The Sun.
London, England, 1863-01-12 00:00:00

TEMPORARY OFFICES.
(I, Newman's-court, Cornhill, London.
Middleton Buildings, Rumf ;Td-street, Liverpool.
The British and American Exchange Banking Corporation
(Limited) is formed for the purpose chiefly of dealing in Ex-
changes, a business which, excepting with British posses-
sions, has hitherto been mainly in the hands of private firms;
\ sit
and 9 well known that with many countries such banking
faci s have not been afforded to merchants and others as
the N stly extended commerce of the present day demands.
This is particularly the case in the trade between England
and America, and it is , roi osed that this Corporation shall
commence its operations by the establishment of an agency
in Nf w York.
The profitable nature of exchange bu iness is well known,
espe3ially that with the American States, and although the
profit is at present greater than can be calculated upon in
ordinary years, there is general.y a much larger margin than
is usually found remunerative by bankers. The purchase and
sale on commission of securities in New York and London,
the dealings in which amount annually to many millions
sterling, and the remittances of interest and dividends, will
afford other sources of profit.
The practice now become very general of attaching bills of
lading to bills of exchange as collateral security, renders ex-
change operations more than usually safe, whilst the ship-
ment of gold involves scarcely any risk whatever.
The shipments of produce and specie from New York alone
for the past year have amounted to nearly forty millions
sterling, and the average of several years has not been
much less. There is thus a very extended field for the ope-
rations of the Corporation, and the facilities which it will
afford, both in this country and America, must tend to pro-
mote, and still further to extend, the commercial and mone-
tary transactions between the two countries.
The same remarks are applicable to other places in which
the establishment of agencies is contemplated.
A large business is also anticipated betwixt America and
the ports in India and China, which will be carried out in co-
operation with the Oriental Bank Corporation.
The success of Joint-stock Banks dealing in Exchange is
evidenced by the present quotations of the shares of the un-
dermentioned companies ; and it is somewhat remarkable
that the joint-stock principle has not yet been adopted in the
American trade, though presenting a wider field for its profit-
able operation than any otherpart of the world.

Paid-up Present Prices.
Bank of Australasia 4O .... (9 to 71
New South Wales 2O .... 49 „ 51
Union of Austral' L
London Chartered of Australia
Oriental
Agra and United Service
Mercantile Bank of India,London, and
China 25 .... 41 „ 53
Ottoman
Colonial 25 .... 41 „ 43
The Corporation will have offices both in London and
Liverpool.
The Corporation is formed under " The Companies' Act,
1462," whereby the liability of the shareholders is strictly
limited to the amount of their respective shares.
No promotion money will be given for originating the un-
dertaking, and the preliminary expenses will be strictly con-
fined to such as are indispensable.
Applications for shares may be addressed in the annexed
form to the Directors, or to the Brokers of the Corporation,
and copies of the prospectus may be obtained upon applica-
tion to them, or to the Solicitors, or at the London and Liver-
pool Offices of the Corporation.

FORM OF APPLICATION FOR SHARES.
No. To be retained by the Bankers.
To the Directors of the British and American Exchange
Banking Corporation (Limited).
Gentlemen,—Having paid to your bankers the sum of
£ being a depo,4it of £1 per share on shares
in the above Corporation, I hereby request that you will
allot me that number, and I agree to become a member of the
Corporation in respect of such shares, or in respect of any less
number you may allot me, and to execute the articles of asso-
ciation when required; and I request that my name may be
placed on the register of members for the shares so allotted.
Name in full
Residence
Profession or business ..
Date

THE CONTINENTAL BANK CORPO-
RATION (Limited).
To be Established under "The Companies'Act, 1862," where-
by the liability of each Shareholder is limited to the amount
of his Shares.
Capital £1,000,000, in 10,000 Shares of .£lOO each.
First issue, 5,000 Shares.
Deposit £1 per Share, with a furtherpayment of £2 per Share
on allotment.
It is not contemplated to call up more than £25 per Share,
and no Call shall exceed £5 per Share.

DIRECTORS. _
Paul Broe, ES Q., 41, Threadneedle-street, London.
William W. Carg,lll, Esq., Director of the Oriental Bank
Corporation.
James 3. Cumming, Esq., Messrs. Cumming, Beaver, and Co.,
London and Singapore.
Thomas H. Gladstone, Esq., Messrs. John Gladstone and
Co., White Lion-court, Cornhill.
Salomon H. Godefroi, Esq., Messrs. De Mattos and Godefroi,
Copthall-court
William J. Maxwell, Esq., Director of the National Pro-
vincial Bank of t ngland.
The Honourable Roden Noel, Chandos-street, Cavendish-
square.
Robert A. Routh, Esq., Deputy Chairm an of the English and
Australian Copper Company.
Vincent B. Tritton, Esq., Messrs. Kelson, Tritton, and Co.,
Old Broad-street.
Richard B. Wade, Esq., Director of the National Provincial
Bank of England.

BANKERS.
Messrs. Barclay, Bevan, Tritton, and Co., 519 Lombard-
street, E.C.
The National Provincial Bank of England at its various
Branches.
SOLICITORS.—Messrs. Wilkinson, Stevens, and Wilkinson,
N icholas- lane, E.C.
BROKERS.—Messrs. Milieus, Harrison, and Co 21,
Thread-
needle-street, E.C.
SECRETARY.—George cumming, Esq.
Temporary Offices.-90, Cannon-street, E.C.
The application of the joint-stock principle to Banking and
Exchanges, under the control and general management of
boards of directors in London, has proved so eminently suc-
cessful in the British colonies and dependencies, more parti-
cularly in the East and West Indies, that it is deemed expe-
dient to intro ',lice that system into the Continent of Europe,
with which our commercial intercourse is now so great as to
demand additional facilities and safety in support of our mu-
tual monetary transactions.
Banking on the English system, and with English capital,
has already been applied with success to foreign countries in
the instances of the Ottoman Bank as regards Turkey. and
the Bank of Egypt in Egypt, both conducted under Royal
Charters of Incorporation. Other companies have more re-
cently been established, with similar objects, under the
Limited Liability Act.
The Directors propose to take powers to apply for a special
Charter for this Bank.

In the limits of a prospectus it is impossible to enter into
full details, but official statistics are available to show the
increase in the totals of our imports and exports of merchan-
di,e with the principal countries of Central Europe, between
the years 185* and 1861, which may be briefly given thus:—
with France, from 17 to 35 millions ; with Germany, from 16
to 19 millions ; with Holland, from 13 to 18 millions ; with
Italy, from 5 to 9 millions ; and with Spain, from 5 to 8 mil-
lions sterling.
It may be useful to recall the fact, as stated by the Chan-
cellor of the Exchequer, "that the export trade between
England and France alone, which, before the recent Inter-
national Treaty, averaged, in the two years preceding the
Treaty, only £9,402,000 per annum, has, in the first year of
the Treaty, surpassed .£21,000,000"—an increase which alone
has made up for the temporary loss of the American market.
In a Bank like the present bullion operations form a neces-
sary and moat important feature, more particularly with
France, the yearly, average of our de dingy with which, in
gold and silver, is about 30 millions sterling ; the business
originating in these vast transactions has, hitherto, been en-
joyed by a few firms of known wealth.
The Continental Bank Corporation has for its object to
facilitate the commercial and financial business between the
United Kingdom and the European Continent, and to carry
out, on an extensive scale, operations in bullion and ex-
change ; and it is confidently anticipated that, by extending
to importers and exporters accommodation on an enlightened
and liberal scale, a large proportion of such business will be
secured to the present undertaking,.
The Head Office of the Bank will be in London, and the
first branch will be established in Paris, not only on account
of the magnitude of our dealings with that city, but because
it is a great financial centre, second only to London. Paris
takes from London the greater portion of the gold imported
into England, and furni,hes in return the bulk of our vast
demands of silver for the East.
mpreoAongtrrhroeaefsnrisgaborerfanthceheßsaonrkagmeanycijeusswnifl.yl.be established in other chief
cities of the Continent, at such times and in such order as the
spaerreiemnceatutorecodntodusecctutrheetlFieorseeznicepseopfagrtemntelnet-
business of E
Export Goid axneelhgl]
addition to ordinary banking operations, will
roved Bills of Exchange,lgveerA.g Cenotusp.onlst,lNvioltles,
Conduct
of
Thelnt,m ierpi
ccobshtruaaatsnsl
afneiaeedi
pis:nesx.t.
Undertake Foreign Financial Agencies.
Grant Drafts on its various Agencies, and issue Circular.
Notes.
Buy and Sell Foreign Stocks and Shares on Commission.
Applications for Shares must be made in the annexed
form, accompanied by a deposit of £1 per share. If no allot-
ment be made to the applicant, the depo-it will be returned
without deduction ; and if a lea number be allotted tha_
applied for the surplus will bo, placed towards the payment
on allotment.
Prospectuses and Forms of Applicationfr m f
for
Brokersaresma
be
obtained a. the Temporary Offices, and of
the Company.
FORM OF APPLICATION FOR SHARES.
To the Directors of the Continental Bank Corporation

(Limited).
Gentlemen,—Having paid the sum of as a deposit of
£ I per share on Shares in the Continental Bank Corpo-
ration (Limited), I request you will allot me that number of
Shares, and I hereby agree to accept the same, or any less
number which may be allotted to me ; and I agree to become
a member of the Company, subject to the Memorandum and
Articles of Association,

Name in full
Profession or Business
Address
Dated the day of 1863.
The above Form, when filled up, to be left with the bankers
on payment et the deposit,