The Sun.
London, England, 1863-10-12 00:00:00

E ANGLO“AUSTRIAN BANK._
T HTo be costituted Limited Liability, uner a con-
cession from his Imperialwith Majesty the Emperor of d
Austria.
Dated sth October, 1863.

Capital £2,000,C00, or 20,000,000 florins.
To be divided into 100,000 Scrip Certificates of £2O or 200
florins each, upon which £2 is to be paid on application and
£2 upon allotment, and a C .11 of £2 within one month after
allotment. These Certificates to be exchanged hereafter for
shares to bearer of £2O or £5O each, as arranged with the
A ustrian Government, as hereinafter stated. In such ex-
change One Certificate will represent one £2O Share with £6
paid thereon, or Five Certificates will represent two £5O
Shares with £3O paid thereon.
COUNCIL OF DIRECTORS.
11. H. Prince Leo Sapieha, President of the Gallician Diet,
and Member of the Austrian Reichsrath.
Somerset A. Beaumont, Esq., M.P., London.
Baron Erggelet (llenikstein and Co.), Banker, Vienna.
G. G. Glyn, Esq., M.P., Banker, London.
Count Eugane Kinsky, Member of the Austrian Reichsrath.
Charles Klein, Esq., President of the Chamber of Commerce,
Vienna.
Alexander Schroder, Esq. (A. and C. Fchroler), Trieste.
Baron Tinti, Member of the Austrian Reichsrath.
S. Winterstein, Esq., Member of the Austrian Reichsrath.
Count Edmond Zichy, Vienna (President of the Vindibona
and Anker Insurance Companies'.
Adalbert Zinner, Esq., Merchant, Vienna.

BANKERS AND FOREIGN CORRESPONDENTS.
AuZsbUrft-31.1. Paul Von Stetten.
Berlin—Messrs. Mendelssohn and Co.
Frankfort 0. M.—Messrs. Gninelius and Co.
Munich—Messrs. Robert De Frcelich and Co.
Paris—Messrs. Mallet Freres and Co.
Trieste—Messrs. A and G. Schroder.
BANKERS AND Mss FINANCIAL AGENTS IN LONDON.
ers. Glyn, Mills, and Co., 67, Lombard-street, E.C.

SOLICITORS.
Messrs. Bircham, Dalrymple, Drake, and Ward, 46, Parl a-

ment-street,Westminsier, S.W.

BROKER.
George E. Seymour, Esq., 38, Throg,morton-street, E.C.
GENERAL MANAGER IN LONDON.
Francis Breuer, Esq. (lately with Messrs. Fruhling and

Gotrchen).
Offices— Vienna-5, Habsburvr Gasse.
London-10, Birchin-lane, Lombard-street, E.C,

PROSPECTUS.
The Company is formed under a direct concession granted
by the Imperial 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 fiscal system which has been definitively adopted by the
Austrian .t.,dministration and Legislature.
The Company will carry on the ordinary business of a Bank
of Deposit, Discount, and Exchange, and all operations con-
nected with Balikingtransactions and Financial Agency. The
head office will be inVienna, with branches at Trieste,Prague,
Bruno,, and other towns in the Austrian empire in which it
may .be found profitable from time to time to form establish-
In England, the interests of the Bank will be represented,
:and the business conducted by the English members of the
Messrs. Glyn, Mills, and Co. being the Financial
Agents and Bankers of the Company.
The l 'hectors point with satisfaction to their having se-
cured the services of Mr. Francis Breuer as th it London Ma-
nager. Mr. Breuer's experience of German Commercial and
Financial husiness —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 rirectors, 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 open an account current with the head office of the
Bank, and to employ the branches of the institution in a vas
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 r.omplete 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 establishment of the proposed Anglo-Austrian Bank, is
to facilitate operations in Austrian Securities, and having
regard also to the desire of the Imperial Government to aid
as far as practicable in bringingabont a closer union between
the financial LU:ld commercial interests of Austria and England
than at present exists, the Imperial Government intends (so
far as it Rh ould appear to itself compatible 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,
placiAg of bonds or otherwise ; as the Government may de-
sire- to effect on the London market.
"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
Austria, 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 prevented 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 vigour upon
a fiscal policy founded upon free-trade adapted dto apply, in many directions, measures speciallypto develope
the wealth and enterprise of thecountry. Elver steam navi-
gation has assumed large proportions. The extent of rail-
ways in operation has increased from 1,700 English miles in
1855 to nearly 4,000 in the present year; and the railway
system has been actually completed the empire
a point which
leaves few of the leading districts of the empire unsupplied.
Still more important has been the marked increase in the ac-
tivity of private trade and in the magnitude of individual
enterprise ; 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. tinder the measures
passed in 1F62, the paper currency is in rapid process of re-
orm—and since June of that year, the Exchange on London
has improved 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 delSvered by the Emperor, at the opening of
the Reicharath, Juue 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 during
the Parliamentary recess that the Government will not how
require the twelve millions of florins voted last year to cover
deticiences 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 cf. 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 princi-
ples, it is important to bear in mind that the new institution
is 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 moat conspicuous—
Viz., to a rich country, and an enterprising people entering
with every encouragement upon the development of their
Wall and their resources.
In the statutes, as passed by the Imperial Government,
enrnmehnt,btuht,e
capital is divided into Shares of £ it
50 or 500 florins
in consequence of representations made tothe
eaDrirecditloymand
in order to render the Shares of the Bank more
nego-
tiable in the principal money-markets of the
2oContinent,asthe the
Governmentlas been solicited to authorise 4
de-
nomination of the Shares, and an assurance has been received
that such application will be granted.
To avoid delay in the estabashment of the Bank, it has
been decided to issue the capital in Scrip Certificates of L2O
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 Solcitors to the Company, 46, Parliament-
street, W estminster.
The Applications made in London for Scrip Certificates
should be addressed to the Directors in England at the Offices
13,,_ftfie Company; but no applicattonwill be considered, unless
r the umPanied by the receipt of Messrs. Glyn, Mills, and Co.
or
plied deposit of £2 per Scrip Certificate on the number ap-
noTthb.iesindzeposit will be returned in the event of the application
*Polled ceded to ; and, it an allotment be made, it will be
Forma ards the full deposit of £4 per Scrip Certificate.
at the ofnt 4PPlication maybe obtained and London ceived
Offices, 10, -AR of the Bank in Vienna ; and inat the
October, 4reelhin-lane, Lombard. street, E.C.,
FORM OF
To the D 4-PPLICATION FOR SCRIP CERTIFICAT2ES,
Gentlemiern7l°lire In England of the Anglo-Austrian Rank.
Glyn, Mills, will rid
al,ntrzhephaiumd
otfozyour credit,
that you will allot with Messrs.
, I hereby request
in the Anglo-Austria Scrip Certificates of £2O each
such Scrip Certificate: Bank, and T numberree to accept
allotted to me, upon ti,24,el any smaller that may he
the further deposit of /2 ruts of the Prospectus, and to pay
her allotted to me, at attetc+r,'`kriP Certificate upon the
ant,num-
-ntletnreenan
may appoint. I
c„„, d in such manner as you
Nat" in. full
Address in
Date .to ...... .. .... .. ".. .. '.
.
°MuPat' full
• P..._

THE ANGLo.A
yu-- --LAN BANK.
NOTICE IS IIEgRIABREr That NO FARTHER
the after T were
APPLICATION for
o'clock TO-MORROW (TUESDAI
That
lath October
FIUNCIS BRE
10, B • -Ane, Lombard-street, E,c,UER, man; .ger.
October 12, 1863.