The Sun.
London, England, 1852-06-28 00:00:00

GOVERNOR—JOHN '7l, C.i.REGOR, Esq., 31,P.
DIRECTORS.
Thomas Aggs, Esq., 1, Bis,apsgaLe-street, Within,
William Bevan, Esq., Hyde House, Leominster.
George Cook, Esq., Wynyaw House, Fulhath.
John Gakdiner, Esq., 23, Norfolk-road, Regent's Park.
Johci MficGregor, Esq., M.P., 1, Princes-terrace, Hyde Park-.
J. D. Efoare, Esq., 1, Montague-street, Portman-square.
George N. Paine, Esq., Westbourne-grove, Bayswater.
John Charles Stovin, Esq , Acacia-road, St. John's Wood.
BAN KERS—Messrs,,Masterman and Co. ; the Royal British Bank.
SOLICITORS —Messrs. Mullins and Paddison. •
BROKERS—Messrs. Field, Son, and Wood.
BECRETABW—Perey Drummond, Esq.
Offices-9, Moorgate-street, London.
The greatly increasing population, the commerce, the pastoral,
and agricultural riches of the colonies of New South Wales and Vic-
toria, the great success of the banks already established iu Sydney,
Melbourne, and Geelong. together with the extraordinary yield of
the gold mines of these colonies, justly warrant the, establishment of
a New Australian Bank, with branches in such towns as may appear
expedient. •
It lass tnerefore been proposed to form a new banking association,
to be entitled the Royal Australian Banking and Gold Importing
Company, to be incorporated under a Royal Charter.
The capital is proposed to be 320,0001., in 50,0 0 shares of 51. each,
on which a deposit of 11. each shall be paid, and no further call to be
made until the Royal Charter shall have been obtained, and not
then, except by a resolution agreed to by a majority at a general,
meeting of Shareholders, to be called together for that purpose, by
three regular advertisements in the " Times," and three other Lon-
dondon daily newspapers.
The object of the proposed Bank is to establish an office in Len-
don for the purpose of regulating and directing the general affairs
of the Cianpany, by establishing a Bank at Sydney, with branches
at Melbourne, and, if expedient, at Geelong, and other populous
towns. The bank and the branches to carry on the ordinary busi-
ness of 'basking by discounting bills on approved security, issuing
notes under the provisions granted by Charter, in proportion to the
paid-up capital, advancing money on undoubted security, and also
on consignment of gold ore and refined goll to the Company in
London; and purchasing gold in the colonies of New South Wales
and Victoria, together with the transaction of such other business
as may be safely and legitimately conducted by a Bank ; but not to
engage in any mining operations, which the high rate ,of wages,
and the great temptation to fraud, involve such imminent risk as
to be considered unsafe and improper for a bank to undertake. To
avoid losses by fraud or neglect of duty, the manager, and all per-
sons appointed by the Bank, shall give competent security in England
for their fidelity and good conduct in those colonies.
A great part of the above capital being already subscribed, the
Royal Charter will, without delay, be applied for, the preliminaries
for which are already prepared, and the Deed of Settlement will be
completed when the remaining shares are subscribed,. and the de-,
Posit of 11. per share paid to the bankers.
The combined acWantages of banking and gold purchasing are evi-
dent.
Firstly,—As a bank, an entirely new field is created by the im-
mense influx of population., which is being continuously added to
by the daily increasing emigration for the main purpose of raising
gold, for which the bank would afford a convenient and secure
place of.tleposit, as well as a-market for ibratallelal; involving a
proportionate increase of trading operations and bankin; accommo-
dation. The shares of the banks already established in Australia
are now at high premiums, in one instance (the Union Bank Shares)
80 per cent.
Secondly,—By the purchase of gold in those colonies by a bank
at about 645. per oanee, with a market value here of about 80s , a
profit is shown of nearly 25 per cent. ; and looking at the enormous
quantity of the precious metal, this business would appear to be tin-
limited, while the recent facilities of a regular steam-packet inter-
course. both by the way of the Cape of Good Hope, by way of
Egypt; and shortly by way of Panama, will increase the profits on
the capital by enabling the Company to make frequent importations
of gold during the year.
Such axe the sound and practical advantages which are submitted
by the Directors to the ilublic, and which they will have the
greatest satisfaction, both as Directors and Shareholders, of
promptly carrying into execution, in the full confidence that this
Comp any will prove one of the most secure and profitable invest-
ments of the day.
Applications for shares and prospectuses to be made at the offices
of the Company, 9, Aloorgate-street, or of Mossrs• Field, Son, and
Wood, Warnford-court, Throgmorton-street.
Messrs. Johnstone, Bradley, and Walker, brokers, Manchester.
• Messrs. S. R. and T. R. Healey ............Liverpool.
Mr. M. B. Beverley
Leeds.
Mr. P. Nightingale
Mr. W. Mudie, jun „ Glasgow.
Mr. A. W. Labertonche, 43, Fleet-street „ Dublin.
Mr. Thomas Kell .... • • • • ...... „ Birmingham.
Mr. I. K. Thomas .. • •
Messrs. Hughson and Dobson „ Edinburgh.
Messrs. T. W. Filet and Co. •. • •
STATISTICAL AND OFFICIAL EXTRACTS.
The last official accounts state there have been already discovered
• 1,500 miles of gold region, extending over New South Wales and
Victoria, and the quantities of gold exported from those colonies
exceeds 2,000,0001.
In 1841 • the population of New South Wales was 149,669 ;
and In 1850, 165,503 ; thus nearly doubling in the nine years
preceding the gold discoveries. Therefore we may reasonably ex-
pect that it will be quadrupled within the next two years.