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

LONDON

N°.18,655.]

ROYAL • AUSTR %MAN BANDING. AND
GOLD -IMPORTING CO'APANY.
to incorporated by Royal Charter, with limited liability.
Capital 250,000/., in 50,000 shares of 5/. each. Deposit 1/. per
Snare. - • t
GOVERNOR. —JOHN 31 EGO Esq., M.P.
DIRECTORS. '
Thomas ARzs, Esq , 1, Bisnepsg•ate-street, Within
•
Bevan, Ede; Hyde House, Leominster.
George Cook, Esq . WynvaW House, Fulham.
John Gardiner, Esq., 23, Norfo'k-road,,Regent's Park.
Joh t MacGregor, Esq., M.P., 1, Princes-terrace, Hyde Parkl
• '3% D. Hoare; Esq., Montague-street, Portman-square. '
George N. Paine; Edq., Westbourni-grove, fiayswater.
John Charles Stovin, Esq, Acacia.road;St.:John's Wood.
BA,NILERS —Messrs, Masterman and Co.
Smactroas7-3fessrs. Mullins and Paddison.
BuilicEas—llessrs;Field, Son; and Wood.
• SECRETARY—Percy Othinittoed,iEsq-
• - Offices-9. Moorgaterstreet. London.
The greatly increasing poptilation, the *commerce, the pastoral,
and agricultural riches ofthe colonies of New Sonth Wales and Vic-
toria,theigrcat soccessiot 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, wittibranches in such towns as may *pear
expedient.
It has therefore been proposed to form a new banking association,
to be entitled thli Royal Australian Bankiog and Gold Importing
Company, to be incorporated under a Royal Charter.- •
The capital is proposed to be 250,000/., In 0,0 0 shares of 5/. each,
on which a deposit of 1. each shall be paid; and no furtheecall to be
made .untll the Royal Charter. shall have been obtained, end not
then, except by a resolution agree, to by a majority at a general
meeting of Shareholders, to be called together for that poroole, by
three'regulai advertisements in the " Tiules," eta three.othe Lon,
don daily newspapers.
The object of the proposed Bank is to establish an'office in Lon-
don ior the purpose of regulatink 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 populons towns, The bank and the branches to carry oh the
ordinary business of ba 'king by discountint issuing
note under the provisions granted by Charter, in proportion to the
paid-up capital, ativancingl money on un lonbtel security, and also
on consignment of gold ore and refined goi,l to'-the -Compa'ny in
Lotidon; and pia'cliasing,rpid ?n, the colonies of New Spill }Vales
and Victoria, together with the transaction of such other hornless
as may be safely and legitimately conducted by a Bankt• • To 'avoid
losses by fraud orneglect.of duty, the, managers, and all persons ap-
pointed by thelitank, will have to give competent security in Erigiaad‘
for their fidelity and good conduct In those col Mies. •
•A treat part or the above" capital being 'already lsubseribcd„tho
Royal Charter.has been applied tbr,_and is trader 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
per share paid iirthe hankers. ' • • •
The combined advantages of banking and gold purchasing are evi-
'Amt. ;, ••' • • ' - • ' ,• • 1- •
Firstiy,•-•Ail-Sank. an 'entirely new 11 la is created by the im-
mense infiu t of population, which is being continuously added to
by the daily increasing emigration for the main purpose of raising
gold, for which the batik' 'would afford a convenient and secure
place of deposit. as well as a market for its disposal, involVin4
prop irtionate increase of tradliag operati as and benkin t accommo-
dation. The shares of the bank; already established in Australia
are now at high premiums, in one instance (the Union Bank Shar..s)
80 per cent.
Secondly,—By the purchase of gold in those colonies by a bank
at about 61s. 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 badness would appear to be nit-
limited, while the recent fact sties of a regular steam-pa ket inter-
course, both by the way of the Cape or Good Hope, by way of
will increase the profits on
tEhge.y
atp,
tat
al bsyh shortly
enabling
ent importations
of gold during the year. •
Suqh are the sound and practical advantages which are submitted
wt
haeyofPa CompanynPanama,
tat;
by the Directors to the public, and which they will have .he
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 fur shares and prospectuses to be made on or before
the 14th day of July at the offices of the C ,mpany,-9, Moorgate-
anLdeedT.sß; .slHre.alpey. ,Niklithigativebrokel:
street, or or Messrs. Field, Son, and Wood, Warnford-court, l'hrog
morton-stree.; Messrs. Johnstone, Bradley, and Walker, broker
brokers, Liverpool
Msfranr,cibeSter;
Wakefield; Sir. W. %incite, jun., br •ker, G!a•sgow
Beverley,3res rs"
. broker,R
; Mr A. w La.
bertouche, broker, 43, Fleet-street, Dublin ; 31r. I h
omatt K 11,broker..
Birmingham; •
Mr. I. K. Thomas, broker, Bristol; Messrs.lleghson
and Dobson, brokers, Edinburgh ; and M '-
brokers, Hull. essrs. T. W;Fliet and Co