The Sun.
London, England, 1864-08-04 00:00:00

PROSPECTUS.

The principle of limited liability in banking, has been
most successfully employed in the establishment'of Banks,
as the following table of some cf the Companies recently
formed shows :

Amount Present Profit
paid. value. per c,tit,
Alliance
Consolidated
East London 5 .. 81 .. 70
European
Imperial 2O 41 .. 10 i
London and Brazilian
London and South American 7 11 .. 57
Merchant
Mercantile lO 20 .. 100
Metropolitan

The trade between this country and the Northern States
and parts of South America has been most successfully
remainpro-
o dat
io u , t he
an
tdr a
tdhee o
~,ntohr om NoNh- es s
tt r
ad o ladiesof stthi lel
suoquutihriennag
pro-
vided for; one great want, however, has yet to be supplied
—acctohneirrne
t o stimulusihoroaso tt o
he be t
rgaidvoe no f
to
the
States totally without provision.
The reduction in the duties on Sugar, and its present
cotton,high pr
ice,
must a ntheatend
and thus necessitate increased Banking facilities.
thlevegsito rhtdhie of
,e
It is true that the war has deranged and cramped the
business operations of the Southern States, but a trade of
such enormous extent could not possibly be suppressed;
and accordingly, the commercial statistics of the West
Indian Islands, which lie contiguous to the American coast,
show that a great portion of the trade of the Southern States
has been transferred to them.
It is a fact that Havannab, St, Thomas, Nassau, Ber-
muda, and other ports, are now transacting the most ex-
tensive business ; their harbours are crowded with shipping,
and yet they are without any increased business ace immo-
dation, and in some cases do not possess any banking
facilities at all. For instance, Nassau and Bermuda
possess but one Bank, the operations of which are
very limited; whilst the paucity of banking
accommoda-
tion at Revenants and St. Thomas is well known • and yet
the imports and exports of these ports to and 'from the
United Kingdom amount annually to about eight millions
sterling.
The Peninsular, West Indian, and Southern Bank
' • d) is formed chiefly for the ("Amitepurpose of supplying
this deficiency of banking accommodation.
It is proposed to commence business immediately at St.
Thomas, Bermuda, Nassau, and Liverpool, in which places
a very large and profitable business may be effected. In
Nassau alone great amounts in Bills are sold in the market
at premiums as remittances to this country. As compara-
tively no provision is made for this the Bank could not fail
to realise a great profit in Exchanges alone,
The commercial importance of the Isthmus of Panama to
our trade with Australia, New Zealand, California, &c.,
and the development to be given to the Northern States of
South America, have suggested the propriety of providing
in the Articles of Associationto
power to open branches or
agencies at Panama, Granada, Venezuela, Guayana, &c.,
should such appear to the Directors desirable.
Negociations are now pending throwsu.
which the most
powerful support is anticipated. in rho above places,
Whatever may be the duration of the present American
war, it must sooner or later end, h
whey immediate advan-
tage would be taken of peace to extend the Bank, with its
established machinery, into the Southern States, where,
with the connection already formed by it 9 operations in the
surrounding 'stands, it is fair to presume it would become
the Bank of the South; and when it is remembered that
the Southern States of America, in one article export alone,
gave employment to one-third of the manufacturingpopula-
tiers of England, it is impossible to overstate the prospects
of a Bank commencing business there with the advaltages
of a large capital and an already formed connection.
One of the principal objects of the Bank thus being the
ultimate establishment of Branches in the
, large cities and
towns of the Southern States, to provide banking accommo-
dation for the immense trade with Europe certain to follow
the termination of the war, powers are included in the
Articles of Association for the establishment of Agencies in
such of the capitals of Europe as may have close business
relations with America ; and arrangements have already
been concluded with influential continental societies, by
which the stank secures the co •operation of eminent capi-
talists in France, Italy, and the Mediterran -ean Penin-
sulas,
The operations of the
Bank will bo limited by the Articles
'
of Association to a legitimate Financia._ Business only, and
will consist of the negotiation of bills of excise's-ass
8 buying
or selling on different parts of Europe--receiving money on
deposit, discounting commercial tells, collecting bills,
advancing on such bills, or produce, and on other available
securities, and all other ordinary basking, financial, or ex-
change business.
The Directors retain the right of reserving 5,000 shares
for foreign or continental issue, should they detail
it desir.
able.
Early application for shares is requested, as a t grsm.s por-
tion of them have been already subscribed. Should a less
number of shares be allotted than applied for the balance of
deposit money will bo applied in part payment of the instal-
ment due on allotment.
Prospectuses and forms of applications for shar be
obtained t ',3 may e
obtained at the Bankers Brokers, and a the .
i ernporary
Offices of the Company, '34s Great St. Helen's, Bishopsgate-
street, B.C.
FORM or ArrLmsTfort FQR SHARES.
(To be retained by the Bankers.)
To the Directors of the Peninsular, ~),rest Indian, and

Gentlemen— Bid": y(oLuiLnr iteacini
H g er
p na
ers the sum of
Southern
£ , being a deposit of per Share on Shares
in the above Company, I hereby request that you will allot
me that number ; and I agree to accept the same or any
less number you may allot me, and to become a member of
the Company, and to pay to your bankers the further sum
of 11 per Share on allotment; and I authorise you to place
my name on the Register of Shareholders for the Shares so
allotted, and to forward, by post, to my address as below,
the certificate for any ehares which may be allotted to me
Name in full
Address
Occupation.
Date,,,,,.

11HE WELLINGTON THREE SHILLING
DINNER, consisting of Soup, Fish, Made Dish,
Joint, Sweet, &c., is served from 3 to 9 p.m.
The SALOON DINING ROOMS on the First Floor are
open for Luncheons at 1 o'clock. Dinners from the Join;
Set Dinners, and D nners from the carte, are served from
3 to 9 p.m. daily.
On SUNDAYS the Dining Rooms are open from 5 to 8.30
p.m.
By order of the London and Paris Hotel Co. (Limited\
JOHN CATES, Manager.
The Wellington—Entrance, 150, Piccadilly.
Ladies' Entrance, 53, St. James's-street