The Sun.
London, England, 1863-05-21 00:00:00

London, May. .
The foundation of institutions on the Continent which com-
bine large capital and credit f,,r financial and industrial en-
terprise hats now become an established fact, and in many
cases their Success has been remarkable. Such institutions
may be abused, and become mere instruments of speculation ;
but when prudently conducted and directed towards legiti-
rnat-.t tusiness it cannot be denied that they meet cne of the
real wants of the age.
England has hitherto not participated in this movement,
and the consequence is, that Paris has to a considerable ex-
tent superseded London as the centre of financial enterprise.
London, nevertheless, affords by far the best sphere for a
Well managed undertaking of this description. it is the
greatest money market of the world • s the point to which all
nations resort to raise capital; the place where large
contracts can be made and loans negotiated. There is clearly
no other money market where concentr.ted capital and credit
ought to command a more se ure or a larger profit.
England also, in her Colonies, and above all in her vast In-
dian Empire, affords a field for legitimate enterprise, which
is unequalled by any other c •untry. India, with a population
of 180,000,W, rapidly advancing in wealth and prosperity, re-
quires nothing more to accelerate its development than the
direction towards its territory of some portion of that vast
annual accumulation of lenglish capital which seeks invest-
Silent at a low rate of interest. To ally the demand of India
for capital at 10 or 12 per cent. with the English demand for
investment at 4 or 5 per cent., of itself affords an ample
sphere for operations.
It is to meet these requisites that some gentlemen experi-
enced in financial and mercantile operations have associated
themselves together in order to form an English company,
in alliance with the following leading- ranking houses and
capitalists of France, who are about to form a similar com-
pany in Paris, under the title of "Societe generile p, ur
favoriser le developpment de l'industrie et du commerce de la
France," the application for a concession being made by—
M. Archdeacon, Ancien Agent de Change.
M. Itartholony, President de la Cie. du Chemin de Fer de
Paris h Orleans.
Mlst. Bischoffeheim, Goldschmidt, and Cie., Banquiers ft
Paris.

MAL Edwd. Blount and Cie., Banquiers h Paris.
M. Cahen D'Anvers, lianquier a Paris.
K Davilifer (Henri), President de la Chambre de Commerce de Paris.
M. Deniere, President du Tribunal de Commerce de Paris.
M. Fare, Censeur de la Banque de France.
MM. Hentsch, Lutscher, and Cie , Banquiers h Paris.
M. Leroux (Alfred), Depute au Corps Leoislatif.
M. Lucy Sedillot, Auden President du Tribunal de Com-
merce ee la Seine.
MM Mirabaud, Paccard, and Cie , Binquiers h Paris.
M. Perier (Jh.), Regent de la Banque de France.
M. Pinard, du Comptoir d'Escompte de Paris.
M. Schneider, Vice-President du Corps Legislatif.
Simons, President de la Cie. des Chemins de Fer de
l'Ouest.
M. P. Talabot, Directeur des Chemins de Fer de Paris h
Lyon, eta la Mediterranee.
A treaty has been sieved with this party by which they
subscribe for 20,000 shares in this Company's present issue,
and the same number in case of a second issue, the Company
subscribingf or 20,000 of their shares, and arrangements being
made by which the two Companies ant as each other's agents,
and have the oaten of participating to a certain extent in
each others operations.
The business will be to negotiate Loans and Cdncessions,
assist industrial enterprises, Public Works and Railway un-
dertakings ; negotiate Foreign, Indian, and Colonial Bonds ;
conduct Mercantile transactions ; and establish agencies for
large commission business • in a word, to undertake all such
operations as an intelligent experienced Capitalist might
effect on his own account with a capital of millions, with the
exception of such purely speculative transactions as are pro-
hibited b
dit and y the Memorandum of Association.
The cre resources derived f rom a large subs cribed capi-
tal could thes be employed in earning dividend with a com-
paratively small paid. up capital. It is probable that not more
than 40 or 50 per rent would ever be called up on any shares,
a further issue being made whenever the increase of business
required it. No call will exceed £2 per share, or be made at
intervals of less than two months.
Instead of fixed salary, the Directors will receive no remu-
neration until the Shareholders have a dividend of 5 per
cent. or upwards, and will then be paid by an allowance of
10 per cent. on the divisible profits of the year; and their
interests are further identified with the success of the Com-
pany by clauses in the Articles of Association, and by giv ng
them the privilege of taking a fifth of any further issue of
shares. Subjeet to this, and to the subscription of 20,0';0
shares in each New Series by the French party, alt new
shares will be distributed pro rata among existing Share-
holders.
20,0 0 shares have been subscribed as above stated by the
French p rty, and the remaining 105,000 by private subscrip-
tion ; but arrangements have been made for deducting ff om
these subscriptions, so as to give the public the option of
for 35,000 shares.
Copies of the Memorandum and Articles of Association lie
for inspection at the Office of the Solicitors, Messrs. Baxter,
Rose. Norton, and Co., 6, Victoria-street, Westminster; and
at the Temrorary Offices of the Company.
Applications for shares may be made to the Directors, 12,
Ring William-street. cif,. On .T. llntchint.a_n
non, in, Angel-court ;cr to Messrs. Laurence, son, and Pearce
Auction Mart, Bartholomew-lane.
THE GENERAL CREDIT AND FINANCE COMPANY
OF LONDON (LIMITED).
FORM OF APPLICATION FOR SHARES.
To the Directors of the General Credit and Finance Compas y
of Lond, n (Limited).
Gentlemen,—l request you to allot me Shares in the
Gene ral Credit and Finance Company of London (Limited);
and I hereby agree to become a member of the Company, to
accept such Shares, or any less number that may be allotted
to me, and to pay the £2 per Share on allotment ; and I re-
quest you to place my name on the Register of Members in
respect of the shares allotted to me.
I am, Gentlemen, your obedient se; vent,
Name in full
Address in full
Reference .
Date