The Sun.
London, England, 1866-11-09 00:00:00

DIRECTORS.

CHAIRMAN—JAMES THOMSON, Esq., Chairman of the
Madras and'East India Irrigation Company.
James Spicer, Esq. (Messrs. J. Spicer and Sons), Vice-
President and Trustee of the Equitable Assurance

Society.
Robert Slater, Esq. (of the late firm of Morrison, Dillon, and
Co.), Director of the Fore-street Warehouse Company.
John Stewart, Esq., Director of the Imperial Ottoman Bank.
J. Carrington Pahner, Esq. (Messrs. Maißop, Stewart, and
Co.), Colonel the Hon. H. B. Dalzeil, late Bengal Artillery.
BANKERS —Messrs. Glyn, Mills, Currie, and Co.
MANAGER_Macintosh Balfour, Esq.
SOLICITORS Messrs. Ashurst, Morris, and Co.
AUDITORS—David Chadwick, Esq., and a second Auditor to

be appointed.
The objects of the Bank are—to take over the assets and
liabilities of the Agra and Masternian's Bank (Limited), and
liquidate the same as a working bank, and to continue that
portion of the business formerly carried on by the Agra
and United Service Bank (Limited).
The proposed plan for this purpose is explained in the
statement which has been already circulated, and which,
at a numerously attended meeting of the shareholders of
the Agra and Masterman's Bank (Limited), held at the
London Tavern. on the 18th October, 1866, was unani-
mously and cordially adopted, and a committee of share-
holders appointed to "carry out the necessary arrange-
ments to give effect to the proposal, with power to make
such modifications therein as the committee may find
necessary."
A copy of that statement, with the modifications therein
already agreed to by the committee, can be obtained on
application as at foot.
The committee have nominated the six above-named
Directors, and it is intended to add not exceeding three
additional Directors, to be selected by the Board from the
subscribers to the new capital, making the number of
original Directors not exceeding nine, but with power to
increase afterwards, if found desirable.
The business which it is proposed to carry on has been
tested by the experience of the past to be both safe and
profitable. From the establishment of the Agra and United
Service Bank in 1833, up to the end of 1863, when it
changed its name and entered upon an extended field of
operations, it proved itself a growing and unchecked suc-
cess, and during the years 1862 and 1863, respectively,
paid to its shareholders clear net dividends of 18 and 20
per cent.
The advantages which the proprietors of the shares now
offered will receive are :
(1). The benefit of an old-established and profitable
business, without any payment for goodwill.
(2). They will have a preference dividend out of pro-
fits for two years of ten per cent. per annual on their paid-
up capital.
(3). They will have the option at once, or at any of
the before-named periods, of paying up the whole amount
of £lO per share : dividends being allowed on all payments
pro rata. The liability on the shares will therefore be ac-
tually, and not nominally, limited.
The subscription list will be closed for London on the
12th, and for the country on the 13th day of November,
1866, and applications will be considered in the order of
their receipt.
Forms of application and further particulars may be ob-
tained ou application to Messrs. Chadwick, Adamson,
M'Kenna, and Co. 40, Old Broad-street, London, E.C. ;
or to tho "Shareholders' Committee," No. 33, Nicholas-
lane, Lombard-street, London.