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

. 31.

rr RE EUROPE 1:N BANK (LIMITED).
Formed by the amabi:amation of the Union Bank of
?.::_tland and Fr 11102 (limited), and the English, Belgian, and
Netherlands Bank (Limited).
Capital .£2,0'.0,000, in 90,000 Shares of £5O each.
Subscribed Capital, One Million.
DIRECTORS.
William Macnaughtan, Esq., Director of the Chartered Bank
_Ol built, China, and Australia, Chairman.
Charier B. Colchester Esq. (Messrs. Colchester and Woolner;,
t,PePuty Chairman.
vice-Admiral Burney, Chairthn of the Oriental Commercial
Company.
Sir
James Carmichael, Bart., Chairman of the Submarine
elegraph Company.
naries Cleve, Esq., Merchant, 6, New Broad-street.
Francis
Kuper Dumas, Esq. (Messrs. tiumas, Hankey, and
(?,.), 25, Fenchurelt-street, Director of the London, Buenos
Cltai
anti ver Plat Bank (Limited).
Fbelpßs,i Esq. (Mee ssrs. Phelps and CO. 3, Rood-lane.
—arnet L. Phillips, Esq. (Messrs. L. and B. Phillips and Co.),
1, New London-street.
Jonkheer A. B. Schimmelpcnninck, 25, Fenchurch-street, and
Anaster6
James Duncan Thomson, Esq, late Consul for Belgium at
the Cape of Good Hope, St. Peter's Chambers, Cornhill.
victor
Thorp, Esq., Director of the City Bank._ _ _ _
Victor F. Weber, Esq. (Messrs. Weber and Bidialph), IS,
Philbot-lane.
Augustus Wehner, Esq., Consul for Hanover, G. Lime-street.
Charles Whetham, Esq , Director of the G rent Western Rail-
way Company.

ormEs.
83, King Wi E.C., London.
6, Boulevard des Capucines, facing the Rue de la Paix,
Paris.
bam, Hoek Niewendijk. Amsterdam.
Bierstraat-Westzijde, Rotterdam

The business of the Union
Bo..liankofEeiNendlrainadas Bandrnrkal,nciel,t
and that of the English, n, and N
henceforth be conducted,uenidetarthe above title, at the Offices
in London and Paris, ana at the new Branches of the Bank
now in operation in Amsterdam and Rotterdam.
The Bank having now org tnised a complete system of
Agencies, is prepared to negotiate and collect Bills and
Tolland,
Drafts and Credits upon. the Branches in Paris and
Rolland, 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
Branches in Belgium.
Coupons of Dividends on Foreign Securities, payable in
the United Kingdom or elsewhere, are negotiated by the
Bank on favourable terms.
Deposits received for such periods and at such rates of in-
terest as may be agreed upon.
Current Accounts opened, and every description of banking
business transacted.
BY order of the Board, •
JOHN W. MOLLETT, Secretary.

THE ENGLISH and SWEDISH BANK
(Limited).
Incorporated under till 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.
Deposit, £1 per share on application, and £2 on allotment,
and a further sum of £2 per share within two months
from ahotment. 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).
H. Johnson, Esq. (Messrs. John Johnson and Son).
-Edward Johnston, Esq. (Me ssrs. E. Johnston, Son, and Co.)
Adam Kennard, Esq. (Consolidated Bank).
William Tottie, Esq., Swedish and Norwegian Vice-Consul
(Messrs. Charles Tottie and Sons).
Christoph-z Wegulin, Esq. (Messrs. J. Thomson, T. Bonar,
and Co.)

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

SOLICITORS.
Iressrs. Dawes and Sons, 9, Angel-court, Throgniorton- street.

BROKERS.
Messrs. Laurence, Son, and Pearce, Bartholomew-lane.

SECRETARY (PRO TEM.)

James Fraser, Esq.
Offices-1,
.Copthall Chambers, Throgmorton-
steet, E.C.

PROSPECTUS.
~The otiect of this Bank is to supply the great requirement
additional Banking accommodation in Sweden, and to
!I'd a medium for the already important and constantly
licreasing financial transactions teiween that country and
~ogland, as well as for the large Banking operations which
aule trade of Sweden with 1 he East and West Indies, America,
nd the Brazils centres in Loudon.
The trade and industry of Sweden have made rapid pro-
lgroess during the last thirty years, but, more particulany dur-
n,the last ten years. The value of imports and exports,
which amounted In 1852 only to £4,725,0u0, rose in 1861* to
.10,42, 221 showing in increase in the nine years of about
126 percent.
England participated in this import and export in 1852
to the extent of £1,214,777, and in 1161 to the extent of
X 3,276,332.
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 Exchancre of Stockholm and Gothenburg, amounted in
1552 to—

£1,269,606 Banco m 21,013,422 fr,3,752,871
and in 1862 to
£3,273,790 Banco m 44,688,541 fr. 15,458,434

Showing an

crease-in the 10
years of . £2,001,184 Banco m 23,675,029 fr. 11,705,553
toormerly Sweden had to import large quantities of corn,
but improvements in the system of farming, and an extended
cultivation of land, leave uow annually large quantities for
exportation. The total export of all kinds of grain in 1852
only amounted to 132,125 quarters, but rose in 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, the prospects for the future are still more
promising, for an extensive and judicious system of railways
in a'l directions of the country is gradually removing the
ddliculties and reducing the cost of .ransport, which have
hitherto proved great obstacles to the production ot the bulky
articles forming t,,e t-taples of Sweden, and the system of
frce trade which the country has adopted cannot fail to assist
materially in Ufa development of its great resources, and in
extending its commerce.
The banking facilities and circulation of the country have
tot kept pace with the pr, gress of its trade.
k 52 there were in Sweden a State Bank, with
a paid-up capital of
And eight Joint-Stock Banks, with an aggregate
281,649 Paid-up capital of

£1,351,979
AIId
Zainst present capital of the State Bank £1,333,333k
or twenty-nine Joint Stock Banks now existing 666,65c1

£2,000,000
The total circulation of notes amounted at the end
Ti
1862, to
e total circulation a notes amounted at the eud
of 186 s to
These figures show that while the foreign trade of the
e(3),lllltry has increased by 126 per cent. in two years, therehas
been an increase in ten years of banking capital only to the
extent of abouteen
50 per cent., and in the circulating medium
The '
business of the State Bank and of all the Joint-Stock
rnaks with one exception, consists prino.pally in granting
,'„ans and credit against securities of different kinds and per-
-"TIM guarantees, and they have done little to encourage de-
Powts or discounts of bills.
Bake Stockholm Enskilda Bank is the exception, This
was established towards the end of 1856, with a paid-
capital of about Z 56,000, and it deserves spe3ial mention
aimed at
lonrenintsragisknilfgul management, which has particularly
deposits, and at discounting Inland Bills of
Xehange. The results of its operations have been very
Buccessfui, At the end of 1862 ft had a reserve fund of
£44,431, having paid dividends of 20 per cent. for 1862 as well
as for 1861. The dt posits with this Bank amounted at the
end of 1862 teg552,750.
The profits of all the other Banks have been highly re-
munerative.
Then old habits of people keeping their money under their
ow
care, and of making payments with cash, instead of
using cheques, still very generally prevails, and owing to the
few channels for discount of Inland Bills, credit sales mostly
quire m
see nl p
tbaonocke ; instead of being represented by
ets are always
costly
is. that while mercantle re-
the
y and 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
confer great benefits on the trade and commercaeaketm
theust
country.
This conviction has led to the establishment of the E
and Swedish Bank nosh
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 de.irable by
the Directors ; and with Agencies at Paris, Hamburg, Am-
sterdam, and other plac,s abroad.
All b;anches are to be under the control of the head estabii lishment in England, superintended by a local Board. Ma-
3:lagers having experience of English Banking will be ap-
Innted, in order to introduce the advantages of that system
anuto Sweden.
The business of the Bank will include :
The opening of current accounts.
The receipt of moneys on deposit at interest.
The purchase and saleot n
Britisht
laonand fso. reign securities.
The granting and negotiation
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.
Ci the Memorandum and articles of Association lie
for inspection at the Office of the Solicitors, Messrs. Dawes
and Sons, and at the Temporary Offices of the Company.
PPlicatissa for Shares must be made in the annexed form,
121nPanied by a deposit of Z 1 per Share.
ospectuses and forms of application for Shares may be
ZiLained at the Temporary Offices of the Bank ; and the
at"don Financis I Association (Limited, I, Threadneedle-
ioceektilwarair
and
Land William liohss and Co., Gothenburg, will
receive applications and deposits for Shares for trans-
°Bto/1 to England.

Th
Coro is Form must be delivered entire to the Bankers of the
be r 13,4111% and, after payment. of Deposit, the application to
eLaired by them.
l\T r°llllE OF APPLICATION rOR SHARES.
0 the Di rectors of the English and Swedish Bank (Limited).
'the sZolonlezo,—Raving paid to your Bankers, Messrs.
That ,
Company,
a deposit of £1 Der Share on
„ wi Shares in the above Comany, I hereby request
at ot me that number; and I agree to accept
,414; atld,
.etso, or any smaller number that may be allotted to
hael, 1;1,4 execute the Articles of Association when re-
reiaokt to
m.y name being placed on the Register of
t 6 4or tlae Shares so allotted.
Name in full
Residence
Profession or Business
* Where t Date
re
turns for th'eTeto 1861 is referred to instead of 1862, the
14" year have not been obtainable.

ItoYAL pitb
in the lint, ~,,E HOSPITAL,
Way Tenninl.lB at" to vicinity Gray's-inn-road,
itail
k, ,
--,WP; B.CTOSS.
. att. • ',I:TEN.
PreSident..... en—lhe ~/
of the Great Northern _
The IN CLEUCFL ILG'
Trews , - Duke of BUC
This was the first b
r—Edward Mastermau, Esq*
the principle
. of free
and instant adroissio2BPltal to introducewithout th for-
mality of governors, i',4.t? the destitute s
tution in its most pitl which is aoeom.
Muted by sickness able form—viz., that
of sufficient
'devoted toe
eat'.
/magnitude that, witr 2 disease, and i
'''''ers. It is entirely
now-e.tmay be rendered
capable of admitting in as support, 1 e proportion of
the casual sick of thine oTts wards a veryl:
large
requires but the
funds in order to have ,-,,,,,at metroolis.
the reception of
""") bed.available for meover,
these the most wretched 0 -- fellow-creatures.
more,
it gratuitously affords inecf, our
edidue to ,
on the average, than 3,0% 4%1 advice and median
it a we K
to make an
The Weekly Board feel it t ir ,0 •ve duty
rati
EARNEST APPEAL to thile- public - continued support,
„„d e for
distressing oases that
to enable them to admit -.4 relieve the
daily present themselves.
Edward
Contributions are received by the Treasurer,
Ars Coutts and
Mae Lerman, Esq., Nicholas-lane; by
by Kes-- Ransom and
Co.
Co' Drummond and . Co. Berries and Co. ;.nd Co. ; Glyn
. ; Prescott, Grote, and ao. • Smith, PaYneA -50 ; Denison
awl Co. ; Jones Loyd and CO. ;Co an`• Gurney, and
and co. ; %Dalian's, Deacon, and Co ; Overend,
Liverpool
Co. ; Nisbet and CO ; Messrs. J, Barn ed and C0.,p0 and at the iospital:
_

STAZTFoziD`S, OUTEE segret4"