The Sun.
London, England, 1865-11-21 00:00:00

PROSPECTUS.

This Company is formed at the express solicitation of
merchants and others engaged in trading and monetary
operations in the Ottoman Empire, for the purpose of ex-
tending to the mercantile community of Turkey that legi-
timate aid, which, in more favoured countries, is iendered
to commerce by well-conducted banking institutions.
The enormous development of the Trade of Turkey
within the last few years has not been met by any con-
thrums increase of banking facilities ; and when it is con-
sidered that the total imports and exports have risen from
£20.000,000 in 1852 to upwards of £80,000,000 in the year
1864, some idea may be formed of the vast and profitable
field which is open to a bank conducted upon English
principles, and managed by gentlemen possessing a local
and practical knowledge of the country.
In the year 1851 the total number of vessels that entered
and cleared at the port of Constantinople was only 13,069,
tonnage 2,397,316 ; while in the year 1864 the number rose
to 48,939, tonnage 7,433,063. At the port of Smyrna the
total imports and exports in the year 1854 amounted only
to £2,464,525 ; while in 1684 they increased to £8,563,502.
In these great centres of Turkish commerce there is but
one joint-stock bank in existence.
The Ottoman Bank (La Banque Impdriale Ottomane) is
the only bank in Turkey, and the profitable nature of its
operations is evidenced from the price of its shares, which,
with £lO paid, are quoted at £l6, while the last dividend
amounted to 15 per cent. per annum.
The operations of the Bank of Turkey will be strictly
confined to banking business, to the exclusion of anything
connected with the business of a merchant. It will assist
commerce, while at the same time it will avoid, on its own
part, all interference with or competition in trade. This
feature in a bank for Turkey is of peculiar value, and will
secure at once for the Company a clientele of the most
unexceptionable and profitable character.
The Bank will afford facilities to merchants in this country
and on the Continent, for the negotiation of their di afts on
correspondents in Turkey.
Application for Shares may be addressed in the annexed
form to the Directors, and copies of the prospectus may be
obtained at the Offices of the Ottoman Company, 20,
Threadneedle-street, or at the Offices of the Bankers,
Brokers, and Solicitors; but no application will be consi-
-lered unless a deposit of £1 per share on the number of
shares applied for has been paid.
Copies of the memorandum and Articles of Association
may be obtained at the Offices of the Solicitors, or at the
Temporary Offices of the Bank. Copies will be forwarded
by post, without charge, on application to the Secretary.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)

No.
To the Directors of the Bank of Turkey (Limited).
Gentlemen,—
Having paid to your Bankers the sum of .£
being a deposit of £1 per Share on Shares in the
above Company, I hereby request that you will allot me
that number, and I agree to become a member of the Com-
psny in respect of such Shares, or in respect of any less
number you may allot me; and to execute the Articles of
Association when required ; and I request that my name
may be placed on the Register of Members, for the Shares
so allotted.

Usual signaturo
Name in full

Residence
Profession or Business
Date

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