-cross.
Patron—Her Most Gracious Majesty the QUEEN.
Vice-Patron—His Royal Highness the Prince of WALE

President—llia Grace the Duke of BUCCLIIIJCII, li.G.
Trenurer—Edward Mastermn, Esq.

The numerous and urgent appeals of the sick poor for ad-
mission compel the Committee to entreat the bounty of the
affluent and humane, as the medical officers are daily obliged
ti treat as out-patients many distres4Kr, cases which. with
more adequate funds, they would gladly admit into the warns.
The premises of the Hospital are capable of containing 500
beds.

The Hospital is not endowed, but is wholly dependent on
voluntary contributions and legacies, which are received by
the Treasurer, Edward Mas,erman, Esq., Nicholas-lane; also
by Messrs. Coutts and Co. ; Drummond and Co. ; llerries and
Co. ; Ransom and Co. ; Prescott, Grote, and Co.; Smith,
Payne, and Co. ; Glyn and Co. ; Jones Loyd and Co. ; Barclay
and Co. ; Denison and Co. ; W lliams, Deacon, and Co.;
Overend, Gurney, and Co. ; Nisbet and Co., Berners-street ;
Masterman and Co. ; I. Earned and Co., Liverpool; and at
the Hospital, irom 10 till 5.
STANFORD S. SMITH Secretary.