The Sun.
London, England, 1863-05-11 00:00:00

THE IMPERIAL ROYAL PRIVILEGED
UNION DANK" OF AUSTRIA (Limited).
Capital, £2 000,000 sterling.
Bankers—Messrs. Masterma Peters, and Co., Nicholas-lane.
Solicitors—Messrs. Crowder, Maynard, Son, and Lawford.
Brokers—Messrs. Hit', Fawer,tt, and Hill.
PRELIMINARY STATEMENT.
1. The Government of his Imperial Majesty the Emperor
Austra, impressed with the importance ot extending to
that country the benefits of joint-stock banking, has granted
to his Excellency the Baron de Thierry a preliminary con-
cession for the establishment of a Bank, with branches
throughout the Empire, to be conducted on English banking
principles.
2. As an evidence of the wide field open for such an inst I-
tutirn, it may be stated that while England, with a popula-
tion of 30,000 000, has more th,n 1,500 joint-stock banks, in-
()aiding, branches, Austra. with a population of 30,000,000, has
only five banks, with a very limited number et branches.
3. The recent ac passed by the Aut trian legislature for
the resumption of cash payments on or before the let January,
1.67, is founded on principles identic,l with those governing
the Bank of England. This important financial reform,corr-
blued with the great pro;:ress recently made in the constitu-
tional government of Austria, must 'ace all
operations °a a sounder and more stablep basis. commercial
4. The vast agricultural and mineral resources of Austria,
which become daily more largely dev. loped by the railways
already existing, as well as by those in course of completion,
and which finda ready market in this country, require bank-
ing facilities co-extensive with commercial progress.
5. '1 he system of banking as known in Great Br'tain and
some of the Continental States is so little in use in Austria
that the ordinary practice amongst merchants and others is
to keep within their own hands their deposits of bill ion and
other securities and each of the Governmental Departments
is for the extent of its own funds its own banker.
0. It is anticipated that the commercial community will be
induced from the tacilities afforded them to deposit with this
establishment bullion and securities which they now retain
in their own cash-boxes ; and the communications which have
lisse(' with the Austrian Government justify the belief that
the "Imperia Royal Privileged Union Bank" willbecome the
bank rs for the several State Departments, his Excellency the
Minister of Finance having, in reply to the application made
for the prliminary concession, stated " I'hat the Government,
looking with satisfy Lion on the creation of an establishment
so beneficial, would afford it every r ossible assistance."
7. The statutes of the Bank, which have been submitted to
the Imperial Government, are formed on the established
principles of limited liability.
8. The subjoined letter lass been this day received from his
Excellency Baron de Thierry, Privy Councillor of his Imperial
Royal Majesty the Emperor of Austria :

"London, May 4, 1P63.
" have to acknowledge the receipt of the proof of fin•in-
Cial means required for the establishment of te Imperial
and Royal Privileged Union Bank of Austr.a (Lihmited) you
have this day given me for the ourpose of placing it in a lega-
lised form before the Government of his Majesty the Empe-
ror, my most gracLus Sovere gn.
"The condition pr. cedent to the approval of the statutes
having been thereby fulfilled, and the Government thus
Collided to apply for the sanction of his Imperial Majesty to
the definite concession authorising- the opening of the said
r ise
Imperial and Royal Privileged Union Bank,l44aseby autho-
you, in pursuanc, of authority granted to me in a letter
from the Imperial Finance Minister, his Excellency 11 err
von Plencr, dated Vienna, the Bth December, 1862, No. 4,802,
F.M , and in accordance with the law of November 26, 1852,
Art. 7, Lit. B, Art. 15, Lit. A. and Art. 17, to take the neces-
sary steps for securing the capital, and also to issue to the
public the prospectus which you hove this d iy submitted to
me, and in a Melt you hay • correctly stated that on the suc-
cessful establishment of the Bank the valuable privileged po-
sition for which application has been made to the;lmperial
Government may be expected to be conceded.
"YoSigned)ur obedient servant,
( RY.
A Prospequs, with an influentialA list of Direct rs,TFITER will" be
published in due course.
In the meantime a Subscription List is opened at the offices
of Messrs. Hill, Fawn tt, and Hill, 29, Threadneedle-street,
E. C.

p
L" (Limited).
ONDON BANK OF SCOTLAND
Incorporated under The Comanies' Act, 18M," which
specially limits the liability of each shareholder to the amount
of his shares.
Capital .£1,000,000, in 10,000 shares of £lOO each, with power
to increase.
2 per share.
Deposit on application, I per share ; payment on allotment,
X Calls ot exceeding; share, at vals of not less than n
t £shree months. It p iser not intendedinter-
to
call up more than £25 per share.
DIRECTORS.
W. W. CARGILL, Esq., Chairman (Director of the Oriental
Bank Corporation), Threadneedle-street, E.C.
Eugene Collins, Esq., Merchant, 9, Gracechurch-street, E.C.
E. P. de Colquhoun, Esq., Merchant (Consul-General for
J oh
Oldenburgh), 1, Lawrence Pountney-hill, Cannon-street.
n Elin, Esq. and Co.), Merchans, Director of
the London, Buenos Ayres, and River Plate tßank, 31, Ab-
church-lane, E C.
Captain Chas. W. Gordon, M.P., 26, Pall-mall, and Fyvie
(astle, Aberdeenshire.
Sir J. C. D. Hay, Bart., M.P., 44, St. James's place, London,
Wand Glenluce, Wigtownshire.
J. Marshall, Esq. (Wilson, Bowles, and Co., Merchants),
, Mincing--lane.
lion. William Napier ( itanaging• Director of the Lands Im-
provement Company), 2, Old Pal •ce-yard, Westminster.
Oppenhehn, Esq., Merchant, 150, Lcadenhall-street, and
Lloyd's.
11. Spicer, Esq. (Spicer Brothel s, Mercliants`, George-yard,
Lombard-street.
Alfred Wilson, Esq., Director of the Bank of London.
AUDITORS.
David Allardice, Esq., Commercial Bank of India.
Robert Fisher, Esq., Auditor of the Bombay and Baroda
Railway Company.
Henry Sherman, Esq. (Levicke and Sherman, Merchants), 9,
King's Armsyard.

BKERS.
The Bank of London.AN
Threadneedle-street, E.C.
SOLICITOS.
Messrs. Phillips and Son , R
Abchurch-lane. E.C.
Messrs. J. and W. Murdoch and Rodger, 48, West Nile.
street, GlaF gow.
BROKERS.
Messr?. Woolley and Coates, 28, Tokenhouse-yard, Lothbury,
E.C.
Messrs. Taunton and Co., Liverpool.
Robert M'Ewen, Esq., Dude-buildings, Exchange, Man-
chester.
Messrs. Black and Robson, Glasgow.
Messrs. Macallum and Sidey. 5, etinces-street, Edinburgh.
John Ferguson, Esq., Aberdeen.

SECRETARY.
Jame, Maurice, Esq.
Temporary Offices-4, Royal Exchan,;c-avenue, Royal Ex-
change, London.

ECTUS.
More than thirty years{ have elapsed since any leading Bank
has been established in Scotland; and when the following
circumstances are considered, viz., the extraordinary develop •
went during this interval of the resources of the country; thy'
extension of steam and railway communication ; the improved
cultivation and value of the land ; the almost wonderful
growth of some of the chief cities and towns, in population,
wealth, and enterprise; and the fact that millions pass an-
nually between Scotland and the commercial Metropolis of
the World ; coupled with the universally admitted deficiency
of direct banking accommodation between both countries ;
it will be seen that the present is a peculiarly favourable op-
ortunity for successfully introdu ing the London Bank of
Scotland (L mited), and securing it an extensive and profit
able bu-iness.
All financial operations between Scotland and London are
transacted through Agencies at considerable expense, time,
and trouble, by far the largest proportion both of the Inland
Dille in c rculation in the country, and alto the Foreign Bills
drawn upon Great Britain being made payable in London,
the grand focus to which the pecuniary transactions of the
Empire are ultimately brought to be adjusted.
This Company will be enabled to offer very considerable
advantages to the public, in the uniform and more economical
charge for the collection, transmission, and liquidation of
bills, money, exchanges, and other business transactions
betvvt en Scotland and London. The remarkable success
attendant upon banking institutions connected with this
country, whether for Ireland, the Continent, or the Colonies,
proves that an establishment in London facilitates business,
whilst large profits are secured. Nene of the existing Scotch
Barks possess this advantage; and the Londcn Bank of
Snotbind is established to meet so great a monetary deaf
deratum.
As corroborative of the necessity which exists for extended
banking facilities, it may be also stated, that dating the
above-mentioned period the external trade of the country
has more than trebled itself. The returns published by the
Board of Trade show that the exports in the year 1831
amounted to £32,000,000, while in 18a) they reached
,E1q5,812,8 7 ; and that the aggregate value of the imports in
the year 1854 (when first ascertained) was .£152,389,0 )3, which
in 1859 amounted to £179,18235,.
The home trade during the oorresponding period developed
itself to an extent which it'is almost impossible to compute
Regarding these consider tions, and the still rapidly-
expanding commercial relations between Edinburgh, Glas-
gow, Aberdeen, Dundee, Perth, Inverness, Paisley, Stirling,
and other important pla'es in Scotland, with London, it has
been decided in constituting, thisßank to take powers to omen
Branches, as circumstances may warrant, in the above cities
and towns, commencing first in Edinburgh and Glasgow,
with a Head Office in London.
The administrat on of the London Bank of Scotland and
its Branches will be superintended by men of sound practi-
cal, 'commercial, and financial knowledge, whose position
and antecedents will be a sure guarantee of the careful and
wise management adopted throughout all the details of this
Bank.
The following statement s leading Joint-Stock Banks
the steady and rapid growth
success which these institute

hews the present pos:tion of the
n Scotland ; and while marked
tons business, indi ates the marked
lons have attained, vi;

.........,-. nave attained, viz.:—
ti
a
g'
.0 43 t
A g 0.
.0 et • 6 0 '0
'".
..I 2.°
,), 0 . a
Name. . C
.1% 73 , Capital. ''' P-
a 43)
41 44,1-, V
a Itj -1.14 ..
'i ic, .. .c E
__, _ 8•4 X
_
x xz , x . Comm.rei al Rank of! i
Scotland llBlO 800,000 100 217 10 147 10 10
Nations; Bank of Scot-1
land 182 i 1,000,000 100 214 0114 0 9
Union Bank of Scot-I
I i land
British Linen Corn-'
I i
pany 11746 1,000,000 'lOO 227 0 127 0 9
Bank of Scotland .... .
Royal flank of Scot-I
land .... ...
P-
r.ovincial
.. . 1727 2
National ,000 01 ,000 1001160 60 0 7
] I
Bank of Engl‘nd —.11833 720,000 42 121 0 300 0 18
P. ovincial Bank of Ire-1
land .
Asa productive Investtnent, nothing has eviTi-eri. tin
Limited employed in Joint-stook Banks ; and under tin
Limited Liability Aot, the sharPhoider obtain. ..
41 et a 1,.-.1.f.,^1. inanylv r...... •1- - •

As a productive Inveatratent.nothi. , has ever -----q
allie.dtte
capital employed in Joint-stook Banks ,• ande IL
Limited Liability Aot, the shareholder obtains at thee samete
time a perfect security for the limitation of hie risk The
,)e the shares in the London Joint-stock Banks
dividends up
range up to 24 per cent , while those upon Colonial Banks
vary from 10 to 30 per cent per annum: the stock in all cases
being at a high premium, ranging from 80 to 300 per cent.
Official Auditors will be nominated to audit the accounts in
ace -irdance with the Act of Parliament, and the i iireetors
will publish their accounts of the Finances and business
operations of the Rank, at stated periods.
Oat of the profits annually a sum will be placed apart to
Meet contingencies, and it is stipulated in the Articles of
Association that no disidend shall be paid exceeding 9 per
cent. per annum, until this sum reaches .£lOO,OO ), or such
Other sum as may be hereafter deemed expedient; it is also
IrXulated therein, that no advancesspecu shall be made on mines,
„hl,nery, or doubtful or tive se, nor uon
iiiitue:BB of security not easily negla otiated,c or ofurities a perishable
cariirie,
ryod
've depot it.tion of legitimate banking business will be
edcituses
prokpen .), this Establiannient.
obtain and Forms of A pleation for Shires may, be
toy, at threll the 13Finkent, Brokers, Solicitors, or the ::•ecre-
A ttpterttl ernporary Offices of the Company.
to thePro,:ena, fo 6harea must be made in the Form annexed
If no Allo,4iii,enla accompanied by the Deposit of £1 per share.
and it a I„, numberl made, the Dep sit will be returned in full ;
plus will be used towardsthe Payment on Allotment.
FOICSI OP APPI To the Directors Pt 'ICATION FOR SHARES.
No .......... the London Bank
of Scotland (Limited).
Gentleni, n,—uavin
£ I g MI
, request that d to your Bankers the sum of
of £lOO each in The bonds wilt allot to me
, Shares
These or any less number ißank of Scotland (Limited)."
hereby agree to accept, purkilla'nleth may be allotted to me I
tion, and to pay the remainder oft° the Articles of Associa-
thereon when required so to do; athe Deposit and the Calls
nay name on the Register of Sharehd I requestt
youshare to placso
e allotted. olders f it
or e s

Addrec.sins full
...................
.........................
Signature. ***********************
N.B.—This Form, when filled tip and akned:i .........
the Bankers on payment of the Deposit. o be left with

THE FARMER'S sos -
indicatetme, by Negretti and Zambra,
rectlY whether the Barometer all for Bain or for
Wind. Particulars by enclosing stamp,--1, Llatt9U-garden ;
67, corn 14111; and 142, Regent-street,