The Sun.
London, England, 1860-07-23 00:00:00

GENERAL MERCANTIL4 BANK of
ST. PETERSBURG .
APPLICATIONS for SHILRES will be""reteived at
Messrs. C. Devaux and Co.'s, 62, King Willi treet,
London, until Thursday, the 26th inst., inclusive.
FORM OF APPLICATION.
Messrs. C. Devaux and Co.
Gentlemen,-1 request you will allot me shares, of
125 roubles specie (about £2O) each, in the General Mer-
cantile Bank of St. Petersburg (Societe Generale de
Banque et de Con:melee de St. PeterstPourg)'upon the
terms of the prospectus, and I hereby agrOTto accept the
said shares or may smaller number that may be allotted
to me.
I enclose you a cheque for £ , being a deposit of
£2 per share, and I hereby agree to pay a further sum of
£3 per share upon the shares allotted to me when required
to do so.
I authorise you to apply the money now paid towards the
£5 per share on the shares allotted me, and I also agree that
if I do not pay the balance of the £5 per share when re-
quired the allotment may be cancelled, and the deposit may
be forfeited to the Company.
Name in full
Residence
Date ' ... ***

GENERAL MERCANTILE BANK of
ST. PETERSBURG.
(Societe Generale de Banque et do Commerce de St.
Petersburg.)
Established by Special Decree of his Imperial Majesty the
Emperor of All the Russias.
Present Capital, 12,500,000 Silver Roubles (in specie)
(L 2,000,000 Sterling or Frs. 50,000,000).
In 100,006 Shares of 125 'Roubles. Frs. 500. £2O.
Power of Increase to 50,000,000 Roubles, as the interest of
the Bank may require.
£2 per Share to be paid on application, £3 per Share to
be paid on allotment, after which a Provisional Certificate
of 31 roubles 25 copecks (15 paid) will be delivered, the
possession of which involves no liability either for the
holder or for the original Subscriber. Vide Articles 14, 16,
17, 19, and 89 of the Statutes.
The subsequent payments will be mentioned upon the
aforesaid certificate.
Alter paym (L
ent of 40 per cant. 8)o
, three months* notice
for the other calls. N call to be more than
£5 per share.
When all the calls are paid, the Provisional Certificates
will be exchanged for Shares to bearer.
Calls to be discountable at 5 per cent. per annum.
ONAL D:RECTORS.
Baden Baron Mulhens,*
Frankfort - on- j Baron Maurice de Fondate!Vs de
,
la Societe.
the-Maine 1 Haber,
St. Petersburg His Excellency le Conseiller d'Etat, A.
Muller.
Branelt, Esq., of the firm of G. F,
Brandt and Co., President of the Com-
mittee of the Bourse of St. Petersburg.
W. Blessig, Esq., of the firm of Blessig
and Co.
Nicolai Plesehanoff, Eeq., of the firm of
M. F. Pleschanoff‘and Fils.
London
Director of the London. and West-
minster Bank.
James Hutchinson, Esq., of the firm of
J. Hutchinson and Son.
Alexander Miller, Esq. Director of the
Chartered Bank of India, Australia,
and China.
Matthew Uzielli, Esq., of the firm of C.
Devaux and Co.
Paris
Legislatif.
Vienna
Darmstadt.
Brussels M. Jules Matthieu, of the firm of J. P.
Matthieu and Fils.
Moscow
Nicolas de Rumine.
BANKERS IN LONDON.
London and Westminster Bank, Lothbui7.
This Bank is founded by special decree of the Emperor,
with a view to the extension of commerce and the general
improvement of the country. By the statutes the conces-
sion is for 50 years, and for at least 10 years no similar in-
stitution can be eitablished in Russia. The Bank will
materially facilitate the development and extension of the
internal and external trade of that great empire, where a
'vast field opens for the profitable employment of capital.
The Bank has the power to undertake all banking and
financial operations, and to establish branches in the prin-
cipal towns of the empire. It will enjoy the very import-
ant privilege of having its shares admitted to be deposited
in all public offices, forcaution money, the same as Govern-
ment securities.*
The interior trade of the country is very large, and the
imports of colonial and English produce and manufactured
goods, and the exports of tallow, timber, corn, hemp, flax,
copper, Ste., which are already considerable, will be greatly
developed by the aid of such a basking establishment,
which has long been much wanted, and indeed has now
become, indispensable.
The system of railways in Russia is progressing rapidly,
which necessarily will augment its wealth and prosperity.
At present, in St. Petersburg, much capital is wasted in
the daily transactions of trade, in carrying large sums from
merchant to merchant, at great risk and expense, thus caus-
ing an unnecessary amount of capital to remain unproduc-
tive—the mode of payment by cheques so universal in
England, being there totally unlielown.
One of the objects of this Company will be to introduce
into Russia as speedily as possible the English system of
banking, by which the amount of capital required for the
operations of trade is so greatly reduced, while it is at the
same time attended with such profitable results to the
shareholders.
In conformity with the Articles 12 and 13 of the Statutes
the Bank will be constituted as soon as the first issue,
forming the capital of 12,500,000 silver roubles (in specie),
fixed by the Minister of Finances (100,000 shares of 125
Roubles), shall have been completed, and 25 per cent. paid
up within the delay stipulated in the Statutes. All profit
on the exchange will be accounted for to the shareholders.
The Article 12 of the Statutes states that the issue of the
remainder of capital shall be made under the sanction of the
Minister of Finances for the extension of the business of
the Bank. His Excellency havinr, already given his
sanction to such issue when required, the time and amount
of any further issues will be decided by the Board of Di-
rectors.
In consideration of the transfer of the concession to the
Company, it is agreed that the fondateurs, Baron de Haber
and Baron Mulhens, shall have the option of taking at par
one-half of the future issues up to 50,000,000 rubles, the
other half to be offered rateably to the Shareholders at par.
The Board of Directors will determine the conditions of
• the option and the delay during which it will be available.
The Banking Commission for raising the present capital
(viz., t per cent. to the bankers and per cent. to the fon-
dateurs) will have to be approved by the first General
Meeting of Shareholders upon the proposal of the Board of
Directors.

DIRECTION AND MANAGEMENT.
The Statutes provides that the Board of Directors shall
composed of 15 members (of whom five must be Russians,
or naturalised subjects). They are to engage and have
under their immediate control the Managers (not exceeding
five), two of whom must be Russians, or naturalised sub-

jects.
These Managers form a permanent Committee, to manage
the affairs of the Bank, decisions being taken by a majo-
rity. They Gannet personally take any interest in the
operations of the Bank, nor receive any loans or advances
for their private account.
Until the completion of the railway communicatiln
between St Petersburg and Prussia, every foreign mem-
ber of the Board of Direction has the right to choose a sub-
stitute, subject to the approval of the Board of Directors.
This substitute must reside in St. Petersburgh, or within
24 hours' journey of that city.
The Members of the Board who do not reside in Russia
will receive from time to time 'every information necessary
to appreciate the general working of the Bank, and they
will be consulted upon all business considered of sufficient
importance.
The present Board of Directors is named for five years,
at the expiration of which time the Directors retire by ro-
tation, but-can be re-elected, and a. majority of two-
thirds of its members, can submit to a general meeting
of shareholders that the Board retire, and a new Board be

elected.
The General Meeting may also proceed to these new elec-
tions, in virtue of a proposition presented to the Directors
of the Company, at least eight days before the meeting, and
signed by shareholders holding one-sixth part of the capital
of the Company.
It is proposed that the advantages stipulated in favour of
the fondateurs be represented by special certificates.
On application to Messrs. C. Devaux and Co., 62, King
"William street, copies of the Statutes may be obtained.
The Provisional Directors are authdrised to agree with the
Russian Government, in case modifications or alterations
be thought advisable in the Statutes.
Reference to the Statutes will show the liberal terms
accorded by the Russian Government in this Concession,
and the great precautions taken by the Government and
the fondateurs in framing the Statutes so as to ensure the
safe and profitable working of the Bank.
AGENTS. OF TAE BANK.
London.—C. Devaux & Co. Amsterdam.—
Paris.—Ad.Marcuard & Co. Berlin.—
Vienna.—Fk. Schey. Hamburg.—
Brussels.—J. P. Matthien Frankfort-on-the-Maine.—
and Sons.

* In Russia no tenders or contracts are admitted by Go-
vernment or by any public offices without a proportionate
amount of caution money in Government securities being
first deposited.