The Sun.
London, England, 1864-09-12 00:00:00

DIRECTORS

The Right. Hon. JAMES STUART WORTLEY, Governor.
James Levick, Esq., Merchant, King's Arms-
yard, Dc.puty
James Nugent Daniell, Esq., Chairman of the Governors.
Alliance Bank (Limited),
James Childs, Esq., London.
Alexander Dunbar, Esq., Old Broad street, London.
Charles Ellis, Esq., Lloyd's.
Adolphe Hakim, Esq. (Messrs. Pinto, Hakim Brothers,
and Co.), London.
The Hon. T. C. Haliburton, M P., Chairman of the Canada
Agency Association, London.
Wm. Harrison, Esq. (Messrs. Young, Harrison, and
Bevan), Director of the Thamas and Mersey Insurance
Company.
Richard Stuart Lane, Esq. (Messrs. Lane, Hankey, and
Co.), London.
Charles E. Newbon, Esq., London.
Henry Pownall, Esq., J. P., Russell-square, London
Joseph Mackrill Smith, Esq. (J. Maokrill Smith and Co.),
Old Broad-street, London.
Edward Warner, Esq., M.P., London.
John Westmorland, Esq. (Director of the Royal Insurance

_
Company), London.
Albert Grant, Esq., Managing Director.
BANKERS.
The Agra and Masterman's Bank (Limited).
Messrs, Smith, Payne, and Smiths.
Tee Bank of London. _ _ _

The Alliance Bank (Limited), London, Liverpool, and

Manchester.
Tha National Bank, London, Dublin, and its Branches in

_
Ireland.
The National Bank of Scotland, Edinburgh, and ita

Branches in Scotland.
SOLICITORS.—Messrs. Newbon, Evans, and Co., Nicholas.

lane, E.C.
BROKERS.
Messrs. Laurence, Son, and Peace, Lothbury, B.C.
Messrs. Field, Son, and Wood, 9, Warnford-court, Throg-

_
morton-street, E.C.
Messrs. Robins and Barber, 29, Threadneedle-street, E.C.
Messrs. Horafall and Penny, I .
Messrs. Tod and Ashton, I Liverpool.
Messrs. Shore and Kirk Manchester.
SECRETARY (pro tem.)—Alfred Lowe, Esq.
Temporary Offices-80, Lombard-street, E.C.
PROSPECTUS.

This Company is an extension of the Credit Fender
(Limited) and of the Credit Mobilier (Limited), which
were established, the former for financial business in con-
nection with land, the latter for general financial opera-
tier s.
The unexampled success achieved by those companies,
whose reports, just published, show the amount of net pro-
fits, upon a paid-up capital amounting jointly to £lOO,OOO,
to be at the rate of upwards of 19.) per cent, per annum, and
who have each declared a dividend and bonus of £2 per
share on £5 paid for less than six ,nths' working, besides
carrying £40,000 to the reserve fued, and the enormous
accession of business of both companies render it absolutely
essential to increase the capital, and thus enlarge the basis
of their operations.
With this view it has been determinel to found the pre-
sent powerful institution, which will absorb the two com-
panies, and will take over the whole of their assets, includ-
ing their united reserve fund, amounting to £lO,OOO, and
will also of course assume their engagements, and the Di-
rectors believe that the increased means the issue of new
capital will place in their hands will enable them to effect
even greater results than have been already achieved.
The distribution of the shares will be made in the follow-
ing manner, by which it will be seen that a liberal propor-
tion has been appropriated for allotment amongst the general
public.
10,000 shares will be issued to the Shareholders of the
Credit Foncier (Limited) at par, in exchange for
the like number of shares, now held by them.
30,000 shares will (at their option) be allotted to the
Shareholders of the Credit Foncier (Limited)
(being at the rate of three new shares for each
share held in that company), which will be issued
as follows, viz, :—Two of such shares at a pre-
mium of £2 13s. 4d. per share, and for every two
shares su taken one additional share at par.
10,000 shares will be issued to the Shareholders of tha
Credit Mobilier (Limited) at par, in exchange for
the like number of shares in that Company now
held by them.
30,000 shares will be allotted (at their option) to the
Shareholders of the Credit Mobilier (Limited)
(being at the rate of three new shares for each
share held in that Company), which will be issued
as follows. viz , two of such shares at a premium
of £2 13s. 4d, per share, and for every two shares
so taken one additional share at par.
20,000 Shares will be issued to the public at a premium
of £2 13s. 4d. per share.

100,000
The total premiums on the abovementioned shares will
amount to £160,000, which, with the sum of £40,(,00, the
amount of the reserve funds of the Credit Foncier (Limited)
and of the Credit Mobilier (Limited), will be carried to the
reserve fund of the amalgamated Company, which will then
amount to £200,000.
Tne amount to be called up, viz , £5 pr share on the
shares issued at a premium, together with the £2 13s. 4d,
per share premium thereon, to be paid by the folio a ing in-
stalments :
On application, £1 per share to be carried to capital
account.
On allotment, £2 per share. of which £1 to be carried to
capital account and £1 to be carried to premium
account.
10th December, £1 13s. 4d. per share to be carried to
premium account
10th February, 1865, £1 108. per share to be carried to
capital account.
10th April, 1865, £1 lOs per share to be carried to capital
account.
The amount to be called up, viz., £5 per share on the
shares issued at par, to be paid as follows, viz.:
On application £1 per share; on allotment £1 per share ;
10th February, 1865, £1 10s. per share; 10th April,
1865, Ll 10s, per share, which will be carried to capital
account.
But as all the shares will participate in the next divi-
dend declared, pro rata. according to the amount paid up,
the valuable option has been reserved, enabling all allottees
to pay up the instalments immediately on allotment, or at
any time in advance of their being due, up to £5 per share.
The 1 otal amount of paid-up capital will be.isoo,ooJ, and
the reserve fund will amount to £200,000.
The following is a comparative statement of the esti-
mated value of the undermentioned shares as represented
by the current prices on the Stock Exchange, viz. :