The Sun.
London, England, 1849-10-01 00:00:00

THE

No OYAL BRITISH BANK.
Incorporated by Charter, September 17, 1849,
MAU
For Receiving Deposits at Interest, Discounting Bills, making Ad-
vances. on Approved Securities, Granting Cash Credits, and trans-
acting every other Description of Banking Business, on the
Scottish System.

16, Tokenhouse-yard, Lothbury.

Commencing Capital 100,009/., with power of gradual increase to

2,000,0001,

The Governor and Directors have the satisfaction to announce
that the CHARTER has received the Royal Approval, and passed the
Great Seal, and contains authority to use the special designation of

" TIIE ROYAL BRITISH BiNK."
COURT OF DIREC TORS.
GOVERNOR.

John Macgregor, Esq., of Ennismore-terrace, Hyde-park, for
Glasgow.

DEPIITY-GOVEBNOR.

R. Hartley Kennedy, Esq., (Deputy• Chairman of the Oriental
Bank) walbrook, and Resiugton Lodge, Notting-hill.
DIRECTORS.
Edward Esdalle, Esq., City Saw-mills, Regent's-canal.
Jo

Gwynne. Esq.,of the Bashmilli Iron Works, and Gron-lane,

Camberwell.
Achilles James Hertz, Esq., Angel-court, Throgmorton•street, and

. _
Pall-Mall West.
W. Somerville Orr, Esq., of Paternester-row, and Church-hill, Wal-

thamstow. .
William Daniel Owen, Esq., of Great Ceram-street, and Highgate,
. _

Apsley yellatt, Esq., of .do:land-street, Blackfriars, and Statues,

"Middlesex.
Thomas Ritchie, Esq.,- of Bishopsgate-street Within, and Dorset-

square.
Archibald Spens, Esy, Bombay Civil Service (Trustee of the
Oriental Bank).
Charles Walton, Esq., of Newman't-court, Cornhill, and Waltham
Lodge, Tuise-11111, Brixton.
GENERAL MANAGER.
Hugh Inner Cameron, Esq., of New Palace-yard, and late of Ding-.
wall, N. 8., to whom all applications are to Le addressed, at the
Bank, 16, Tokenhouse-yard.
SOLICITORS.

Messrs. Mullins and Paddison, 1, Great James-street, Bedford-row.
The Establishment will be open for business as soon as the pre-
mises ani internal arrangements are completed. As stated in their
more detailed prospectus, the Directors Confidently expect to be able
to realise an amply remunerative return to the proprietors, but they
do not desire inordinate profit. They will labour for the former as
an essential condition of the prosperity of the Institution :—they
would decline the latter as being inconsistent with its leading object,
which is to (-Wills° its, advantages among the greatest possible num-
ber, not of shareholders only, but of cusfeeners also. The Royal
British Bank chiefly seeks—without competing with, or attempting
to rival, the existing Joint-Stock Banks, and to whom the public aro
largely indebted—to invite the very numerous class engaged in trade,
or other active pursuits in the metropolis, who do not at present bank
at all, to avail themselves of the facillties-in business,•and of the social
benefits, which " keeping a banker," assuredly confers :—to induce
those who have not yet thought of it, to endeavour to acluire a habit
of prudent accumulation : and to offer to those who have already
attained to 'this virtue among the middle and humbler classes, not
only a place of safe deposit for their accumulations, but a fair return
for the use of these—arising from their distribution amongst the In-
dustrious, energetic, honest, and moral men, whose powers are unde-
veloped, and they and their families depressed, solely from the want,
in many cases, of a little capital opportunely supplied. A portion
comparatively small, of the unemployed surpluses of even the
humble depositors in Savings Banks, would, If discreetly lent to
such persons as those aboare mentioned, raise the condition in life of
multitudes in London, and by making them not only more useful
citizens but better men, benefit society at large, and, by causing
much that is now inert and unproductive to become active and
fruitful, increase the capital and the wealth of the country. Such
are the objects of the Royal British Bank. Having, by the favour
of the Crown, been not only incorporated, but privileged to increase
their capital from time to time as their operations extend, the Di-
rectors purpose thoroughly testing the applicability of the principles
on which the corporation is founded, to the metropolis, before opensp
ing branches elsewhere.

Though their plan be new in London, and embraces features
which are not to be found in any one Bank hitherto established any-
where, the Directors are so satisfied of their soundness and public
utility, that they are convinced it is only necessary to exhibit them
in practice, to win all to their opinion. To do so lastingly it must
be done gradually. They will, therefore, proceed by steps—if slow
yet sure—preferring certainty to speed, and remembering that the
oak was at first but an acorn.

While the Directors address more particularly the classes formerly
alluded to, yet the business of the Bank is to be conducted on prin-
ciples which will enable all others to avail themselves of the usual
banking facilities. It is, however, the earnest desire of the Directors
that the humblest customer who brings but his occasional deposit
of a pound, be treated by all in the Establishment witk the attention
and consideration which the wealthy can at all times command for
themselves.

The rates of interest, &c., to be charged on advances, and al-

lowed on accounts and deposits, must of course vary with the state
of the market, and the value of money, which so frequently fluc-
tuates; but at opening, the Directors propose that the following
shall in their