The Sun.
London, England, 1863-10-08 00:00:00

Capital £60,000.

First Issue £30,000,, in Shares of £5 each, with power to the
Directors to issue the remaining £30,000, in whole or in
per, when requisite; the Original shareholders having a
preferential claim, pro rata, in the Shares so issued.
Deposit on application ss. per Share, and 15s. on allotment.
Calls not to exceed 20s. each, at intervals of not less than

three months.
DIRECTORS.
J. W. MOORE MILLER, Esq., Gloucester House, Southsea,
Chairman.
11. HAWES FOX, Esq., Queen's-gardens, Hyde-park. Lon-
don, Director of the Brighton, Uckfield, and Tonbridge
Rai way Company, Vice-Chairman.
Major Castle, J.P., Frome Lodge, Stapleton, Bristol.
Henry Crowdy Crowdy, Esq., Blunsdon, Highworth, Wilts,
Director of the Bristol City Hotel Company.
George Frederick Fox, Esq., Bristol, Director of the Inns of
Court Hotel Company.
Arthur P. Latty, Esq., Gloucester-gardens, Hyde-park,
London.
Richard Marvin, Esq., Grove-road, Southsea, Director of the
Landport and Southsea Tramway Company.
Joseph Owen, Esq., Australian merchant, London and Shef-
nod, Director of the Chesterfield and Midland Coal Com-
tr.),
tward Kent Parson, Esq., King's-terrace. Sonthsea, Direc-
-8 21: of the Landport and Southsea Tr.mway Company.
,;4attenbary, E.g., Gray's-inn, and 22, Horbury-cres-
viZtwootting-hi 1. London.
Anal rth Lascelles Scott, Esq., M.S.A., Consulting
Iv. F. Y..lq, Westbotume Park, London, W.
Direeljtoror j""1"
Cleveland Gardens, Hyde Park,
John kvera the Metropolitan and Provincial Bank.
rd liPton, Esq., Beech-grove-terrace. Leeds.
Agra and unit„,, BANRRES.
London. Service Bank (Limited), Cannon-street,
Messrs. Grants, Gum
sea. an, and Long, Portsmouth, and South-

Messrs, Few and co. SOLICITORS.
LORdCII. ' 2, Henrietta-street, Covent-garden,
S. S. Long,
Esq., Southße,

Messrs. Froom Brothers, 13011" Ens.
Change-alley, Corn'iill.
Registered Offices—c, joi
W.C. m•street, Bedford-row, London,
Applications for shares should be addressed to the Secre-
tary or Brokers of the Compan
Company, 6, associationedicZr and to the offices of the
pla(r, London, W.C., where
the articles of and
the buildings can be
seen. In the event of no dllotment tof
money will be returned in full, etng made the deposit-
Detailed prospectuses and forms of
e applicationas for shares
may be obtained at the Compan3 , offices
s above.

SOUTHSEA PIER HOTEL COMPANY
(Limited).
NOTICE IS HEREBY GIVEN, That the Otnces
of this
Company are REMOVED from 3, Verulam-blid' ~,
Gray's-inn, to 6, John-street, Bedford-row, Londonivd7'
13 y. ordei qf.the Dirootuto._

STAR AND GAR ['ER HOTEL COMPANY
(Limited).
The Right Ron. the Lord de Tabley, Chairman.
The Hon. Gerald Chetwynd Talbot, Deputy Chairman.
In reply to numerous inquiries, the Directors of this Com-
pany feel it right to state that the Company is in no way
connected with the Richmond Hill Hotel Company (limited).
The whole of the capital of the Star and Garter Company is
subscribed, an 1 the business of the Star and Garter Hotel,
situated on the summit of Richmond tHil, and now carried
on by Mr. will shortly be entered upon by the Com-
pany; and the additions and improvements, designed by Sir.
E. M. Barry, the architect, will be commenced by Messrs.
Lucas Brothers, the contractors, immediately.
By order,
AUGUSTUS BR,OWNE, Secretary.
17 n, Great George-street, Westminster,
6th October, 15133.

THE LAND MORTGAGE BANK of INDIA
(CREDIT FONCIER INDIEN), Limited.
Capital, £2,000,001, in 100,000 Shares of L2O each. Payment

on allotment, £2 per Share.
DIRECTORS.
Chairman —S. LAING. lilaq , late Finance Minister of India.
Colonel Balfour, C. 8., late Chief of Military Finance Depart-

ment of India. -
H. L. Bischoifihelm, Esq. Messrs. Bisehoffseheim and Gold-
sehmidt).
Hon. IV.S.iliam, Member of the Supreme Legislative

Council of India.
Sir John P. Grant, K.C.8., late Lieut.-Governor of Bengal.
P. Northall Laurie, Esq., Governor of Union Bank of London.
J. T. Mackenzie, Esq., Deputy Chairman of Eastern Bengal
Railway.
W. Mackinnon, Esq. (Mackinnon, Mackenzie, and Co., Cal-
cutta), Director of British India Steam Navigation Com-

pany.
H. Nelson, Esq. (Messrs. Crawford, Colvin. and Co.), London.
Mons. Pinard, du Comptoir d'Eseompte, Paris, et du Credit
Fonder ColoniaL
A. M. Worms, Esq. (Messrs. G. and A. Worms), London.

AGENTS IN INDIA.
Calcutta—Messrs. Colvin, Cowie, and Co.
Bombay—Messrs. Remington and Co.
Madras—Messrs. Parry and Co.
AGENTS FOR TIIE CoisyrnftrlT.
The General Credit and Finance Company of London
(Limited
BANKERS.
The Union Bank of London.
SOLICITORS.
Messrs. Freshfields and Newman.
SECRETARY (pro tern.)—Mr. Charles Grant,
Temporary Offices-69, Lombard-street.

The system of _Land Credit, or "Credit Fonder," has now
been established in many of the chief countries of Europe,
with the uniform result of large profit to the Companies en-
gaged in it, and great benefit to the holders of land. The
principle of all these Associations is the same, viz., the inter-
vention of a Company whose large subscribed Capital, and
consequent credit, enable it t I borrow money to tha best ad-
vantage, as an intermediary between individual lenders who
seek investments on mortg,,ge, and borrowers who seek for
loans.

Thus, the French Credit Fonder has a large Share Capital,
cf which only half is paid up, and is authorised by its
statutes to issue its own Bonds against an equal amount lent
on mortgage, with a Sinking Fund for redemption, on first-
class landed security. The security to the Bondholder, under
these circumstances, is ample, represented as it is by the
whole unpaid-up capital of the Company, and all its invest-
ments and assets, while the profit to the Shareholders, being
the profit on the employment of a large capital distributed in
dividend over a small paid-up capital, is so great, that with
£lO paid up the £2O shares of the French Credit Foncier
stand at a market value of upwards of .Eso.
The present Company is formed in the belief that, on the
one hand, it will be very profitable In the Shareholders, and,
on the other, most beneficial to India. It is obvious that our
Indian territories present an unrivalled field for a Company,
of this description. Land there is rising in value with a ra-
pidity quite unexampled, and the fixing of tenures, the im-
provement of laws, and the opening of communications, are
last creating an ease and certainty in dealing with it equal to
those enjoyed in any country of Europe At the same time
capital is scarce, and the rate of interest extravagantly high,
as compared with any European standard.
In Bengal, where, in the first instance, the operations of
the Company will be principally directed, land is held upon
a Zemindary tenure, which may be described as conferring
the fee-simple of the land in perpetuity, held direct from the
Crown, on the condition of paying a fixed annual quit rent,
which is always moderate, in comparison with the value of
the estates. An accurate and simple system of registration
precludes doubt and dispute concerning the title to estates.
and the first mortgage on the register takes precedence of all
other claims. The principle of a permanent settlement has
been adopted by the Government, and will doubtless be
shortly extended to the other provinces of India.
The land included in the Lower Bengal system is estimated
at a value of more than one hundred millions sterling, and
by the establishment of railways, the op _ration of irrigation
works•, and the general extension of Indian trade and in-
dustry, it will be doubled and trebled within a moderate
number of year. Ot these estates a very large proportion
are at present under advances from local money-lenders, at
a rate of 12 per cent. interest, besides incidental bonuses,
and upon other conditions, that are alike unfavourable to
their owners and to the community at large.
With prudent management the results of an Indian Credit
Fonder can hardly fail to be even more successful than in
France, considering the wide margin between the rates of in-
terest at which money can be borrowed in England and lent
in India.

The field for operations in India is practically unlimited,
and in no country of the world are all the elements of national
prosperity, including the value of land, in a state of such
rapid development. The revenue of the State has risen in
ten years f'rom £28,500,000 to £4:1,12.5,0 '0 a-year and the
aggregate Import and Export Trade during the same period
has more than doubled, and last y, ar reached the enormous
total of .£100,000,000, including bullion. During the same
period £;',0,,,00,000 of English capital has been invested in
railways in India, which are now approaching completion,
and will greatly accelerate the march of prosperity.
The benefit to India of obtaining capital on landed security
on reasonable terms, and emancipating the native landed
proprietors from an exclusive dependence on native money-
lenders, will be incalculable ; and this tenefit will be speci-
ally felt at a time when the prosperity of the country, the
completion of roads and railways, the sale of waste lands,
the extension of the permanent settlement, the introduction
of an improved currency, and, generally, the adoption of a
wise and liberal system of Government, are giving every-
where a rapid impulse to improvement.