The Sun.
London, England, 1863-05-23 00:00:00

EXETER—May 22.

Wheat, white.. 6s 3d to 6s 4d Barley. 3s Gd to 4s 3d
I
Ditto red. .6s Od to 6s 3d Oats ..
Flour, fine, 35s to 36s ; seconds,.34s to —s per sack.
CATTLE.
Fat beef, p sc., 10s0d to 11sGd Ewes, per lb ....54d to 61,1
Pork carcases, 7s Od to 8s Od Wethers, d 0...., 7d to —d
Lamb, p 1b.......—d to d Fat calves, d0...61d to 7i •
Rough fat, 31d per lb.

THE GENERAL CREDIT AND FINANCE
COMPANY OF LONDON (LIMITED).
Co be Incorporated under th.‘ Companies Act, 1862. limitin
the liability of Shareholders to the amount sub4cribed.
First Capital x?,noo,00) in 125,000 Shares of £2O each.
With power to increase by' subsequent issues, to be decided
upon by special general meetings of shareholders.
Payment on allotment £2 per share.
DIRECTORS.

Chairman—SAMUEL LA ING, Esq., late Finance Minister
If India.
William Patrick Andrew, Esq., Chairman of the Scind^,
'unjauto, and Delhi Railways.
Samuel Beale, Esq., M.P., ( hairman of the 'Midland Rail-
ray .
Edward Blount, Esq. (Messrs. E. Blount and Co , Bankers,
'aria).
Thomas Brassey, Esq., jun., 4, Great George-street, West-
glister.
Charles P. Devaux, Esq. (Mess, a. C. Devaux and Co.)
Sir Stuart Alexander Donaldson, formerly Colonial Secre-
ary of New South Wales.
James Thompson Mackenzie, Esq., Deputy-Chairman of
he Eastern Bengal
John Bramley-Moore, Esq., M.P., I.iverpool.
3lr Alderman Salomons, Londmi,
Samuel Leo Schuster, Esq. (I esars Schuster, Son, and Co.)
Charles Turner, Esq., M.E., Liverpool.
George Worms, Esq. (Messrs. G. and A. Worms.)
SOLICITORS.

Messrs. Baxter, Rose, Ntrton, and C0.,6, Victoria .street
restminate^.

BANKERS.
The London and Westminster Bank.
The Union Bank of London.
Burnt.Fus.
Messrs. Joshua Hutchinson and Son.
Messrs. Laurence, Son, and Pearee.
SECRETARY (pro tem).
J. L. Sawer, Esq.
Temporary Offices, 82, King William-street, City.
PROSPECTUS.

London, llay, 1863.
The foundation of institutions on the Continent which com-
ing large capital and credit f"r financial and industrial en-
?rprise has now become an established fact, and in many
Lees their success has been remarkable. Such institutions
iay be abused, and become mere instruments of speculation ;
at when prudently conducted and directed towards leg-M-
-utt', business it cannot be denied that they meet cne of the
.al wants of the age.
England has hitherto not participated in this movement,
ad the consequence is, that Paris has to a considerable ex-
?nt superseded London as the centre of financial enterprise.
London, nevertheless, affords by far the best sphere for a
'ell managed undertaking of this description. It is the
reatest money market of the world ; the point to which all
;reign nations resort to raise capital ; the place where large
)ntracts can be made and leans negotiated. There is clearly
) other money market where concentr.ted capital and credit
Light to command a more se urc or a larger profit.
England also, in her Colonies, and above all in her vast In-
[an Empire, affords a field for legitimate enterprise, which
unequalled by any other c,runtry. India, with a population
180,000,000, rapidly advancing in wealth and prosperity, re-
tires nothing more to accelerate its development than the
Lrection towards its territory of some portion of that vast
inual accumulation of English capital which seeks invest-
tent at a low rate of interest. To ally the demand of India
n• capital at 10 or 12 per cent. with the English demand for
;vestment at 4 or 5 per cent., of itself affords an ample
there for operations.
It is to meet these requisites that some gentlemen experi-
iced in financial and mercantile operations have associated
Limselves together in order to form an English company,
alliance with the following leading* tanking houses and
pitalists of France, who are about to form a similar com-
my in Paris, under the title of " Societe generile pour
voriser le developpment de l'industrie et du commerce de la
ranee," the application for a concession being made by—
M. Archdeacon, Auden Agent de Change.
M. Bartholony, President de la Cie. du Chemin de Fer de
aris 'a Orleans.
MM. Bischoffsheim, Goldschmidt, and Cie., Panquiers
iris.
MM. Edwd. Blount and Cie., Banquiers h Paris.
111. Cahen D'Anvers, Banquier h Paris.
M. Davillier (Henri),President de la Cbambre de Commerce
Paris.
M. Deniere, Pr4sident du Tribunal de Commerce de Paris.
M. Fere, Censeur de la Banque de France.
MM. Elentech, Lutscher, and Cie , Banquiers a Paris.
M. Leroux (Alfred), Depute au Corps Le,rislatif,
Lucy Sedillot, Ancien President du Tribunal de Com-
erce de la Seine
•

MM. Mirabaud, Paccard, and Cie , Binquiers a 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.
M. Simons, President de la Cie. des Chemins de Fer de
)nest.

M. P. Talabot, Directeur des Chemins de Fer de Paris k
yon, et a la M6cliterran6e.
A treaty has been sioied with this party by which they
bscribe for 20,000 shares in this Company's present issue,
d the same number in case of a second issue, the Company
bscribing for 20,000 of their shares, and arrangements being
ade by which the two Companies act as each other's agents,
d have the option of participating to a certain extent in
oh others operations.
the business will be to negotiate Loans and Concessions,
sist industrial enterprise., Public Works and Railway un-
rtakings ; negotiate Foreign, Indian, and Colonial Bonds
nduct Mercantile transactions ; and establish agencies for
•ge commission business ; in a word, to undertake all such
erations as an intelligent and experienced Cap'talist might
ect on his own account with a capital of millions, with the
eeption of such purely speculative transactions as are pro-
Oited by the Memorandum of Association.
.'he credit and resources derived from a large subscribed capi-
could thus be employed in earning dividend with a corn-
ratively small paid- up capital. It is probable that not more
an 40 or 50 per cent would ever be called up on any shares,
urther issue being made whenever the increase of business
iuired it. No call will exceed £2 per share, or be made at
tervals of less than two months.

[natead of fixed salary, the Directors will receive no rerun-
Tation until the Shat eholdcrs have a dividend of 6 per
at. or upwards, and will then be paid by an allowance of
per cent. on the divisible profits of the year; and their
terests are further identified with the success of the Cora-
ny by clauses in the Articles of Association, and by giv ng
em the privilege of taking a fifth of any further issue of
arcs. Subjeet to this, and to the tubscription of 20,0^0
area in each New Series by the French party, all new
arcs will be distributed pro rata among existing Share-
!dere. _ _
_ _

>O,O O shares have been subscribed as above stated by the
ench party, and the remaining 105,C00 by private subscrip-
m ; but arrangements have been m,de for deducting from
,se subscriptions, so as to give the public the option of
bscrit,ino• for 35,000 shares.

:3opies of the Memorandum and Articles of Association lie
Inspection at the Office of the Solicitor!, Messrs. Baxter,
se. Norton, and Co., 6, Victoria-street, Westminster ; and
the Temporary Offices of the Company.

LIIIE GENERAL CREDIT AND FINANCE
COMPANY OF LONDON (Limited).
iO FURTHER APPLICATION for SUARES in this
,MPANY can be RECEIVED, as the LIST CLOSED
iterday.

By order of the Board,
J. L. SAWN: R, Secretary, pro tem.
London, 62, King William-street, City,
May 23, 1863.