The Sun.
London, England, 1865-10-25 00:00:00

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THE CREDIT FONCIER AND MOBILIER
18 OF ENGLAND (Limited).
6), 'OOO
The
of
New Shares of £2O each, of which £5 per
being
i I°°
eeWieltlembeplcaatleldec.l up by Instalments ; no further Call
44e issue will be made as follows :-50,000 Shares will be
allotted to the present Shareholders, and 50,000 Shares will
be allotted to the general public.
When the above issue is completed,
4,Tklistasbeseir
xib2eodeaeChapital will consist of' 200,000
£4,000,000
e Diced lt rve Fund
,I,lle Pakl-uapi Capital . 1,000,000
500,000
Thend Reserve Fund 100,0(0
The ... DIRECTORS.
JA„tint Hon. JAMES STUART WORTLEY, Governor.
Arnie, LE VICK, Esq., slerchant, King's 1 Deputy-
-4 ''4B-Yard
Jame ' Governors.
S NUGENT DANIELL, Esq.,
1;1111 Childs, Childs, Esq., London.
Altla'ra Dent. see., Esq., Chairman of the Thames and
erlecr Marine Insurance Company.
ch lan er Dunbar EN Old Btoal-street, London.
~82:158 Ellis, Esq.,' Lloyd's.
Vi;),e Harr sq Cornhill, London.
i.ilani aon, Esq. (Messrs. Young, Harrison, and
04), Deputy-Chairman of the Thames and Mersey
Richard Insurance Company.
ir_l Stuart Lane, Esq., Old Broad-street London.
leB E. Newbon, Esq., London.
j„"417 Pownall, Esq.,Russell-square London.
"Benh Mackrill Smith, Esq. (Messrs.' &lackrill smith and
Coo
x.. , old Broad-street, London.
.I.o.vard Warner, Esq., M. P., London.
A1..4e8 White, Ebq., MP., London. ',wort Grant, Esq., M.P., Managing Director.
The BANKERS.
The Nat
and Masterman's Bank (Limited).
National Bank, London, Dublin. and its Branches in
Ireland.ltessrs Snith, Payne, and Smiths.
The N
ranc atihes ional
S cotl Bank of Scotland, Edinburgh, and its
Bn and.
SOLICITORS.
• Messrs. Newbon, Evans, and Co., Nicholas-lane, E.C.
BROKERS.
__Meiesesfles.eL.aurence, Son, and Pearce, 7, Angel-court, Throg-
street, E.C., London.
gessrs. Horsfall and Penny, I
Messrs. Todd and Ashton, LiverpooL
Messrs. Shore and Kirk, Manchester.

SECRETARY.
Alfred Lowe, Esq.
OrricEs-17 and 18, Comhill, E.C.

PROSPECTUS.
,The marked success which has attended the operations of
Lao Credit Foncier and Mobilier of England (Limited) is
almost unexampled in the history of any commercial un-
dertaking.
The results of its operations have been so satisfactory,
that, as will be seen by the half-yearly report just issued,
a divideud and bonus up to the 30th September, et the rate
of 40 per cent. per annul,: has been declared, beiug the
same dividend and bonus us 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-£.5'00,000, making in all £850,805
4s. 9d., or above -£8 10s. per Share.
The following is the business transacted by this Cora-
:—
This Company negotiates loans for colonial and foreign
Governments ;
Co-operates in the financial arrangements of British and
other railwas
Makes advances to Corporations, Town Councils, and
other public bodies;
Negotiates loans for public works ;
Assists in the introduction of industrial and commercial
tindertakin' .
gs 7
Makes advances upon a proved stocks, shares, bonds, &c.
Makes temporary loanspupon eligible freehold and lease-
libn°ld. securities, and generally transacts such other financial
or as is suitable to the capitalist, whether as principal
va agent.
bT e
.11 greatly increased and still increasing amount of
Of
-: companies,
ess offered to this Compan. y, both by eminent private
and corporations, has decided the Court
-uirectors to make their second issue of Shares, by al-
io •
tting the remaining capital of the Company, consisting
?i 100,000 new Shares, on which £5 per Share only is
nit,2nclod to be called up.
_e 100,000 New Shares the Directors propose to issue
as follows, viz. '—
in}LiftY thousand Shares will be issued to the Shareholders
Co his Company who stand registered on the books of the
p:anY, to be allotted to them at a premium of £2 10s.
tw_.hare, in the proportion of one new Share for every
'Taares now held ; and
Y.thousand Shares will be issued to the general public
lichng such Shareholders as may wish to apply for
hofares in addition to those they are entitled to as Share-
Tr 37 to be allotted at a premium of a lOs. per Share.
to x3e premiums to be received upon this issue will amount
attita:aii°g,oaoto, which will be added to the £200,000 already
Einar
being e,
the credit of he general reserve fund, and will
nase that fund to £500,000. The dividend reserve
olonS £lOO,OOO, the paid-up sapital will then be
The -kr
th -"ew Shares will be paid up as follows, viz.:—
Loidense issued at £2 10s. per Share premium to the Share-
-1 ros :
0 per Share on application, being on capital ac-
-1 10
count.
0 per Share on allotment, £1 being on capital
2 10 account, 10s. on premium account.
- 0 per Share on Ist January, 1866, £1 10s. being
2 10 on capital account, .£1 on premium account.
0 per Share on Ist March, 1863, £1 10s. being on
Capital account, £1 on premium account.
X.. 170 01:
ge
110Oose being
'Cr)
capital,
£2 10s. premium.
1 Shares issued at £3 10s. per Share premium to
I.llleiat.neral public, the following will be the mode of pay-
-£1 0 0
Per Share on application ; being on capital ac-
-2 10 0 count.
per Share on allotment; £1 being on capital
1 10 n account, £1 10s. on premium account.
per Share on Ist January, 1866 ; £1 10s. being
2 10 on capital account, £1 on premium account.
0 per Share on Ist March, 1866 ; £llos. being on
capital account, £1 on premium account.
£8 10 0
beinThose g -£5 capital, .£3 10s. premicipate in the next
ium.
distributioo New Shares will part
ace° on of profits, pro rata with the existing Shares,
rding to the amount of capital paid up thereon ; the
vfaluable option will be, however, reserved to the holders
th() these Shares of paying upon any of them the whole of
ee above instalments at any time previous to the date of
tic°last instalment, viz., Ist March, 1866, on paying the
Inpany back interest from the date of such payment to
30th
annu September last, at the rate of 20 per cent. per
mon the £5 on capital account ; the Shares so paid
halto be then entitled to the same amount of profits next
-3 ear as is declared on the existint
hares.
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-
rnente 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,
that they feel confident of obtaining the approval of the
Shareholders in the course they have adopted.
The following calculation will guide investors in estimat-
ing the intrinsic value of the Shares, after the dividend and
bonus now declared are paid, and when the issue is com-
pleted :...
The Capital paid up will amount to £1,000.000 0 0
The Divide
The General Reserve Fund 500,000 0 0
Dividend Reserve Fund
In hand, profits not divided lOO,OOO 0 050,805 4 9

£1,650,805 4 9

Equal to above £8 ss. per Share on the whole 200,000
Shares.
So that the public, on subscribing £Blos. per Share (being
£5 capital and £3 10s. premium), are being admitted part-
ners in this Company by only paying ss. per Share pre-
lium, as premium ; £8 ss. per Share being actually repre-
sented in value in the assets of the Company. Over and
above these advantages, there is the probable enhanced
value which will attach to these Shares, in the same way
that the Shares issued to the public at £2 13s. 4d. premium
in September, 1864, after having received £1 per Share in
April last as dividend and bonus, are now worth £5 ss. per
Share premium, making together £6 ss. for what they paid
£2 13s. 4d. for, being in one year more than 140 por cont.
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 £200,000, being in
accordance with the plan announced in the last report, to
have always in hand one year's minimum dividend at 20
Per cent. per annum, calculated on the amount of the capi-
tal paid up for the time being.
The Directors further wish to place on record their deli-
berate opinion and conviction that this Company is des-
tined in a very short period to take a foremost place among
the leading monetary institutions of the country.
APplications for Shares may be made in the form an-
'eect, and must be accompanied by the payment of £1 per
f 1)-are. Should a less number bo allotted than is applied
ay, the sum paid on account of such application will, so
'sr as it will extend, be applied in payment of the sum due
on allotment.
pProspectuses, Forms of Application for Shares, and
pies of the Half-yearly Report, just published, may be
Yrekain application to the Bankers, Solicitors, Stock
~and
rs 18, or
Coorn hif the
llSecre ry,
ta, at the Offices of the Company,
, E.C.
I,
Lillie lists of Application for Shares will be closed on
ursday, the 2d Nov., at Four o'clock, for London, and
II Friday, the 3d Nov., at Twelve o'clock, for countr7
aPplications, before the expiration of which time all pp
cations must bo made.
Loudon, Oct. 20, 1865.

General Public.
Form C.
FORM OF APPLICATION FOR SHARES.
(To ho retained by the Bankers.)
No.
10 the Directors of thG Credit Foncior and llobilier
England (Limited).

I Ge.ntlemen,—
I 1 ~ . vitip- paid to your Bankers* the sum ,
:i_nnig a deposit of .£1 per Share on New Shares in
'no Credit Poncier and Mobilier of England (Limited), I
all.ot me, hereby request that you will allot mo that number, and I
agree to accept such Shares, or any less number you may
on the terms of tho Prospectus, at £3 10s. pro-
ati, Per Share, and I agree to pay the amount duo on
t -allent, and the other instalments as they become due,
? Sign the Articles of Association if required, and I authe-
ii,s° You to insert my name n the Regi Members for
'e umber of Shares so alloo ster of
allotted to me.

Usual Signature
Name in full
Residence
Profession
Date ,,,,,,,,,,1863
Insert Bankers' names.