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

THE lIVIPERTAL ROYAL PRIVILEGED
UNION.BAN K OF AUSTRI A (Limited).
Capital. £2,000,000 sterling.
Bankers—Messrs. Mastmrma,, , Peters, and Co., Nicholas-lane-
Solicitors—Messrs. Crowder, Maynard, Son, and Lawford.
Brokers—Messrs. Hil', Fawcstt, and Hill.
PRELIMINARY STATEMENT.
1. The Government of his Imperial Majesty the Emperor
of Austra, impressed with the importance of extending to
that country the benefits of joint-stock banking, hay granted
to his Excellency the Baron de Thierry a la' ehminary 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 insti-
tutirm, it may be stated that while England, with a popula-
tion of 20,000 000, has more th n 1,500 joint-stock banks, in-
ciuding branches, Austra. k ith a population of 30,000,000, has
only five banks, with a very limited number cf branches.
3. The recent ac passed by the Austrian Legislature for
the resumption of cash payments on or before theist January,
1-67, is founded on principles Ida; tic il with those governing
the Bank of England. This important financial reform, com-
bined with the great progreks recently made in the constitu-
tional government of Austria, must pace all commercial
operations on a sounder and more stable basis.
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 find a ready market in this country, require bank-
ing facilities co-extensive with commercial progress.
O. The 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 bullion 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 facilities afforded them to deposit with this
establishment bullion and securities which they now retain
in their own cash-boxes ; and the communications which have
passed 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 " l'hat the Government,
looking with satisfa tion on the creation of an establishment
so beneficial, would afford it every nossible 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 has been this day received' from his
Excellency Baron de Thierry, Privy Councillor of hie Imperial
Royal Majesty the Emperor of Austria

" Ldon 4. 1P63.
" have to acknowledge the receipt of , the prMoay of of finan-
dal means required for the establishment of the Imperial
and Royal Privileged Union Bank of Austria (Limited) you
have this day given me for the purpose of placingit in a lega-
lised form before the Government of his Majesty the Empe-
ror, my most gracious Soveregn.
"The condition precedent to the approval of the statutes
having been thereby fulfilled, and ihe Government thus
enatled to apply for the sanction of his Imperial Majesty to
the definite concession authorising* the opening of the said.
Imperial and Royal Privileged Union Bank, I r ereby autho-
rise you, in pursuance of authority granted to me in a letter
from the Imperial Finance Minister, his Excellency err
von Plener, dated Vienna, the Bth December. 1862, No. 4,802,
F.M., and in accordance with the law of November 20, 1852,
Art. 7, Lit. B, Art. 15, Lit. A. and Art. 17, to take the neces-
sary steps for securing tee capital, and also to issue to the
public the prospectus which you have this day submitted to
me, and in a Moll you have correctly stated that on the suc-
cessful establishment of the Bank the valuable privileged po-
sition for which application has been made to the Imperial
Government may be expected to be conceded.
" Your obedient servant,
(Signed) "A. BAR. DE TiiirEnitr."
A Prospectus, with an influential list of Directors, will be
published in due course.
In the meantime a Subscription List is opened at the offices
of Messrs. Hill. Fawo.tt. and Hill. 29, Threadneedle-street
E. C.

LONDON BANK OF SCOTLAND
(Limited).
Incorporated under "The Companies' Act, 1862," 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.
Deposit on application, Zi per share ; payment on allotment,
£2 per share. Calls not exceeding £5 per share, at inter-
vals of not less than three months. It is not intended 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
Oldenburgh), 1, Lawrence Pountney-hill, Cannon-street.
John Elin, Esq. (J. B. Elfin and Co.), Merchants, Director of
the London, Buenos Ayres, and River Plate Bank, 34, Ab-
church-lane, E C.
Captain Chas. W. Gordon, 31. P., 26, Pall-mall, and Fyvie
Castle, Aberdeenshire.
Sir J. C. D. Hay, Bart., M.P., 44, St. James's-place, London,
and Glenluce, Wigtownshire.
W. J. Marshall, Esq. (Wilson, Bowles, and Co., Merchants),
9, Mincing-lane.
Bon. William Napier (Managing Director of the Lands Im-
provement Company), 2, Old Pal -ce-yard, Westminster.
E. Oppenheim, Esq., Merchant, 150, Leadenhall-street, and
Lloyd's.
II Spicer, Esq. (Spicer Brothel s, Merchants', 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. (Levicks and Sherman, Merchants), 9,
King's Arms-yard. _

BANKERS.
The Bank of London. Threadneedle-street, B.C.
SOLICITORS.
Messrs. Phillips and Son, 11, Abchurch-lane, E.C.
Messrs. J. and W. Murdoch and Rodger, 48, West Nile.
street, Glasgow.
BROKERS.
_ _

Messrs. Woolley and Coates, 26, Tokenhouse-yard, Lothbury,
F,. C.
Messrs. Taunton and Co., Liverpool.
Robert BPl:wen, Esq., Dude-buildings, Exchange, Man-
chester.
Messrs. Black and Robson, Glasgow.
Messrs. Macallum and Sidey, 5, etinces-street, Edinburgh.
John Ferguson, Esq., Aberdeen.

SECRETARY.
Jamey Maurice, Esq.
Temporary Offices-4, Royal Exchanue-avenue, Royal Ex-
change, London.
PROSPECTUS.
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.
ment during this interval of the resources of the country; the
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-
portunity for successfully introdu ing the London Bank of
Scotland (L mited), and securing it an extensive and profit-
able business.
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
Bills 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
between 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. None of the existing Scotch
Banks possess this advantage; and the Londcn Bank of
Scotland is established to meet so great a monetary desi
deratum.
As corroborative of the necessity which exists for extended
banking facilities, it may be also stated, that during 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 1832
amounted to £32,000,000, while in 1861 they reach( d
£135,842,817; and that the aggregate value of the imports in
the year 1854 (when first ascertained) was X 152,389,053, which
in 1859 amounted to £179,182,355.
The home trade during the corresponding 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 places in Scotland, with London, it has
been decided in constituting thisßank to take powers to oxen
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 shows the present peal
leading Joint-Stock Banks in Scotland ; and whi
the steady and rapid growth of business, indi ates t
success which these institutions have ' attained, vi

tion of the
le proving
he marked

-- ---••••••3 olive attained, viz.:—A
A g ' , s.l
.
V 0.
a,s a 0 .c$
I gi Name. A, a. Capital. EZI ,ti ..-
S_
i. w 0 --,
Ei t .
4 4 1
1-
Commercial Bank of i
Scotland llBlO 800,000 100 217 10{147 10 10
Nationat Bank of Scot-1 j 1
land
Union Bank of Scot-
land lB3O 1,000,000 100 179 10 79 10 9
British Linen Com-
Baan 1746 1000 100 227 0,127 0 9
nk yof Scotland '1695 1,,000,000,000 100 214 0 114 0 9
Royat Bank of Scot-
land ...... •.. .. . ~1727 2,000,000 100 160 0, 60 0 7
National Provincial; 1 Bank of Englsnd —.1833 720,000 42 121 0 300 018
Provincial Bank of Ire-1
land

As a productive Investment, nothi g has ever equalled the
capital employed in Joint-stook Blnks i d under the
Limited Liability Aot, the shareholder obtains
ei at the same
time a perfect security for the limitation of
dividends upon the shares in the London Joint-stock Banks
a
.k
The
range up to 24 per cent., while those upon Colonial('
vary from 10 to 30 per cent per annum : the weak in all
casesn
Banks
being at a high premium, ranging from 80 to 300 per cent,
Metal Auditors will be nominated to auditthe aoonnnts in
acc irdance with the Act of Parliament, and the iiirectors
will publish their accounts of the Finances and business
operations of the !Sank, at stated periods.
Out of the profits annually a sum will be placed apart to
meet contingencies, and it is stipulated in the Articles of
Association that no dividend shall be paid exceeding 9 per
cent. per annum, until this sum rea,:hes £100,00'), or such
other sum as nity be hereafter deemed expedient; it is also
Stipulated therein, that no advances shall be made on mines,
machinery, or doubtful or speculative seurits, nor un
any class of security not easily negotiated, c
or oief a perishable
nature
Ever descriction of legitimate banking business will be
catcioed:on by this Establisnment.
' Pectuses and Forms of A. plication for Shires may be
obtained 1
Lary, at Welt the Bankers, Brokers, Solicitors, or the Score-
APPlictioneeng.orarY Offices of the Company.
17.trrompectus bhares must be made in the Form annexed
ent be
Aliotni • accompanied by the Deposit of LI per share
and it a le made, the De p' sit will be returned in full ;
plus will I::_num.ber be allotted than is applied for, the stu'-
u.ed towards the payment on Allotment.

To the DirFORM
rs OF APPLICATION FOR SHARES.
N 0... ect.
o of the London Bank of Scotland (Limited).
......
m 0.
Gentlemen,—Havinz paid to your inker su f
, I request that you Will allotß to mes the
hares
£
of £lOO each in " The London Bank of Scotland (Limited)."
These or any less number Which may be allotted to me I
agree to Wept, pursuttnt to the Articles of Associa-
hereby
10 pay the remainder of the Deposit and the Calls
tion, and
when revired so to do i and I request you to place
thereon w
the egister of Shareholders for the shares so
v name on u
tri
aaiotted.
--

Address ...............
islparo:NaltZ'l .............................
Da e
.........
Sl.,:7lltture. .... • ...............
ai74 s. Wed c lest .....
N.B—Tis Form, when filled up
the Bankerhs on payment of the Deposit ig, t

THE FARMER'S BARON!
new Instrument, by egretti and Zambra, wan() a
rectly indicate whether the Milometer falls for Rain or for
Wind. Particulars by enclosing stamp.-1, Ilatton-
-57, Cornhill ; and 122, Regent-street. garden ;