The Sun.
London, England, 1863-04-25 00:00:00

LONDON BANK OF SCOTLAND
(Limited).
Incorporated under "The Companies' Act, 1862," which
specially limits the liability of each shareholder to the amount
of his shares.

Capital .i 1,000,000, in 10,000 shares of £lOO each, with power
to increase.

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Deposit on application, £1 per share ; payment on allotment,
.R 2 pc r share. Calls not exceeding £5 per share, at inter-
val, of not less than three months. It is not intended to
call up more than £25 per share.

DIRECTORS.
W. W. CAPGILL, Esq., Chairman (Director of the Oriental
Bank Corporation) Threadneedle-street, E.C.
Eugene Co'lins, Esq., 'Metchant, 9, Gracechurch-street, E.C.
E. P. de Colquhnun, Esq., Merckant (Consul-General for
Oldenbirgb), 1, Lawrence Pountney-hill, Cannon-street.
John t.lin, Esq. (J. B. Elfin and Co.), Merchants, Director of
the London, Buenos Ayres, and River Plate Bank, 31, Ab-
church-lane, E C.

Captlin Chas. W. Gordon, M.P., 20, Pall mall, and Fyvie
castle, Aberdeenshire.
Sir J. C. D. Hay, Bart., M.P., 44, St. James's place, London,
and Glenluce, Wigtownshire.
W. J. Marshall, Ea q. (Wilson, Bowles, and Co., Merchants),
incing-lane.
lion. William Nr,pier (Ifanazing Director of the Linds Im-
provement Company), Y, Old Pal .ce-yard, Westminster.
E. Oppenheim, Fsq., Merchant, 150, Leadenhall-street, and
Lloyd's.
11. Spicer, Esq. (Spicer Broth°. s, Merchants', George-yard,
Lon bard-street.
Allred IVAsen, Esq., Director of the Bank of London.

AuDlTons.
David Allardice E' q., Commercial Bank of India.
Robe] t Esq., Auditor of the lioa.bay and Baroda Railway Company.
Henry
in Sherman, Esq. (Levieks and She. man, Merchants), 9,
Kg's Arms-yard. _

BANKERS.
The Bank of London, Threadneedle-street, F.C.
SOLICITORS.
Messrs. Phillips and Son, 11, Abehttrelf-lane, E.C.
BROKERS.
Messr.. Woolley and Coates, Tokenhonse-yard, Lothbury,
E.C.
Messrs. Taunton and Liverpool.
Robert M'Evren, Esq , Co.,Ducle-tuildingro, Exchange, Man-
chester.

SECRETARY.
James Maurice, Esq.
Temporary Offices-4, Royal Exchange-avenue, Royal Ex-
change, London.
PROSPECTS.
More than thirty years have elapseUd since any leading Bank
hats been established in Scotland ; and when the following
circumstances are considered, viz., the extraordinary to
ex during this interval of the of the country; the
ex tension of steam and railway communication; the improved
cultivation and value of the land ; the almost wonderful
growth of some of the chief cities and towns, in population,
Wes.,th, and enterprise ; and the fact that millions pass an-
nually between Scotland and the commercial Metropolis of
the World ; coupled with the universally admitted deficiency
of direct banking accommodation between both countries ;
it will be seen that the present is a peculiarly favourable op-
portunity for successfully introdu ing the London Bank of
Scotland (L mited), and securing it an extensive and profit-
able business.
All financial operations between Scotland and London aro
transacted through Agencies at considerable expense, time.
end trouble, by far the largest proportion both of the Inland
Bills in c rculation in the country, and alto the Foreign Bills
drawn upon Great Britain being made payable in London,
the grand focus to which the pecuniary ransactions of the
Empire are ultimately brought to be adjusted.
This Company will be enabled to offer very considerable
advantages to the public, in the uniform and more economical
charge for the collection, transmission, and liquidation of
bills, money, exchanges, and other business transactions
between Scotland and London. The remarkable success
attendant upon banking institutions connected with this
country, whether for Ireland. the Continent, or the Colonies,
proves that an establishment in London facilitates business,
whilst large profits are secured. N ne of the existing Scotch
Barks possess this advantage; and the London Bank of
Scotland is eslablis..ed to meet so great a monetary desi-
deratum.
A scorroborative of the necessity which exists for extended
bans ing facilities, it may be also stated, that during the
above-mentioned period the external trade of the country
has more than trebled itself. The returns published by the
Bosrd of Trade show that the exports in the year 183:
amounted to £32,000,000, while in 186) they reach( d
.W 5,842817 ; and tlit the aggregate value of he imoi ts in
the year 1854 (when first ascertained) was £152,t p
389,0 3, which
in 1859 amounted to £179,182355.
The home trade during the oorresponding period developed
itself to an extent which it'is almost impossible to compute
Regarding these consider tions, and the still rapidly-
expanding commercial relations between Edinburgh, Glas-
gow, Aberdeen, Dundee, Perth, Inverness. Paisley, Stirling,
and other important pia. es in Scotland, with London, it has
been decided to constituting thisßank to take powers to o, en
Branches, as cir limstances may warrant, in the above cities
and towns, commencing first in Edinburgh and Glasgow,
with a Head Office in London.
The administrat on of the London Bank of Scotland and
its Branches will be superintended by men of sound practi-
cal, 'commercial, and financial knowledge, whose position
and antecedents will be a sure guarantee of the careful and
wise management adopted throughout all the details of this
Bank.
The following statement shows the present position of the
leading Joint-Stoek Banks in Scotland • and while proving
the steady and rapid growth of business, Ind' atea the marked
aUocess which these institutions have attained, viz.

C 1) 4.: 1 tj
1 ci. a GL
= a
.. = ~...= 11 la. , -ct .2.1
Nanle.
W Capital. a - I=-.
lil +4
e . . ,
.9
.. 1 4 4
ag ) . ), a a
Z
_____
_____
_____
Commercial Bank of Soot-
.0 £ £ £ _____
______A
landl
National Bank of Scot-
1810 80 t,coo 100 227 127 'lO
land - . 1825 1,000,000 100 203 1( ' Union Baqk of Scotland 1830 1,000,000 100 i 54 543 9 9
British Linen Company 1746 1,000,000 100 220 120 9
Bank of Scotland ........ 1695 1,000,000 100 209 109
]loyal Bank of Scotland.. 1727 2,000,000 100 160 60 7
National Provincial Bank
of England ...... ..... 1833 720,000 42 121 300 18
Provincial Bank of Ire
land .................. 1825 500,000 20 86 250 20
____

As a productive Investment, nothing has ever equalled the
capital employed in Joint-stock Banks ; and under the
Limited Liability Act, the shareholder obtains at the same
time a perfect security for the limitation cf his risk. The
dividends upon the shares in the London Joint-stock Banks
range up to 24 per cent, while those upon Colonial Banks
vary from 10 to 30 per cent per annum : the stock in all cases
being at a high premium, ranging from 80 to 300 per cent.
Official Auditors will be nominated to audit the ace- nnts in
acc,rdance with the Act of Parliament, and the kirectors
will publish their accounts of the Finances and business
operations of the flank, at stated periods.
Out of the profits annually a sum will be placed apart to
meet continl:encies, and it is stipulated in the articles of
Asso,iiation that no dividend shall be paid exceeding 9 per
cent. per annum, until thin sum reaches £lOO,OO i, or such
other sum as may be hereafter deemed expedient; it is also
stipulated therein, that no advances shall be made on mines,
Machinery, or doubtful or speculative securities, nor upon
any ease of security not easily negotiated, or of a perishable
nature.
Carried
Every description of legitimate banking business will be
on by this Establishment.
Prospectuses and Forms of A,,p-ication for Shares may be
obtained from the Bankers, Brokers, Solicitors, or the Secre-
tary, at the Temporary Offices of the Company.
Applications for Shares must be made in the Form annexed
to the Prospectus, scam puled by the Deposit of .£l. per share.
If no Allotment be made, the Deposit will be retuned in full ;
end it a less number be allotted than is applied for, the sur-
plus will be used towards the payment on Allotment.