The Sun.
London, England, 1840-02-28 00:00:00

'ROYAL BANK OF AUSTRALIA.
;Led Capital, 1,000,000, in 20,000 Shares of SW. each.
Deposit 5/. per Share.
nt REcTottr.
Benjamin I3oyd, Esq. 'Alexander Cockburn, Esq.
Thomas Esq. William P. Craufurd,
George Webster, Esq. John Connell, Esq.
John W. Sutherland, Esq. John Mitchell, Esq.
STANDING cntiNsiL.
Peter Laurie, Esq.
SOLICITORS,
Messrs. Parken and NY cbster. 13, New Boswell Ccurt.
Messrs. Johnston and Farquhar. 32, .New Broad-street.
BANNERS.
Union bane of London,
Nloorgate-street, Lothbury; and Argyle-place, Regent-Et:ed.
Edinburgh—National Bank of Scotland.
Leith—hdlitiburgh 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.
The object of the Company is for the transaction of all
Ranking business at SYDNEY, LAUNCESTON, ADE-
LA IDit, PORT PHILIP, and such other places as the Di
re,dors may deem advisable ; and it is intended to apply, as far
Its possible, the system which has proved so successful in Scot-
land.

the extraordinary progress which the Australasian Colonies
have made within the last few years, the continued flow of emi-
gration towards them, together with the high value of money
there, call for an increased number of establishments of this de-
wription, and the prosperous condition of the Backs already in
operation is a sufficient guarantee that under prudent manage-
ment this Investment must prove a most profitable and secure
one 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 50 to 75 per
cent. 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 London :
Original Share. Paid up. Present Price.
Bank of Australasia ...... £4o 0 £57 10
Ditto (new Shares) 40.... ... 10 0 l7 10
Union Bank of Australia)
25 l7 10 25 10
(established in 1838 )
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-
ing, on the 3d of February, and by the folloming extract from
the Rev. Henry Carmichael's Pamphlet on New South Wales,
I wherein he observes—" There are at present in Sydney three
Joint Stock Banking Companies in operation, with a paid-up
capital of ablut 80,000/. each ; which divide a profit znnually
of from 20 to 25 per cent. His Excellency Sir James Stirling
also, in his recent work on Western Australia, says, 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
div:dend of 11 and a half per cent. on the paid-up capital ;at j
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 mak7ng arrangements
for immediately carrying into effect the objects of the Com-
pany; and in order to advance the influence of the Bank in the :
Colonies, they have reterred 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 2/. upon
each share applied for, the Directors reserving to themselves,
at the time of appropriation, the right to reject or comply with
such application, either in whole or in part, the money to be
returned if the application be rejected, and to be placed to the
credit of the party in respect of the shares allotted to him
if accepted.
For the guidance of those who-may wish to become proprie-
tors, it may be mentioned, that it is not in contemplation to
call up snore than 101. per share for the next twelve months.
The Directors have postponed filling up the London Board
to the full number of ten, in order to give them the opportunity
of selecting influential proprietors, whose assistance and co-
operation they may think it advisable to secure for the interests
of the concern ; power is reserved to them for that purpose,
and they are also authorized to complete all other arrangements
necessary for putting the Company into immediate operation.
Application for shares, in accordance with the printed form;
to be made to Messrs. Boyd, 4, New Bank Buildings, Lothbury,
London