The Sun.
London, England, 1864-03-17 00:00:00

DIRECTORS,

H. F. L. Astley, Eeq., (Messrs. Astley and Co.), Nicholas-
lane.
Thomas Dakin, Esq. (Alderman', Abehurch-lane.
Charles Ellis, Esq., Lloyds.
James Levick, Esq., K ng's Arms-yard.
Edward M: sterman, Esq. (Messrs. Masterman, Pe'ers, and
Co. , London.
Edward Warner, Esq., M.P.
F. G. Westmorland, Esq. (Messrs. Joyea and Co.), London.
The Right Hon. Jams Stuart Wortley.
BANKERS.
Messrs. Masterman, Peter and Co., London.
SOLICITORS

Messrs. Edwards and Co., Westminster.
Messrs. Newbon, Evans, and Co., 2s, Nicholas-lane.
Messrs. Hughes, Masterman, and Hughes, Bucklersbury.

BROKERS.

Messrs. Laurence, Son, and Pearce. Bartholomew-lane, E.C.
Messrs. Robins and Barber, Threadneedle-str.et.
AUDITORS.

S. Lowell Price, Esq., PuolL Accountant.s, Gresham-street.
Frederick Maynard, Esq., Public Accountant, 10, Bread-
street.
SECRETARY.
G. W. Benwell, Esq. ,
TEMPORARY OFFICES.
The Offices of the Mercantile Credit Association, Limited,2l,

Threadneedle-street.

Of all securities or property that can come ur. der the deno-
mination of " first-class, ' both 'or stability as well as in-
creasing: is value year by year, none can at all compare w.th
Freehold or long Leasenoid city of London Pe operty, espe-
cially that portion situated within a Ladies of 1,000 yards of
the Bank of England; this fact is so well known that the
greatest competition is excited when any property of ibis de-
scrlption is of, red in the market, and lar,e as the rise 1
valik; of such proverty has been ol.r'ng the last few ye ars, it
is admitted by all 4onvei sant with the subject that a still
greater 'nen ase must continue to take place, from toe )m-
-possibility of supplyin.x the suit ible antommodation re-
quired by joint-steck companies and commercial and p I ofes-
sio cl firms
The ty Offices Company, Limited, Nava agreed for the
purchase of the undermentioned sites of land, with the build-
ings thereon ; hich, for eligibility of situation and size of
each block, are such as can rarely be acquired—as the follow-
ing enumerat!, n will amply p.ove ; they are in five blo ks,
viz.: —A, B, C, D, and E.
Block A consists of the Freehold Premises, 25, 251, 26, 27,
in Clement's-lane, Lombwd-st eet, with No. 9, 10, and 11, !11l
Nag' Heed-court, a, d 3, 4, and 5, Church-court, the whole
forming a magnificent block of premises, with lights, and
entrances on three sides, and extending back t Gracechur..l-
- ; it has 65 feet frontage and 150 depth, and ontains
9,900 square superficial feet, and is the largest block so
near Lombard-street that. has been in tlx market lox. some
years.
3 tßlocic R const•ts of the well-known Levehold block of
new Offices, situ ited 29, Leadenhal -street, near.y op-
posite the Peninsular and Ori n a. Company's Glaze, and
extending back mo Lime-street-square ; it has been el enied
with n the ast three y.,ars, from the designs of John Which-
cord, E q., a-d contains 120 firs -class Offi.es, with Four
Shops, the who e iet to first-c ass 111ischanta and others;
it ha fire-proof corrid:rs and stone st ircases, ani possesses
the most modern i ~provements, including Telegraph Sta-
tion, Buffet, dEc., in ihebuildahr. The lease s for 9t ye ra, at a
ground-rent of £7OO per annum; it has a frontage of to feet,
and 170 feet in depth, and contains 1%04 square superficial.
feet.

'oeleC consists of the hindsome edifices ereetedwithin

the ast seven years, from d signs by John B •rnat, Esq.,
archit ct, for Messrs. John Sari and t.:ons, si versrni.hs, and
tuated 17 anu iK, Corehi I, directly opposi e the Bank of
Eng and, and alike for e egan, eof building as well as itua-
t:on erh ips the most desirab ein the oty. With a very
trifling outlay theta ,in accord ,nce wit.' the plans and designs
origin illy mute, will be converted in about thr,e wee s in o
'Offices, and • wo-thii ds of the building has a ready been let,
the ground floor and mez 'eine floor being rented by the
Credit Mobilier and Credit Fancier Companies. These Pre-
, mites are Leasehold fur 6) years, at a ground-rent of £6,0
per annum.
Blot, D consists of the new and substantial block of
Offices, erected within the last three years, and are built in
the most • übstani Le, manner. It contains fifty-five offices, be-
sides vaults, the whole, excepting four, being let, and offers
being made for thes.e. It is Freeho'd, has a frontage of 52
feet ana depth of 8) feet, and contains 4,150 superncisl square
feet, and is situated a: 6', Great Tower-street, near Marx-
e.
Block E is the largest block in the City; it is situated in
Biahopsgate-street, opposite St. Helen's-place, with a
thorou.:hf are to be got through to Old Broad-street, and in
the centre of the block adjoins Gresham House ; it contains
25, 00 square feet. It may be convenient to give an idea of
the size of this fine site of land, to say that it is more than
four times the size of the Auction Hart, lately sold, and when
covered will be among the largest add most conveniently ar-
ranged Offices in the City. This plot is Leasehold fur 99
years, at a ground rent of £4,000 per annum.
The price at which the City Offices Company (Limited) has
agreed for the purchase of the whole of the before enume-
rated five blocks is £:365,000, including all buildings thereon;
this price gives. after adding thereto the cost of purchasing
the freehold f the whole of the leasehold portions, and de-
ducting the value of the new buildings thereon, an average
price of only £9 per square foot. which, compared with the
prices paid for the three last properties within six weeks,
gives the following results, viz.:—
Tha Auction Mart (Freehold), containing an area of about
5,80 a square foot, cost £ti5,25 , which gives an average of £2O
per foot . _

- The Leasehold Premises, No. 80, Lombard-street, occupied
by the Colonial Insurance Company, containing only 1,080
feet, sold to a well-known Banker for £30,000, subject to a
ground-rent of £5OO per annum, for 61 years, which, &low-
ing as in former calculations for purchase of freehold, and
deducting the value of new buildings thereon, gives £37 per
square foot.

The Leasehold Premises in Finch-lane, lately occupied by
the London and Middlesex Bank, containing only 610 feet,
realised £10,0: 0,, and this subject to a ground-rent of XS io
per annum, which, allow,ng for purchase of freehold, and
deducting value of new building, gives about £3O per square
foot.

It will be seen, therefore, that if large profits can be rea-
lised, as they undoubtedly can be, on land costing .£4, £3
and £37 per foot respectively, the prospects and probable
profits of those acquired by Ws Company, costing only £9
per foot, will be evident at first sight ; if they were re-sold
at even the luwest of these three quotations, it would leave
the City Offices Company (Limited) a very large profit on the
cost.

The Company's plan of operations will consist in adapting
such of these premises as may be suitable, and erecting new
buildings on the remainder, the whole to be let off as Offices
suitable for Banks, large Companies, or Commercial and
erofesstonal Firms ; and from calculations made, based upon
moderate rentals, a return of from I 5 to 20 per cent. on the
outlay may be fairly relied on. The Company will also from
time to time acquire other properties, as the opportunities
present themselves, f..r the purpose of re-sale or otherwise.
By the issue of Debentu' es or otherwise, the paid-up Share
Capital will be kept at the lowest possible point.
It is believed that as an essentially Home Investment, one
so secure, and at the same time so remunerative, is rarely
brought to the notice of the publics, being wholly free from
the speculative character incidental to many joint-stock en-
terprises ; the model on which the business operations will
be conducted will be that of Gresham House Chambers, in
Old Broad-street, City Bank Chambers, Threadneedle-street,
and County Chambers, Lombard-street, the success of watch
is well known, the only difference being, that whilst those
properties are in the halm of a few capitalists, the proper-
ties acquired by this Company wAll be distributed over &large
body of Shareholders, which will thus put investors ofmode-
rate means in the same position to reap the advantages of
large returns on City property, which the magnitude of the
amounts required has hitherto made it impossible to any but
very wealthy men to undertake.
In the a lot rent of Shares, a proportion will be reserved
for applicants who are Shareholders in the Mercantile Credit
Association (Limited), and the Credit Fonoier (Limited) ; the
remainder will be distributed among the general public.
In the event of no allotment of Shares being made, the de-
posit will be returned in full. Should a less number of Shares
be allotted than are applied for, the deposit will be made
avahabie towards the payment due on allotment, and the
balance, if any, returned to the applicant.
Prospectuses and Forms of Application for Shares in the
form annexed may be obtained at the Temporary Offices of
the Company, at the Ofll:es of the Mercantile Credit Asso-
ciation (Limited), 21, Threadneedle-street; and the Credit
Fr
Eoonkceierrs,(sLoimuciitteodr)s, 8= LO, d osmeorbaertary.
d-ctreet ; also of the Bankers,

THE CITY OFFICES COMPANY (Limited).
FORM OF APPLICATION FOR SHAKES.
To be retained by tho Bankers.

To the Directors of the City Office Company (Limited).
Gentl men,—flavingpaid 0 your Bankers, Alessr . Master-
man, Peters, and Co., tue sum of £ , being a Deposit
of £1 per Share on Shares in the above Company,
I hereby request that you will a,lot me that, number, and
I agree to accept such Shares, or any less number you may
allot to me ; and I agree to pay the deposit on allotment, and
to sign the Articles of Association of the Company when re-
quired. ant I authorise you to insert my name ou the Regis-
ter of Members for tho number of Shares allotted to me.
U.n•t 1 Signature ••
Name i full
Residence ••
Profession
Date, ALTO, 186 i .... . If .• kt *), ..•

ROYAL ALHAMBRA.—
The New and Elegant BALLET DIVERTISEMENT
EVERY EVENING.

ATADAME TUSSAUD!S HISTORICAL
GALLERY; established 28 years at the Bazaar,
Baker-street

A fall-length model of VECTOR TOWNLEY is now
added to the Chamber of Physiognomy.
Admission, Is. ; extra rooms, 6d. Open from 11 till dusk,
and from 7 till 10.

ARGYLL n
Id
L. 0 0 S, Windmill-street,
IS OPEN EVERY EVENING.
During* the eveninz an
unparalleled repertoire of Dance
Music. Selections and Overtures, is performed by the cele-
brated Argyll Band, forty in number.
Doors Open at Half-past 8, commence at 9.
Admission ls.

Manager, M. GRENET.

44A, MADDOX-STREET, REGENT-STREET, W.
THE LONDON ANATOMICAL MUSEUM.
Open daily from 10 till 10 Where may be seen the
Asters; Bushman and Wife; Julia Pastrana and Infant;
Eng and Shang, the Siamese Twins ; and upwards of 3,000
Models. Natural Preparations, Vic, Egyptian Mummies,
unwrapped, 4,000. years old. Admission, One Shilling (tor
Gentlemen only).

MADAME RACHEL'S CIRCASSIAN
WASH and ALABASTER POWDER Beautiful
for ever.-47A, New Bond-street.

THE ORIGINAL
ROYAL BUCKINGHAM SAUCE,
for Roast Meat, Hashes, Gravies, Stews, Steaks, Soups,
Fish, Game, &a.
Prepared only by the proprietors, Tuos. BUCK and Co., 10,
Bath-place, Dalston, London, isr.E.

APERFECT STATE OF HEALTH may be
insured by the occasional nee of
PARR'S Lilt PILLS.
which may be had for a trifle of any Chemist. •

—The Patent Newly-invented
patronised by the majority of the
Nobility, including Viscount Palmerston. They afford extra-
ordinary redef to weak, dim, and detective vision.—S. and B
SOLOMONS, Opticians, 39, Albemarle street, Piccadilly.
PTElCntTedASCjiecEtaeSies are

I WIND F THIS SHOULD MEET THE EYE of any
one troubled with Wind in the s
of sterling merit.
tomach, indize stionS.
Their world-wide celebrity proves PILLS.
or
Biliousness, take PAGE WOO Deo°K'S
them
Of all medicine vendors at le, lka
poet for 14 or 33 stamps from ate D.
*ad 24. 9d. ; Or free by
Lincoln. Woodcock, Chemist

AND CO.
MEISecRuteS.COBIATISTS'IC4AB cen.lSl Ea throughout the
-temittanoes. London and
Westminster Bank. Post-office Orders payable at Camber-
-4 Man of the World" Wine
year._ Market price
Well-park. guaranteed. b
Park, London.
t oArdeds r, eGs se —0
George-street, eo
.TBTtre and
et,
Camberwell_.TAcxS o x,

THE EMBARRASSED in Town and Country
"THE PLAIN GUIDE TO BANK-
RUPTCY AND COISIPOSITIONs,,, showing what can be
legally done, and the exact cost. To be had gratis and post
should read
free of Mr. Wetherfield, Solicitor et tine Court, 25, Illoorgate-
street, Bank.
mission, without law ex-
peNnee. Bs. —De on corn

RI Z E MED A L. --INTERNATIONAL
p
EXHIBITION, 1862.
FRANCIS TUCKER dr CO., Wax Chandlers, dm, &C.,
To the Queen and the Painoe of Wales.
(Established 17204
The Jurors' Report on Wax and Church Candles, in 1862.
quality of Messrs. Tuckere
A distinguished Dignitary, in a letter addressed to Francis
Tucker and Co., on the subject of
nateastinufifeacs to he he excellence of the
says:
PLATTED WICKS,
7,,Ar XhaveCfAouNndptifemS with
folly equal to the recommendation
which you gave them, and can Sincerely, in my turn„l cOm-
mend them to the clergy or the use of the altar."
Finest quality, with Flatted Wicks, patented.. 2a, 2d. per lb.
Ordinary quality • • • • .• qs, ed. per lb.
VEGETABLE CANDLES, with a mixture of Wax.
Best quality .. • • • • .. &d. per lb.
Second quality • • • • ..• is. 3d. per lb.
Third quality .. • • • • •• Is. Id. per lb.
Carriage paid in London on Orders of Five Pounds in value.
FRANCIS TUCKER AND CO..
8, South Molton-street, Grosvenor-square, Manufactory—
., Kensington (Established 1730).
The large Establishment in England for the manufacture
Wal candles for the use of the Altar.