The Sun.
London, England, 1863-01-13 00:00:00

THE I3RITISH AND FOREIGN MARINE
INSURANCE COMPANY (Limited.)
Incorporated under the Companies Act, 1862, which specially
limits the liability of each Shareholder to the amount of
his Shares.
Capital, X 1,000,000, in 50,000 Shares of £2O each.
With power to increase to £2,0.0,000.
First , 25,000 Shares.
Deposit, on Application,lssue £1 per Share, and £1 on Allotment.
DIRECTORS.
Archibald Boyd, Director of the Union Bank of
London
Francis C. Braun, of Blessig, Braun, and Co Liverpool.
Thomas Chilton, of Holderness and Chilton, Pre-
sident of the Chamber of Commerce
Francis Anderson Clint, of Clint and Co., Chair-
man of the Shipowners' A ssociation .
Chas. B. Colchester, of Colchester and Woolner London.
William James Fernie, of Fernie Brothers and
C 0.......... . ................................ Liverpool.
Arthur Bower Forwood, of Leech, Harrison, and
Forwood Liverpool.
Peter George Heyworth, of Heyworth, Pearce,
and Balman Liverpool.
Thomas Harrison, of Thomas Harrison and Co Liverpool.
Thomas Kendall, of Kendall Brothers Liverpool.
Edward Lawrence, of E. Lawrence and Co Liverpool
George Lyall, of Lyall, Still, and Co London.
Andrew Malcomson, of J. and D. Al alcomson
and Co Liverpool.
Robert Maxwell, of A. F. and R. Maxwell Liverpool.
George M. Papayanni, of Papayanni Brothers Liverpool.
John Park, of Williams, Park, and Co Liverpool.
Chas. K. Prioleau, of Fraser, Trenholm, and Co Liverpool.
John Ravenscroft, of W. and J. Ravenscroft and
Co., Chairman of the North and South Wales
Bank
James Searight, of James Searight and Co London.
Samuel Stitt. of Slit; Brothers 'and C
Thomas Wilkinson Tetley, of Hollinshead, Tet-
ley, and Co.
Themes Stenhouse, Director of the Chartered
Mercantile Bank of India, &c,
Henry Trelfall Wilson, of H. T. Wilson and
Chambers
SOLICITORS.
Messrs. Fletcher and Hull, Liverpool.
Messrs. Flux and Argles, Mincing-lane, London.
BROKERS.
London—Messrs. Laurence, Son, and Pearce, Auction Mart,
E.C.
Liverpool—Messrs, Thomas Tin'ey and Sons.
Messrs. G. and T. Irvine.
BANKER S.
The Union Bank of London, London.
The Union Bank of Liverpool, Liverpool.
TEMPORARY OFFICES OF THE COMPANY.
8, Cook-street, Liverpool.
39, Lothbury, London, E.C.
Notwithstanding that several new Marine Insurance Com-
panies have been established within the last few years, it is
generally recognised that the means of effecting marine in-
surances are not sufficient to meet the increasing expansion
of trade, insurers being now driven to effect their insurances
in remote towns in the provinces, in Ireland and Scotland,
and on the Continents of Europe and America.
The actual price of shares in the existing Marine Insur-
ance Companies demonstrate clearly that the business is
highly remunerative.
Of th • new Companies one only has been established in
Liverpool, and it has already secured a very large and lucra-
tive business.
More than half the exports and imports of the kingdom
pass through the port of Liverpool, and there is no doubt,
therefore, that another Company having its Chief Offices in
London and Liverpool will meet with ample support.
finder these circumstances the British and Foreign Marine
Insurance Company has bean established.
The business of the Company will be confined to the issu-
ing of policies on freight and goods only, and it is expressly
provided, as a fundamental element in the constitution of
this Company, that no insurance shall be effected on the ships
themselves.
The principle of limited liability, as applicable to insurance
companies, came into operation during the month of Novem-
ber last. The Directors, observing that in banking and other
Important commercial enterprises limited liability has met
With universal favour, have adopted it as an unalterable
Principle in the present undertaking.
The Directors, therefore, express the greatest confidence in
the success of this Company.
Such provision has been made by the Directors for the pre-
liminary expenses as will secure the Company against pay-
ing any promotion money.
A copy of the articles of association lies at the offices of
the Company for inspection.
The prospectus and forms of applications for shares may be
Obtained of the brokers of the ompany. Application for
shares to be addressed to the Directors ; but no application
Will be considered unless a payment has been made to the
bankers of the Company of El per share, on the number of
shares applied for. This sum will be returned if no allot-
rnent is made to the applicant.
FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
To the Directors of the British and Foreign Marine Insur-
ance Conn any (Limited).
Gentlemen,—Having paid to your bankers the sum of
£ , being a deposit of £1 per share on shares
in the above Company. I hereby request that you will allot
Inc that number, and I agree to become a member of the
Company is respect of such shares, or in respect of any le=s
number you may allot me, and to execute the Articles of As-
sociation, when required ; and I request that my name may
be
lot ted. placed on the It ouster of Members for the shares so al-

same in full
iteMdenee
Profession or Business ..
Date

THE BRITISH and AMERICAN EXCHANGE
BANKING CORPORATION (Limited).
Established under the Companies Act, 1882, with Limited
Liability.
Capital, £1,000,000 sterling, in 20,000 Shares of £5O each.
First Issue 10,000 Shares.
It is not intended to call up more than £l5 per Share.
With power to the Shareholders to increase the Capital.
Deposit, Xi per Share on application, and £1 per Share on
allotment.
DIRECTORS.
Archibald Boyd, Esq., Director of the Union
Bank of London London.
William James Fernie, Esq., of the firm of
Fernie Brothers and co.
James Gilchrist, Esq., of the firm of bilchrist,
Watt, and Co., of Sydney, Director of the
Union Bank of London
Robert Gillespie, jun., Esq., of the firm of Gil-
lespies, Moffatt, and Co. London.
Henry George Gordon, Esq., Chairman of the
Oriental Bank orporation London.
Harold Littledale, Esq., of the firm of T. and
H. Littledale and Co
William M. Neill, Esq., of the firm of Neill
Brothers and Co. Manchester.
Thomas Rees, Esq„ of the firm of R. and T
Woodward and Co LiverpooL
William Rennie, Esq., of the firm of Cavan,
Lubbock,
tt, Esq and Co
Samuel Sti., of the firm of Stitt Brothers
and Co Liverpool.
BANKERS.
London—The Union Bank of London.
Liverpeol—The Bank of England.
Manchester—The Bank of England.
India and China—The Oriental Bank Corporation.
SOLICITORS.
London—Messrs. Cotterill and Sons.
Liverpool—Messrs. Fletcher and Hull.
BROKERS.
London—Sheppards, Pelly, and Allcard, 98, Threadneedle-
street ; J. and J. Whitehead, 8, Moorgate..street.
Liverpool—llorsfall and Addison.
TEMPORARY OFFICES.
6, Newman's-court, Cornhill, London.
Middleton Buildings, Rumford-street, Liverpool.
The British and American Exchange Banking Corporation.
Limited) is formed for the purpose chiefly of dealing in Ex-
changes, a business which, excepting with British posses-
sions. has hitherto been mainly in the hands of private firms;
and it is well known that with many countries such banking
facilities have not been afforded to merchants and others as
the vastly extended commerce of the present day demands.
This is particularly the case in the trade between England
and America, and it is rm.osed that this Corporation shall
commence its operations by the establishment of an agency
in N,w York.
The profitable nature of exchange bu- iness is well known,
especially that with the American States, and although the
Profit is at present greater than can be calculated upon in
ordinary years, there is generally a much larger margin than
is usually found remunerative by bankers. The purchase and
sale on commission of securities in New York and London,
the dealings in which amount annually to many millions
sterling, and the remittances of interest and dividends, will
afford other sources of profit.
The practice now become very general of attaching bills of
lading to bills ol exchange as collateral security, renders ex-
change operations more than usually safe, whilst the ship-
Inent of gold involves scarcely any risk whatever.
The shipments of produce and specie from New York alone
for the past year have amounted to nearly forty millions
sterling, and the average of several years has not been
Much less. There is thus a very extended field for the ope-
rations of the Corporation, and the facilities which it will
afford, both in this country and America, must tend to pro-
mote, and still further to extend, the commercial and mone-
tary transactions between the two countries.
The same remarks are applicable to other places in which
the establishment of agencies is contemplated.
A large business is also anticipated betwixt America and
the ports in India and China, which will be carried out in co-
operation with the Oriental Bank Corporation.
The success of Joint-stock Banks dealing in Exchange is
evidenced by the present quotations of the shares of the un-
dermentioned companies ; and it is somewhat remarkable
that the joint-stock principle has not yet been adopted in the
American trade, though presenting a wider field for its profit -
able operation than any other part of the world.
Paid-up Present Prices.
Bank of Australasia 4O .... f 9 to 71
New South Wales 2O . 49 „51
Union of Austraii,,
London Chartered of Australia
Oriental
2% .... 54 „ 55
• -4-
Agra and United Service
Mercantile Bank of India,London, and
China
Ottoman
Colonial
The Corporation will have•
offices both in •London and
Liverpool.
The Corporation is formed under ‘. The Companies' Act,
1862," whereby the liability of the shareholders is strictly
limited to the amount of their respective shares.
No promotion money will be given for originating the un-
dertaking, and the preliminary expenses will be strictly con-
fined to such as arc indispensable.
Applications for shares may be addressed in the annexed
form to the Directors, or to the BrokeroshtoafintehdeuCpoornpaoprpatocan.,
and copies of the prospectusmaybe
tion to them, or to the Solicitors, or at the London and Liver-
Pool Offices of the Corporation.
No. FORM OF APPLICATItOhNeFOit
To be retained by Bankers.SitlieAd 7s.
To the Directors of the British and AllteriCallthEexcehuanm Exchange
Banking Corporation (Lim
£ Gentlemen,—Having paid to your bankers
shares
being a deposit of £.l per share on
In the above Corporation, I hereby request
that you will
Cos allot me that number, and I agree to become a mem
cbfearnoytitchses
me
in respect of such shares, or in respect
number you may allot me, and to execute the articles
of
maya hssoe-
elation when required ; and I request that my name
Placed on the register of members for the shares so allotted.
Name in full
Residence
Profession or business .. ..
Date

ST E 0
What is it? See Patent, March 1, 1862, No. 560.
_F. D 0 Nt
GABRIEL'S Sell-adhesive Patent Incles`ructible MINE-
!tAr.L TEE rn and FLEXIBLE GUMS,
I?i eitige or wires, and without operation. One set lasts
ART IaTLATI `;Tit nut palates,
ARRANTED FOR MASTICATION
cost. N. Purest materials only, at halt the usual

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27, HARLEY-STREET, CAVENDISH-SQUARE'
34, LUDGA.TE-HILL, LONDON ;
65, NEW-STREET, BIRMINGHAM; and
134, DUKE-STREET LIVERPOOL.
INTERNATIONAL EXHIBITION, CLAss 17.
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•

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