The Sun.
London, England, 1863-10-10 00:00:00

THE ANGLO.AUSTRIAN BANK.-
To be constituted with Limited Liability, under a con-
cession from his Imperial Majesty the Emperor of Austria.
bated sth October, 1863.

Capital £2,000.'W0, or 20,000,000 florins.
To be divided into 10'0,000 Scrip Certificates of £2O or 200
florins each, upon whc/-1.£2 is to he paid on application and
£2 upon allotment, atit a C 11 of £2 within one month after
allotment. These Ce' tificates to be exchanged hereafter for
lia'tes to bearer of £2O or £5O each, as arranged with the
Austrian llovernfry as hereinafter stated. In such ex-
change One Certifii !ate will represent one £2O Share with .£6
paid thereon, oitt Five Certificates will represent two £5O
Shares with -paid thereon.

COUNCIL OF DIRECTORS.
K.H. Prince To o Sapieha, President of the Gallician Diet,
and Member of the Austrian Reichsrath.
Somerset A. -13 eaumont, Esq.,. M.P., London.
Baron Er g, et (Henikstem and Co.), Banker, Vienna.
G. G. Glyn, Um, M.P., Banker, London.
Count Eno' eite Kinsky, Member of the Austrian Reichsrath.
Charles K-ie,in, Esq., President of the Chamber of Commerce,
Vienna.
.Alexand el' Schroder, Esq. (A. and C. Schroder), Trieste.
Baron T Intl, Member of the Austrian Reichsrath.
S. Virin'te rstein, Esq., Member of the Austrian Reichsrath.
Count F,dmond Zichy, Vienna (President of the Vindibona
and. A nker Insurance Companies'.
Adalbm .t Zinner, Esq., Merchant Vienna.
BANKERS AND FOREIGN CORRESPONDENTS,
Augsburix-31, Paul Von Steffen.
Berlin—Messrs. Mendelssohn and Co.
Frankfort 0. M.—Messrs. Grnnelius and Co.
Munich—Messrs. Robert De Froelich and Co.
Paris—Messrs. Mallet Freres and Co.
Trieste—Messrs.k and G. Schroder.
TIAN-KERS AND FIN.AIsICIA.L AGENTS IN LONDON.
Messrs. Glyn, Mills,. and Co., 67, Lombard-street, E.C.

SOLICITORS.
31 Mits. Bircham, Dalrymple, Drake, and Ward, 46, Pali a-
m.ent-street, Westminster, S.W.
BROKER.
George E. Seymour, Esq., 38, Throg,morton-street, E.C.
GENERAL MANAGER IN LONDON.
Francis Breuer, Esq. (lately with Messrs. Fruhllng and
Goschen
Offices-- Vienna-5, Habsburger). Gasse.
London-10, Birchin-lane, Lombard-street, E.C,

PROSPECTUS.
The Corspany is formed under a direct concession granted
by the Insperial Government, for the purpose of promoting
and extending commercial and financial relations between
Austria and England. These relations are daily increasing
in importance under the influence of the ameliorated political
and fiac al system which has been definitively adopted by the
Austrian Administration and Legislature.
The Company will carry on the ordinary business of a Bank
of Dew sit, Discount, and Exchange, and all operations con-
nects d with Banking transactions and Financial Agency. The
head e,ffice will be inVienna, with branches at Trieste,Prague,
Brustr I, and other towns in the Austrian empire in which it
may 'oe found profitable from time to time to form establish-
ment ,s.
In England, the interests of the Bank will be represented,
an d. the business conducted by the English members of the
11 card, Mes‘rs. Glyn, Mills, and Co. being the Financial
..vents and Bankers of the Company.
The Directors point with satisfaction to their having se-
Cared the services of Mr. Francis Breuer as th it London Ma-
snager. Mr. Breuer's experience of German Commercial and
Financial business—acquired during 25 years' service with
*the firm of Messrs. Fruhling and Goschen—pecu'iarly qualify
him for the efficient performance of the important duties to
'Which he has been appointed.
The Concession has been obtained by the Directors, and
made over by them to the Company, without consideration or
other charge than the preliminary expenses, which will be
limited to the disbursements made, and are of small amount.
The Company has not been brought forward until, by care-
ful negotiation, it has been ascertained that its formation is
desired by the Austrian Executive, and that, besides the grant
of a 'direct concession, the Imperial Government will be pre-
pared to open an 'account current with the head effice of the
Ils.nk, and to employ the branche, of the institution in a va •
riety of ways, in. facilitating the revenue collections and other
operations of the Government, not overlooking- the import-
ance of the measures which are being constantly directed to
the complete re-establishment of the paper currency upon the
:soundest basis.
As some evidence of the satisfactory result of the negotia-
tions which have taken place the directors are authorised to
insert in this Prospectus the following extracts from a Minute
delivered to The Company by his Excellency M. Von Piener,
the Minister of Finance at Vienna, viz.:—
" Referring to the fact that one of the principal objects of
the establish ment of the proposed Anglo-Austrian Bank, is
to fa3ilitate operations in Austrian Securities, and having
regard also to the desire of the Imperial Government to aid
as far as stracticable in bringing, about a closer union between
the financial and commercial interests of Austria and England
than at '?r esent exists, the Imperial Government intends (so
far as it, •shoula appear to itself comvatible with the success
of their• financial measures—and with any legal direction
which may be specially prescribed in reference to any parti-
cular operation) to give to the Bank the opportunity of under-
taking such financial operations - whether the issue of loans,
placing of bonds or otherwise ; as the Government may de-
sire to street on the London mat ket.
"The Government also intends to open an account-current
with the Bank."
There cannot be any question as to the profitable nature of
the field for the operations of a banking establishment in
Au stria, conducted on sound principles.
'There are few recent changes Of more importance and in-
terest than the remarkable advance which Austria has made
during the last few years under the influence of its thoroughly
revised policy.
The harmony happily established between the Imperial
Government and the representatives of the different orders of
the State, as assembled in the Reichsrath, has removed most
of the impediments which formerly prevent( d Austria from
enjoying the benefits of its vast commercial and agricultural
resources. Supported by the free debates of the Parliament,
the Government has been enabled to enter with vi our upon
a fiscal policy founded upon tree-trade views ; and to apply,
In many directions, measures specially adapted to develope
the wealth and enterprise of the country. River steam navi-
gation has assumed large proms Lions. The extent of rail-
ways in orseration has increased from 1,7( 0 English miles in
1855 to n early 4,000 in the present year; and the railway
system I IAS been actually cnninTeted up to a point which
leaves fcsw of' the leading districts of the empire unsupplied.
Still me ire important has been the marked increase in the ac-
tivity et' private trade and in the ma,nitude of individual
enter rise; and that this altered state of things is solid and
real, ).is sufficiently attested by the great recovery of the Aus-
trian finances during the last two years. Under the measures
passed in 1F 62, the paper currency is in rapid process of re-
form--and since June of that year, the Exchange on Lon _ion
has isnproved from 140 to 110 in favour of Vienna. The rise
in the price of Austrian Government Stock, since the same
date, being equal, upon an average, to 22 per cent.
In the speech delivered by the Emperor, at the opening of
the Reich srath, in June last (1863), he was able to dwell pro-
minently on the improved aspect of affairs, and to state that
the finances of the empire have so rapidly improved daring
the Parliamentary recess that the Government will not now
require the twelve millions of fforins voted last year to cover
deficiences then anticipated.
Between 1851 and 1861 the export and import trade of
Austria may be said to have doubled ; but even at its present
amount of. say, 50 millions sterling, it is still very far below
the capabilities of the 40 millions of Austrian subjects, who
inhabit provinces extending to an area of 240,000 square
miles, in the most fertile and diversified parts of Southern
Europe.
When it is proposed, therefore, to extend to Austria the
appliances of Banking., according to sound English erinci-
pies, it is important to bear in mind that the new institution
ss not carried to a field already full or offering few advan-
tages, but is applied precisely under those circumstances
In which the success of Banks has been most conspicuous—
Viz., to a rich country, and an enterprising people entering
with every encouragement upon the development of their
skill and their resources.
In the statutes, as passed by the Imperial Government, the
capital is divided into Shares of £5O or 500 florins each ; but,
in consequence of representations made to the Directors, and
in order to render the Shares of the Bank more readily nego-
tiable in the principal money-markets of the Continent, the
Government has been solicited to authorise £2O as the de-
nomination of the Shares, and an assurance has been received
that such application will be granted.
To avoid delay in the establishment of the Bank, it has
been decided to issuee, the capital in Scrip Certificates of £2O
each, exchangeable hereafter (at a date to be announced. and
when £6 has been paid thereon) into Shares to bear as above
stated.
Under the revised Austrian Commercial Code, the payment
of £6 per £2O Scrip Certificate, equal to 30 per cent. of the
capital, will enable the Bank to commence business at once,
with the advantage of limited liability, and without further
demands upon its shareholders.
A Copy of the Concession and Statutes will be deposited at
the office of the Solicitors to the Company, 46, Parliament-
Theet Westminster.
Applications made in London for Scrip Certificates
should be addressed to the Directors in England at the Offices
of the Company ; but no application will be considered unless
accompanied by the receipt of' Messrs. Glyn, Mills, and'
Co.
for the deposit of £2 per Scrip Certificate on the number ap-
plied for.
This deposit will be returned in the event of the applicatio
ot being acceded to ; and. if an allotment be made, it will
ben. i
applied towards the full deposit of £4 per Scrip Certificate.
Forms of Application maybe obtained and will be received
at the Offices of the Bank in Vienna ; and is London at the
Offices, 10, Birchin-lane, Lombard. street, E.C. ,
October, 1863.
FORM OF APPLICATION FOR SCRIP CERTIFICATES.
To the Directors in England of the Anglo-Austriao, Bank.
Gentlemen,—Having paid to your credit, with Messrs.
Glyn, Mills, and Co., the sum of £ I hereby request
that you will allot me Scrip Certificates of £2O each
in the Anrflo-Austrian Bank, and I hereby agree to accept
such Scrip Certificates, or any smaller number that may be
allotted to me, upon the terms of the Prospectus, and to pay
the further deposit of £2 per Scrip Certificate upon the num-
ber allotted to me, at such time and in such manner as you
Inay appoint, _

I am, Gentlemen,
Name in full
Address in full

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