The Sun.
London, England, 1865-07-01 00:00:00

INTEREST.

For three years 6 per cent. per annum.
For five years
For seven years .. 7
Interest payable quarterly—viz., on the 30th March, 30th
June, 30th September, and 30th December in each year, at the
Company's Bankers.
The distinctive feature in the debentures issued by this
Company is their perfect security ; the amount of the capital
subscribed, paid-up, and uncalled, and the general invested
assets of the Company, as well as the large reserve fund,
affording the most ample security to the investor.
These Debentures are issued payable to bearer, and can
thererore pass by simple delivery from hand to hand, without
endorsement, and are free from any further stamp duty.
They are also issued—to meet the requirements of Trustees
and others—transterrable by Deed only, to be duly registered
in the Company's Books in the names of the Investors or
their Assigns.
Forms of Application can be obtained of the Secretary, to
whom all communications must be addressed.
By order of the Court,
ALFRED LOWE, Secretary.
London, 17 and 18, Cornhill, June 15, 1865.

DEPOSITS
RECEIVED BY
THE CREDIT FONCIER AND MOBILIER
OF ENGLAND (Limited).

RATES FOR MONEY ON DEPOSIT.

- - -
This Company receives MONEY ON DEPOSIT in sums
of £lO and upwards at the undermentioned rates from this
day UNTIL FURTHER NOTICE, viz. :
At 14 days' notice
At one month's notice 3j per cent. per annum.
FOR FIXED PERIODS OF
Not less than 3 months and up to R months, 4 per ct. per an.
Beyond 6 months and up to 9 months 44 per cr. per an.
Beyond 9 months and up to 12 months 5 per ct. per an.
Beyond 12 months and up to 24 months 54 per ct. per an.
Forms of application can be obtained of the Secretary, to
Whom all communicltions must be addressed.
By order of the Court,
ALFRED LOWE, Secretary.
17 and 18, Cornhill, London, June 15, 1865.

BARNED'S BANKING COMPANY
(Limited.)
Incorporated under " The Companies Act, 1862."
Capital, £2,000,000, in 40,000 shares of £5O each (with
power to increase), of which it is intended to call up
more than £2O per share.
Deposit on application £1 per share, £4 per share on allot-
ment, £5 per share on Ist September, and the remainder
in instalments of not more than £5 each at intervals of
not less than three months, of which ample notice will
be given.

DIRECTORS.
CHARLES MOZLEY, Esq., Chairman.
J. A. Bencke, Esq. (Messrs. J. A. Bencke and Co.), Liver-

pool.
George Collie, Esq. (Messrs. G. Collie and Co.), Liverpool.
S. Price Edwards, Esq., Liverpool.
John Enthoven, Esq. (Messrs. H. J. Enthoven and Sons),
Liverpool.
Francis Martin, Esq. (Messrs. Martin, Robertson, and Co.,
Gracochurch-street, London), Director of fhe Thames
and Mersey Insurance Company.
Frederick B. Mozley, Esq., Liverpool.
Lewin B. Mozley, Esq., Liverpool.
Joseph Robinson, Esq., Deputy Chairman Ebbw Vale
Company, Laurence Pountney-hill, London.
(With power to add to their number.)
BANKERS.
•
Messrs. Prescott, Grote, Cave, and Co., London.
Messrs. Barred and C0.,-Liverpool.
BROKERS.
Messrs. Brunton and Son, 32, Comhill, London.
Messrs. Helbert, Wagg, and Co., Shorter's-court, Throg--

morton-street.
Messrs. Thomas Tinley and Sons, Liverpool.

SOLICITORS.

Messrs. Maynard, Son, and Co., and Coleman-street,
London.

Messrs. Bateson, Robinson, and Morris, Liverpool.
AUDITORS—Messrs. Hammond Banner and Son,
Liverpool.
SECRETARY (pro tem.)—R. H. Ashton, Esq.
Offices in Liverpool—The Bank, Lord-sfreet.

Temporary Offices in London—City Bank Chambers,
No. 20, Threadneedle-street, E.C.
This Company is formed for the purpose of purchasing
the business of the old-established and well-known private
Bank of Messrs. I. Barned and Co. in Liverpool, and organ-
ising it on the broader basis of a joint-stock company, under
the Limited Liability Act.
The Bank, which was founded in 1809, has done a large
and, continually-increasing business, and there is no doubt
that in its new and extended form still more satisfactory
results will be realised.

The Directors have received most encouraging promises
of support, both in Liverpool and London ; but, in making
the allotment of shares, preference will be given to the
present customers of the Bank.
The purchase money for the business has been fixed at
£160,000, payable by mstalmepfs spread over two years, as
stipulated in the agreement. a this sum, on comparing
it with the profits shown by:" ;Ism. I. Barned and Co. to
have been realised, and their igrarantee of the assets taken
over, cannot be considered other than a moderate payment
for a lucrative business placed at once in the haiads of the
shareholders.

The Bank will take over the business of Messrs. I.
Darned an I Co. as from the Ist of July, 1865, and Messrs.
I. Barned and Co. will guarantee the payment of all debit
balances (including bills and credits running) standing in
their books on that day.
The business will have the advantage of the active super-
vision of the present partners in the Bank, who have agreed
to act as Directors for five years, and will retain a large
interest in the Company.
Messrs. I Darned and Co. are willing to sell at a valua-
tion the present Bank premises, and any of their adjoining
property, if the directors wish to secure it, and, if required,
to leave the purchase money on mortgage for ten years at
41 per cent.
The remuneration of the ordinary Directors is to be fixed
by the shareholders at their annual meetings, but power is
taken in the articles of association to appoint one or more
of their number as Managing Directors, whose extra re-
muneration will be determined by the Board.
Copies of the Company's memorandum and articles of
association, and of the agreement for the transfer of Messrs.
I. Barned and Co.'s business, can be seen at the offices of
the solicitors of the Company.
Application for shares must be accompanied by a pay-
ment of the deposit of £1 per share. In the event of no
allotment being made the deposit will be returned in full.
Should a less number of shares be allotted than are applied
for, the deposit will, so far as required, be applied towards
the payment due on allotment.
Applications for shares will be received at the bankers,
brokers, solicitors', offices of the Company, and at the
following places:—
England—Manchester: Messrs. Cunliffes, Brooks, and Co.
97 Leeds : The Yorkshire Banking Company.
77 Birmingham: The Birmingham Banking Com-
pany.
, Bristol : Messrs. Baillie, Cave, Baillie, and Co.
Scotland—Edinburgh,l Glasgow, Dundee, Aberdeen, and
Dumfries : The National Bank of Scotland.
Ireland—Dublin, Londonderry, Cork, and Limerick : The
Provincial Bank of Ireland.
~ Belfast : The Belfast Banking Company.
The Ulster Banking Company.
*,, here prospectuses and forms may be obtained.

BARNED'S BANKING COMPANY (Limited).
To the Directors of 13arned's Banking Company (Limited).
Gentlemen,—Having paid £ to your bankers, I
request that you will allot me shares in Barned's
Banking Company (Limited), and I hereby agree to accept
such Shares, or any less number that may be allotted to
me, and to pay the calls thereon, subject to the provisions
of " The Companies Act, 1862," and the articles of associa.
tion.

Name in full
Address
Occupation, if any
Usual signature
Date

BARNED'S BANKING COMPANY (Limited).
NOTICE IS HEREBY GIVEN, That no further
APPLICATION for SHARES in the above COMPANY
Will be RECEIVED after TUESDAY NEXT, the 4th
July, at Four o'Clock p.m.
By Order.
R. H. ASHTON, Secretary pm tem.
Temporary Offices in London,
20, Throduo9ll9-Ptroet,E.Ql AUK) 130, 1660.

MAN
• Henry J. Barker, Esq., an
SOLICITORS.
Mr ssrs. Ashurst, Morris. and Co., and
!flews. Edwards and Co.
The Associ Mon receives money on deposit for fixed periods.
Makes advances on approved securities.
Negotiates Loans, and undertakes General Finaneial Busi-
ness.
W. C. WIN TERBOTTOM, Secretary.
27, Lombard-street, E.C.

A.D. 1720.
ROYAL EXCHANGE ASSURANCE
CORPORATION
(Established by Charter of his Majesty George the First)
FOR SEA, FIRE, LIFE, SAND ANNUITIES.
Offices, Royal Exchange, London.
Branch Office, 29, Pall-malL
OCTAVIUS WIGRAM, Esq., Governor.
JAMES STEWART HODGSON, Esq., Sub-Governor.
CHARLES JOHN MANNING, ELK., Deputy-Governor.
Ve/iFfirentitrir gral", onWftibea:TA7-
Robert Barclay, Esq. Wiimot Holland, Esq.
John Garratt Cattley, Esq. Nevile Lubbock, Esq.
Mark Currie Close, Esq. Geo. r Malcolmson, Esq.
Edward James Daniell, Esq. Henry Nelson. Esq.
William Davidson, Esq. Lord Josceline W. Percy.
Thomas Dent, Esq, Charles Robinson, Esq.
Alexander Druce, Esq. Samuel Leo Schuster, Esq.
leredk. Jos. Edlmann, Esq. Eric Carrington Smith, Esq.
Charles H. Uoschen, Esq. Joseph Somes, Esq., M.P.
RlversdaleW. Grenfell, Esq. Wilham Wallace, Esq.
Kobe. Amadeus Heath, Esq. Chas. Baring Young, Esq.
Medical Referee. SAMUEL SOLLY, Esq., F.R.S.
NOTICE. - The usual fifteen days allowed for payment of
FIRE PREMIUMS falling due at Midsummer will expire
on 9th July.
FIRE and LIFE ASSURANCES may be effected with this
Corporation on advantageous terms.
The Duty on Fire Assurances has been reduced to the uni-
form rate of is. 6d. per cent. per annum, from Midsummer,
1865. _ _

No charge is now made by this Corporation for Fire Policy
or Stamp, however small the Asinrance may be.
FAR3IING-STOCK.—No extra charge is made for the use
of Steam Thrashing Machines.
The Reversionary Bonus on British LIFE POLICIES has
averaged nearly 2 per cent. per annum on the sum assured.
Equivalent reductions have been made in the Premiums
payable by persons who preferred that form of Bonus.
The divisions of Profit take place every Five years.
Any sum not exceeding £15,000 may be insured on one
Life.
This Corporation affords to the Assured—
Liberal participation in Profiti—with the guarantee of
a large Invested Capital Stock, and exemption, under
Royal Charter, trom the liabilities of partnership.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the ex-
perience of nearly a CENTURY AND A HALF.
ROYAL EXCHANGE, LONDON.
ROBT. P. STEELE. Secretary.

THE LONDON FINANCIAL ASSOCIATION
(Limited) offer for SALE by Public Tender. L 130,00 ,
being the whole of the A PRIORITY STOCK of the
BETTERING, THRAPS T ON, and HUNTINGDON
RAILWAY, entitled under powers conferred by the said
Company's Acts of Parliament to a Perpetual Dividend of
5 per cent. per annum, payable half-yearly out of the
Profits, in preference to the Ordinary Stock, and ranking
next to the Company's Debentures. •
Interest guaranteed by Messrs. Waring for three years,
from Ist July, 1865.

By the following prospectus it will be seen
that the interest on the Debentures is £3,780
And on the A Priority Stock 6,500

Being together £10,280 annually,
and as the line is to be worked by the Midland Company
for seven years at 40 per cent., a gross receipt of £17,200
per annum will be sufficient to pay interest on the A
Priority Stock as well as on the Debentures.
The coal traffic alone is estimated to produce one-third
more than the above amount, independent of the ordinary
sources of traffic. The A Priority stock is therefore most
amply secured, and presents an eligible investment for
trustees and other parties seeking a security paying a fixed
dividend at a good rate.
With the view of removing any doubt as to the dividend,
and in order to give ample time for the development of
the traffic, Messrs. Waring Brothers guarantee for three
years the interest on the said Priority Shares.
Tenders for the whole, or any portion of the above Stock,
will be received at the offices of the Association, South Sea
House, Threadneedle-street, up to Tuesday, 11th July, at
One o'clock, when the tenders will be publicly opened and
the Stock will be allotted to the highest bidders, provided
the prices offered are not below the minimum, which will
be fixed in the usual manner before the Tenders are opened.
In case of equality of Tenders beyond the amount required
a pro rata distribution on such Tenders will be made.
A deposit of £5 per cent. must accompany each Tender.
The balance to be paid on the 18th July, when the Stock
will be placed in the purchaser's name without expense.
South Sea House, Threadneedle-street, Ist July, 1865.

KETTERING, THRAPSTON, AND HUNTINGDON
RAILWAY.
CAPITAL.
--- -

Debentures £75,600
Priority or A Shares 130,000
Deferred or B Shares lOO,OOO

Total £305,600
DIRECTORS.
General ARBUTHNOT, Woodford House, Thrapston,

Chairman.
William Bunco Greenfield, Esq., 59, Dorchester-terrace,
Hyde Park, W., Deputy-Chairman.
Thomas Pain, Esq., 22, Great George-street, Westminster,

S.W. -
Valentine Hill, Esq., Kimbolton, St. Neots.
ENGINEER.
G. B. Bruce, Esq., Westminster-chambers, Victoria-
street, S.W.
SOLICITORS.

Messrs. Hodding Townsend and Co., 3, Princes-street,
Westminster.
SECRETARY.
Arthur Lankester, Esq.
COMPANY'S OFFICES.
No. 1, Poet's-corner, Westminster, S.W.

This railwayhas been constructed in the most substantial
manner by Messrs. Waring Brothers, within the capital
authorised by the Acts of Parliament 25 and 26 Vict., cap.
173, 2& and 27 Vict., cap. 203. It is 26 miles long, running
out of the Midland system at Kettering, touching the Lon-
don and North Western at Thrapston, and the Great
Northern and Great Eastern at Huntingdon, and will be
opened on the ensuing Ist of August.
The total share capital is £230,000 ; of this the A Shares
amounting to £130,000, are entitled, under powers con-
ferred by the Company's Acts, to a priority in dividend of
£5 per cent. in perpetuity, ranking next after the deben-
tures, so that they are substantially preference shares.
Messrs. Waring Brothers guarantee the interest on the A
Priority Shares for three years from Ist July, 1865. By
the Acts of Parliament the liability of the shareholders is
limited to the amount of their subscription in the usual
manner. The B or deferred shares receive all the surplus
after payment of five per cent. to the Priority Shareholders.
The railway traverses ono of the richest agricultural
districts of England, in which also iron-stone and clay of
fine quality have recently been developed. It is to be
worked under Parliamentary sanction by the Midland
Company, who, by agreement with the Great Eastern
Company, have powers of running onwards from Hunting-
don by St. Ives to Cambridge, so that a complete and most
direct connexion will be established between the whole of
the Great Eastern system and the manufacturing and mine-
ral Midland districts, including Derby, Leicester, Birming-
ham, Nottingham, Sheffield, and the Northern manufac-
turing population. A reference to the map will show the
importance of the line as a connecting link between the
centre and the east of England. The Midland Company
are to work and maintain the lino for 40 per cent. of the
gross receipts during seven years, and for 50 per cent. in
perpetuity thereafter.
The traffic will obviously, therefore, be large. It is be-
lived, indeed, that the transport of coal alone will furnish
a remunerative return upon the capital now offered to
the public. The greater part of that traffic, now going
into the eastern counties by the circuitous route of Peter-
borough, must hereafter go via Huntingdon, as its shortest
and best course. This quantity is estimated at 300,000 tons
a year, which, at the rate of d.i per ton per mile, would
yield £24,375 gross, or £14,625 net after payment of work-
ing expenses. The net return on coal, therefore, after de-
duction of £3,780, the debenture interest, would be £10,845.
To pay the dividend on the Priority Shares only £6,500
(beyond the debenture interest) is required ; so that, unless
the anticipations of those best qualified to judge are greatly
erroneous, there would bo from the coal traffic alone a net
surplus of about .£4,350 annually beyond the dividend on
the A Priority Shares.
And if the general traffic from passengers, merchandise,
cattle, and iron ore should realise only a net amount equal
to that derived from the coal, the Company would have a
clear annual income of £29,000 after deducting working
expenses, whilst the first charges for debenture interest and
dividend on these shares would absorb £10,300 only.
In short, a gross traffic of only £l2 15s. per mile per
week (£25 per mile being the minimum anticipated by the
most competent railway authorities) would suffice to pay
debenture interest and a dividend of five per cent. on the
A or Priority Shares, after deducting working expenses at
40 per cent.

KETTERING, THRAPSTON, AND HUNTINGDON
RAILWAY COMPANY.
FORM OF TENDER.
To the Directors of the London Financial Association
(Limited).
Gentlemen,—l hereby tender for £ of
the A Priority Stock of the Kettering, Thrapston, and
Huntingdon Railway Company, subject to the condi4ons
contained in your advertisement of , 1865,
At per cent. (Price to be inserted here.)
I enclose a Deposit of £ , being at the rate
of 5 per cent. on the said sum of Stock.
Name
Profession or occupation
Address

Atte tiommommitiommoitemm

THE LONDON, WINDSOR, and GREEN-
WICH HOTELS COMPANY (Limited .
Incorporated under the Joint-Stock Companies Act, 1862,
with Limited Liability.
Capital £500,000, in 20,000 Shares of £25 each.
£1 payable on application, and £4 on allotment. .
Future Calls will not exceed £5 per Share, nor be made at
intervals of less than three months.