The Sun.
London, England, 1865-10-10 00:00:00

£1 to be paid on application, and lon allotment.
A minimum Dividend of 10 per cent. per annum for three
years on the amount paid up is guaranteed as hereinafter
stated.

DIRECTORS.
DAVID WARD CHAPMAN, Esq., Lombard-street,
Chairman.
James Child; Esq., Victoria-street.
James Pembroke, Esq., 8, Austinfriars.
Richard Stuart Lane Esq.,
Horace E. Chapman, Esq., Messrs. Lane, Tlankey, and Co.
P. IL 'Tolbert, Esq.,

Messrs. Prescott, Grote,.
CeBANKERS av aid Cave, Threadneedle-

street.
SOLICITORS.
Messrs. Nowbon, Evans, and Co., Nicholas-lane.
Messrs. BROKERS.
Laurence, Son, and Pearce, 9, Angel-court,
Throgmorton-stroet.
AUDITORS.

rs. Coleman, Turquand,--VOUngs, and Co., IG, Token-
house-yard.
SECRETARY (PRO TEIV.
J. Langton Butcher, sq.
TEMPORARY OFFICES.
25, Old Broad-street, E.C.

PROSPECTUS.
businessy is formed for the purpose of carrying on
the 'of Merchants, under the Joint-Stock Com-
panies Act, with Limited Liability.
4: The Company proposes to extend to mercantile opera-
"'Dna (in which are comprised home and foreign banking
and exchange) the principle of limited liability, which has
Proved itself so well adapted to banking and financial
transactions. It is believed that the advantage arising from
by large uncalled resources, and the combined superinten-
dence oatn experienced Board of Directors, will be highly
• sappred by all commercial classes, especially by con-
The soundness of the principle which gave the rise re-
cently to the formation of the London Merchants' Com-
pany has been universally acknowledged, and the Directors have endeavoured to
Cnarently prevented the successful continuance of that
Company. guard against those difficulties which
. In order to secure an immediate basis of operations, ar-
rangements have been made with Messrs. Lane, Hankey,
and Co. for the transfer of their business. The firm will
liiquidate all its obligations independently of the Company,
~LB,_ln„ding over only such current transactions and accountsb
.`,.tne Board may wish to accept. It is further proposed to
in the businesses of other firms as favourable oppor-
tunities arise.
and
goodwill of the business of Messrs. Lane, Hankey,
obl Co. has been purchased for £25,000, in debentures,,pf..ty-
-811.0 oefith annually, with 5 per cent. interest, and 2,000
this amount
with £l5 each credited as
the amount, the Directors have taken into consideration
paid thereon. In fixing
ginuent for the
10 profits of the firm during the last six years, the present
',inspects of the business, and the manner in which pay-
goodwill has been accepted. The vendors also
of Iroantee
centheir personal covenant a minimum Dividend
per per annum durinc, three years on the paid-
captal, thereby giving a suatantial proof of their eon-
lenee in the undertaking. This Dividend the Directors,
nditi toe full development of the Company's operations,
rfi proposeto to the Proprietors half-yearly, the first pay-
be mad They may add
that they oon the 15th April, 1866.
Dividend are most sanguine that this minimum guaranteed
the e Ol 10 Per cent. will be largely exceeded before
The Directors
op the three years.
letter Directors refer with satisfaction to the following
T • from
Tun the eminent accountants, Messrs. Coleman,
inand, Youngs, and Co., in corroboration of the value
of the business of Messrs. Lrne, Hankey, and Co.:—
16
To th, Tokenhouse-yard, E.C., London, Sept. 26, 1865.
thee Directors of the Merchants' Company (Limited).
etlemen,—We beg to state that in compliance with
request of Messrs. Lane, Hankey, and Co., we have
y their books with the view of aseer-
Vii •
six fling what commissions they have made during the last
years, from Ist January, 1859, to Ist January, 1865,
and find that the gross commissions during that
Period amount to £140,765 17s. 9d., being an average of
£23,460 19s. 7d. per annum ; and after deducting there-
from " return" commissions, and commissions on goods-
bought and sold by the firm, either on their own account,
or for the execution of orders on hand, the net commis-
sions earned amount to £106,900 17s. 4d., or an average of
£17,816 16s. 2d. per annnm. This is irrespective of the
result of the firm's transactions on their own occount, and
of the insurance business.
We are, Gentlemen, your obedient servants,
(Signed)
COLEMAN, TITRQUAND, YOUNGS, and Co.
Applications for a large number of the Shares have been
already received, and it is proposed to commence the busi-
ness of the Company immediately after the allotment,
"which will be made without delay.
Prospectuses and Forms of Application for Shares may
bo had of the Bankers, Brokers, and of the Secretary, at
the Temporary Offices of the Company.•
Applications for Shares, accompanied by a deposit of £1
per Share, may be made on or before Thursday, the 12th
inst., when the list will be closed.
The Memorandum and Articles of Association of the
Company, which have been duly registered, may be seen
at the Offices of the Solicitors, and a copy will be sent by
post on application.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
No.
To the Directors of the Merchants' Company (Limited.)
Gentlemen,—Having paid to the Bankers of the Com-
pany the sum of £ , being a deposit of £1 per Share
upon Shares, I hereby request you will allot me that
number, and I agree to accept the same, or any less num-
ber that may be allotted to me, and to pay the amount due
on Allotment, and the Calls as they may be made ; and I
hereby authorise and empower you to insert my name in
the Register of Shareholders of the Company for the
number of Shares which you allot to me, and I agree to be
bound by the Memorandum and Articles of Association of
the Company as registered.
Usual Signature
Name in full
Address
Date Profession

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