The Sun.
London, England, 1852-07-02 00:00:00

N°.18,652,]

ROYAL:A l, VSTRALIAN
BANKING- AND
GOLD IMPORTING COMPANY. • •
To be incorporatkd by. Royal Charter, with limited liability.
Capital. 250,0001., in 50.000 Shares of 5/. each. Deposit U. per
Share.
GOVERNOE.—JOHN MACGREGOR, Esq., M.P.
' DIRECTORS. ,

- ,
Thomas Aggs, Esq., 1, Bishepsgate-street, Withirf.
Willianallevan, Esq., Hyde House, Leominster.
George Cook, Esq., Wynyaw House, Fulham.
John Gardiner, Esq., 23, Norfolk-road, Regent's Park.
John MacGregor, Esp., 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.
BArmas--Messrs. Masterman and, Co.
o SOLICITORS—Messrs. Mullins and Paddison.
Bat:nags—Messrs. Field, Son, and Wood.
SEcaarAsSr=Percy Drummond, Esq.,
Offices-9, Moorgate-street, London.
The greatly increasing,-population, the commerce, the pastoral,
and agricultural richesAf the colonies of New South Wales and Vic-
toria, the great sucdess of, the banks already established in Sydney,
Melbourne, andpeelong, together with the extraordinary yield ,of
the gold mines of the.leedlonies, justly warrant the establishment of
a New AiTgtralidn'Bank, with branches in such towns-as may appear
expedient.
It has therefore been propose&to form a- new-banking association,
to be entitled the IloYal Australian Banking and . Gold Importing
Company, to be incdrporated dider a Royal Charter.
The capital is projosed to-be 250,000/., in 50,000 shares of 5/. each,
on which a deposit df t 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 agreed to by a majority at a general
meeting of`Shdrbholders, to be palled together for that purpose, 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 for 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, tauking by' discOunting ' bills, issuing,
notes under the provisions granted by,Charter, in Jproportion to the
paid-up capital, advancing money on •undoubted security, and also
on consignmOft of gold ore and refined gold to the Company in
London; and purchasing gold in the colonies of New, South Wales
and Victoria, together with the traniection of such other .business
as may be safely and legitimately conducted by a Mink. TO avoid
losses by fraud,qr neglect of Oa; the • managers; and persons ap-
pointed by thelßank, will have to 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 has been appliedlor, and is under the consideration of
the Board of Trade, and the Deed of Settlement will be completed
when the remaining shares are subscribed, and the deposit of it.
per share paid 40 the bankers. •
The combined advantages*of banking and gold purchasing are evi-
dent.

Firstly,—As a bank, an entirely,. new 11,1 d is preated by the im-
mense influx of population, which is, being continuously added to
by the daily increasing em`gration 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 dimsal, involving a
prop vionate increase of trading-operations and bankinr accommo-
dation. The shares of the banks already established. in Australia
are now at high premiums, in one instance (the Union Bankshares)
80 per cent.
Secondly,—By the purchase of gold in those colonies
at about 645. per ounce, with a market value here ofabbuYntaBObsan, bank'
profit is shown of nearly 25 per cent. ; and Iking
quantity of the precious metal, this business wouldoo .aaptptehaer enormous
quantity tion
i!
omuir limited, ,
bothwhile b they th
e recentwy oa cf4tiht sties of
Cape. a
ow: :t4
olullleianorracfresegHt.
se:aeepmnett-h,
meai,ppkroeorwtfit
aiatnst
jytoeonorns-f
Egypt, and shortly by way of Panama, _
the capital by enabling the Company. t°
of gold daring the year.
Such are the sound and practicaladvantages which are submitted
by the Directors to the public, and which they, will have the
greatest satisfaction, both as Directors and Shareholders, of
promptly cariOng into execatlon, in the full confidence that this
Company will prove one of the most secure and profitable invest-
ments of the day.
Applications fur spares and prospectuses to be made on or before
the 14th day of Jtily at the offices of the Company,,9, Moorgate-
street, or o, Messrs. Field, Son, and Wood, Warnford-court, Throg-
morton-streete3;vieMerslesesr:s,. rss..J R.
broker,
Bradley, and Walker, brokers,
and
Leeds T . R. . Healey,p Nightingale,broke rs,L ebrrporelr
33tirmr..mch.eler.
Wakefield; Mr. W. Mudie, jun., broker, Glasgow ; Mr. A. W. La-
bertouche, broker, 43, Fleet-street, Dublin ; Mr. Thomas Kell, broker.
Birmingham ; Mr: I. K. Thomas, broker, Bristol; .Messrs. Ilughson
and Dobson, brokers, Edinburgh: ; and Messrs. T. W. Flint and Co
brokers, Hull.