The Sun.
London, England, 1863-10-12 00:00:00

COUNCIL OF DIRECTORS.

ILI" Prince Leo Sapieha, President of the Gallician Diet,
and Member of the Austrian Reichsrath.
Somerset A. Beaumont, Esq., M.P., London.
Baron Erggelet (Henikstein and Co.), Banker, Vienna.
G. G. Glyn, Esq., M.P., Banker, London.
Count Euzene Einsky, Member of the Austrian Reichsrath.
Charles Klein, Esq., President of the Chamber of Commerce,
Vienna.
Alexander Schroder, Esq. (A. and C. Schroder), Trieste.
Baron Tinti, Member of the Austrian Reichsrath.
S. Winterstein, Esq., Member of the Austrian Reichsrath.
Count Edmond Zichy, Vienna (President of the Vindibona
and Anker Insurance Companies'.
Adalbert Zinner, Esq., Merchant, Vienna.

BANKERS AND FOREIGN CORRESPONDENTS,
Augsbarz—M. Paul Von Staten.
Berlin—Messrs. Mendel ssohn and Co.
Frankfort 0. M.—Messrs. Grunelius and Co.
Munich—Messrs. Robert De Frcelieh and Co.
Paris—Messrs. Me:fief Freres and Co.
Trieste—Messrs. A and G. Schroder.
RANKERS AND FINANCIAL AGENTS IN LONDON.
Messrs. Glyn, 31il1s, and Co., 67, Lombard-street, E.C.
SOLICITORS.
Messrs. BirchatrA, Dalrymple, Drake, and Ward, 46,
Pan a
Talent-street, Westminster, S.W.

BROKER.
George 1.71, Seymour, Esq., 38, Throgmorton-street, E.C.
GENERAL MANAGER IN LONDON.
Franeirs Breuer, Esq. (lately with Messrs. Fruhling, and
Goschen).
Gasse.
Oft Vienna-5,
on 1011, Birchin-lane, Lombard-street, E.C,

PROS? CTUS.
The Company is formed under a direct concession granted
by the Imperial Government, for the purpose of promoting
and extending commercial and financial relations between
Austria and England. These relations are daily increasing
in importance under the influence of the ameliorated political
and fiscal system which has been definitively adopted by the
Austrian Administration and Legislature.
The Company will carry on the ordinary business of a Bank
of Deposit. Discount, and Exchange, and all operations con-
nected with Bankingtransactions and Financial Agency. The
head office will be inVienna, with branches at Trieste,Prague,
Brunn, and other towns in the Austrian empire in which it
may be found profitable from time to time to form establish-
ments.
In England, the interests of the Bank will be represented,
and the business conducted by the English members of the
Board, Messrs. Glyn, Mills, and Co. being the Financia►
Agents and Bankers of the Company.
The 1 Directors point with sati4action to their having se-
cured the services of Mr. Francis Breuer as th it London Ma-
nager. Mr. Breuer's experience of German Commercial and
Financial husiness acquired during 25 years' service with
the firm of Messrs. Fruhling and Goschen—pecu'iarly qualify
him for the efficient performance of the important duties to
which he has been appointed.
The Concession has been obtained by the Directors, and
made over by them to the Company, without consideration or
other charge than the preliminary expenses, which will be
limited to the disbursements made, and are of small amount.
The Company has not been bronght forward until, by car, -
ful negotiation, it has been a'certained that its formation is
desired by the Austrian Executive, and that, besides the grant
of a direct concession, the Imperial Government will be pre-
pared to open an account current with the head office of the
Bank, and to employ the branches of the institution in a va •
riety of ways, in facilitating the revenue collections and other
operations of the Government, not overlooking the import-
ance of the measures which are being constantly directed to
the complete re-establishment of the paper currency upon the
soundest basis.

As some evidence of the satisfactory result of the negotla.
tions which have taken place the directors are authorised to
insert in this Prospectus the following extracts from a Minute
delivered to the Company by his Excellency M. Von Plener,
the Minister of Finance at Vienna, viz.:—
" Referring. to the fact that one of the principal objects of
the establishment of the proposed Anglo-Austrian Bank, is
to facilitate operations in Austrian Securities, and having
regard also to the desire of the Imperial Government to aid
as far as practicable in bringing about a closer union between
the financial and commercial interests of Austria and England
than at present exists, the Imperial Government intends (so
far as it should appear to itself comoatible with the success
of their financial measures—and with any legal direction
Which may ne specially orescribed in ref arence to any parti-
cular operation) to give to the Bank the opportunity of under-
taking such financial operations-whether the issue of loans,
Placing of bonds or otherwise ; as the Government may de-
sire to effect on the London market.
"The Government also intends to open an account-current
With th.e Bank."
There cannot be any question as to the profitable nature of
the field for the operations of a banking establishment in
Austria, conducted on sound principles.
There are few recent changes of more importance and in-
terest than the remarkable advance which Austria has made
due-ng the last few years under the influence of its thoroughly
rev ised policy.
The harmony happily established between the Imperial
Government and the representatives of the different orders of
the State, as assembled in the Reichsrath, has removed most
of the impediments which formerly prevents d Austria from
enjoying the benefits of its vast commercial and agricultural
resources. Supported by the free debates of the Parliament,
the Government has been enabled to enter with vizour upon
If,. fiscal policy founded upon tree-trade views ; and to apply,
inmany directions, measures specially adapted to develope
the wealth and enterprise of the country. River steam navi-
gation has assumed large proportions. The extent of rail-
ways in operation has increased from 1,7(0 English miles in
1855 to nearly 4,000 in the present year; and the railway
system has been actually completed up to a point which
leaves few of the leading districts of the empire unsupplied.
Still more important has been the marked increase in the ac-
tivity of private trade and in the magnitude of individual
enterprise; and that this altered state of things is solid and
real, is sufficiently attested by the great recovery of the Aus-
trian finances during the last two years. Under the measures
passed in 1562, the paper currency is in rapid process of re-
form—and since June of that year, the Exchange on London
has improved from 140 to 110 in favour of Vienna The rise
in the price of Austrian Government Stock, since the same
date, being equal, upon an average, to 22 per cent.
thlenithe speech delivered by the Emperor, at the opening; of
ininmettichsrath, in June last (186:1), he was able to dwell pro-
ne finances
on the improved aspect of affairs, and to state that
require
empire have so rapidly improved during
uPiraerlithcaeeraseonfttrYhe
recess that the Government will not now
deficiences twelve millions of forMs voted last year to cover
then anticipated.
Between 1851 and 1561 the export and import trade of
Austria may be said to have doubled but even at its present
amount of. say, 50 sterling, it is still very far below
the capabilities of the 40 millionss Austrianrea
o t2 subjects,4o
oo
square who
inhabit provinces extending to an
miles, in the most fertile and diversified parts a Southern
Europe.
When it is proposed, therefore, to extend to Austria the
appliances of Banking, according to sound English Princi-
ples, it is important to bear in mind that the new intstitution
is not carried to a field already full or offering few advan-
tages, but is applied precisely under those circumstances
in which the success of Banks has been most conspicuous—
viz., to a rich country, and an enterprising people entering
with every encouragement upon the development of their
skill and their resources.
In the statutes, as passed by the Government,lmperialfiri
capital is divided into Shares of £5O or 500 ea cli , but,
in consequence of representations made to the Dieraecditloyrsn-,eagnod-
in order to render the Shares of the Bank more r
tiable in the principal money-markets of the Continent,te the
Government-has been solicited to authorise £2O as h
de-
nomination of the Shares, and an assurance has been received
that such application will be granted.
To avoid delay in the estabiishment of the Bank, it has
been decided to issue the capital in Scrip Certificates of £2O
each, exchangeable hereafter (at a date to be announced. and
when £6 has been paid thereon) into Shares to bear as above
stated.
Under the revised Austrian Commercial Code, the payment
per £2O Scrip Certificate, equal to 30 per cent. of the
capital, will enable the Bank to commence business at once,
with the advantage of limited liability, and without further
demands upon its shareholders.
A Copy of the Concession and Statutes will be deposited at
the office of the Solicitors to the Company, 46, Parliament-
street, W estminster.
,Tollie Applications made in London for Scrip Certificates
txtlt.li he addressed to the Directors in England at the Offices
aeeon,e Company ; but no application will be considered, unless
for if:Panted by the receipt of Messrs. Glyn, Mills, and Co.
puloietdt:e%t!eposit of' £2 per Scrip Certificate on the number ap-
,
deposit will be returned in the event of the application
almlied acceded to ; and. it an allotment he made, it will be
Pornmunr. aPs the full deposit of £4 per Scrip Certificate,
at the onic'e-a-Pplication maybe obtained and will be received
Offioceetoi,bieor:ii,6.o.lthhithe Bank in Vienna ; and in London at the
-lane, Lombard. street, E.C.,
To tne Dir,et
FORM Op A-pp
_LICATION FOR SCRIP CERTIFICATES.
Gentlemen,..flis Jn.,l;:inieglsa,:dooff
zthe Anglo-Austrian Bank.
ustrian
Glyn, Mills, imiZtvoing
that your will allot paid to your credit, with Messrs.
I hereby request
in th" Anglo_ k n.le Scrip Certificates of £2O each
such Scrip Certificates
allotted to me, upon 114nk, and I hereby agree to accept
or any smaller number that may he
ot, Atertns of the Prospectus, and to pay
flue further deposit
her allotted to me, at 8 irr ScriP Certificate upon the time and such manner as you
may appoint, uc _

1 am, Gentlemen.
Name in Lull
Addreaa in full
Occupation
Date

ANGLO,-AUSTRIAN THE STRIAN BANK.
AA NOTICE IS 1TE,13 That NO FARTHER
APPLICATION for f-IlA4.l_l_4:§_will be received after Twelve
o'clock TO-MORROW (TUESD/IY), the 13th October.
FRANCIS BREUER, Manager:—
10, Birchin-Ane,
Lombard-street, EX.,
October 12,1-