The Sun.
London, England, 1833-08-23 00:00:00

Many noblemen, gentlemen, merchant, and tradesmen,
considering that every circumstance combines to make it
desirable Inc the public good at once to establish such a
Bank, the undermentioned Committee has been formed,
on whom will devolve the duty of making the necessary
arrangements for constituting the Bank, of forming the
direction, and of maturing the plan for the future manage-
ment of the establishment, including the settlement of the
deed of constitution, and the revision and alteration of the
conditions of this prospectus in their discretion.
The success of Joint Stock Banks is not experimental,
but ascertained, and practically illustrated by the admitted
prosperity of such Banks in England, Scotland, and Ire-
land. This affords the best reason for anticipating similar
success to the present more extended establishment, pro-
posed to be conducted upon the same approved system of
banking.
The advantages of joint stock ba❑ks are obvious—
" Their capital cannot be diminished by either deaths or
retirements; their numerous proprietors ensure to them
confidence and credit, as well as ample business in depo-
sits, loans, and discounts ; and their rigid exclusion of
every kind of mercantile and speculative transaction,
affords a satisfactory guarantee to the community at large
that their means are only employed in legitimate banking
operations. They are under the management and con-
troul of men who are elected by the respective proprietors,
who have no individual interest which can induce them to
depart from an approved prudential course, and who are
a safe and constant check upon every transaction and upon
every officer in the several establishments; and their sys•
tem of accounts is so accurate that there is little trouble in
producing, at any time, a clear and full statement of their
stock and business, however great the cne or extensive the
other."

It is intended, as far as m y be practicable, to allow a
graduat, d scale of interest on deposits; and while none of
the best parts of the system pursued by London Private
Bankers will be over-looked, it is proposed to give such
otlo r f wilities to the public as have been afforded with so
much advantdee to all classes by Joint Stock Banks in
Scotland, and by the various similar Establishments more
recently formed in England and Ireland.
• It is proposed that the Bank shall be designated "The
Lonthdi and Westminster Bank," and that the establishment
shall be Mrthwith formed in the City, and for the accom-
modation of the Fublic a Branch Bank will be simultane-
ously established at th,,, West end of the town.
It will he in the discretion of the Directors, under the
deed of constitution, to establish other branches wher it
may be ileetned expedient.
The capital shad be 0,000,000/., divided into 100,000
shares of 100/. each, in order that the mercantile end
trading community an I the public in general, who may
become proprietors, may, by this extensive distribution
of shares, acquire an interest in the prosperity of the
establishment, and participate in its advantages.
Five pounds per share will be, ie. the first instance,
payable by those becoming proprietors, to five of the un-
dermentioned Committee as Trustees, according to direc-
tions which will hereafter -be conveyed to them individu-
ally, and should a further call at any future period be re-
quired, it will be made under the sanction of the Directors
and t;-e deed of constitution, and after three months public
notice.

No subscriber holdiug a smaller number than thirty
shares shall be eligible to be elected a Director.
A General Meeting of the Proprietors will be held in
each year, at which a statement of the affairs of the Bank
will be submitted.

The deed of constitution will contain all the ususl and
necessary clauses.
The present Committee, with power to add to their
number, ie compo.ed of—

The Most Noble the Marquis of BUTE.
The Right Hon. Lord SCUART DE ROTHSAY.
Sir THOMAS FREMANTLE, Bart., M.P.
PATRICK MAXWELL STEWART, Esq., M.P.
HENRY THOMAS HOPE, Esq., M.P.
JOHN STEWART, Esq., M.P.
SAMUEL ANDERSON, Esq.
GEORGE ARBUTHNOT, Esq.
HENRY BOSANQUET, Esq.
WILLIAM ROBERT KEITH DOUGLAS, Esq.
HENRY HARVEY, E q.
MATTHEW BOULTON RENNIE, Esq.
PEARSON THOMPSON, Esq.

Applications for Sh fires to be by letter, addressed to the
Secretary to the Committee of the London and West-
minster Bank, at its temporary Offices, No. 35, Great
Winchester-street, Old Broad-street; and No. 11, Water-
loo-place,
The Committee, in apportioning the Shares, will be
desirous to distribute them among such classes of the com-
munity as are likely to promote the future interests of the
Establishment.