The Sun.
London, England, 1865-05-01 00:00:00

BUSINESS OF THE COMPANY.

As Commission Merchants, the Company will receive,
on the usual terms, consignments of goods for sale in
English and Foreign markets, from merchants and others
in the Ottoman Empire, as well as from merchants, ma-
nufacturers, and others in this country and abroad, for
sale in Turkish markets, and will execute orders for their
correspondents both in Western Europe and the Ottoman
Empire. •
An important branch of the Company's business will
consist in making Cash Advances to the native cultivators.
The rate of interest usually paid for such loans is very
high, ranging from 1 to 4 per cent. per month (from 18 to
48 per cent. per annum), the security consisting of stand-
ing crops, articles of value easily convertible, and, when
required, responsible personal guarantee. On this subject
much valuable information has been obtained from the
English Consuls in Turkey, in reply to a recent- circular
despatch from his Excellency Sir Henry Bulwer, H.B.M.
Ambassador at Constantinople. One of the inquiries directed
by his Excellency was, " Do farmers borrow money com-
monly in, anticipation of their crops ? How are the ad-
vances secured, and are losses often, incurred by the len-
der ?" The following are extracts from the official re-
plies :
.A.DRIANOPLE.-31r. Vich-Consul Blunt :—" Farmers
quite frequently borrow money upon their crops. The or-
dinary rate of interest is 2 per cent. a-month (24 per cent.
per annum), and even higher than that. Often the money
is secured by other responsible persons becoming security,
and by pledges of personal property. Losses are seldom
incurred by the lenders."
ARTA.—Mr. Acting-Consul Caravias :—" The common
rate of interest is 2 per cent. a-month. Such loans or ad-
vances are always secured on the crop, and losses are
rarely incurred by the lenders."
CAVALIA.—Mr. Vice-Consul Maling :—" From 15 to
30 per cent. are the rates of interest charged by merchants;
the crop being pledged for the advanees, and the security
valid, losses are seldom incurred. Money-lenders charge
the peasantry 5 to 7 per cent. per month, and realise in this
way enormous gains.'
CONS TANTINOPLE.—Mr. Consul-General Cumber-
bach :—" A farmer who requires money to carry on his
pursuits, sells his produce before he realises it at a certain
price, which is always much below what he could obtain
for it in the market; and thereby loses on an average from
20 to 30 per cent., the usurer taking care, by giving him-
self a very large margin, to secure himself against even-
tualities.'
CYPRUS.—Mr. Vice-Consul White :—" The custom of
borrowing money in anticipation of the crops is common.
The rate of interest varies from 12 to 20 per cent. ; few
losses are incurred."
DARDANELLES,—Mr. Acting-Consul Raby :—" Far-
mers commonly borrow money in anticipation, and on
security of their crops, 15 and even 25 per cent. interest
being charged fora few months. The lender very seldom
incurs any losses."
DIARBESHR.—Mr. Consul Taylor :—Capitalists ad-
vance money on the crops, charging 2 to 3 per cent. inte-
rest per month ; losses are rare."
GALLIPOLI—Mr. Acting Vice-Consul Whitaker :--
" As a rule the farmers in this province all borrow money
on their crops ; even those who are wealthy, and have gold
hoarded up, will borrow to defray the expenses of cultiva-
tion, rather than encroach upon their treasure. The rate
of interest is generally 20 per cent., and the farmers are
very well pleased to borrow at this rate. Losses must be
very rare, as I have never either experienced or heard of
others suffering any."
JANINA.—Mr. Vice-Consul Stuart :—" Interest is 2},
3, and 4 per per cent. a month. The advances are always
secured upon the crops, and losses are but rarely incurred
by the lenders."

SALONICA.—Mr. Consul Wilkinson :—" Farmers bor-
row money in anticipation of their crops. The rate of in-
terest usually charged is seldom less than 20 per cent."
SAYADA.—Mr. Consul Zarb :—" Money is lent to the
cultivators at the rate of 5 per cent. per month ; the ad-
vances are always secured on the crops, and losses by the
lenders are very rare."
SMYRNA.—Mr. Consul Blunt :—" The native cultiva-

tors always require advances in anticipation of their crops,
at a nominal rate of interest, say 13- to 2 per cent. per
mouth, but it is actually more. The title deeds of the farm
are transferred to the Turkish Court under the titlo of
Istilall, or mortgage."
TRIPOLI.—Mr. Consul-General Herman :—" Almost
the totality of them (the merchants) derive their chief
sources of profit from lending money on pledges, on which
they levy a rate of interest of 4 to 6 per cent. per mouth (48
to 72 per cent. per annum), and sometimes more." •
VOLO.—Mr. Vice-Consul Suter.—"Loans to the growers
are secured by pledging the produce, and are not often at-
tended with loss. The rates of interest are never less than
12, and often more than 20 per cent. per annum."
As Financial Agents the Company will give its assist-
ance to the Ottoman Government in the promotion of re-
productive.public works, conducing to the improvement of
internal transit and the development of external trade, and
act generally as Financial Agents in, and in connection
with, the Ottoman Empire.
The Company is pretented by the terms of the Memo-
randum of Association from trading for its own account.

GENERAL ARRANGEMENTS.

The Head Office of the Company will be in London, with
Agencies in Leeds, Liverpool, and Manchester. Branches
wilThe established at the ports of Constantinople, Smyrna,
and Beyrout, and Agents will be appointed in the interior,
subject to the superintendence and control of the branches
to which their districts may be attached.
The exclusive services of gentlemen of established repu-
tation and acknowledged local experience having been ob-
tained, the operations of the Company will immediately
commence at Smyrna, where a valuable and old-established
business of 60 years' standing has been secured.
APPLICATIONS FOR SHARES.

Applications for Shares maybe addressed in the annexed
form to the Directors, and copies of the Prospectus may be
obtained at the Temporary Offices of the Company, or at
the Offices of the Bankers, Brokers, and Solicitors ; but no
application will be considered unless a deposit of £1 per
Shares on the number of Shares applied for has been paid.
A copy of the Memorandum and Articles of Association
may be inspected at the Offices of the Solicitors, or at tho
Temporary Offices of the Company. Copies will bo for-
warded by post, without charge, on application to the
Secretary.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
No.
To the Directors of the Ottoman Company (Limited).
Gentlemen,
Having paid to your Bankers the sum of .£
being a deposit of £1 per Share on Shares in the above
Company, I hereby request that you will allot me that
number, and I agree to become a member of the Company
in respect of such Shares, or in respect of any less number
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 Members for the Shares so
allotted.

Usual Signature
Name in full
Residence

Profession of Business..
Dittem 00000000 11 00000 1111/1111 11111111111111 l 110

SCIENTIFIC AND ORNAMENTAL PRESENTS.
ORNAMENTS for the Drawing-room, Library,
a Dining-room, consisting of a new and e,egant assort-
me at i VASES, Figures, Groups, Candlesticks, Obelisks, Ink-
steads, •eautiful inlaid Tables, Paper weights, &c., in Italian,
Alabas er, Parian, Marble, Bronze, Derbyshire Spar,
ine&c.
Imported and manufactured by JAMES TENNANT, M-
ralogist to her ilajesty, 149, Stand, W.C., Lonaon.
Mr. Tennant arranges elementary oollections of ROCKS.
ad ENE RALS, and FOSSILS, to illustrate the new edition
of Lyell's Elements of Geology; they will greatly militate
tue interesting study of MINERALOGY and GEOLOGY,
and can be had at 2,5, 10, 20, 50, to 100 guineas each.
PRACTICAL INSTRUCTION in GEOLOGY and MINE-
RALOGY is given by Mr. TEDTKAN T. at tn. Strand W.C.

DR. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER FAILING RE REDY.—Pre-
tared without any mercurial ingredient, from the recipe of Dr.
toott, of Bromley, Kent, will be found invaluable to all who
iuffer from bilious and liver nomplaints, inligestion, wind,
spasms, giddiness, iizzineta, of the eyes, &o. For habitual
stiveness, as a family aperient medicine, and as a purifier
the blood, they are truly exoellent ; mild in their opera-
tion and grAteful to the stomach, they create appe ite, pro-
mote digestion, and strengthen the whole nervous system.
3old by W. Lambert, 8, King William-street, Charing-cross.
London, and by most druggists, in boxes,ls. lid., and three
times the quantity in one, 2s. 9d. Be sure to ask for Dr.
Saott's Billoas and Liver Pills. The genuine are a square
green paokage. with " William Lambert." engraved on the
stamp,.

SAILORS' ORPHAN
HO ILE, Hampstead.
I'ATItoN—TI

TRITS!

GIRLS' SCHOOL and
Offices, 77. CornhilL
ie QUEEN.

Capt, the Hon. Francis Maude,flie Rev.
Thomas Bar ing, Canon I
Esq harmoneva
R.N. , M.P.
TREASURERS.
R. C. L. RCM, Esq. I Robert Hanbury, Esq.
This Institution is designed to supply a great national
Want,.viz.„an asylum for the orphan daughters of sailors in
the Royal Navy and Merchants Aervice and of Marines.
It clothes, maintains, and educates them for domestic
serVice , and provides a home free of expense for former
inmateti while out of situations, thus shielding them from the
temptations they might otherwise be exposed to.
Tne Committee earnestly APPEAL for CONTRIBU-
TIONS to meet the increasing applications through the
recent storms and loss f life at sea, and to enable them
even wally to obtain premises more commensurate with the
necessities of this great maritime country, which loses 2,000
sa,lors annually by casualties alone, without including those
who may perish by war.
Subscriptions thankfully received by the bankerp, Messrs.
Barclay, Bevan, and Co., Lombard-street, and by the Secre-
tary, at the Offices, No. 77, Cornhil!.
Rc.SAWaELEcTs ING Hon. Sec.
H,
NASH,
secs

lIOYAL FREE HOSPITAL, Gray's-inn-read,
in the immediate vicinity of the Great Northern Rail-
way Terminus, King's-cross. -
Patron—Her Most Gracious Majesty the QUEEN.
Vice-Patron—His Royal Highness the Prince of WALES, KG
President—His Grace the Duke of BUCCLEUCH, K.G.

This Hospital, founded in the year 1828, the first to estab-
lish the principle of free admission to the sick poor, without
the delay and difficulty of Governors' orders, is wholly de-
pendent for support on voluntary contributions and legacies.
It affords relief to a large number of in-patients, and, in
addition to this, the average number of attendance of the
Jestitute sick has for a con dderable period averaged between
3,000 and 4,000 weekly.
The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are 'capable of
containing several hundred more beds, had the Committee
the requisite funds to maintain them.
Contributions are received by the Treasurer, Edward Nu-
erman, Esq., Nicholas-lane; also by Messrs. Coutts and Co.;
Drummond and Co. ; Glyn and Co. ; Herries and Co. ; Ransom
and Co. ; Prescott, Grote, and Co.; Smith, Payne, and Co. ;
Barclay and Co. ; W .iliams, Deacon, and Co.; Overend, Gur-
ney, and Co. ; Nisbet and Co. , Berners-street ; I. Barned and
Co . Liverpool; and at the Hospital. from 10 till 5.
STANFORD 81LITH, secretary.

THE RESCUE SOCIETY wishes to add another
home to the 12 now in operation. Last year no fewer
han 455 poor, friendless, young females were rejected from
want of FUNDS and room, making a total of 3,087, who have
been sent away in five years. Here are brief details of a few
of the most recent cases:
F. V., aged 16, fallen, mother dead, deserted by her father.
111, A. F., aged 13, homeles., both parents dead.
A. 8., aged 17, fallen, father dead, deserted by her mother.
S. D., aged 15, fallen, mother dead.
C. 8., aged 15, fallen. mother dead,
A 8., abed 16, fallen, both parents dead.
H. S., aged 14, homeless, deserted by her parents.
M. H., aged 17, fallen, both parents dead.
C. 11., aged 17, fallen, both parents dead.
A. G., aged 18, fallen, father dead.
E. K„ aged 18, fallen, both parents dead,
S. 8., aged 17, fallen, both parents dead.
M. A. W. aged 17, fallen, both parents dead.
S. D., aged 15, fallen, both parents dead.
The new home the Committee wish to form would be for
young girls, almost children, from the age of a to 15, who
have been led astray from the path of virtue.
sae; or by Messrs
Contributions will be received gratefully by the Secretary,
BMarr.oyaaVanelaCcor
Lor,Bms,bludeeintree-strzet, cheap