The Sun.
London, England, 1836-06-04 00:00:00

PROSPECTUS.

THE MONMOUTHSHIRE BANKING
COMPANY.
CAPITAL, b-oo,oow. IN i.)5,000 SHARES OF 20/. EACH. .
.Lownos AGENTS.—Messrs. Williams, Deacon, and Co.

This Company has been formed fir the purpose of carrying on
the lucrative business, hitherto conducted as a Priyate Bank, at the
three towns of Newport, Pontypool, and Chepstow, in the county
of Monmouth, with ulterior views of extending the establishment,
by purchase of the interests of existing Bankers, or otherwise,
though the whole of the neighbouring districts.
The clear profit of the three Banks above mentioned, for the
year ending Dec. 31, 1835, -was at the sate of upwards of 20 per
cent. on a paid up capital of 50,0001.
The following is the basis on which tho shares will be appro-
priated:—
One-fifth to the present partners, at par.
Two-fifths to such customers of the Bank as may wish to take
them, at a premium of 21. 10-s. per share.

Another fifth to be apportioned, at a premium of 51. per Share,
amongst such local res►dents or influential persons, as may be likely
to promote the interests of the Bank.

The remaining fifth of the Shares to be sold to the public, at
such premiums es may be agreed upon.

The money to arise from the premiums on the different classes
of Shares, to be dispossd of as follows :

Three-fourth parts thereof to be paid to Messrs. Jones and
}Hewitt, as a compensation for the relinquishment to the Com-
pany of their business ; and the remaining fourth part thereof, after
satisfying all expenses incidental to the formation of the Company,
is to be carried to a reserve, or provisional fund, for the general
benefit of the Shareholde..s.

The premiums on the Shares, together with a deposit, or first
instalment of Si. per Share, to be paid immediately on the appro-
priation of the Shares, and a further instalment of 51. per Share,
on or before Feb. 1, 1837. The remainder of the capital to be
called for, at the discretion of the Directors, in sums not exceeding
5l per Share, at any one period, and at intervals of not less than
three months.

The Directors to have power to increase the capital to One
Million, by the creation from time to time of additional Shares,
which Shares shall be sold. Three-fourths of the produce of such
Shares to be distributed amongst the holders of Shares in the ori-
ginal Capital; and the remaining fourth to be carried to the reserve
or provisional fund, for the general benefit.

A Board of Directors will be forthwith appointed, of. which Mr.
Jones shall be Chairman, and Mr. Blewitt Deputy Chairman. The
general affairs of the Company to be regulated and managed by
such Board; but for the sake of ensuring that privacy respecting
the pecuniary concerns of individual customers (the absence of which
is so objectionable a feature in the general conduct of Joint Stock
Banking Companies), Messrs. Jones and Blewitt alone will, for one
year at least, have the right to inspect, regulate, and controul the
!edger accounts, and discount operations, of cacti particular customer.
The qualification of a Director to be the possession of one hun-
dred Shares in his own right.
The business of Messrs. Jones and Blewitt, at Newport, Ponty.
pool, and Chepstow, will be transferred to and carried on by and
for the benefit of the new Company, on and from August 1, 1836,
when the whole concern is to be taken to as it then stands, save
that Messrs Jones and Blewitt will indemnify the Company against
any bad debts which may be incurred previous to the said let of
August.
All the present officers and clerks of the establishment, who have
been selected with great care, shall be retained.
All Shares upon which any instalment shall not be paid. within
thirty days after notice, shall be forfeited, together with any pre-
vious payments made thereon, and such Shares shall be sold for the
benefit of the Company.
Applications for Shares to be made on or before the 20th day of
June next, by letter (postage paid) to Messrs. Williams, Deacon,
and Co., Birchin-lane ; Messrs. Bicknell, Roberts, and Finch, So-
licitors, 57, Lincoln's Inn-fields, London; or at either of the Banks
at Newport, Pontypool, and Chepstow.

FORM OF APPLICATION FOR SHARES.
To the Provisional Committee of the Monmouthshire Banking
Company.

Gentlemen,

I request you will allot to me Shares in the capital
of the above Company, wkich I agree to accept upon the terms
contained in the published Prospectus, and to pay the premium and
instalments as therein mentioned. I also agree to s►gn the Deed of
Settlement, when approved by the Directors.
Christian and Surname of Applicant in full.
Place of Abode. •
Profession.

EDINBURGH AND LONDON.
The SOHO Steam`-ship will leave Brunswick Steam
-wharf, Blackwall, in place of the CALEDONIA, this evening.
The first voyage of the Monday evening ship will be on MON-
DAY 13th inst., instead of Bth, as before advertised.

CHARLES BESSELL, Secretary.
General Steam Navigation Company, 35, Leadenball-street,
37, Regent-circus, and 69. Lombard-street.