The Sun.
London, England, 1862-03-11 00:00:00

BRITISH COLUMBIA AND VANCOUVER'S
ISLAND BANKING AND GOLD TRADING COM-
PANY (LIMITED).
Capital, £250,000, in 25,000 Shares of £lO each.
issued.
With power to increase to £500,000.
allot-
ment, forrSvihharicehpsacyriabpleceurptoifincmlWictitiiobne, and £1 upon

Esq. (of •the firm of Messrs. Early
DIRECTORS.
Thomas Early Smith,
and'Smith), Upper Clapton.
Thomas Edgley, Esq., Tottenham Park, Middlesex, and 1,
St. Paul's-buildings, London.
Abingds-square
Major Erlam, 12, St. James'
T. A. Douce, Esq., 37, Argyll-oad, Notting-hill.
, Campden-hill.
Captain Rawstorne, R.N., on-villas, Kensington.
George Peart, Esq., Dartmouth-row, Blackheath.
With power to add to their number.
SOLICITORS.

Messrs. Oliverson, Lavie, and Peachey, Frederick's-place,
Old Jewry.
BROKERS.
Messrs. R. and J. Sutton, 22, Royal-exchange.
BANKERS. •
The National Bank, Old Broad-street.
SECRETARY (pro tem).
William W. Holmes, Esq.
The Island of Vancouver, and the district of British Co-
lumbia,
have long been gradually growing into importance ;
but it was not until the amazing deposits of gold ore were
covered, and published to the world through the columns of
our leading nevillspapers, that that sudden and vast influx of
emigrants took plact whinbihas at once converted the whole
territory into a scene of active life. The energies of the
multitude have been entirely devoted to obtaining the gold,
found, as it is, in an abundance almost totally unknown,
even in the most favoured districts of California or Aus-
tralia.
Already there is growing up an extensive commerce, called
for by the wants of the ever-increasing population.
It is clearly seen that, whether for the purchase or the safe
transmission of the gold, the agency of a bank is a matter of
absolute necessity that the profits of such an enterprise
would be large, the experience of all mercantile men will
attest.
It is needless to enter into the details of such an under-
taking ; but attention may be called to the fact of the ever-
growing trade so suddenly called into existence, between
these districts and the mother country.
The Directors have therefore decided to establish the pre-
sent Company in London, with a Branch at Victoria, the
chief town of Vancouver's Island, and further to add such
other branches in British Columbia as may from time to time
be required. These ramifications will be of the utmost im-
portance, not only to the inhabitants already established
there, but also to the emigrants who may proceed thither
from this country.
The remuneration of the promoters is limited to the sum of
£4,000 in lieu of all further claims on, or prospective advan-
tages from, the Company.
The following letter on the subject appeared in the "Globe"
newspaper no later than January the Ist of this present year;
and all its assertions are more than verified in subsequent
information furnished to the Government, as appears by re-
cent Parliamentary reports
I have told you before of the almost fabulous richness of
the mines of British Columbia; recent accounts place this
beyond a doubt. Many men are making 100 dollars per day,
and not a few have picked up 100 ounces in the same space of
time. Numbers who left Victoria penniless are now worth
from 1,000 dollars to 10,000 dollars, the result of one summer's
labour. Those who had not luck enough to get good claims
of their own, obtained plenty of employment at from 10 dol-
lars to 20 dollars per day. Want is unknown, provisions are
plentiful, and hardships are among the things of the past.
According to all accounts, the gold must have been taken out
by spadefuls. Think of 100 dollars to the pan—not a fancy.
but a reality ! Miners think that richer diggings are yet to
be found, and that the true seat of the gold is not yet disco-
covered. All the metal is coarse, and in small nuggets—say,
from 10 to 20 dollar pieces. The largest lump yet found
weighs 71b. ; and this, strange to say, was found on Thomp-
son's River (old and neglected ground). Miners are now
coming down in large numbers, each with his little sack of
Fold; but the majority of those with `piles' proceed to San
rancisco, a loss at present to us unavoidable from the want
of a mint, and the scarcity of the circulating medium. The
Otter within the last fortnight has brought down not less
than 500,000 dollars, and there is plenty more to come. Wells,
Fargo, and Co. alone will have shipped this year not less than
a million and a half of dollars.
Scrip certificates will be issued until such time as registra-
tion shall be required.
Application for Prospectuses, in the annexed form, may be
made to Messrs. R. and J. Sutton, the Brokers of the Com-
pany, 22, Royal-exchange ; but no application will be consi-
dered unless accompanied by the Banners' receipt for the pre-
liminary deposit of £1 per share.