The Sun.
London, England, 1852-07-06 00:00:00

N°.18,655.]

LONDON

ROYAL AUSTRALIAN BANKING AND
GOLD IMPORTING COMPANY.
To bo incorporated by Royal Charter, with limited liability.
Capital 250,0001., in 50.000 Shares of 51. each. Deposit 11. per
Share.
GOVERNOR—JOHN MACGREGOR, Esq., M.P.
DIRECTORS.
Thomas Ages, Esq., 1, Bishops;,-ate-street, Within. '
William Bevan, Esq , Hyde House, Leominster.
G,orge Cook, Esq., Wynyaw House, Fulham.
John Gardiner, Esq., 23, Norfolk-road, Ilegent's Park.
Joh 1 MacGregor, Esq., M.P., 1, Princes-terrace, Hyde Park.
J. D. Hoare, Esq., Montague-street, Portman-square.
George N. Paine, Esq., Westbourne-grove, Bayswater.
John Charles Stovin, Esq , Acacia-road, St. John's Wood.
Baxxxits—Messrs. Masterman and CO.
SOT.ICIToRS —Messrs. muffins and Vaddison.
BaokEas— Messrs. Field, Son, and Wood.
SECRETARY—Percy Drummond, Esq.
Offices-9, Moorgate-street, London. •
The greatly increasing population, the comm-rce, the pastoral,
and agricultural riches of the colonies of New South Wales and Vic-
toria, the great success or the banks already established in 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 has therefore 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 250,0001., in 50,0 0 shares of 51. each,
on which a deposit of 1. 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 agree, to by a majority at a general
meeting of Shareholders, to be called together for that purao,e, by
three regular advertisements in the " Times," and three other Lon-
don daily newspapers
The object of the proposed Bank is to establish an office in Lon-
don tor the purpose of regulating and directing the general affairs
of the Company. A Bank will be established 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 business of ba ,king by discounting bibs, issuing
notes under the provisions granted by Charter, in proportion to the
paid-up capital, advancing money on un :oubted security, and also
on consignment of gold ore and refined gol i to the Company in
London; and pu-chasing told 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. To avoid
losses by fraud or neglect of duty, the m tnagers, and all peisons ap-
pointed by theißank, will have to give competent security in Englaad
for their fidelity and good conduct in those colonies.
A great part of the above capital being already subscribed, the
Royal Charter has been applied for, and is anderthe consideration of
the Board of Trade, and the Deed of Settlement will be ebpapleted
when the remaining shares are subscribed, .and the deposit of 1/.
per share paid to the bankers.
The combined advantages of banking and gold purehasinglirTetd--
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 deposit, as well as a market for its disposal, involving a
proportionate increase of trading operations and banking 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 ounce, 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 un-
limited, while the recent facilities of a regular steam-payket 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 are the sound and practical advantages which are submitted
by the Directors to the public, and which they will have the
greatest satisfaction, both as Directors and Shareholders, of
promptly carrying into execution, in the full confidence that this
Company will prove one of the most secure and profitable invest-
ments of the day.
Applications for shares and prospectuses to be made on or before
the 14th day of July at the offices of the Company, 9, Moorgate-
brokers, Liverpool
street, or on Messrs. Field, Son, and Wood, Warnford-court, Throe
Nightingale,broker.bivro. kLear:
morton-street; Messrs. Johnstone, Bradley, and Walker, brokers,
:veer=
msbu.rdonikee: ri,aunLrdi
.7Tbdrs Healey, R.
'.
.111 Iran;
jheilerp;
Birminghambe rtouchbr;o k,eirr,.4l3,KFleet-ostreet,bDroukbelin,
;IGlMrliasrsigooll'hw;°T;lessrs. liughson
Wakefield ; Mr- W.
and Dobson, brokers, Edinburgh ; and Messrs. T. W. Flint and Co ,
brokers, Hull.

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