The Sun.
London, England, 1865-11-02 00:00:00

swerve Fund lOO,OOO
DIRECTORS.
ThA .
',trait Ron. JAMES STUART WORTLEY, Governor.
,4.lEi E VICK, Esq., Merchant, King's 1 Deputy-
.). —' nla-Yard,
Governors.
,a.NIES NUGENT DANIELL, ES(I,
d,,,,alnes Childs Eso London.
" Illiarn Dent, se's; ~ Esq., Chairman of the Thames and
Mersey Marine Insurance Company.
Chart rider Dunbar, Esq.. Old Broal-street, London.
:a.arles Ellis, ESQ. Lloyd's.
fl_golphe Hakim, E'er). Cornhill, London.
vVilliam Harrison, sq. i (Messrs. Young, Harrison, and
Bevan), Deputy-Chairman of the Thames and Mersey
Marine Insurance Comany'.
iepvlehard &nail Lane, Esq. Old Broad-street, London.
arles E. Newbon, Esq.. London.
inearY Pownall Esq. usselqa, London.
"Ph Mackrill Smith. Esq (Messrs. tdackrill Smith and
lip. ), Old Broad-street, London.
ward Virarner, Esq. M.P., London.
Alpes White, Esq. BLI'. London.
rt Grant, Esq:, M.P., Managing Director.
The ' BANKERS.
,u AZrional Bank,
and Masterman's Bank (Liited).
4e Nat London, Dublin, m
and its Branches in
Ireland.
Messrs. findth, Payne, and Smiths.
The National
S cot Banl and.k' of Scotland, Edinburgh, and ita
Branches in
SOLICITORS.
Messrs. Newbon, Evans, and Co., Nicholas-lane, B.C.
BROKERS.
Mesqrs, Laurence. Son, and Pearce, 7, Angel-court,Throg-
morton-street, E.C., London.
Messrs' Uorstall and Penny, 1
Liverpo oL
Todd and Ashton. Messrs. Shore and Kirk, Manchester.

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

PROSPECTUS.
The marked success -which has attended the operations of
tho Credit Foncier and Mobilier of England (Limited) is
almost unexampled in the history of any commercial un-
dertaking.
- -

that, as will JO pen b77414).ie hlsf-hyaevearlrreenposrto TutsiBft a(*°iseuerri,
a dividend and bc?aus up to the 30th September, at tho 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
I& 9d., or above £8 10s. per Share.
The following is the business transacted by this Cora-
Pally :
This Company negotiates loans for colonial and foreign
Governments ;
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;
MMakes advances upon approved stocks, shares, bonds, &a.
akes temporary loans upon eligible freehold and leas.e-
t°,d securities, and generally transacts such other financial
business as is suitable to the capitalist, whether as principal
or agent.
1, The greatly increased and still increasing amount of
fl"ilsoless offered to this Company, both by eminent private
compani
Lotting the renciaNinainndg corporations, has decided the Court
Directors to make their second issue of Shares, by al-
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-
-PilLy thousand Shares will be issued to the Shareholders
.o this. Company who stand registered on the books of the
eftpany, to be allotted to them at a premium of £2 10s.
,Der Share, in the proportion of one new Share for every
"'iro Shares now held; and
LiFifty thousand Shares will be issued to the general public
ncluding such Shareholders as may wish to apply for
hares 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 .000,000, which will be added to the £200,000 already
standingat the credit of the general reserve fund, and will
tVine increase that fund to £500,000. The dividend reserve
'and being £lOO,OOO, the paid-up capital will then be
£1,000,000.
The New Shares will be paid up as follows,:—
Oa those issued at .£2 10s. per Share premium to the Share-
hoders :-
41 0 0 per Share on application, being on capital ac-
count.
110 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.
210 0 per Share on Ist March, 1863, £1 10s. being on
capital account, £1 on premium account.
£7 in
0 being £5 capital, £2 10s. premium.
the general public, the following will be the mode of pay-
£lent 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 oper Share on Ist January, 1866 ; £1 108. being
on capital account, £1 on premium account.
2 10 0 per Share on Ist March, 1866 ; XL 10s. being on
capital account, £1 on premium account.
.£8
,10 0 being £5 capital, 1.3 10s. premium.
These 100,000 New Shares will participate in the next
ao9or
distribution of profits, pro rata with the existing Shares,
ding to .the amount of capital paid up thereon ; the
t vltluable option will be, however, reserved to the holders
ito,_ these Shares of paying upon any of them the whole of
the last instalment, viz., Ist March, 1866, on paying the
eh back interest from the date of such payment to
'ue 30th September last, at the rate of 20 per cent, per
annum on the £5 on capital account; the Shares so paid
halt- to be then entitled to the same amount of profits next
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-
nlents 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,
they feel confident of obtaining the approval of the
111areholders in the course they have adopted.
The following calculation will guide investors in estimat-
-I,,ng the intrinsic value of the Shares, after the dividend and
nus now declared are paid, and when the issue is com-
Pletect4.
The Capital paid up will amount to £1,000.000 0 0
The The General Reserve Fund 500,000 0 0
, Dividend Reserve Fund lOO,OOO 0 0
1-11 hand, profits not divided 50,805 4 9

£1,650,805 4 9

Equal to above a ss. per Share on the whole 200,000
Shares.
So that the public, on subscribing £Blos.
. per Share (being
are being admitted Pa
45
in and £3 10s. premium),
part-
hem in this Company by only
Spaying
ll re re-
'mina; as premium ss. per ng actua y p
- -nd
ss. per Share pre-
sented in value in theassets of the Company. Over a
above e
wh ic these advantages, there is the probable enhanced
valuh will attach to these Shares, in the same way
that the Shares issued to the public at £2 18s. 4d. premium
in Septeber,lB64, after having received £1 per Share in
April last as dividend and. bonus, are now worth £5 ss. per
£2 Share premium, making together £6 58. for what they paid
13e. 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 exigencies of any
business 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 X 200,000, being in
accordance with the plan announced in the last report, to
ways in hand one year's minimum dividend at 20
P.O,r cent. per annum, calculated on the amount of the capi-
"4paid up for the time being.
L I:he Directors further wish to place on record their deli-
ti opinion and conviction that this Company is dos-
:load in a very short period to take a foremost place among
Lao leading monetary institutions of the country.
hexed,4Pnions for Shares may be made in the form an-
ilr and must be accompanied by the payment of £1 per
for,a e. Should a less number be allotted than is applied
the Enna paid on account of such application will, so
t" 48 it will extend, be applied in payment of the sum due
on allotment.
Pre&,....,.
ligs, Porme of Application for Shares, and
rNies of the Half-yearly Report, just published, may be
ii",...,,_°n application to the Bankers, Solicitors, Stock
.",rs, or of the Secretary, at the Offices of the Company,
and 18, Cornhill, E.C.
DAYThe lists of Application for Shares will be closed THIS
ahi),„.:rlittrsday, the 2d Nov., at Four o'clock, for London,
n;,-, ,_4-0-ISIORROVir, Friday, the 3d Nov., at Twelve
- ''°eK, for country applications, before the expiration of
Whrich tun' e all applications must be made. 4.1°11d°73, Nov. 2, 1865.

Form C.—General .
FORM OF APPLICATIONPubIic FOR SHARES.
No (To be retained by the Bankers.)
To the D 8 Directors of the Credit Foncier and Mobilier of
Gentlere England (Limited).
Ravin Pn,----
bein, a
,f Paid to your Bankers*
.e posit of £1 per Share on the sum of .£ .
New Shares in
thho dredit Foncierand Mobilier of England (Limited), I
free to request that yon will allot me that number, and I
allot
to
in ~... accept such Shares, or any less number you may
bit" "La) on the terms of the Prospectus, at £3 10s. pre-
-4110, Per hre, and I agree to pay the amount due on
to i'ment, and the other instalments as they become due,
, sign the Articles of Association if required, and I authe-
"se You to insert my name on the Register of Members for
tlio number of Shares so allotted to me.
Usual Signature ..............................
Name in full .................................
Residence ......................................
Profession ....................................
Date
18G5
* Insert Bankers' names.