The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1839-05-21 00:00:00

ELLIS'S SPLENDID SODA. WATER,

Significantly styled, " Boiling Water, Cold as Ice."
BETTER conceived in the emphatic eloquence of Lord
Byron :
" Ring for your valet, bid him quickly bring
Some Hock and SODA WATER, then you'll know
A pleasure worthy Xerxes, the great King :
For not the best sherbet sublimed with snow,
Nor the first sparkle of the desert spring,
Nor Burgundy, in all its sunset glow,
Can vie with draughts of Hock and SODA WATER."
Prepared by R. ELLis, Manufacturing Chemist to the
Royal Family, Ruthin.
May be had fresh and genuine of Mr. LATHBURY, Castle-
street, ELLISON, Church-street, ROBERTS, Ranelagh-street,
JONES, Adelaide-buildings, JONES, Berry-street, SYERS,
Great Homer-street, PHILLIPS, Pitt-street, WAGSTAFF,
Great George-place, CANNON, St. James's-street, TAYLOR,
Richmond-row, GERDES, Church-street, WGUFFIE, Old-
hall-street, LLOYD, Parker-street, NEALE, Scotland-place,
RAWSON, Scotland-road, BARNETT, LOw-hill, PARRY,
Christian-street, MucKLow, Tithebarn-street, and PRICE,
Brownlow-hill, Chemists; Nixos, Castle-street, SUDLOW,
Church-street, and HAYNES, Edge-hill, Italian Warehouses,
Liverpool • and SMITH, Chemist, Woodside.
Orders for Exportation executed on the BEST TERMS.

THE AGRICULTURAL AND COMMERCIAL BANK
AND LOAN ASSOCIATION.
CAPITAL, £625,000.
DIRECTORS:
Sir WILLIAM YOUNG, Bart., Chairman.
Thomas Henry Bristow, Esq. Thomas Huxley, Esq.
James Cockell, Esq. James Jephson, Esq.
William Gunston, Esq. Lawrence Kortright. Esq.
With power to add to their number.
TRUSTEES:
Henry Luard, Esq., Austin-friars.
Curtis Reid, Esq., R.N., Savoy-wharf, Strand.
Edward M. Fitzgerald, Esq., Elmstead-lodge, Kent.
RESIDENT DIRECTOR AND ACTUARY :
G. K. Huxley, Esq.
SOLICITORS:
Messrs. Roy, Blunt, Duncan, and Johnston.
• BANKERS:
The London and Westminster Bank.
THE Directors in forming this Association, present it with
confidence to the public, and they can with truth say,
that every exertio will be used to render it a safe and bene-
ficial investment.Wiluch time and anxious labour must be
given to a concern of this description in order to work it
profitably, but however much the Directors may be occu-
pied, they will not receive any remuneration, until £5 per
cent. on the Capital paid up shall have been received by the
Shareholders.
The system of money lending for Commercial and Agri-
cultural purposes, pursued in London and in most parts of
England, consists in Banking accommodation, which is
eitharby Diamunt of Bills, or by advances of considerable
amount made on good convertible security, beyond the per-
sonal security of the borrower, and repayable at a fixed
period ; but this has been found insufficient to meet the wants
and resources of a numerous class.
The Scotch system of granting cash credits to a person,
upon his procuring sureties for the balance he may over-
draw, affords valuable accommodation, especially to the
smaller Tradesmen and Agriculturists ; but this system it has
been impossible to introduce extensively into London, from
the banks not having the power of issuing paper money, and
from their being restricted on cash credits from taking more
than five per cent. interest—a rate not sufficiently re-
munerating.
This state of things could not have been well altered, if
the Acts 4th Will. 4, c. 98, and 1 Vic. c. 80, had not passed,
enabling bills and notes not having more than twelve months
to run to be discounted at a higher rate of interest than five
per cent.
The passing of these Acts, hoverer, will now permit an
Association to beformed, such as the present is contemplated
to be; where each loan being moderate in amount, and re-
payable by instalments, and secured by the Promissory
Note of the borrower with two or more sureties, to be ap-
proved of only after full personal investigation into their
responsibility ha: been instituted; the Capital of the Society,
and monies taken up on debenture will be safely secured;
the shareholders will receive an ample interest ; pecuniary
accommodation, of amounts from £3O to £5OO, will be af-
forded to a vast body of borrowers, now unable to meet with
any but ruinous channels to supply their money wants; and
thus all classes be essentially benefitted.
The Company will apply its capital and assets in making
loans, as before stated, but seldom exceeding £5OO ; and, in
all cases, stipulating for the return of the amount lent by in-
stalments, as may be agreed on, and generally within six
months.
Each loan will be made on the promissory note of a bor-
rower, with two Or more sufficient sureties, REGARDING ALL
OF WHOM THE STRICTEST INQUIRIES WILL IN EACH CASE,
BEFORE MAKING ANY ADVANCE, BE INSTITUTED BY THE
DIRECTORS. And upon each loan being granted, interest
and commission will be deducted at such rate as may be
agreed on ; the mode of repayment being as above stated.
Each party applying for a loan will have to furnish answers
to certain printed questions, and to deposit a small sum to
cover the expense of making enquiries into responsibility.
These enquiries will always be anxiously and rigidly made,
in order to guarantee the Society against loss; and the sum
thus paid to meet this expense, will not in any case be re-
turned, as it forms an actual necessary outlay ; neither will
the Directors furnish any reasons for declining to comply
with applications made to them for loans. All the trans-
actions of the Company will be strictly confidential ;_ and as
the notes or securities taken will be lodged with Trustees,
and never negociated, all parties may become borrowers, and
also sureties, without the possibility of any publicity or ex-
posure, so lodg, as they keep their engagements.
The Society is prepared to make loans.—lt is also em-
powered to receive money on debentures, in sums of not less
than Five Pounds, bearing £5 per cent. interest, payable
half yearly on the Ist of March and Ist of September, at the
Society's offices. These debentures will be payable at the
expiration of six months' notice," in writing, to be given to
the Society at any time after two years from their date. or at
such other period as may be specially agreed on with the
Society : or the sums secured by the debentures may, on
giving three months' notice, be converted into the Capital
Stock of the Company.
The Company will take up monies on debentures or shares,
in such sums and at such times only when they can with con-
fidence lend them out immediately to responsible borrowers
and sureties; and thus the Directors will keep the Capital
and Assets of the Establishment always actively and profit-
ably employed, which is essential to success in the under-
taking.
The net profits of the Society will be divided amongst the
Shareholders, as follows :—£s per cent. per annum, payable
half yearly ; and the surplus profits will be divided annually,
such proportion of the same as the Directors think fit, not
exceeding one-third, being retained as a reserved fund.
The Society will be prepared to pay these net profits, either
in cash, or by granting adequate annuities, endowments, re-
versions, &c. &c.; and the application of the reserved fund
will be regulated by the Deed of Settlement.
To THE DUOSITORS IN SAVING BANKS, AN INVESTMENT
WITH THIS SOCIETY WILL BE PREFERABLE, AS YIELDING
TO THEM £5. PER CENT. PER ANNUM, AND THEIR MONEY
WILL BE EQUALLY SAFE.
In order to give the most perfect security to the debenture
holders, and also to the borrowers of money from the Society,
all the Promissory notes, or other securities in which the
Society shall invest its funds, will be placed in the custody
of the Trustees, until finally paid or discharged, and never
negociated, nor, re-discounted, nor in any way made public.
While this will be the duty of the Trustees, the duties of the
Directors will be confined to the laying out of the Capital
on good and sufficient securities.
The duty of the Resident Director will chiefly be to com-
municate confidentially with all parties requiring loans, while
that of the Manager will be to attend, under the Directors,
to the management of all the money affairs, books, and cor-
respondence of the Company.
The Auditors will also be inspectors of Loans ; they will
have the power to examine all Loans before being made, and
all the transactions, books and accounts of the Society, and
to advise with the Directors, so that the business of the So-
ciety may be conducted on the safest principles and without
loss.
The Books will be shut for a fortnight at Midsummer, and
a fortnight at Christmas, in order that they may be balanced,
and that the whole past transactions of the Company may be
examined.
The capital of the Company will be £625,000, divided into
four series of 12,500 shares each, in order that the paid up
Capital may be increased proportionately with the business
and success of the Society. The series of the shares will be
as follows :
First series.-12,500 shares at £5. each, all paid up.. £62,500
Second ~ 12,500 shares at £lO. each, do. . . 125,000
Third ~ 12,500 shares at £l5. each, do. . . 187,500
Fourth „ 12,500 shares at £2O. each, do. . . 250,000

£625,000

Each of these Shares to be paid up in full when issued, and
the holders of the first series to be entitled to the option of
taking the shares of the other three series as issued. It will
also be in the power of a General Meeting of the Sharehold-
ers further to increase the capital to such extent as they may
think proper.
Applications for shares (post paid) to be addressed to the
Directors of the Company,.at their temporary Offices, N 0.3,
Adam-street, Adelphi, London, and to Messrs. ROY, BLUNT,
DUIVCAN, and JOHNSTON, Solicitors, 42, Lothbury, City;
and 19, Great George-street, Westminster ; or to J. M.
HALsALL, Agent, 45, Lord-street, Liverpool.