The Sun.
London, England, 1863-05-20 00:00:00

THE GENERAL CREDIT AND FINANCE
COMPANY OF LONDON (LIMITED).
To be Incorporated under the Companies Act, 1862. limiting
the liability of Shareholders to the amount subscribed.
First Capital ,V,500,001, in 125.001 Shares of £2O each.
With powe,* to increase by subsequent issues, to be decided
upon by special general meetings of shareholders.
Payment on allotment £2 per share.
DIRECTORS.
Chairman—SAMUEL LA t NG, Esq., ;ate Finance Minister
of India.
William Patrick Andrew, Esq., Chairman of the Scind',
*con.laub. and Delhi Railways.
Samuel Beale, Esq., M.P., e hairman of the Midland Rail-
Way .
Edward Blount, Esq. (Messrs. E. Blount and Co., Bankers,
Paris).
Thomas Brassey, Esq., jun., 4, Great George-street, West-
Minster.
charles P. Deyaux, Esq. (Messrs. C. DeVSUR and Co.)
Sir Stuart Alexander Donaldson, formerly Colonial Secre-
tary of New South Wales.
James Thompson Mackenzie, Esq., Deputy-Chairman of
the Eastern Bengal Railway.
John Bramley-Moore, Esq., M.P., Liverpool.
Mr Alderman Salomons, M,P., London.
Samuel Leo Schuster, FN. esors Schuster, Son,a
Charles Turner, Esq., M.P., Liverpool.
George Worms, Esq. (Messrs. G. and A. Worms.)
SOLICITORS.
Messrs. Baxter, Rose, Norton, and Co., 6, Vint
Westminste r.

-street,

BANKERS.
The London and Westminster Bank.
The UniDn Bank of London.
BROKERS.
Messrs. Joshua Hutchinson and Son.
Messrs. Laurence, Son, and Pearce.
SECRETARY (pro tern).
J. L. Sawer, Esq.
Temporary Offices, 62, King William-street, City.
PROSPECTUS.

Loay 13.
The foundation of institutions on the ConndontinentM whi
chcom-
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 legiti-
mat' husiness it cannot be denied that they meet one of the
real wants of the age.
England has hitherto not participated in this movement,
and the consequence is, that Paris has to a c ,nsiderable 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tent superseded London as the centre of financial enterprise.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 concentr .ted capit it and credit
ought to command a more se ure or a larger profit.
England also, in her Colonies, and above all in her vast In-
dian Empire, affords a field for legitimate enterprise, which
is unequalled by any other country. India, with a population
of 180,000,000, rapidly advancing in wealth and prosperity, re-
quires nothing more to accelerate its development than the
direction towards its territory of sonic portion or that vast
annual accumulation of Fnglish 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 generile noir
favoriser le developpment de l'industrie et du commerce de la
France," the application for a concession being made by—
M. Archdeacon, Ancien Agent de Change.
itartholony, Prisident de la Cie. du Chemin de Fer de
Paris h Orleans.
Bischoffshelm, Goldschmidt, and Cie., Banquiers
Paris.

MM. Edwd. Blount and Cie., Banquiers k Paris.
M. Callen D'Anvers, Ranquier h Paris.
M. Davillier (Henri), President de la Chambre de Commerce
de Paris.

M. Deniere, President du Tribunal de Commerce de Paris.
M. Fore, Censeur de la Banque de France.
MM. Hentsch, Lutscher, and Cie , Banquiers It Paris.
M. Leroux (Alfred), Depute au Corps Legislatif.
M. Lucy Sedillot, Ancien President du Tribunal de Com-
merce (le la Seine.
MM. Mirabaud, Paccard, and Cie , Banquiers h Paris.
M. Perier (Jh.), Regent de la Banque de France.
M. Pinard, du Comptoir d'Esoompte de Paris.
M. Schneider, Vice-President du Corps Legislatif.
M. Simone, President de la Cie. des Chemins de Fer de
l'Onest.
M. P. Talabot, Directeur des Chemins de Fer de Paris it,
Lyon, et ft la Mediterranee.
A treaty has been signed with this party by which they
subscribe for 20,000 shares in this Company's present issue,
and the game number in ease of a second issue, the Company
subscribingf or 20,000 of their shares, and arrangements being
made by which 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 enterprise-, Public Works and Railway un-
dertakings ; negotiate Foreign, Indian, and Colonial Bonds ;
conduct Mercantile transactions ; and establish agencies for
large commission business ; in a word, to undertake all such
operations as an intelligent and experienced Cap talist 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 f rom a large subscribed capi-
tal could thee be employed in earning dividend with a com-
paratively sm.ll paid-up capital. It is probable that not more
than 40 or 50 per cent 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 Shareholders 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 20,00
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 party, and the remaining 105,000 by private subscrip-
tion ; but arrangements have been mode for deducting from
these subscriptions, so as to give the public the option of
subscribinn• for 35000 shares.
Copies of the Memorandum and Articles of Association He
for inspection at the office of the Solicitors, Messrs. Baxter,
Rose. Norton, and Co., 6, Victoria-street, Westminster ; and
at the Temporary Offioes of the Company.
Applications for shares may be made to the Directors, ex,
King William-street, City ; to Messrs. J. Hutchinson and
Son, 15, Angel-court ; c r to Messrs. Laurence, Son, and Pearce,
Auction Mart, Bartholomew-lane.
TIIE GENERAL CREDIT AND FINANCE COMPANY
OF LONDON (LIMITED).
FORM OF APPLICATION FOR SIIARES.
To the Directors of the General Credit and Finance Compat y
of Load n (Limited).
Gentlemen,
—I reest ou to allot me Shares in the
General Credit and Finance Company of London (Limite);
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 en 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