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

SECRETARY.

'`~':

PROSPECTUS:
The marked success which has attended the operations of
the Credit Foncier and Mobilier of England (Limited) is
almost unexampled in the history of any commercial un-
dertaking.
th'al:he results of its operations have been so satisfactory,
Ty as will be seen by the half-yearly report just issued,
a dividend and bonus up to the 30th September, at the rate
0
per cent. per annum has been declared, being the
same dividend and bonus as was paid for the previous half-
9ear.
ihenesides these unprecedented results, the Company is in
fond of up to 30th September, of a general reserve
and of £200,000, of a dividend reserve fund of £lOO,OOO,
thhas profits in hand up to the same period, after paying
e afVe-reentioned dividend and bonus of £50,805 4s. 9d.,
:4',T
48d-uP capital being £500,000, making in all £850,805
Poll bove £8 10s. per Share.
The' wing is the business transacted by this Com-
rally
o,This Company negotiates loans for colonial and foreign
'fivernments ;
otilj:-°Perates in the financial arrangements of British and
mr railways ;
nth akos advances to Corporations, Town Councils, and
ir Public bodies;
egcitiates loans for public works;
I,Lit•ssists in the introduction of industrial and commercial
.111 gs
Xra"B advances upon approved stocks, shares, bonds, dee.
liZakes temporary loans upon eligible freehold and lease-
t, `%.4 securities, and generally transacts such other financial
0_ L
agent ess as is suitable to the capitalistrwhether as principal
The
.37ti
busil ~ greatly increased and still increasing amount of
'-'esa offered to this Company, both by eminent private
of /is: companies, and corporations, has decided the Court
1
'rectors to make their second issue of Shares, by al-
of the remaining capital of the Company, consistinF
14"0,000 new Shares, on which £5 per Share only is
ceded
Altows, viz.
to be called up.
f sae 100,000 New Shares the Directors propose to issue
la th;intb°usand Shares will be issued to the Shareholders
,-- -01npany who stand registered on the books of the
peraanY, to be allotted to them at a premium of £2 10s.
two sharesn the proportion of one new Share for every
it now held ; and
Y.thousand Shares will be issued to the general public
haer,,licilPg such Shareholders as may wish to apply for
hod -8 Jul addition to those they are entitled to as Share-
ers, to be allotted at a premium of £3 10s. per Share.
to 4:311en Premiums to be received upon this issue will amount
stan,e,"o, which will be added to the £200,000 already
thusrig at the credit of the general reserve fund, and will
fond
increase that fund to £500,000. The dividend reserve
£lO being £lOO,OOO, the paid-up capital will then be
.ne
Oh hose
ev Shares will be paid up as follows,:—
Eoipose issued at X 2 10s. per Share premium to the Share-
:
41. 0 0 per Share on application, being on capital ac-
-1 10 count.
0 Per Share on'-allotment, £1 being on capital
2 10 account, 108. on premium account.
0 per Share on Ist January, 1866, £1 10s. being
2 10 on capital account, £1 on premium account.
0 per Share on Ist March, 1863, £1 10s. being on
capital account, £1 on premium account.

oOn being £5 capital, £2 10s. premium.
„ those Shares issued at £3 10s. per Share premium to
ILiklleengte:_neral public, the following will be the mode of pay-
.£l 0 A
per Share on application ; being on capital ac-
-2 10 count.
0 per Share on allotment; £1 being on capital
account, £1 10s. on premium account.
1 10 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
thstribution 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 tobe then entitled to the same amount of profits next
half-3 car 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 are 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 llobilier 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,
that they feel confident of obtaining the approval of the
._shareholders in the course they have adopted.
The following calculation will guide investors in estimat-
pg the intrinsic. value of the Sharesw, after tho dividend and
"°l'lls now declared are paid, and hen the issue is com-
pleted:
The 6apital paid up will amount to X 1,000.000 0 0
The General Reserve Fund 500,000 0 0
The Dividend Reserve Fund lOO,OOO 0 0
In hand, 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.
i
So that the publi on subscribing £8 beingr Share (be ng .£5 capital and £3 10s. premium), are admitted part-
ners in this Company by only paying ss. per Share pre-
Izium, as premium ; £8 ss. per Share being actually repre-
sented in value in the aesets of the Company. Over and
above these advantages, there is the probable enhanced
value..l which will attach to these Shares. in the same way
In. t tho Shares issued to the public at £2 13s. 4d. premium
in September, 1864, after having received £1 per Share in
April last ass ividend and bonus, are now worth £5 ss. per.
Share prem
X 2 13s
. . 4d. forte
making together £6 ss. for what they paid
being in one year more than 140 per cent.
increase in value on the amount paid for premium.
The Directors feel that with a paid-up
c,apital of
Al,OOOOOO, a general reserve fund of £500,000, a dividend
they fund of £lOO,OOO, making a total of £1,600,000,
eY will be in a position to meet the exigencies of any
business2t that may be brought before them ; it is, however,
the intention of the Directors to increase, out of future
profits, the dividend reserve fund to £200,000, being in
eve with the plan announced in the last report, to
Llper always in hand one year's minimnm dividend at 20
cent. per annum, calculated on the amount of the capi-
paid up for the time being.
, The Directors further wish to place on record their deli-
rate opinion and conviction that this Company is des-
tliilleed in a very short period to take a foremost place among
110-14 leading monetary institutions of the country.
plications for Shares may be made in the form an-
_°r, the sum
,sl,3zeti, and must be accompanied by the payment of £1 per
f "aro. Should a lees number be allotted than is applied
paid on account of such application will, so
Ear as it will
on allotment, extend, be applied in payment of tho sum due
rPirusPeetuses, Forms of Application for Shares, and
es of the Half-yearly Report, just published, may be
I'lakd °II application to the Bankers, Solicitors, Stock
17'41E0ra, or of the Secretary, at the Offices of the Company,
19114,18, Cornhill, E.C.
'0"00, Nov. 2, 1865.

Form C.—General Public.
FORM OF APPLICATION FOR SHARES.
No (To be retained by the Bankers.)
To
the Directors of the Credit Foncier and Mobilier o:
England (Limited).

Gentlemen
tell, aving paid I:your Bankers* the sum of £
hern desit of .£1 per Share on Now Shares in
Credit Poner and Mobilier of England (Limited), I
.eb3, request that you will allot me that number, and I
•Kree to accept such Shares, or any less number you may
allot
hi; Me, on the terms of the Prospectus, at £3 10s. pre-
-11M per Share, and I agree to pay the amount due on
t? all, and the other instalments as they become due,
Sigli the Articles of Association if required, and I authe-
tise you to insert my name on the Register of Members for
the number of•. Shares so allotted to me.

Usual Signature
Name in full
Residence
Profession
Date
* Insert Bankers' names.

HOME for LITTLE BOWS, Tottenham, N.,
for the Reception, from all parts of the Kingdom, ot
Outcast and Destitute Boys, and those verging on crime,
underlo years ot age.

President—ROßEßT HANBURY, Esq., M.P,
VICE-PRESIDENTS.
Stephen Cave, Esq., M.P. I Sir S. M. Peto, Bart, M.P.
Henry E. Gurney, Esq. i Abel Smith, Esq., M.P.
Samuel Murky, Esq. I

_ _____-TTEE.
Mr Alex. Anderson. Rev. H. M'Sorley.
Mr. E. IL Burrows. Mr. W. J. Maxwell.
Mr. A. D. Chapman. Mr. Alfred Short.
Mr. E. F. Gedge. Mr. Robert Sinclair.
Mr. George Moore. Mr. E. J. Tabrum.
I
Mr. Francis Lycett. Mr. It. T. Turnbull.
Treasurer—W. H. Winans, Esq., 78, Basinghall-street. E.C.
Honorary Secretary—Mr. A. 0. (;harks, 1;6, Suffolk-street,
P.ll-Mall East, S.W
Bankers—Messrs. Smith, Payne, and Smiths, 1, Lombard-
street. I' .C.

comm:

The mode of admission to the House 'is twofold,
Ist. By election of die subscribers. Boys thus: admitted
are received free, boarded, olothed, educated, and Jaught till
they are 11 years 01 age.

With the iiew io se-cure the election of the most deserving
cases, the Committe have from the first diecouraged canvas-
sing, and they do not print any addresses of the subscribers.
The voting papers contain a description of each case, as care-
ful y investigated by the Committee, and with this informa-
tion the subscribers are able to judge for themselves as to
those most eligible for free admission.
This Mme was opened in April, 1864. It was designed to
take i the little ones whose charact r and circumstances
disqualify them for the Orphan Asylums, and whose tender
age precludes their admission to the Refuges. Such are th. se
who, from neglect, are already on the road to ruin. Such are
those who have been deserted by their natural protectors and
left to beeoome idle wanderers. Such are those whose
parents may have at one time or other received parish relief,
and who are now friendless orphans. Such are those whose
parents are breakers of the law, or are in prison, and who
train their children in the same path. Such are those whose
evil associations have already had their painful effect, and
must lead them to a life of crime and misery.
There are now 50 little inmates irom about four years of
age to 10. There is room for nearly 10., and the Committee
would joyfully see the Home filled at once ; they only wait
for the neces,ary subscriptions.
The Committee feel constrained to plead for those who
cannot thus plead for themselves ; and, referring to the cir-
cumstances of some who have been already admitted, they
ask—ls it right to make a widow and her tamily paupers for
lite because one of them (the naughty boy of the lam ly) runs
wild in the streets and is beyond her control? Is it kind to
tell her, because she has so large a family, that you will not
help her to put one of them into a Home. but that they must
ail go into "the house ?" Is it doing the best we can for the
little destitute orphan to send him to the workhouse. Is it
doing to others as we would they should do unto us that when
these little ones have unnatural parents who turn them into

the streets, or force them by ill-treatment to "run away,"
none of us shoo' d be found to care for them, to speak a kindly
word to them, to befriend-them, to house and clothe th.m ?
Shall we leave them still on the doorstep, passing by on the
other side, or else exclaiming "Am I my brother's
keeper ?"
The necessity for an Institution for these little ones is evi-
dent from the police statistics, which show that in London
alone, in one year, no fewer than 311 boys under 10 years of
age, have been apprehended for various offences, 79 of whom
were convicted and punished, while the bulk, 232 were dis-
charged by the magistrates with a rebuke, as being too
young to punish, though not too young to learn the beginnings
of crime. On the other hand, there are numbers who, but
for the timely help afforded by such an Institution, must
otherwise become paupers, and losing all ideas of self-reli-
ance and selt-helP, be permanent burdens to the State.
Ihe Home for Little Boys has, therefore, been established
to rescae the little ones, to save them from the prison on the
one hand, and the workhouse on the other, and to endeavour
to make them useful members of society.
The daily routine of the Institution present+ all the fea-
tures of a home, a school, and a workshop. The little ones
are cared for as children ; they have their regular meals,
their suitable clothing. their hours of play and amusement,
and their singing class. They are treated as scholars ; every
morning is devoted to school work—reading, and writing,
and ciphering., and Scriptural instruction, with occasional
lessons in objects and other subjects. But they are also
trained to work. As they must all, and that at a very early
period in life, earn their living by the sweat of their brow,
they are here at once taught habits of industry. So the after-
noons are occupied with various industrial occupations—
making brown paper bags for bankers, and white t aper bags
for tradesmen, and door mats and servants' kneelers tor any
who will buy them ; picking the coil for she mats, mending
the c other, &o. Some assist the master in the garden,
digging, planting, watering, weeding, and so forth. By
degrees they are being made useful in the house, scrubbing
and sweeping, while the elder ones ( lcan all the boots,
knives, &c. Iu this way it is sought to fit them for an active
working life.
2d. By payment of ss. a week, made quarterly in advance.
All children must be under 10 y. ars of age at the time of
admission. Those received on payment are admitted at any
time as soon as approved by the Committee,
Elections of children to be admitted free will take place as
frequently as the increase in the annual subscriptions will
had at
tamhoeHeome is ; they will them be held periodi-
cally
Forms of_npliaation for the admission of children may be
and of the Honorary Secretary,