The Sun.
London, England, 1840-03-18 00:00:00

RiTISH COLONIAL BANK AND
LOAN COMPANY.
Office' 13, St. Swithin's-lane, Lombard-street.
Capital 1,000,0001., in 25,(i00 Shares of 401. each.
Deposit fit. per Share,
DIRECTORS.
The Right Hon. Sir R. Wilmot Horton, Bart., Chairman.
The Right H en. Thomas P, Courtenay, Deputy Chairman.
George Fife .Angas, Esq. Sir J. De Courcy Laffan, 13t.
Sir William de Bathe, Bart. Geo. AlfredMuskett, Esq.,M.P.
Robert John Bunyon, Esq. Sir Francis Shuckburgb, Bart.
Sir Herbert Compton William Sloane, Esq.
Andrew Tucker Follett, Esq. .James Stewart, Esq., M.P.
Colonel Sir William Gossett John Shewell, Esq.,Toses Asher Goldsmid, Esq. -Thomas Teed,
/4KERs—The Commercial Bank of London, 3, Moorgate-
street, Bank.
'St/LiciTosts—Messrs. Adlington, Gregory, Faulkner, and
Follett.
SECRETARY-William Wright, Esq.
iThe objects of this Company are to make Loans upon good
sftnrities, and eventually to undertake Banking and Agency
1 ,13.11shlocs in the Australasian Colonies ; and the Directors,
cro various sources of intelligence, are confirmed in their
opinion that these transactions may be conducted with all the
Safety and advantage they originally contemplated.
The Deed of Settlement is now ready for signature, at the
office of the Company.
Considerable subscriptions have been already received, and a
no number of Shares are reserved fir the Colonies ; but the
I)trectors will be ready to receive applications for the remain-
ing unappropriated Shares reserved for this country.
Prospectuses and all other necessary information may ho ob-
tained of the Secretary, at the office of the Company.
Deposits of 21. per Share, to accompany each replication,
InaY be paid in London to the Commercial Bank of London, 3,
aoorgate-street, Bank ; and to tho principal Joint-stock Banks
and their branches throughout. the country.
FORM OF APPLICATION.
Date
To the Directora of tho British Colonial Bank, and Loan Com_
pany, No. 13, St. Swithin's-lanc,, London.
Shares
request you will dss4,-n to me
Ira! es in the British Colonial Bank and Loan Company ;
„aving, in terms of the Prospectus, paid into the
the sum of
Pounds, or 21. per Share, to be applied
4'1)611 payment of the first Deposit, in the event of this appli-
ction being complied with either in whole or in part, such
Shires to be holden as stated in the Prospectus, upon the rules
atil regulations of the Deed of Settlement,
'lam, Gentlemen, your obedient servant.

lOYAL BANK OF AUSTRALIA.
Capital, 1,000,000, in 20,000 Shares of 50!. each.
Deposit Si. per Share.
DIRECTORS.
BQ • •
,rho Boyd, Esq. (Alexander Cockburn, Esq.
f,'',eornas I,leux, Esg, William P. Craufurd, Esq.
orge Webster, Esq. John Connell, Esq.
John W. Sutherland, Esq. John Mitchell, Esq.
STANDING COUNSEL.
Peter Laurie, Esq.
SOLICITORS.
Messrs. Parken and Webster, 13, New Bovrell Court.
Messrs. Johnston and Farquhar, 32, New Broad-street.
BANKERS.
Union Bank of London,
Arborgate-street, Lothbury ; and Argyle-place, Regent-street.
Edinburgh—National Bank of Scotland.
Leith—Edinburgh and Leith Bank.
Glasgow—Western Bank of Scotland.
Greenock—Greenock Bank.
Aberdeen—Town and County Bank.
Arbroath—Arbroath Banking Company.
Dumfries—Southern Bank of Scotland.
Ayr—Ayrshire Banking Company.
B The object of the Company is for the transaction of all
inking business at SYDNEY, LAUNCESTON, ADE-
PORT PHILIP, and such other places as the Di
rectors may deem advisable ; and it is intended to apply, as far
tPdo.ssible, the system which has proved so successful in Scot-

The extraordinary progrees which the Australasian Colonies
have made within the last few years, the continued flow of cmi-
rationer towards them, together with the high value of money
e, call for as increased number of establishments of this de-
scription, and the prosperous condition of the Barks already in
operation is a sufficient guarantee that under prudent manage-
Meet this Investment must prove a most profitable and secure
0110 to the Shareholders, as high rates of interest are obtained
With perfect security in a country where, from well ascertained
data, Capital is improving at rates varying from 59 to 75 per
rent. per annum.
The following Extract from the Official Share List of February
4th, 1840, shows the present value of Stock in Two of the
Australasian Banks formed in Losedon :
original Share Paid up Present Price
Ilank of Australasia .........£4O £4O 0 £57 10
Union
(new Shares) ...... 10 0 l7 10
Rank of Australia
25 l7 10 25 10
(established in 1838) J
Nor can the prosperity of Banking operations connected with
those Colonies be better illustrated than by reference to the
satisfactory Report of the Directors of the Union Bank of
Australia, presented to the Proprietors at their General Meet-
on the 3d of February, and by the following extract from
tße Rev. Henry Carmichael's Pamphlet on New South Wales,
!herein he observes--" There are at present in Sydney three
Joint Stock Rankine; Companies in operation, with a paid-np
capital of abut 80,000/. each ; which divide a profit annually
of from 21 to 25 per cent. His Excellency Sir James Stirling
also, in his recent work on Western Australia, save., in allusion
to the Western Bank of Australia, The second -half-year left
a clear profit over the expenditure of 14 and a half per cent.,
which, after setting aside one-fifth as an accumulating fund,
according to an existing rule, enabled the Directors to declare a
dividend of 11 and a half per rent. on the paid-up capital ;at
the close of the year no dishonoured bill remaining on hand, nor
had the Solicitor of the Bank to commence a single suit for the
recovery of a debt due to it."
The Directors have for some time been making arrangements
for immediately carrying into effect the objects of the Com-
Pany ; and in ordert o advance the influence of the Bank in the
Colonies, they have reserved a portion of the shares for distri-
bution there.
As the principal part of the business must necessarily be car-
ried on in the Colonies, it has been thought inexpedient to
have a numerous Board of Directors in London : it has there-
fore been determined that the number shall not at any time
exceed ten ; but to secure the prudent administration of the
affairs of the Bank, a complete system of superintendence is
,now being organized by the Directors for the Establishments
in the Colonies.
A Sufficient capital has already been subscribed to enable the
Directors to commence business immediately. They have
therefore_ resolved, in order to avoid the inconvenience which
has been found to arise in other undertakings from an unre-
stricted application of shares, and to induce only those to apply
Who wish to become bona fide proprietors, not to entertain any
application unless made in the printed forms provided by them
for that purpose, and accompanied by a payment of 21. upon
each share applied for, the Directors reserving to themselves,
84.! the.time of appropriation, the right to reject or comply with
"h application, either in whole or in part, the money to be
returned if the application be rejected, and to be placed to the
dit 'of the party in respect of the shares allotted to him
if accepted.
4_lrsor the guidance of those who may wish to become proprie-
' it may be mentioned, that it is not in contemplation to
callrtri more than 101. per share for the next twelve months.
to a iectors have ostponed fillig ue London Bord
of
bfuDllr number of ten, in order ion givethem the opportuniaty
selection influential proprietors, whose assistance and co-
ration they may think it advisable to secure for the interests
neeku, concern ; power is reserved to them for that purpose,
they are also authorized to complete all other arrangements
"Rory for putting the Company into immediate operation.
to ha
for shares, in accordance with the printed form,
L " made to Messrs. Beyd,4, New Bank Buildings, Lothbury,
anion

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