The Sun.
London, England, 1863-01-14 00:00:00

EMPORARY OFCES.
6, Newman's-c court, Cornh ill FI
, London.
Middleton Buildings, Rumford-street, Liverpool.
The British and American Exchange Banking Corporation
Limited) is formed for the purpose chiefly of dealing in Ex-
changes, a business which excepting with British posses-
sions, has hitherto been mainly in the hands of private firms;
and it is well known that with many countries such banking
facilities have not been afforded to merchants and others as
the
This vastly extended commerce of the present day demands.
Is Particularly the case in the trade between Englan
and Ame, and it is I.roi. osed that this Corporation shalld commence its operations by the establishment of an agency
hi Ni Iv York.
The profitable nature of exchange buAness is well known,
espe2ially that with the American States, and although the
Profit is at present greater than can be calculated upon in
ordinary years, there is generally a much larger margin than
is usually found remunerative by bankers. The purchase and
sale on commission of securities in New York and London,
the dealing's in which amount annually to many millions
sterling,r, and the remittances of interest and dividends, will
afford other sources of profit.
The practice now become very general of attaching bills of
lading to bills of exchange as collateral security, renders ex-
change operations more than usually safe, whilst the ship-
ment of gold involves scarcely any risk whatever.
The shipments of produce and specie from New York alone
for the past year have amounted to nearly forty millions
sterling, and the average of several years has
not been
Much less. There is thus a very extended field for the ope-
rations of the Corporation, and the facilities which it will
afford, both in this country and America, must tend to pro-
Mote, and still further to extend, the commercial and mone-
tary transactions between the two countries.
The same remarks are applicable to other places in which
the establishment of agencies is contemplated.
A. large business is also anticipated betwixt America and
the ports in India and China, which will be carried out in co-
operation with the Oriental Bank Corporation.
The success of Joint-stock Banks dealing in Exchange is
evidenced by the present quotations of the shares of the un-
dermentioned companies ; and it is somewhat remarkable
that the joint-stock principle has not yet been adopted in the
American trade, though presenting a wider field for its profit
able operation than any other part of the world.
Paid-up Present Prices. Bank of Australasia
40 .... (9 to 71
New South Wales 2O .... 49 ~ 51
Union of Australia
OriLondon Chartered of Australia
ental
Agra and United Service....
Mercantile Bank of India,Lo.ndo. .. and
OttomChina
Colonan .............. 20 .... 34 ~ 35
ial
The Corporation will have offices both in London and
Liverpool.
The Corporation is formed under " The Companies' Act,
1862," whereby the liability of the shareholders is strictly
limited to the amount of their respective shares.
No promotion money will be given for originating the un-
dertaking, and the preliminary expenses will be strictly con-
fined to such as arc indispensable.
Applications for shares may be addressed in the annexed
form to the Directors, or to the Brokers of the Corporation,
tiand copies of the prospectus may baetotbhteaLinoendduonpoanndappLilvicaer:
n to them, or to the Solicitors, or
pool Offices of the Corporation.
-

No FOll3l OF APPLICATION FOR SHARES.
T be y Bankers.
To the Directorso of theretained Bribtishthe and American Exchange
Banking Corporation (Limited).
Gentlemen,—Having paid to your bankers the sum of
beino• a deposit of £1 per share on shares
In the above 'Corporation I hereby request that you will
allot me that number, and 'I
ao•ree to become a member of the
Corporation in respect of suclishares, or in respect of any less
en
you may allot me, and to execute the articles of asso-
ta n when required ; and I request that my name may be
Placed on the register of members for the shares so allotted.
Name in full
Residence
Profession or business
Date

OS TEO EID ON!
What is it See Patent, March 1, 1862, No. 560.
GABRIL'S Self-adhesive Patent Indestructible MINE-
RAL TEE/BE and FLEXIBLE GUMS, without palates,
Springs, or wires, and without operation. One set lasts a
lifetime, and WARRANTED FOR MASTICATION and
ARTICULATI
cost. _ ON. Purest materials only, at half the usual

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27, HARLEY-STREET, CAVENDISH-SQUARE ;
34, LUDGATE-HILL, LONDON ;
65, NEW-STREET, BIRMINGHAM; and
134, DUKE-STREET, LIVERPOOL.
INTERNATIONAL EXHIBITION, CLAss 17.
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