The Sun.
London, England, 1862-03-13 00:00:00

As per the Accounts for the Ha]
ending Dec. 31, 1861.

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London and Wes-
t-1
minster
London Joint-
stock
Union Bank of
London
City
Bank of London..
London & County
National Provin-
cial Bank of
England .. • • • •

1,000,000 15,384,785
600,00011,381,757
720,000!11,795,232
300,000,1 3,06,782
300,000 1,927,907
500,0001 6,483,900

not
published

600,000'

The Current Accounts and Deposits held by the Joint-stock
Banks in London en the 31st December last amounted to a
total of £50,180,363, being very largely in excess of the cor-
responding period of last year.
These results:have been achieved whilst the existing law
rendered the whole property of every shareholder liable for
the debts and engagements of the Bank.
The law, however, was most wisely altered in 1858, and
banking companies are now permitted to be formed on the
principle of limited liabiility. Already several Banks have
been so constructed, and it is stated by the Directors, that
whilst the law has placed a limit on the liability of the share-
holders the business of the Bank has been considerably ex-
tended and increased.
Although during the last 25 years the Port of Liverpool
has more than doubled itself in population and wealth. and
the commercial intercourse between the Metropolis and Lan-
cashire has been prodigiously augmented, no new Bank has
been established in Liverpool during that period. And it is
further worthy of remark, that no Joint-stock Bank which
embraces London and Liverpool within its own independent
business operations exists at present.
The Directors believing that there is ample room for further
banking accommodation in London, and having regard to the
increasing trade and opulence of Liverpool and its vicinity,
are of opinion that the time has arrived when a new Bank
may be established under limited liability with every pros-
pect of perfect success.
It is proposed, therefore. to establish the Alliance Bank of
London and Liverpool (Limited), with the head office in
London and branches at Liverpool, and, in due course, at
such other places as the interests of trade may require.
The Alliance Bank of London and Liverpool (Limited)
will—
Open Current Amounts and allow Interest on MiniMlllll
Monthly Balances of not less than £200;
Receive Money on Deposit at Interest;
Grant Drafts on its Branches ;
Issue Circular Notes and Letters of Credit for all parts
Europe and elsewhere;
Undertake Agencies of Foreign and Count„ Banks ;
Effect Purchases and Sales in British and-Poreign Stocks,
Shares, and Securities, receiving the Dividends thereon, and
collecting or negotiating Coupons, &c. ;
And transact every other description of Banking business.
The Directors purpose calling up only £25 per share, thus
leaVing £75 per cent. as a guarantee fund to the depositors,
reserving the power to issue amongst the proprietors for the
time being such portion of the unallotted Shares at such
peArioddespoansicit oofn£sillephertesrhniszseams theyust bur paid see fit.
aid to the Company's
bankers at the same time that the application for shares is
made, according to the subiolned form.
Offices, No. 34, Gracechuroh-street,
Forms of Application for Shares may be obtained from the
Brokers Messrs. J. and J.Whitehead, Moorgate-street, Lon-
don ; ail 7 Messrs. G. and T. Irvine, Liverpool ; or the See_
(....navingpopoalid(Ltoimlyotured).
FORM OF APPLICATION FOR SnAnzs.
rLeotanrydo,na,tEthee. Company's
To the Directors of the Alliance Bank of London and Liver-
per share on shares in the above
Company, I hereby request that you will allot me that num-
ber,be Gentlemen,—Having egan
ntalded miebankers the SAM of £
peoagnsirteeof 41
(according to the form prescribed by the
Articles
number you may allot me, and to execute the Articles of
Association when required ; and I request that my name may
b
to accept such shares, or any less
placed on the register of shareholders for the shat CFI so
allotted
rticles of Association)

.......
Residence.
Name in full t ..........
.......
.........
Profession or business,
.'....
Date....

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