The Sun.
London, England, 1863-10-06 00:00:00

BORROWING POWERS.

As a means to mike the advances on the extended scale
contemplated, the Company will issue Debentures for fixed
periods, and bearing a fixed rate of interest, payable half-
yearly in this country ; and in ord r to give the holders of
such Debentures undoubted security, they will have a lien on
the entire property of the company, consisting first of the
whole of the estates held on mortgage, and much exceeding in
value the total of its liabilities ; ani secondly, of the as=ets
of the Company, in which its paid-up capital is invested, to-
gether with its large reserve of uncalled capital. The trans-
actions of the Company will be conducted free from all spe-
culation or purchase on their own account, and may be re-
garded as partaking of the nature of a Commission Agency
between the European, lender and the Indian borrower,
opening to the latter a command of capital limited only to
the value and security his estates afford.
PROFITS.
The refits of a ivell-conducted business of this description
in such a field for operations as India may be tested by a
comparison with the reiults realised by the French Credit
Foncier and other similar undertakings both abroad and at
home. The institution named is limited i y its statutes to
lend at 5 per cent. interest, and it has to pay more than 4 per
cent. interest on money raised on its Debentures ; the mar; in
of profit is, therefore, very small. Nevertheless, the Fr nch
Company pays h dividend or 16 per cent. per annum, carrying
a further sum equal to 7 per cent, to reserve. In India the
margin of profit between the rate at which the money is
borrowed and the rate at which it is lent will certainly
not be less than 3 per cent., so that each £1,0(0,000 borrowed
In England and loaned in India will give £30,000 a year
towards Dividend on the Share Capital, of which it is not
probable that more than £500,000 out of the £2,000,000 will
be called up.

MANAGEMENT IN INDIA.
Arrangements have been made with the above three lead-
ing firms to act as Agents in India, so as to enable the Com-
pany to commence business without unnecessary delay.
75,000 Shares have been subscribed for privately, and the
remaining 25,000 Shares are reserved for public subscription,
Copies of the Memorandum and Articles of Association lie
for inspection at the Office of the Solicitors. Mtssrs. Fresh-
fields and Newman, 5, Bank-buildings, Lothbury, and at the
Temporary Offices of the Company.
Applications to be made in the subjoined form to the Tem-
porary Offices of the Company, 69, Lombard-street ;or to the
Offices of the General Credit and Finance Company of Lon-
don (Limited), 90, Cannon-street.

FORM OF APPLICATION FOR SHARES.
No.
Gentlemen,—l request that you will allot me Shares
of £2O each In the capital of the Land Mortgaze Bank of India
(Limited), and I hereby agree to accept the said Shares,
or any smaller number that you may allot to me, and to pay
the deposit of £2 on each Share so allotted, and I agree to
become a member of the Company, and request you to place
my name on the Register of Shareholders in respect of the
Shares allotted to me.
I am, Gentlemen, your obedient servant,
Name in full
Address in full
Profession or Business . .
Reference
Date

A.D. 1720.
ROYAL EXCHANGE ASSURANCE
CORPORATION
(Established by Charter of his Majesty George the First)
FOR SEA, FIRE, LIFE, AND ANNUITIES.
Offices, Royal Exchange, London.
Branch Office, 29, Pall-mall.
OCTAVITIS WIGRAM, Esq., Governor.
GEORGE PEARRES BARCLAY, Esq., Sub-Governor.
Sir JORN HENRY PELLY, Bait, Deputy-Governor.
DIRECTORS.

Henry Bainbridge E Robert Baralav Fgq Esq.
John 0 arratt eatiley' , Esq. Hark Currie Close Esq
William Davidson', Es°.
Thomas Dent, Rsa.
Alexander Druce,,-Esq.
Fredk. Jos. Edlmann, Esq.
Riversdale W. Grenfell, Esq.
Fobt. Amadeus Heath, Esq.
Wm. Tetlow Hibbert, Esq.:
Jas. Stewart Hodgson, Esq. 4
Medical Referee, SAM

Wilmot Holland, Esq.
Earl of Leven and Melville.
Chas. Jno. Manning, Esq.
Henry Nelson, Esq.
The lion. Josceline W. Percy.
Charles Robinson, Esq.
Samuel Leo Schuster, Esq
Eric Carrington Smith, Esq..
William Soltau,
Joseph Somes, Esq., M.P.
William Wallace, Esc
Chas. Baring young, usq.
EL SOLLY, Esq., F.R.S.
NOTICE.— rhe usual fifteen days allowed for payment of
FIRE PREMIUMS falling due at Michaelmas will expire
on 11th October.
FIRE and LIFE ASSURANCES may be effected with this
Corporation on advantageous terms.
The Reversionary Bonus on British Life Policies has ave-
raged nearly 2 per cent, per annum on the sum assured.
Equivalent reductions have bee' made in the Premiums
ayable by persons who preferred that form of Bonus.
The divisions of Profit take place every Five years.
Any
Life. sum not exceeding £15,000 may be insured on one

This Corporation affords to the Assured—
Liberal participation in Profits—with exemption from
the liabilities of partnership.
A rate of Bonus equal to the average returns of Mutual
Societies—with the guarantee of a large invested Capital
Stock.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the ex-
perience of nearly a CENTURY AND A HALF.
rolioies SPECIAL NOTICE.
on the participating system, granted on or before
It.?.,aipt December, 18f33, and in force at
next
close of the year
4'55, will be entitled to share in the next division of profits

ROYAL EXCHANGE, LONDON.

ROBT. P. STEELE, Secretary.

IVYA.L FREE HOSPITAL, Gray's
-inn-road,
Ray
,reir
nus
the Immediate vicinity of the Great Northern Rai. _
mi, at

Patron—The QUEEN.
President—The Duke of BUCCLEUCII, E.G.
Treasurer—Edward Masterman, Esq.
This was the
and instant e first hospital to introduce the principle of free
nullity of
tutlon in its mostBll to the destitute sick, without the for-
' etters. It is entirely devoted to desti-
panied by ale"itiable form—YlZ., that which is accom-
....Less a
magnitude that, Iv' M disease, and is now of sufficient
capable of admittinztili adequate support, it may be rendered
thisn,to its wards a very large proportion of
the casual sick of
funds in order to have SOO metropolis. It requires but the
of available for the reception of
these the most wretchedmediouir fellow-creatures. Moreover,
it gratuitously affords
hpiatienta a week.
outpatients
and medicine to more,
on the average, than 3,000
The Weekly Board feel it t
EARNEST APPEAL to thee raT,Terative duty to make an
1 c for continued suppart,
to enable them to admit and rellieve the distressing. cases that
daily present themselves.
Contributions are received by the Treasurer, Edward
Masterman, Esq., Nicholas-lane; al
Co. ; Drummond and Co. ; Herrie:°e sd' Messrs. Coutts and
Co. ; Ransom and
Cu. ; Prescott, Grote, and Co.; Smith,l
aYne and Co.;Glyn
and Co. ; Jones Loyd and Co. ; Barclay and' r. ''
and Co. ; W illiams, Deacon, and . Co- over
Co. ; Nisbet and Co. ; Messrs. J. Barned a-Tad, Gurney, and
vo. ; Denison
and Co., Liverpool
and at the Hospital.
STANFORD B. snail Secretary.

CELEBRATION of the TERCENTENARY of
the BIRTH of SHAKSPE ARE, at Stratford-upon-
Avon. The Tercentenary Committee (of which Sir Robert
N. C. Hamilton, Bart., K.C.8., is Chairman) are now receiv-
ing SUBSCRIPTIONS, and they may also be paid to the
account of the Tercentenary Committee, at the Stourbridge
and Kidderminster or Warwick and Leamington Banks,
Stratford-upon-Avon ; Messrs. Greenway, Smith, and
Greenway, Warwick ; or their London agents, Messrs.
Smith, Payne, and Co., Messrs. Hanburys and Co., or Messrs.
Glyn and Co., bankers, London.
The Tercentenary Committee, in submitting the subscrip-
tion list to the nation, most earnestly appeal to the admirers
of Shakspeare for their aid and assistance. The Committee
rest their claims upon the ground that Stratford is not only
the birthplace of Shakspeare, but the centre of attraction to
all admirers of the great Poet's works, and that it was his
home, the town he loved, and where he lived and died.

P ss—Re or
Most Gracious Majesty ROYAL NATIONAL LIFE-BOAT
.Ga.l, l?su.lc
INSTITUTION
anoo
_A
Tnorm rp rated by Royal Charter).
rnEsIDENT—Vice-Adm
the Queen.
ii tlirß
e of Northumberland,
to state that, since
aYrialous Ilanebdeat CHAIRMAN—Thos. Raring, Esq., wr 1.
National Lifeboat
DEPUTY-CHAIRMAN—Thomas Chi,,,,--;.., r.n. s., V.P.
APPEAL. `---n' EN', RILLS., V.P.
The Committee of Management have
Institution
nhgasofextlpi eenydeeadr 1861,28,5 stoh eonßvo
she
be
Estab-
lishments on the Coasts of England, Scotland,
The number of lives saved by the Life-boats eland.
o
Society, and other means, since its formation, is ita,ne
tor which services 82 Gold Medals, 733 Silver MedalsT—ns 'd
£17,200 in cash have been paid in rewards. The Institn
tion has also expended £75,380 on Life-boats, Lifeboat
Transporting-cart iages, and Boat-houses.
The Committee desire to express their grateful sense of
the generous support which they have received from the
British public during the past few years, a support which
has enabled them to establish their present magnificent fleet
of 125 Lifeboats on the shores of the United Kingdom.
Deeply sensible, however, of the great responsibility that
rests on them to maintain their fleet in a thoroughly efficient
state, and ita Crews practised in the management of their
boats, whirh can only be effected by a large and permanent
annual income, they earnestly appeal to all classes of their
countrymen to aid them in upholding and perpetuating so
great and truly national a•work.
The Committee gratefully acknowledge the following con-
tributions :

s. d
[Ter Majesty the Queen annual 50 0 0
Campbell, the lion. Mrs. G. .. .. annual 5 0 0
Clerk, Colonel, R.A. • • • • .. annual 11 0
Coutts and Co. Messrs., Bankers .. annual 10 0 0
Currie, Wm., .. • • .. 41h don.lo 0 0
Eric, Lord Chief Justice .. don. 10 10 0
Panshawe, Vice-Admiral Sir A., .. 2d don. 25 0 0
Penwick, G. J., Esq., cost of a Lifeboat and 'Fran-
sportinp: Carriage 250 0 0
Harvey, Rev. G. G. and Mrs. .. don. 30 0
Martin, Sir Henry, Bart. 7th don. 10 0 0
Palmer, Sir Roundell, M.P., 11.M.'s Solici-
tor-General

annual 2 2 0

Royal Yacht Squadron annual 10 0 0
Steel, Michael, Esq. .. .. don. 100 0 0
Thomas, Lady, Weston-super-Mare, collected by her
Ladyship .. .• 16 16 0
Willoughby d'Eresby, Lord .. annual 5 0 0
Donations and Annual Subscriptions will be thankfully re-
,Tived by the Bankers of the Institution, Messrs. Willis,
Percival, and Co., 76, Lombard-street ; Messrs. Coutta and
Co., 59, Strand; Messrs. If erries, Farauhar, and Co., 16, St.
James's-street, London ; by ail the Collectors of Customs
and Bankers in the United Kingdom; and by the Secretary,
Richard Lewis. Esq., at the Office of the Institution,
Johrlitreet, Adelohf, London,