The Sun.
London, England, 1863-11-02 00:00:00

TUE ENGLISH awl -SWEDISH -BANK
(u. _
Incorporated under the Companies Acts, 1862, by which the
Liabil ty of shareholders is limited to the amount of their
Shares. Capital, £2,000,000, in 40,00 j Shares of £5O each.
With power to increase.
It is proposed to call up £25 per share.
First issue, 20,000 shares, of which one-half are already
subscribed.
and
Deposit, £1 per share on application, and £2 on allotment,
a further sum of £2 per share within two months
from
val of ahotinent No call to exceed £5 per share, and at an
inter not less than three months between each call.
DIRECTORS IN LONDON.
Leopold n
- —ruseWitz, Esq., 36, Old Broad-street.
John Alerg Hankey, Esq. (Messrs. Hankey and CO
;Samuel H.
Hinde, Esq. (Messrs. Hinde and Gladstone).
I, H. Johnson, Esq. (Messrs. John Johnson and Son).
}lward John, Esq
q (11 tsars E. Johnston, Son, and Co.)
Adam Kennard En' q 8(e. 4.
eolida.ted Bank/.
4'William Tome, Essq., Swedish and Norwegian Vice-Consul
-‘lessrs Charles lo.ttie and Sons).
t. ristoph:r Wegulin, Esq. (Messrs. J. Thomson, T. Bonar,
and o.)

BN
The Bank of Eng Aland.KE RS.
The Consolidated Bank, Lombard-street.

SOLICITORS.
Messrs. Dawes and Sons, 9, Angel court, Throgmorton-street.
BROKERS.
lessrs• Laurence, Son, and Pearce, Bartholomew-lane.

SECRETARY (PRO TEAS.)
James Fraser, Esq.
Teti,
L-"LarY Offices-1, LCopthall Chambers, Throgmorton-
aLeet, E.C.

PROSPECTUS.
The object of this Bak is to supply the great requirement
ct additional Banking accommodation in Sweden, and to
aff rd a medium for the already important and constantly
increasing financial transactions beiween that country and
E
~r bm
and, as well as for the large Banking operations which
.ne trade of Sweden with the East and West Indies, America,
4134 the Brazils centres in London.
The trade and industry of Sweden have made rapid pro-
reSS during the last thirty years, but more particularly dtir-
Ing the last years. The value of imports and exports,
lol7llich amounted in 1852 only to £4,725,000, rose in 186; . to
,420,221, showing in increase in the nine years of about
per cent.
, Englan particpatedimport and xport in *52
0 the extent ofi 41,214,777,h and in 1861 toe the extentBof
3276,332.
The trade with the East and West Indies, Brazils, and
America amounted in 1852 to £836,833, against, in 1861,
X 1,319,454.
The amount of Bills of Exchange sold through Brokers on
185
the
.: Eto--
xchange of Stockholm and Gothenburg-, amounted in

£1,269,006 Banco m 21,013,422 fr,3,752,871
and in 186 Z to

£3,273,790 Banco m 44,688,511 fr. 15,458,434
Bhovvinz an in-

crease in the 10
years of ...... £2,001,184 Banco m 23,875,029 fr. 11,705,553
r'ormerly Sweden had to import large quantities of corn,
but improvements in the system of farming, and an extended
cultivation of land, leave now annually large quantities for
exportation. The total export of all kinds of grain in 1852
only amounted to 132,125 quarters, but rose iu 1861 to 1,078,436
quarters, showing an increase in the nine years of about 975
per cent.
Great as this progress in all branches of the industry of
Sweden has been, !he prospects for the future are still more
promising, for an extensive and judicious system of railways
in ail direction 3 of the country is gradually removinc, the
tlfficulties and reducing the cost of ransport, which have
hitherto proved great obstacles to the production oi the bulky
articles forming tt.e staples of Sweden, and the cyst-m of
free trade which the country has adopted cannot fail to assist
Inaierially in tha development of its great resources, and lu
extending its commerce.
The banking facilities and circulation of the country have
In tot kept pace with the pr. gress of its trade.
152 there were in Sweden a State Bank, with
a paid-up capital of
Anct eight Joint-Stock Banks, with an aggregate
28 i,649 Paid-up capital of

£1,3-)1,979
Against present capital of the State Bank £1,333,3331
And of twenty-nine Joant Stock Banks now existing 666,636 i

£2,000,000
The total circulation of notes amounted at the end
....of 1852, to
=the total circulation of notes amounted at the ea d
of 1862„ to ..
These figures show that while the foreign trade of the
Zountry has increased by 126 per cent. in two years, therehas
been an increase in ten years of banking capital only to the
'extent of about 50 per cent., and in the circulating medium
of business per cen
of t
The the State Bank and of all the Joint-Stock
Banks, with one exception, consists prino.pally in granting
bans and credit against securities of different kinds and per-
sonal. guarantees, and they have done little to encourage de-
posits or discounts of bills.
-,,,The Stockholm Enskilda Bank is the exception, This
-milk was established towards the end of 1856, with a paid-
uP capital of aboht £56,000, and it deserves spezial mention
.ifor
coitiragg
its skilful management, which has particularly aimed at
deposits, and at discounting inland Bills of
„E„22l2ange. The results of its operations have been very
At the end of 1862 it had a reserve fund of
having paid dividends of 20 per cent. for 1862 as well
as for 1861. The deposits with this Bank amounted at the
end of 1862 to £552,750.
The profits of all the other Banks have been highly re-
munerative.
owTohcealtd, habitsan of people keeping their money under their
using chequesd, still very vakeriug payments with cash, instead of
become only
few channels for di tof Inland Bills, credit sales mostly
book szby generally Prevails, and owing to the
buyers' acceptances • or instead of being represented by
quirements are alwaysn
costly
esrAsult is. that while merceint le re-
yan d often nearly impossible to
procure at almost any rate, even upon the very best securi-
ties, so that Merchants have frequently no other alternative
left for the supply of their requirements than the use of ex-
pensive foreign credits.
All circumstances warrant the conviction that Sweden
offers an extensive and very profitable field of operations
for a New Bank, and at the same time that such a
Bang
confer great benefits on the trade and CoMmerce o must
country. t the
This conviction has led to the establishment of the English
and Swedish Bank
The head establishment of this Bank will be in London,
'with branches at Stockholm, Gothenburg, and such other Places in Sweden and Norway as may be found clearable by
the Directors; and with Agencies at Paris, Hamburg, Am-
sterdam; and other plati,s abroad.
All branches are to be under the control of the head estab-
lishment in England, superintended by a local Board. Ma-
nagers having experience of English Banking wail be ap-
Pointed, in order to introduce the advantages of that system
Into Sweden.
The business of the Bank will include
The opening of current accounts.
The receipt of moneys on deposit at interest.
The purchase and sale of British and foreign securities.
The granting and negotiation of loans.
The purchase and sale of bills of exchange.
The diecount of bills of exchange.
The granting of letters of credit and circular notes.
The purchase and sale of bullion, and generally the tran-
saction of all business relating to banking and finance.
vopies ot the Memorandffice of
and articles of Association lie
for inspection at the Of the Solicitors, Messrs. Dawes
and Sons, and at the Temporary Offices of the Company.
.__APplicatisti for Shares must be made in the annexed form,
"nnus_rapanied by a deposit of £1 per Share.
'rnaPectuses and forms of application for Shares may be
obtained at the Temporary Offices ofo the Bank ; and the
ndon Financial Association (Limited', I, 'Threadneedle-
street an nand Brokers' Messrs. Tottie and Arfwedson.
:Stockholm William 'Hohss and Co., Gothenburg, will
also receive applications and deposits for Shares for trawl-
Mission to England.

7.418 Form must be delivered entire to the Bankers of the
b:lnPanY, and after payment. of Deposit, the application to
retained by'
them.
FORM OF APPLICATION FOR SHARES.
To
No,
'o,.,the Directors of the English and Swedish Bank (Limited).
th.,:entlemen,—Having paid to your Bankers, Messrs.
num of z
That „ Shares Company, I here
in th,ebaeboingveadeposit of £1 perbyShrearqueeosnt
7,1421, Piir„will al'ot me that number ; and I agree to accept
bqliiiiLeitlas a biers or any smaller number that may be allotted to
an„ execute the Articles of Association when re-
eilai,e,;_tuortal shareseig placed on the Register of
''. r t eso allotted.
uNaeamstied ..
eeinneefull
Profession or Business
ret*ur.Virhns eflOr h
Where
taetairetlB6D tile
T.lllllO
1 is re
re d to instead of 1862, the
ear have not been obtainable.

RTermshe inunedi''
OYAL FRC--------------.0
ROSPITAL, Gray's-inn-road,
way inus, at Rao vicut
,s'a, tY of the Great Northern Rail-
Patro oas.
rreBTirdecan:u—relrtEl)nikThe c.ef BQUIICECITEITCH, K.G. •
This was the first hospital Blast rm., r.„
et,sti..ltli sick, principle of fre
and instant admission to -Al to intro e ----' --1,
mality of governors' lettera-e It is "`eol'iwithout the foretution in its most pitiable i, .
disle.7l:llLni:t which is accom-
.,lY devoted to desti-
vport,
it
tnmow of sufficient
pgnied by sickness and
mag-nitude that, with adequate"
capable of admitting into its warc7,F,4
the casual sick of this great metrn'na,,,.v,ery largeaY be rendered
funds in order to have 500 beds availablefellow_ for thr requires but the
it gratuitously allords medical adviaO_teatures.rece
Moreover
of
on the average, than 3,000 out.pattoote._d rnedtdo:',Oreover,
a week to more,
The Weekly Board feel it their imperative •
EANEST APPEAL to the public for e,, duty to
i make a
to enable them to admit and reheve the dig tj2Ln, 'led imp 11
daily present themselves. ----.•ing cases that
Contributions are received by the Treasnre. ...
tit Mastertnan, Esq., Nicholas-lane; also by Messrs. eo"dward
Co.; Drummond and Co. Co.;Herries and Co. ;
Rancts and
Co.; Prescott, Grote, and Co;C; Smith, Payne, and 65:m ' find
and Co. ; Jones Loyd and Co. ,• Barclay and Co. ; Denison
and and Co.; w fifams, Deacon, and Co. ; Overend, Gurney,ln
Co. ; Nisbet and Co. ; Messrs. J. darned and Co., Liverpool--
and at the Hospital.
STANFORD S. SMITH Secretary