The Sun.
London, England, 1863-05-18 00:00:00

'William
Patrick Andrew, Esq., Chairman of the Scind ,
Punjaub, and Delhi Railways.
Samuel Beale, Esq., t hairma.n of the Midland Rail-
Way.
__

i'dward Blount, Eeq. (Messrs. E. Blount and Co., Bankers,

ThCtmas Brassey, Esq., jun., 4, Great George-street, West-
Minster.
harles P. Devaux, Esq. (Mess's. C. Devaux and Co.)
Sir Stuart Aloxantler Donaldson, formerly Colonial Fecre-
tary of New South Wales.
James Thompson Mackenzie, Esq., Deputy-Chairman of
the Eastern Bengal Railway.
John Pramley-Moore, Esq., M.P., Liverpool.
11Tr. Alderman Satomons, M.P., Chairman of t' e London
and Westminster Bank.
Samuel Len Schuster, Esq. ( tres,rs. Schuster, Son, and Co.)
Charles Turner, Esq., M.P., Liverpool.
George Worms, Esq. (Messrs. G. and A. Worms.)
Wi S.LICITORS.
Westruinste-. tssrs. Baxter, Rose, ISt rton, and Co., G, Victoria-street,

BANKERS.
The London and Westminster Bank.
The Uni!,n Bank of London.
BROKERS.
Messrs. Joshua Hutchinson and Son.
Messrs. Laurence, Son, and Pc aree.
SECRETARY (i ro ttm).
J. L. Salver, Esq.
Temporary Offices, 62, King William-street, City.
PROSPECTUS.

London, May, 18s3.
'The foundation of institutions on the Continent which com-
bine large capital and credit for financial and industrial en-
terprise has now become an established fact, and in many
cases their success has been remarkable. Such institutions
may be abused, and become mere instruments of speculation ;
but when prudently conducted and directed towards leg,id-
mat? business it cannot be denied that they meet ( ne of the
real 'wants of the age.
inland has hitherto not participated in this movement,
and the consequence is, that Paris has to a considerable ex-
tent superseded London as the centre of financial enterprise.
London, nevertheless, affords by far the best sphere for a
Well managed undertaking of this description. it is the
greatest money market of the world ; the point to which all
foreign nations resort to raise capital ; the place where large
Contracts can be made and loans negotiated. There is clearly
no other money market where coneentr .tedeapit and credit
ought to command a more se ure or a larger profit.
England. also, in her Colonies, end above all in her vast In-
dian Empire, affords a field for legitimate enterprise, which
is unequalled by any other c ,untry. India, with a population
of 180,000,002, rapidly advancing in wealth and prosperity, re-
quires nothing more to accelerate its development than the
direction towards its territory of some portion of that vast
annual accumulation of English capital which seeks invest-
ment at a low rate of interest. To ally the demand of India
for capital at 10 or 12 per cent, with the English demand for
Investment at 4 or 5 per cent., of itself affords an ample
sphere for operations.
It is to meet these requisites that some gentlemen experi-
enced in financial and mercantile operations have associated
themselves together in order to form an English company,
in alliance with the following leading tanking houses and
capitalists of France, who are about to form a similar com-
pany in Paris, under the title of "Societe genersle p ur
favoriser le developpment de l'industrie et du commerce de la
France," the application for a concession being made by—
M. Archdeacon, Arden. Agent de Change.
hi Rartholony, President de la Cie. du Chemin de Fer de
Paris k Orleans.
MM. Bischoffshelm, Goldschmidt, and Cie., Banquiers h
Paris.
M. Edwd. Blount and Cie., Banquiers ft Paris.
. Cahen D'Anvers, Banquier ft Paris.
Davillier (Henri), President de la Chambre de Commerce
de Paris.
M. Deniers, President du Tribunal de Commerce de Paris.
M. Fere, Censeur de la Banque de France.
MM. Hentsch, Lutscher, and Cie , Banquiers ft Paris.
M. Leroux (Alfred), Depute au Corps Leo-Want M Lucy Sedillot, Ancien President du Tribunal de Com-
taerce ela Seine.
31irabaud, Paccard, and Cie, Banquiers h Paris.
Perier (Jh.), lUgent de la Banque de France.
M. Pinard du Comptoir d'Escompte de Paris.
Schneider, Vice-President du Corps Legislatif.
at. Simons, President de la Cie. des Chemins de Fer de
FOuest.
M. P. Talabot, Directeur des Chemins de Fer de Paris
Lyon, eta la Mediterrande.
A treaty has been signed with this party by which they
subscribe for 20,000 shares in this Company's present issue,
and the same number in case of a second issue, the Company
subscribing for 20,000 of their shares, and arrangements being
made bywhich the two Companies act as each other's agents,
and have the option of participating to a certain extent in
each Others operations.
The business will be to negotiate 'Loans and Concessions,
assist industrial enterprises, Public Works and Railway un-
dertakings ; negotiate Foreign, Indian, and Colonial Bonds :
conduct
lase Mercantile transactions ; and establish agencies for
e commission business •in a d, to a such
operations as an intelligent'and experienced Capundertake talistll might
effect on his own account with a capital of millions, with the
exception of such purely speculative transactions as are pro-
hibited by the Memorandum of Association.
'The credit and resources derived from a large subscribed capi-
tal could thus be employed in earning dividend with a com-
paratively smell paid- up capital. It is probable that not more
than 40 or 5o per rent would ever be called up on any shares,
a further issue being made whenever the increase of business
required it. No call will exceed £2 per share, or be made at
intervals of less than two months.
Instead of fixed salary, the Directors will receive no remu-
neration until the Shat eholders have a dividend of 5 per
cent, or upwards, and will then be paid by an allowance of
10 per cent. on the divisible profits of the year; and their
interests are further identified with the success of the Com-
pany by clauses in the Articles of Association, and by giv ng
them the privilege of taking a fifth of any further issue of
shares. Subject to this, and to the subscription of 20,0"0
shares in each New Series by the French party, all new
shares will be distributed pro rata among existing Share-
holders.
20,0 0 shares have been subscribed as above stated by the
French linty, and the remaining 105100 by private subscrip-
tion ; but arrangements have been mode for deducting I*, om
these subscriptions, so as to give the public the option of
tubscribino• for 35,000 shares.
Copies of the Memorandum and Articles of Association lie
for inspection at the Office of the Solicitors, Messrs. Baxter,
Rose. Norton, and Co., 6, Victoria-street, Westminster; and
at the Temr orary Offices of the Company.
Applications for shares may be made to the Directors, (2,
King William-street, City •; to Messrs. J. Hutchinson and
Son, 15, Ana el-r ourt ;cr to Messrs. Laurence, Son, and Pearce,
Auction Mart, Bartholomew-lane.
TIIE GENERAL CREDIT AND FINANCE COMPANY
OP LONDON (LIMITED).
FORM OF APPLICATION FOR SHARES.
To the Directors of the General Credit and Rnance Compary
of Lond n (Limited).
Gentlemen,—l request you to allot me Shares in th General Credit and Finance Company of London (Limited)
and I hereby agree to become a member of the Company, to
accept such Shares, or any less number that may be allotted
to me, and to pay the £2 per Share on allotment ; and 1 re-
quest you to place my name on the Register of Members in
respect of the shares allotted to me.
I am, Gentlemen, your obedient servant
Name in full ,
Address in full
Reference
Date