The Sun.
London, England, 1862-10-17 00:00:00

PROSP ECTUS.

The progress made during the last ten years by the Bri-
tish Colonies in South Africa has been very remarkable;
the imports, exports, and public revenues having, during
that period, multiplied threefold, and from public returns
just to hand, it is estimated that a yet higher progressive
increase will be shown in the present year.
The banking capitril of the colonies has not kept pace with
this increase of trade, and it has become clear that a new
banking institution of considerable magnitude, and with
adequate resources, is now a public necessity, and must com-
mand success.
To meet this necessity, and as a profitable and safe in-
vestment of capital, the Standard Bank of British south
Africa is established.
That the proposed field of operations is both safe and
profitable is shown by the fact that, although in the South
African Colonies the rates of discount on first-class bills
range from 8 to 12 per cent., not one instance of loss is re-
corded in the last annual statements of the local banks.
The following is a statement of the present selling prices
of shares in existing local banks, the dividends paid bj these
banks during the last year having varied from 12 to 22 per
cent. per annum.
STATEME
Paid-up. Selling price.
Cape of Good Hope £5O 0 0 .. £BB 0 0
Cape Commercial 6 0 0 10 0 0
Port Elizabeth Bank l5 0 0 .. 28 0 0
Commercial Bank of Fort Eliza-
beth
East ern Province Bank, t raham's _ _

Town 25 0 0 .. 49 0 0
Commercial of Graham's Town 25 0 0 .. 49 0 0
Graaff Reinet Bank l2 10 0 .. 22 0 0
Union of Cradock lO 0 0 .. 17 10 0
Natnl B 'nk 5 0 0 .. 715 0
British Kailrarian Bank

Every description of legitimate banking business w 11 be
undertiiken by the Standard Bank, and it can be stated that
valuable mercantile accounts have already been promised.
Powers are taken tor the incorporation of existing banks in
the colonies.
The principle of limited liability uniformly followed in the
recently established banking companies has been adopted.
Of the 5,000 shares comprised in the first issue, a large
n'•mber has already beeil subscribed for.
The head office of the bank will be in London.
Satisfactory arrangements are in progress, which will faci-
litate a speedy commencement ot business.
Shareholders desirous or paying up the full £25 per share
will receive, on so much thereof as maybe in adyance of calls,
interest at the rate of 5 per cent. per annum.
The preliminary expen es of the Bank will be strictly con-
flne4 to matters of actual outlay.
Copies of the Memorandum and Articles of Association
twiy be seen at the Temporary Offices of the Company, and
-at the office ot the Solicitors.

FORM OF APPLICATION FOR SNARES.
To the Directors of the Standard Bank of British South
Africa ,Limited).
Gentlemen,—Having paid to your bankers the sum of
. being a deposit of Li per share on shares in the
above Company, I hereby request that you will allot me that
number, and I agree according to the form prescribed by the
articles of association) to accept such shares, or any less num-
ber you may allot me, and to execute the articles of associa-
tion when required; and I request that my name may be
placed on the register of shareholders for the shares so
allotted. _ _ _

Name in full
Residence
Profession or business
Date

THE STANDARD BANK OF BRTTISH
SOUTH AFRICA (Limited,.—NOTlCE IS HEREBY
GIVEN, Th,,t no Applications for Shares in this Company
can be received after WEDNESDAY next, the 22d inst.
By order.
ROBERT SLATER, JUNIOR,
Secretary pro tem.
27, IgOorgate-street, 18th October, 1862.