The Sun.
London, England, 1861-12-10 00:00:00

THE NATIONAL CREDIT AND EXCHANGE
COMPANY (Limited).
Established pursuant to Act of Parliament.
Capital, £500,000, in 100,000 Shares of £5 each, with power to
increase the same to £2,0]0,000, Call, £1 per Share.
Deposit of ss. per share to be paid with the application. 15s.
per share payable on allotment. No future call to exceed
£1 per share, of which One Month's Notice will be given.
Eighty per Cent. of the Nett Profits wici be clotted to Share-
holders.
Intesest allowed on Deposit, and a Beaus equal to 20 per
Cent. of the INett Profits to Depositors.
TEMPORARY OFFICES-22, Poultry, Bank, London, E.C.
CHAIRMAN.
Sir CHARLES TAYLOR, Bart, 20, King-street, St. James'S,
London, and Forest Lodge, Liphook, Hants.
DIRECTORS.
Charles Frederick Ash, Esq., 141essrs, Ash and Co., Iron
Merchants, 20 and 21, Upper Thames-street, London.
Richard Condy, Esq., Messrs. Coady Brothers, Merchants,
Manufacturers, and drys alters,B arlick-hill, Upper Thames-
street, London, manufactory, Battersea, Surrey.
William Foster, Esq., 16, Montague-square, London.
Gilbert G likes, Esq., merchant, King's-arms-yard, Loth-
bury, and Steward-street, Spitalsfields.
Angus M‘Renzie, Esq., Australian merchant, Gresham House,
Old Broad-street, London, and Sydenham, Kent.
Edward Lawrence, Esq., of Messrs. E. Lawrence and Co.,
East India merchants, Bank-chambers, Liverpool, and
Bombay, and member of the Town Council, Liverpool.
W. D. Ruck, Esq., of Messrs. Win. Denny, Ruck, and Co.,
merchants, Duke-street, London-bridge.
William Digby Smith, Esq., of Messrs. W. D. Smith and Co.,
merchants and money brokers, 6, Exchange-buildings, Li-
verpool.
James Hamilton Wilson, Esq., of Messrs. C. and 11. Wilson,
American merchants, Union-street, Liverpool, and corre-
spondent of the Bank of Mobile.
AUDITORS.
Robert Obbard, Esq., Deputy of the Ward of Farringdon, of
the firm of Messrs. Obbard and Co., merchants, director of
the Amicable Assurance Society, 2, Crescent, Bridge-street,
and 240 and 241, Upper Thames-street, London.
Thome de Castro, Esq., merchant, Gracechurch-street, Lon-
don.
Joseph George Green, Esq., merchant, 38 and 207, Upper
Thames-street, London.
George Latham Brown, Esq, director of the Cape Town
Railway and Dock Company, Gresham-house, Old Broad-
street, London.
Messrs. liarmood Banner and Son, Harrington-chambers, 24,
North John-street, Liverpool.
GENERAL MANAGER,
Alfred Burt, Esq.
SECRETARY.
George Stacy, Esq.
CHIEF CLERK AND ACCOUNTANT,
James Maurice, Esq.
SOLICITORS,
E. A. Marsden, Esq , 30, Walbrook, E.C.
Edward Banner, Esq., Blacklow House, Roby, and
North John-street, Liverpool.
SURVEYOR,
Chas. Davenport, Eq., of Messrs. Dickson and Davenport,
32, Bucklersbury, E.C.
BANKERS,
Messrs. Masterrnan, I'eters, and Co., Nicholas-lane,
Lombard-street, E.C., London.
Messrs. Barned and Co., Liverpool.
The Clydesdale Banking Company, Glasgow, Edinburgh,
and Branches.
BROKERS.
Fred. Everett, Esq., 18, Royal Exchange, London.
Le wellin A. Crowley, Esq., 38, Throgmorton-street,
London.
Messrs. Taunton and Molyneux, Liverpool.
Samuel Fennyhough, Esq., 30, Cross-street, Manchester.
Messrs. Macalluan & Sidey, Princes-street, Edinburgh.
David E. Outram, Esq., 1, Royal Bank-place, Glasgow.
This Company is established to supply merchants and the
trading community with facilities not yet afforded by Bankers
or any existing Association, to make advances on produce and
mer handise, and to receive upon the credit of a large sub-
scribed Capital, money on Deposit at a fixed rate of interest,
and to lend the same, together with the paid Capital, on con-
vertible mercantile securities.
Although Bills of Exchange are readily negotiated with-
out the d. posit of any collateral security, there does not exist
any adequate means of obtaining advances on merchandise or
produce.
This Company proposes to supply this want by making
advances upon the security of Merchandise, Bills of Lading,
or Warrants representing Merchandise lying in the Docks,
Wharves, or Bonded Warehouses, or other marketable
securities.
It is well known that consignments of Merchandise of great
extent and value are made annually to London from all parts
of the world, as well as from the Manufacturing Districts
throughout England ; and it is expected that Merchants and
Manufactur ,rs will readi y avail themselves or the facilities,
now for the first time offered by any Public Company, for ob-
taining immediate advances on their property.
The aggregate amount of Trade of the United Kingdom in
exports and imports, in 1860, exceeded £350,000,000 sterling,
and during the last 25 years the exports alone have increased
400 per cent.
The Company will afford every facility for sampling and
inspection of Goods, to effect sales, to redeem any portion or ,
the whole at any moment.
It is well known that the large yearly in.creasing dividends
of the Banking Institutions are mainly produced by their
advances on mercantile securities.
The following table exhibits the progress and condition of
the principal London Joint Stock Banks :