The Sun.
London, England, 1865-11-03 00:00:00

PROSPECTUS.
The marked success which has attended the operations of
the Credit Ponder and Mobilier of England (Limited) is
almost unexampled in the history of any commercial un-
dertaking.
The results of its operations have been so satisfactory,
that, as will be seen by the half-yearly report just issued,
a dividend and bonus up to the 30th September, at the rate
of 40 per cent. per annum has been declared, being the
same dividend and bonus as was paid for the previous half-
'Year.
Besides these unprecedented results, the Company is in
Ilnuihe ,I"SetSSiOn, UP to 30th September, of a general reserve
' of £200,000, of a dividend reserve fund of £lOO,OOO,
and has profits in hand vide the same period, after paying
the above-mentioned did and bonus of £50,80545. 9d.,
the Paid-up capital being £500,000, making in all X 850,805
'lB- 9d., or above £8 103. per Share.
The following is the business transacted by this Com-
This Company negotiates loans for colonial and foreign
(lovernments ;
Co-operates in the financial arrangements of British and
other railwaYs
Makes advances to Corporations, Town Councils, and
other public bodies;
Negotiates loans for public works;
Assists in the introduction of industrial and commercial
undertakings;
....Makes advances upon approved stocks, shares, bonds, etc.
tMakes temporary loans upon eligible freehold and lease-
oo, securities, and generally transacts such other financial
n„„118°Iess as is suitable to the capitalist, whether as principal
wi agent.
b,7,he greatly increased and still increasing amount of
estness offered to this Company, both by eminent private
'p
otting
Plis, companies, and corporations, has decided the Court
Directors to make their second issue of Shares, by al-
the remaining capital of the Company, consisting
Pf 100,000 new Shares, on which £5 per Share only is
Intended to be called up.
as fol
These 100,000 New Shares the Directors propose to issue
lows, viz.
iq this Pifty: thousand Shares will be issued to the Shareholders
Company who stand registered on the books of the
t,;—PanY, to be allotted to them at a premium of £2 10s.
-r Share, in the proportion of one new Share for every
Ivo Shares now held and
PiftY thousand Shares will be issued to the general public
~licluding such Shareholders as may wish to apply for
jala,ron in addition to, those they are entitled to as Share-
-"-Ters, to he allotted at a premium of a. jos. per Share.
t,„remiums to be received un this issue will amount
4,300 p 000, which will be added to the £200,000 already
ijallding at the credit of the general reserve fund, and will
lulus increase that fund to £500,000. The dividend reserve
40j1)°00inog £lOO,OOO, the paid-up capital will then be
The New Shares will be paid np as follows,
ilo viz.:—
On
ethose issued at £2los. per Share premium to the Share-
u
£1
0 0 per Share on application, being on capital ac-
-1 1 count.
-0 0 per Share on allotment, £1 being on capital
2 10 account, 10s. on premium account.
0 per Share on Ist January, 1866, £1 10s. being
on capital account, £1 on premium account.
2 10 0 per Share on Ist March, 1863, £1 10s. being on
capital account, £1 on premium account.
4-1 10 0 being £5 capital, £2 10s. preium.
On those Shares issued at £3 10s. perm Share premium to
"le general public, the following will be the mode of pay-
'lnuit :
Xi 0 0 per Share on application ; being on capital ac-
-2 10 •0 count.
per Share on allotment; £1 being on capital
1„ account, £1 103. on premium account.
- " 0 Per Share on Ist January, 1866 ; £1 10s. being
on capital account, £1 on premium account.
2 10 0 per Share on Ist March, 1866 ; £llos. being on
capital account, £1 on premium account.
48 10 0 being £5 capital, £3 10s. premium.
These 100,000 New Shares will participate in the next
distribution of profits, pro rata with the existing Shares,
according to the amount of capital paid up thereon ; the
Valuable option will be, however, reserved to the holders
of these Shares of paying upon any of them the whole of
the above instalments at any time previous to the date of
the last instalment, viz., Ist March, 1866, on paying the
Company back interest from the date of such payment to
the 30th September last, at the rate of 20 per cent. per
annum on the £5 on capital account; the Shares so paid
up to be then entitled to the same amount of profits next
half-3 ear as is declared on the existing Shares.
Interest at the rate of 20 per cent. per annum will be
charged on all instalments not punctually paid ; and any
instalment not duly paid will render the previous pay-
ments liable to forfeiture.
The Directors are aware that, in thus admitting the Pub-
lic to subscribe for Shares, at a price so much below their
real value, they are departing from the practice generally
adopted in an issue of New Shares, of offering the whole
of them to the Shareholders; but the Directors aro so im-
pressed with the importance of increasing the area of
influence of this Company—influence second only in im-
portance to capital to a Company like the Credit Foncier
and Mobilier of England—and have had such proofs, in the
result of the issue of Shares a year ago, of the sound policy
of admitting the public to a participation in such issue,
shthat they feel confident of obtaining the approval of the
areholders in the course they have adopted.
The following calculation will guide investors in estimat-
ing the intrinsic value of the Shares, after the dividend and
bonus now declared are paid, and when the issue is com-
pleted
,The Capital paid up will amount to £1,000.000 0 0
The General Reserve Fund 500,000 0 0
The Dividend Reserve Fund lOO,OOO 0 0
—aid, profits not divided 50,805 4 9

£1,650,805 4 9

Equal to above £8 ss. per Share on the whole 200,000
Shares.
So that the public, on Shares.
£Blos. per Share (being
.£5 capital and -£3 10s. premium)g, are being admitted part-
ners in this Company by only paying ss. per Share pre-
mium as premium • £8 5s per Share being actually repre-
sented in value in 'the assets of the Company'
above these advantages, there is the probable Over
ranacnedd
value which will attach to these Shares, in the same way
that the Shares issued to the public at £2 13s. 4d. premium
In SeptenTher, 1864, after ha ' g ceived .£1 per Share in
April last as dividend and boyinnu-s, received £1 per Share in
Pl last as dividend and bonus, are now worth £5 ss. per
.£Sh2air3esiledni. form'
,being
together £6 ss. for wiltaitothe eeypanitd
increase i.
gin ono year more than per
n value on the amount paid for premium.
xiToho ,
eo,oDooirectors feel that with a paid-up capital of
a general reserve fund of £500,000, a dividend
hserve fund of £lOO,OOO, making a total of £1,600,000,
,husieY will be in a position to meet the exigencies of any
ness that may be brought before them ; it is, however,
Liao intention of the Directors to increase, out of future
profis, the dividend reserve fund to £200,000, being in
Itocordance with the plan announced in the last report, to
nave always in hand one year's minimum dividend at 20
Per cnt. per annum calculated on the amount of the ea,pi-
t4l Paid up for the time being.
1 The Directors further wish to place on record their. d_eelsi_-
,Trate opinion and conviction that this Company 11 d
tined i
the , 11n
a very short period to take a foremost place among
A''ailing monetary institutions of the country.
la APplications for Shares may be made in the form an-
(11174, and must be accompanied by the payment of £1 per
for,a e• Should a less number be allotted than is applied
~ the sum paid on account of such application will, so
Pir as it will extend be applied in payment of the sum due
on allotment. '
eopies of the
Propectuses, Forms of Application for Shares, and
hart Half-yearly Report, just published, may be
P °xi application to the Bankers, Solicitors, Stock
i
,am l !okers, or of the Secretary, at the Offices of the Company,
t 8, Cornhi
.14°4(1°n, Nov. 2,11, 1865.

PORII O Form C.—General Public.
F APPLICA.TION FOR SHARES.
INTO (To be retained by the Bankers.)
o the -----
Directors of the Credit Foncior and llobilier of
England (Limited).

(-11-itlernen
_thy • ,
b • lug pan]. to your Bankers* the sum of £
"le
deposit of £1 per Share on Now Shares in
"lcredit Foncier and Mobilier of England (Limited), I
yrequest that you will allot me that number, and I
agree to accept such Shares, or any less number you may
al lot lue, on the terms of the Prospectus, at £3 10s. pre-
--'IIIII Per Shareltllntment
, and I agree to pay the amount duo on
the other instalments as they become due, ? Sign the Articles of Association if required, and I autho-
-lise you to insert my name on the Register of Members for
Luc number of'Shares so allotted to me.
.

Usual Sign•;ture
Name in full
Residence
Profession
Date 1865
* Insert Bankers' names.