The Sun.
London, England, 1864-02-13 00:00:00

Temporary Offices—London Financial Association (Limited),

No. 1, Threadneedle-street.

The London Financial Association (Limited) invite sub-
scriptions for the Capital Stock of the British and Californian
Banking Company (Limited).
This Bank is established to supply those facilities which
the g. eat ant increasing trade of California imperatively re-
quires. It is remarkable than, while British capital has been
seeking investment in joint-stock banking operations in
every part or the world. California has been hitherto over-
looked. This omission has excited no little surprise on the
part of the merchants and traders of that State, and the esta-
blishment of this Bank will be eagerly hailed by them.
The following facts show how large a field of operations
will be open to this Institution. The yield of the gold fields
is above £8,000,000 per annum, and is steadily increasing.
Silver mines discovered about four years ago in the new ter-
ritor: of Nevada are now producing £200,000 sterling per
month. Great progress has been made in agriculture, and
instead of importing grain, as the gold colonies of Australia
do, California exports largely. The population of the State
exceeds 500,000, exclusive of the Chinese and Indians, and Is
on the increase.
The Great Pacific Railway, for uniting the Atlantic and
Pacific coasts, is now under construction. When completed,
it will take only six days to convey rassengers and goods
from New York to San Francisco, and the latter place will
then become an important depot for the trade to China,
Japan, and other parts of the East. For the purpose of com-
munication, California is already brought by telegraph
within ten days of Europe.
There is tri-monthly steam communication between Cali-
fornia and the Eastern States, and Europe, via Panama, and
bi-monthly between San Francisco and the British colonies
to the north. The direct trade between England and Cali-
fornia, and between the colonies and California, is rapidly
increasing; and a large proportion of the precious metals is
being sent to London instead of, as formerly, to New York.
he facilities for discounting commercial paper, and for
deposits, are at present very deficient, contrasting remarkably
with those in the Atlantic States, in India, China, Australia,
and other British possessions. The rate of discount ranges
from 1 to 2 per cent. per month, and the exchange business is
capable of great develor ment.
The business of the Bank will include advances on ship-
ments of gold, silver, and other produce of the country, the
purchase of bullion, the viscount of commercial bills, ad-
vances for a limited period on available securities and mer-
chandise, letters of credit, and all other usual banking
operations.
Applications for shares must be made in the subjoined
form, which may be obtained at the offices of the London
Financial Association (Limited), of the brokers, or of the
bankers.

FORM OF APPLICATION FOR SHARES.
To be retained by the Bankers.
To the Directors of the British and Californian Banking
Company (Limited).
Gentlemen,—having paid to your credit with the
sum of £ , I request you will allot me shares
in the above Company, which I agree to take, or any less
number that maybe allotted to me, to pay the calls that may
be made upon the same, and to become a member of the
Company.

Name in full
Usual signature
Profession or business
Address in full
Date