The Sun.
London, England, 1852-07-13 00:00:00

ROYAL AUSTRALIAN" BANKING . AND
GO4VMPaIiTING COMPANY.'
To be ineorporattett byilloyarthaher, with limited liability.
Capital' 250,000/., in: 50,000 Sirtres of. 5/.'eub. Deposit I. per
' • Share.:•
GovEalloa—JOklN MACGREGOR, Esq., M.P.
DIENTORO.
_ _ _

Aggs, Eal., 1, Bishepsgate-street, Within.
iam Bevan, Esq., Hyde Irouse, Leominsiter.
George Cook, Esq.-, Wynyh'w Ilbuse",'Fidhata.
John Gardiner, Esq., 23; Norfolk-road, Regent's Park.
Joh i MacGregor, Esq., 31.2., 1, Princes-tesrace, Hyde Park.
J. D. Hoare, Esq., Montague,stree#• Portman-sware.
George N. Paine, Esq., Westbourne-grove, °Bayswater.•
John Charles Stovin, Esq ;Acacia-read, St;John's Wood.
BANKaas-3lessrs. Masterman and Co.
Sotictroas—MesSr3: Mullins and Paddison.
BROKERS—Messrs:Field:Son, and Woe&
SECSETARY—Terey Druthmond, Esq.
Offices —9:Mborgate-street, London.
The greatly increasing population, the commerce, the pastoral,
and agricultural riches of the colonies of New South Wales and 'rte-
torte, the great success of theanks already established in Sydney,
Melbourne, and Geelong, together with the extraordinary yield of
tpe gold nOes.of theSvolpffies,justly. warrant the establishniente
(New Australian Bank, witlibrancheatn such towns as may appear
expedient.
Ithea therefore betn proposed to form a new banking association,
to tie'entitledithe'Reyal Australian Banking and' Gold Importing
Company, to be incorporated under a Royal Charter.
Thelcapital is proposed to be 250,009/., in 50,010 shares of 51. each,
on whlch a depositof IL each shall be paid, and no further tall to be
made until the Royal Charter shall have been obtained, and I,ot
then, except by a resolution agreed, to by a majority at a general
meeting-of Shareholders, h) be called together for that purpose, by
three regular advertbsements in the " Tithes," and three other Lon-
don daily newspapers. '
The object of the propo4ed Bank is to establish an office in Len-
don or the: purpop of regulating and directing the.general affairs
of :the Company. A Bank will. be established at Sydney, with
branches at Melbourne, and, if. expedient, • Geelong, and
other populous, towns.. The bank and the branches to carry on, the
ordiaary. • business of banking" by 'discounting • bills, issuing
notes under the provisions granted by Charter,' iu 'proportion to the
paid-up capithl, alvancing meney On undoubted security, and also
on consignment of gold ore ancLrefined gold to the Company in
London; and purchasing geld in_the colonies of New South Wales
and Victoria, together with`the transaction of such other business
.as,. be safe nd legitimately oondueted by 'a- Bank. To avoid
logges-tifin ' Wt4trafrotita,theitagesok.end all persona gt '
pointed by the Bank, will pave to give competent security in Engrand
fortheit fidelity and good cenduct.in those colonies. • •
A. great part of the above capital being already subscribed, the
Royal Charterhas been applied for, and is under consideration of
the Hoard of Trade, and the Deed of Satlemefit will 'be completed
when the remaining* shares are subscribed, and the deposit of 1/.
per sharelpaid Jo the bankers.
The combined advantages of banking and gold purchasing are evi-
dent. , .

Firstly,—As a bank, an entirely new field is created by the im-
mense inilas of population, ,which is ,being continuously added to
by the daily increasing einigratloii for' the main purpose of raising
gold, firi which,- the bank would 'affoid a convenient and secure
place of deposit, as well as a market for, its disposal, involving a
proportionate Increase of trading operdthns and banking accommo-
dation. --The shares of the banks already established
in Australia
die noW'aehigh'piemiums, in one instance (the Union Bank Shares)
80_per cent.

profit is shown of nearly 25
Secondly,—Bv the purchase of gold inthose colonies by a bank
at about 645. per ounce, with. a market . value here of about 80s , a
Per cent. ;. and looking at the enormous
quantity of the precious metal, this business would appear to be un-
limited, while the recent facsteam-packeties pf 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:liy enabling.the Compaby to make frequent importations
of gold during the year.
Sudh arethe'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 fall confidence that this
Company will prove one of the most secure add profitable invest-
ments of the day. - • •
Applications fur shares and prospectuses to be made on' or before
the 14th day of July at the offices of the Company, 9, Moorgate-
street, or of Messrs. Field,-Son, and Wood, Warnford-eourt,
ThroT-
morton-street; ,M;essrs. Johnstone, Brddley, and Walker, broker
Manchester ; Messrs. S.' R. and T. R. Healey, hrokers, Liverpool ;
Mr. M. B. Beverley,' broker, Leeds; Mr. P. Nightingale, broker,
Walfeeld ; Ua r. W. Mle, jun.,-broker, Glasgow ; Mr. A. W. La-
bertouche, brelgef, 43, Fleet-street,-Dphlin ; Mr. Thomas Kell,broker.
ru Birmieghn ; Mc, I. K. Thomas, broker, Bristol; Messrs. Hughson
and Dobson, brokers, Edinburgh ;.and Messrs. T. Fliat and Co
brokers, Hull; George Lancashire and Co., Huddersfield.