The Sun.
London, England, 1865-06-20 00:00:00

PROSPECTUS.

This Company has been formed by the amalgamation of
the following London Firms, for the purpose of carrying
on and extending their business as Merchants under the
Joint-Stock Companies Act, with limited liability.
Messrs. Robinson and Fleming.
Messrs. Redfern, Alexander, and Co.
Messrs. Lane, Hankey, and Co.

Experience has shown that undertakings established
upon the principle of limited liability can successfully
carry out the most confidential operations of banking and
finance, and the Directors feel assured that mercantile
transactions will now be even more freely entrusted to a
Company so formed than to private firms. It is believed
that the periodical publication of a balance-sheet, with the
security afforded by a large uncalled capital, will, when
combined with the personal management of a board of ex-
perienced merchants, attract business of the best class,
under permanently favourable conditions.

The basis of the arrangement with the amalgamated
firms is as follows :

1. All the liabilities and obligations of each house are
to be liquidated altogether independently of tho Company,
except where any such may hereafter be agreed to be taken
over by the Board as new and desirable business.
2. The partners of each house bind themselves not to
enter into any fresh mercantile operations in England of a
similar character during ten years ; and the completeness
of the transfer, with the efficient management of each par-
ticular class of business, is insured by the leading mem-
bers of the three firms joining the Board and remaining as
Directors. The qualification of each Director is fixed by
the Articles of Association at £lO,OOO, to be held in the
Stock of the Company.
3. The total goodwill of the amalgamated firms will bo
taken, one-third in Shares with £5O paid, and two-thirds
in Debentures, payable with 5 per cent. interest, in equal
annual instalments over ten years, thus identifying the
interests of the vendors completely and continuously with
that of the Company.
The total amount thus paid to the three firms for good-
will in Shares and Debentures will be £375,000, which
sum is calculated upon their actual profits for three years ;
without estimating any increase from- new business, or
savings which will be effected by the amalgamation, and
assuming only the present profits of the united firms, a
largo dividend may, therefore, be anticipated on the paid-
up capital, from the establishment of the company.
The amalgamated firms and their immediate connexions
are prepared to subscribe for a large portion of the pro-
posed capital ; but as it is believed that the influence and
prosperity of the Company will be increased by establish-
ing it on a wide and a public basis, and that many inves-
tors will gladly seize the opportunity of thus becoming
merchants without the unlimited risks of partnership, the
directors have decided to open the subscription to the
public.
To meet the wishes of those who may desire to pay up
at once the amount that is intonded to be called on the
shares, it has been decided to allow such prepayments to
the extent of £5O per share, and such shares will then rank
for dividend in proportion to the amount paid up. A
separate form of application for such shares is enclosed.
There will be no promotion-money paid for the forma-
tion of the Company.
Applications for shares, accompanied by a remittance for
the deposit, may be made to the Bankers and Brokers.
The Articles of the Association are open for inspection at
the`Office of the Solicitors.

FORM OF APPLICATION FOR ORDINARY
SHARES.
(To be retained by the Bankers.)
No
To the Directors of the,London Merchants Company
(Limited).
Gentlemen,—Having paid to the Bankers,
the sum of £ , being a deposit of £2 per Share on
Shares in the above Company, I hereby request that
you will allot me that number, and I agree to accept such
Shares or any less number you may allot to me, and I agree
to pay the sum of £8 per Share on allotment, and I autho-
rise you to insert my name on the Register of Members for
the number of Shares allotted to me.
Usual signature
Name in full
Residence
Profession
Date.

.1865

FORM OF APPLICATION FOR £3O PAID -UP

SHARES.
(To be retained by the Bankers.)

No _
To the Directors of the London Merchants Company

(Limited). •
Gentlemen,—Having paid to the Bankers,
the sum of £ , being a deposit of £2 per Share on
Shares in the above Company, I hereby request that
you will allot me that number of £5O Paid-up Shares, and
I agree to accept such Shares or any less number you may
allot to me, on the terms of the Prospectus, and I agree to
pay the balance of the amount, viz., £4B per Share on
allotment, and to sign the Articles of Association of the
Company when required ; and I authorise you to insert
my name on the Register of Members for the number of
Shares alloted to me.
Usual signature
Name in full
Residence
Profession
Date.

.1865