The Sun.
London, England, 1865-01-17 00:00:00

11 1) N 4 Lit t7x
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4,4 Li.

AND

COMMERCIJUJ" INTELLIGENCE,

CITY, TWELVE O'CLOCK.

The supply of capital at the command of bankers
and brokers appears to be diminishing, the nume-
rous calls of late having largely trenched upon their
resources. The money market, however, although
still active, continues easy, and the best bills have
again been negotiable at 58 per cent.
The new Italian loan, so long expected, has at
last been officially announced by the General Credit
and Finance Company of London, with whom are
connected for this operation the Italian Land Com-
pany, the Societe Generale of Paris, the Credit
-LYonnais of Lyons, the Italian Credit Mobilier, Dis-
count and Silk Bank of Turin, the Tuscan Credit Bank
of Florence, M. A. Bastage and Sons, of Leghorn,
the National Bank of Italy, the Banque des Pays
Bas of Amsterdam, Messrs. Von Erlanger and Sons
of Frankfort, and the Banque de Credit Genevois
of Geneva, to all of whom subscriptions are payable.
The amount required is 8,000,0001. nominal,
hearing interest at the tate of 5 per cent.,
Payable half-yearly in London, and on the
Continent, and bonds are emitted in amounts rang-
ing from 201. each, but taking those of 100/. issued
at 77i, the price is reduced to 741., reckoning the
interest due next April, and the participation of
each security in annual drawing for the liquidation
of the amount. The principal and interest are gua-
ranteed by the Italian Government with special
hypothecation on the State domains, the pro-
ceeds of which are estimated to realise 10,000,0001.
Subscribers have the option of paying by instal-
ments which extend to July next. It is calculated
that with a year's interest of Si. on 741., it is equal
10 64 per cent. per annum, and that if a subscriber
receive fifteen bonds which will cost 1,1101., he
iwill have one drawn every year, receiving
,40i• for what he paid 741. He will, there-
have'o a porton of his capital returned each
Year, With a bonus of 261. The average per cent.
10 3-10ths for the 15 years, and although the
terms appear high for the Italian Government, it
is said that they will prove advantageous, as the
amount which redeems the loan is paid from the
sale of land, and the new kingdom will be enabled
to Meet the extraordinary expenses necessary for
the removal of the Government to Florence.
The share list of the City of Milan Improvements
Company (Limited) will close for London at four
O'clock on Thursday, 19th inst., and Friday, at
twelve o'clock, for the country. The shares, after
rising to 31 prem., closed at 24 prem.
A.payment on account of dividend at the rate of
6 per cent. per annum is announced by the Inter-
national Land Credit Company (Limited), payable
at the London and Westminster Bank, and at the
Banque de Credit Fonder et Industriel, Brussels,
on and after Monday, the 30th instant.
The
first annual general meeting of the London,
ahan, and Adriatic Steam Navigation Company,
will be held on Tuesday, the 24th instant ; the
transfer books will be closed this day (Monday),
until after the meeting.
11,lie first drawing of the Egyptian Loan of 1864,
'ich was issued at 93 per cent., amounting to
110,5001., will take place at the Bank of England, in
e presence of the properly appointed officers, on
the 15th February next, and will be redeemed at
Ital. on the Ist April.
I\g, Abt an adjourned meeting of the creditors of John
liant:a,3l and Son, merchants and clothiers, of 153,
c-'llusditch, yesterday, it was resolved to accept a
;(.)Inlposition of 6s. in the pound, payable as follows,
18. in cash within one month from the date of
foe estate being taken out of bankruptcy, Is. 6d. at
mar months, Is. 6d. at eight months, ls. at twelve
and is. at 18 months, the last two secured.
alaa's lie first ordinary general meeting of the English
dav P4iereign Credit Company will be held on Mon-
th; 6th February, at two o'clock, to receive
tiewairectors, report and statement of accounts, to
the re a dividend, and for the general business of
share°4ll34ll3% A call has been made of 2/. 10s. per
Alijae payable on or before the 31st inst., at the
nee Bank and City Bank.
At
e
hoidev,th ° au-yearly meeting to-day of the share-
chair,- 4.,1h
the City Bank, Mr. Peter Bell in the
theiie. report, which was adopted, stated that
six 'hoes and assets and profit and loss for the
Pa 3 'its to 31st December last, show, after
111ent
account of interest on current and deposit
Which ' a gross profit of 79,9331. 15s. Bd.,
from ast
I added to 7,969/. 17s. 9d., brought
i
This half year, makes a total of 87,903/. 13s. sd.
bag
an result, after providing for current expenses,
disco,..cl doubtful debts, rebate of interest on bills
van ,unted not yet due, and the half-yearly deduc-
t() rorn the building account, enables the directors
declarelittl, the usual dividend of 6/. per cent. per an-
bank,
an °II 500,000/. the present paid-up capital of the
d a bonus of 11. 10s. per share (together
el,. tO 121. per cent. per annum), free of
tneome-
ta; and to carry forward 4,6851. 9s. 11d.
to the
that
profit and loss account. The directors regret
Ltat the late severe commercial crisis. has not passed
'without entailinc, considerabled.dd losses on the bank ;
they have, therefore,
30,000/., which they believee iltloberea%eriv)ley a'suffisumcienotf
to meet any deficiency whichwmay arise upon estates
now in course of liquidation.
The half-yearly report of the London Financial
company has been issued, from which it appears
that after deducting the current expenses of the half-
. Year, and rebate of interest at the rate of 6 per cent.
Per annum, the directors are enabled to recommend
the payment of a dividend at the rate of 5 per cent.,
'with a bonus at the rate of 10 an-
?nun, free of income-tax ;
there per cent.
will then perremain a
balance of undivided profits of 40,063/ Bs. 6d. to be
carried forward to next half-year. The dividend
And bonus together amount to 11. 2s 6d. per share
on the old, and 18s. 9d. on the new shares-hence-
_fe.._rth the distinction between the old and new sha
will cease, the same amount (151. per share) being
now
paid up on each description.
A dividend is recommended by the directors of
the Victoria (London) Mining Company, of ss. 3d.
Per share, free of income tax, being, with the dis-
tribution last July, at the rate of 35 per cent. The Port Phillip and Colonial Gold Mining
Company are to pay a dividend at the rate of 2s.
Der share, being 10 per cent. on the original

Two O'CLOCK.
At Paris, this morning, according to Mr. Reuter's
telegram, the 3 per Cents. were
There has been Only a very limited business •
the English Stock Market to-day, and prices for thine
Funds have receded about *per cent. In the other
departments, however, the been more 'anima..
tion, and a large number of time dealings entred
into. Consols for money are 89f and fore the
account 89i 90. The New Threes and Redu„d
Annuities are 884 89 ; the 21 per Cents., 1894,
71i ; Red Sea Telegraph, IN, ex div. ; Exchequer
Bps, par to 4s. prem. ; India 5 per Cents., 1031 e ;
and do. 4 per Cents., 98i.
. •
In the Foreign Market there is not much anima-
tion, and prices have been rather depressed.
Turkish 6 per Cents., 1862, are 701 71 ; ditto
Consolides, 50 s; Mexican, 27i j; do. New, 261 ;
Greek, 24 ; Spanish Passive, 331 ; do. Certifi-
cates, 14i e ; Portuguese, 47 ; the Confederate
Loan, 56 58 ; Egyptian, ; Danubian, dis
-Par ; Montevidean, 3 prem. ; Italian 5 per Cents.,
641 ; and the New Loan, 11 prem.
The transactions in the Railway Share Market
have been limited, and prices have in several in-
stances shown a downward movement. Great
Northern and Metropolitan have each declined 11.,
and Great Eastern and Lancashire and Yorkshire
each ss. South-Eastern, however, have advanced
10s.

In the. Foreign and Colonial undertakings there
is no material change.
Bank and Miscellaneous Shares have continued
on moderate request. Alliance realise 34/ ;
London Joint Stock, 51 ; National Provident of
England 155 ; London Fnc 23i ; and
eninimar And oriental Steamin,a 80/ ial ;
City of Milan