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

THE- EUROPEAN BANK (LIMITED).
tti, armedF by the amalgamation of the Union Bank of
land r xnee (limited), and the English, Belgian, and
Netherlands Bank (Limited)
Capital ..£2,000,000, in 40,000 Shares I§lso each.
SubsogibedtiCapit&L;One Million.

- DIRECTORS.
Willi-
Esq., Director of the Chartered Bank
,•4i)_frinula... China, and Australia, Chairman.
a les 11. Colchester Esq. (Messrs. Colchester and Woolner),
Delyaty Chairman.
Asinfiral Burney, Chairman of the Oriental Commercial
James
'3 .
= ,rhear.ileasmes Carmichael, Bart., Chairman of the Submarine
Telegraph Company.
Esq , Merchant, 6, New, Broad-street.
~
raneis Kuper Dumas, Esq. (Messrs. Dumas, Hankey, and
C 0..), 25, •Fenchurch-street Director of the London, Buenos
• 'Ayres, and„River Plate Bank (Limited).
_Charles Phelps, Esq. (Messrs. Phelps and Co.), 3, Rood-lane.
isarnet L. •Phillips,• Esq. (Messrs. L. and B. Phillips and Co.),
~ 1, New, London-street
• onnkheer A. L. Schimmelpenninck, 25, Fenchurch-street, and
Amsterd am.
shmea Duncan Thorns:Ai, Esq., late Consul for Belgium at
.the Cape of Good Ilope, St. Fetes 'a Chambers, Cornhill.
Jonathan Thorp, F.sq•, Director of the City Bank.
' Victor F. Weber, Esq.. (Messrs. Weber and Ilidiulph), 18,
Philpot-lane,
Augustus W diner, Esq., Consul for Hanover, 6. Lime-street,
Charles W'netham, Esq , Director of the Great Western Rail.
way Company. - • ' .•
OFFICES.
83, King Willia-n;street, E.C.,'London.
6, Boulevard des Capucines, facing the Rue de la Paix,
Paris.
Dam, Hoek Niewendijk. Amsterdam.
. Bierstraat-Westzijde, Rotterdam
• The business of the Union Bank of England and France,
and that of the English. Belgian, and Netherlands Ban
henceforth be conducted, under the above title, at theOkiliwcenst
in London and Paris, ana at the new Branches of the Bank
now in operation in Amsterdam and Rotterdam.
The Bank having now org,•4nised a complete system of
Agencies, is prepared to negotiate Bills and
.grAnt Drafts and Credits upon the Branchesin Paris and
Holland, and upon the Agents and Correspondents of the
• Bank in all parts of the Continent and abroad.
Negotiations are in progress for the early establishment of
Br in
sinorDlgiivuidute
'rids on Foreign Securities, payable in
the United Kingdom or elsewhere, are negotiated by the
agreeBneh .1)
.BaDnkepoonsitfsarroeicieritivbelde
Itoerrins.-
orioda and at such rates of in-
-terest as may be
• Current Account, upon.
oPe ed, and every description of banking
business transacted. - 11

By order of the Board,
JOAN W. DIOLLETT, Secretary.

THE ENGLISH and SWEDISH BANK
(Limited).
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 i §hargs of £5O eath.
With power to increase.
It is proposed to call up £2i per share.
subscr
Firsibed issue, 20,000 shares, of which one-half are already
Deposit, £1 per share on application, and £2 on allotment,
and a further sum of £2 per share within two months
from allotment. No call to exceed £5 per share, and at an
interval of not less than three months between each call.
DIRECTORS IN LONDON.
Leopold Brusewitz, Esq., 36, Old Broad-street.
John Alers Hankey, Esq. (Messrs. Hankey and CO Samuel H. Hinde, Esq. (Messrs. Hinde and Gladstone).
J. 11. Johnson, Esq. (Messrs. John Johnson and Son).
Edward J ohnston, Esq. (Messrs. E. Johnston, Son, and Co.)
Adam Kennard, Esq. (Consolidat, d Bank).
William 'I ottie, Esq., Swedish and IN orwegian Vice-Consul
(Messrs. I. harles '1 ottie and Sons).
Christoph,r We,;ulin, Esq. (Messrs. J. Thomson, T. Bonar,
and Co.)

BANKERS.
The Bank of England.
The Consolidated Bank, Lombard-street

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

SECRETARY (PRO TEM.)
James Fraser, Esq.
TemPCxarY Offices-1, LCopthall Chambers, Throg,morton-
street, E.C.

PROSPECTUS.
The °tied of this Bak its to supply the great requirement
oaft f additional Banking' accommodation in Sweden, and to
rd a medium for the already imnortant and constantly
Increasing financial transactions between that country and
thtv,land, as well as for the large Banking operations which
the trade or Sweden with the East and West Indies, America,
and the Brazils centres in Loudon.
The trade and industry of Sweden have made rapid pro-
gress during the last thirty years, but more particular.y dur-
ing the last ten years. The value of imports and exports,
Which amounted in 1852 only to £4,725,0J0, rose in 186 i * to
£10,425221, showing in increase in the nine years of about
126 percent.
E'ogland participated in thi, import and export in 1852
to the extent of £1,211,777, and in 1861 to the extent of
43,276,332.
The trade with the East and West Indies, Brazils, and
America amounted in 1852 to .£836,833, against, in 1861,
The amount of Bills of Exchange sold through Brokers on
the Exchange of Stockholm and Gothenburg, amounted in
1854 to—

and in 1862 to £1,269,606 Banco m 21,013,422 fr,3,732,871

£3,273,790 Banoo m 44,688,511 fr. 15,458,431
Showing an In-

crease in the 10
years of . £2,001,184 Banco m 23,675,029 fr. 11,705,553
k'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 i 852
ly amounted to 132,125 quarters, but rose in 1861 to 1,078,436
quarters, showing an increase in the nine years of about 9/5
pet. cent.
Great as this progress in all branches of the industry of
Sweden has been, the prospects for the future are still more
promising, for an extensive and judicious system of railways
in ad directions of the country is gradually removing the
pith
difficulties and reducing the cost of transport, which have
hitherto proved great obstacles to the production ot the bulky
articles formingstaples of Sweden, and the syst, in of
free trade which the country has adopted cannot fail to assiNt
materially in tha development of its great resources, and in
extending its commerce.
The banking facilities and circulation of the country have
In MA kept pace with the progress of its trade.
1559 there were in Sweden a State wank, with
~
a paid-up capital of
£1 063 333
And eight Joint-Stock Banks, with an aggregate
281,649
paid-up capital of

£1,3.11.979
Against present capital of the State Bank £1,333,333k
And of twenty-nine Joint Stock Banks now existing 666,65C1

£2,000,000
The total circulation of notes amounted at the end
of 1852 to
The total circulation of notes amounted at the end

of 1867!: iO-.7. --
-----
------
--
--.-.:: 3,469,109
These fign.res show that while the foreign trade of the
country 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 only 24 per cent.
The business of the State Bank and of all the Joint-Stock
Banks, with one exception, consists primpally in granting
loans and credit against securities of different kinds and per-
mond. guarantees, and they have done little to encourage de-
porats or discounts of bills.
_ The Stockhol a Enskilda Bank is the exception, This
-Bank was established towards the end of 1856, with a paid-
up capital of about Zi6,000, and it deserves spe3ial mention
paid-
for its skilful management, which has particularly aimed at
encouraging deposits, and at discounting Wand Bills of
Exchange. The results of its operations have been very
successfut. At the end of 1862 it had a reserve fund of
£14,431, havingaid diidends of 20 er cent. for 1862 as ell
as for 1861. Toed posits with this p Bank amounted atw the.
end of 1862 to X 652,750.
muneThe profits of all the other Banks have been highly re-
rative.
l n'he old habits of people keeping their money under their
tm
few channels i still vt-ry generally
care, and of making payments with cash, instead of
using cheques
uce s debts
the
reineautletadi
&prevails, and owin the
acceptances become
only bookor discount of Inland Bills, credit sales mottly
buyers'
ot
that a being
whiler me
quirements are alwperrees,enntteled
rbey.
procure at almost ays costly and often nearly impossible to
ies, so that Dlerchianltsralle, even upon the very site securi-
left for the supply of their ve frequently no otherrnative
pensive foreign credits. requirements than the use of ex-
All circumstances
warrant the eon d
field ion that Sweden
offers an extensive and very profitable
for a New Bank, and at the same time that
of operations
at
confer great benefits on the trade an d such a Bank must
Country. commerce of the
This conviction has led to the establishment
and Swedish Bank. of the English
The head establishment of this Bank will be in London,
With branches at Stockholm, Gothenburg, and suchother
Places in Sweden and Norway as may be found clearableot by
the Directors; and with Agencies at Paris, Hamburg, Am-.
aterdam, and other plau.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 will 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 or British and foreign securities.
The granting and negotiation of loans.
The purchase and sale of bills of exchange.
The discount 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.
Copies of the Memorandum and articles of Association lie
for inspection at the Office of the Solicitors, Messrs. Dawes
and Sons, and at ttie Temporary Offices of the Company.
Applicatisea for Shares must be made in the annexed form,
accompanied by a deposit of X 1 per Share.
Prospectuses and forms of application for shares may be
obtained at the • Temporary Offices of the Bank ; and the
London Financial Association (Limite(P, 1, Threadneedle-
street; and the Brokers', Messrs. Tottie and Arfwedson,
Gothenburg will
Stockholm, and William irohss and Co.,
for
, -
al" receive applications and deposits for hares f trans
fission to England.

r-03,18 Form must be delivered entire to the Bankers of the
11 rel°Ptai nearlY, d
and,them. afte payment of Deposit, the application to
e by r
~, No. OF APPLICATION FOR SHARES.
the lemen,—Having Pala to
'° the.ls—irectors of the English and Swedish Bank (Limited).
Gent
sum of z , your Bankers, Messrs.
being a deposit of £1 per Share on
that you Shares in the above Company, I hereby request
auth $
h will al ot me that number; and I agree to accept
rile ; „ ares, or any smaller number that may be allotted to
taut ',ad to
bhaed, ,
_, execute the Articles of Association when re-
reholleuretfoo
___.6mv name being placed? on the Register of
r e Shares so allotte

Name in lull
Residence
Profession or Busluess
recut Date
ilrl4 the Fear Is referred to instead of 1862, the
Ile atter year have not been obtainable.

.
___________
.... _
RoYAL
way Ara Mediate vicinity of the Great Northern Rail.a‘, Ten Th. FREE HOSPITAL, Gray's-inn-road,
"S, at Ring's-cross.
Pr ~ Patron—The QUEEN.
This
ciple of free
was eStritiieeaost, ....; r
e'friLe
ED:: r odf
mB a
sU Ct
eCr
niL Eat7ll;eCpHr
Esq.i,
nK. G .
and instant e first hospital to introduce
witho tth f
mality of
tution in its e dietsitsiteunttie u e or-
rlciyic'devoted to desti-
s loon . letters .
that which is accom-
pcnied by sick Pitiable form—VlZ., is now of sufficient
magnitude th aesB and disease, and
,4 it may be rendered
at
capable of admiti• with adequate suPP°'" larffe proportion of
the casual sick oiltiß. into its wards a very .'
funds in order to phis great metropolis. It requires but the
for the reception of
these the most wre't""Le COO beds available
fellow-creatures. Moreover,
it gratuitously ader?ued of our fellow-a
medicine to more,
on the average, thaV3 medical advLysa week.
The Weekly Hoard
f,OOO ont-patien
ative duty to make an
EARNEST APPE4,LeeI it their imp I:
eior continued support,
to enable them toad mitto the public _ distressing cases that
daily present themselves relieve the
Contributions are the Treasurer, Edward
received
Coutts and
Mas 1 erman, Esq., Nicholas ne by
also by mows-
Co. ; Drummond and Co.;-la ; s and Co. ; Hansom and
Co. ; Prescott, Grote, Herrie
and CO.;Smith, /woe, and Co. ; Glyn
d Co.;Denison
and Co. ; Jones Loyd and ' Co.;Barclay an ; '
and Co.; W Mates Deaconand • Co.; Overend, Gurney, and
Co.; Nisbet and Co.;Mes /ganed and Co., Liverpool
and at the Hospital. • tars.
Secretary IT
HIT
STLIVFOIPA - s