The Sun.
London, England, 1865-11-01 00:00:00

Ivl
ONerianust have a SUPPER and MUSIC
to
„ It r Gentlemen. Remember, we wait for you at
S' after the Covent-garden Opera and the Theatres.
_____

T" CREDIT FONCIER AND MOBLLIDER
OF ENGLAND (Limited).
Issue of 100,000 New Shares of ZIO each, of which a per
btiehianrge
cownillembe called up by Instalments; no further Call
plated.
The issue will be made as follows :-50,000 Shares will be
allotted to the the general and 50,000 Shares will
be allotted to the general public.
When the above issue is completed,
The Subscribed Capital will consist of 200,000
Shares of .£2O each
The Paid-up Capital . £4,000,000
The General Reserve Fund 1,000,000000 The Dividend Reserve Fund 500,100,000
DIRECTORS.
The Right Bon. JAMES STUART WORTLEY, Governor.
JAMEd LEVICK, Esq., Merchant, King's Deputy-
Artns-yard,
Governors.
S NUGENT DANIELL, Esq.,
mes Childs, Esq., London 11;111lain Dent, sea., Esq.:Chairman of the Thames and
Merle Marine Insurance Company.
Alexander Dunbar, Esq., Old Broad-street, London.
thanes Ellis, Esq., Lloyd's.
Adolphe Hakim, Esq.. Gambill' London.
William Harrison, Esq. (Messrs. Young, Harrison, and
_YBevan), Deputy-Chairman of the Thames and Mersey
artne Insurance Company.
Yiehard Stuart Lane. Esq., Old Broad-street, London.
Charles Stuart
Newbon, Esq.. London.
Beery Pownall. Esq., 3.P.. Russell-square. London.
Mackrill Smith, Esq. (Messrs. Hearin Smith and
.., km.), Old Broad-street, London.
sylveard Warner, Esq.. 3LP., London.
Ja.nes White, M.P., London.
Albert Grant, Esq., M.P., Managing Director.
BANKERS.
The Agra and Masterman's Bank (Limited).
The National Bank, London, Dublin, and its Branches in
Ireland.
Messrs. Smith, Payne, and Smiths.
The National Bank of Scotland, Edinburgh, and its
Branches in Scotland.
SOLICITORS.
Messrs. Newbon, Evans, and Co., Nicholas-lane, E.C.
BROKERS.
Messrs. Laurence, Son, ani Pearce, 7,
morton-street. E.C., London. Angel-court, Throg-
...Messrs. Horgan and Penny, I
meagre. Todd and Ashton. Liverpo oL
Messrs. Shore and Kirk, Manchester.

SECRETARY.
Alfred Lowe, Esq.
OFFICES-17 and 18, Cornhill, E.C.

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-
dertakin g.
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
the possession, up to 30th September, of a general reserve
fund of £200,000, of a dividend reserve fund of £lOO,OOO,
and has profits in hand up to the same period, after paying
the above-mentioned dividend and bonus of £50,805 4s. 9d.,
the paid-up capital being £500,000, making in all £850,805
4s. 9d., or above £8 10s. per Share.
The following is the business transacted by this Com-
Pan :
Thy is Company negotiates loans for colonial and foreign
Governments ;
other-operates in the financial arrangements of British and
railways ;
Makes advances to Corporation; Town Council; and
other public bodies;
Negotiates loans for public ;
Assists in the introduction ofdindustrial and commercial
Undertakings
Makes advances upon approved stocks, shares, bonds, &c.
Makes temporary loans upon eligible freehold and lease-
hold securities, and generally transacts such other financial
business as is suitable to the capitalist, whether as principal
or agent.
The greatly increased and still increasing amount of
business offered to this Company, both by eminent private
firms, companies, and corporations, has decided the Court
of Directors to make their second issue of Shares, by al-
lotting the remaining capital of the Company, consisting
of 100,000 new Shares, on which £5 per Share only is
intended to be called up.
These 100 000 New Shares the Directors propose to issue
as follows, viz.:—
- Fifty thousand Shares will be issued to the Shareholders
in this Company who stand registered on the books of the
torapany, to be allotted to them at a premium of £2 10s.
Per Share, in the proportion of one new Share for every
two Shares now held; and
Fifty thousand Shares will be issued to the general public
(including such Shareholders as may wish to apply for,
Shares in addition to those they are entitled to as Share-
holders, to be allotted at a premium of £3 10s. per Share.
The premiums to be received upon this issue will amount
to £300,000, which will be added to the £200,000 already
standing at the credit of the general reserve fund, and will
thus increase that fund to £500,000. The dividend reserve
fund being £lOO,OOO, the paid-up capital will then be
£1,000,000.
The New Shares will be paid up as follows,On those issued at £2 10d. per Share premium to the Share-
holders :
*
£1 0 0 per Share on application, being on capital ac-
count.
1 10 0 per Share on allotment, £1 being on capital
account, 10s. on premium account.
2 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 Msreh, 1863, £1 10s. being on
capital account, £1 on premium account.
£7 10 0 being £5 capital, £2 10s. premium.
thOn those Shares issued at £3 10s. per Share premium to
int general public, the following will be the mode of pay-
m
X 0 0 per Share on application ; being on capital ac-
count.
2 10 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.
£8 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,
accordin option the amount of capital paid up thereon ; the
valuable will be, however, reserved to the holders
tof these Shares of paying upon any of them the whole of
e above instalments at any time previous to the date of
e last instalment, viz., Ist March, 1866, on paying the
uempany 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-5 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 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 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,
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-
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 t0......£1,000.000 0 0
The General Reserve Fund 500,000 0 0
The Dividend Reserve Fund lOO,OOO 0 0
111 hand, profits not divided 50,805 4 9

£1,650;805 4 9

P-41fal to above £8 ss. pesrhare.s Share on the whole 200,000
r Share (being
So that the public, on subscribing 1.8 10s.
Pe
admitted part-
-45 ca.pital and £3 10s. premium), are
being
rShare pre-
fers in this Company by only paying 55.. faum, as premium ;
Over and
Rented in value in the assets of the Company.
£8 ss. per Share being actually repre-
sented
these advantage; there is the probable enhanced
value which will attach to these Shares, in the same way
that the Shares issued to the public at £2l3s. 4d. premium
in September, 1864, after having received £1 per Share in
April last as dividend and bonus, are now worth £5 ss. per
Share premium, making together £6 5; for what they paid
£2 13s. 4d, for, 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 capital of
£1,000,000, a general reserve fund of £500,000, a dividend
reserve fund of £lOO,OOO, making a total of £1,600;000,
they will be in a position to meet the tai envies of any
business that may be brought before them ;it however,
the intention of the Directors to increase, out of future
profits, the dividend reserve fund to £200,000, being in
accordance with the plan announced in the last report, to
have always in hand one .year's minimum dividend at 20
tae
cent. per annum, calculated on the amount of the capi-
aid up for the time being.
bpratThe Directors further wish to place on record their del i-
e opinion and conviction that this Company is des-
the in a very short period to take a foremost place among
T leading monetary institutions of the country.
Applications for Shares may be made in the form an-
bezed, and must be accompanied by the payment of .£1 per
§hare. Should a less number be allotted than is applied
10r, the sum paid on account of such application will, so
far an it will extend, be applied in payment of the sum due
on allotment.
Pes, Forms of Application for Share; and
le:0P ruche Half-yearly Report, just published, may be
-geketad en application to the Bankers, Solicitors, Stock
rs, or of the Secretary, at the 011tces of the Company,
afd 18, Cornhill, E.C.
,x The lists of Application for Shares will be closed on
linveday, the 2d Nov., at Four o'clock, for London, and
of Friday, the 3d Nov., at Twelve o'clock, for country
aPPlicatio before the expiration of which time all appli-
cations must
Oct.ade-
l'cfulen, ct. 20, 1865.

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

:ettntleernoen,
bellinavin paid co—your Bankers* the sum of £ 1
th c . p Bit of £1
New Shares in
per Share on
0 recht Poncie and Mobilier of England (Limited), I
hereby request that you will allot me that number, and I
agree to accept such Shares, or any less number you may
allot me, on the terms of the Prospectus, at £3 10s. pre-
mium per Share, and I agree to pay the amount due on
allotmenßand the other instalments as they become due,
to sign Aricles of Association if required, and I authe-
,s you to insert my name on the Register of Members for
140 niunber of Shares so allotted to me.
Usual Signature
Name in full
Residence
Profession
Date , ..................... 1865
* land Bankorte names.