The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-05-20 00:00:00

JOINT STOCK BANKING COMI'AN Y.
PROPOSED TO BE FORMED BY MESSRS. ASPINALL AND SON,
AND ENTITLED "THE CENTRAL BANK OF LIVERPOOL,"
WITH A CAPITAL OF £150,000, IN 15,000 SHARES OF £lO
EACH SUBSCRIBER.
Paid up Capital, £50,000, being £5 per Share on 10,000
THAT the Company shall be considered as fo
3,000 Shares are subscribed for, andi
ment executed.
That as soon as the required number cares have been
subscribed for, a meeting of the Sharehold shall be held to
elect a Board of Directors, to consist of seven Shareholders
possessing not less than. 50 Shares each. •
That only one Partner in a firm he a Director at the same
time, and any Director ceasing to hold the requisite number
of Shares, or becoming a Banker, Director, or Partner in. or
Agent for, another Banking Company, shall be disqualiffed
from office.

.a.ares.
hed when
of Settle-

That at all General Meetings of the Shareholders, a Share-
holder of 10 Shares shall have one vote, 25 Shares three votes,
50 Shares six votes, and for every additional ten Shares one
vote. Shareholders to vote either in person, or by proxy in
writing, given to any Shareholder whom they may depute; no
person to hold more than three proxies at one time.
Tbat the sum of 2s. 6d. per Share be paid as soon as the
allotment is made, to defray expenses, and any excess to go to
the funds of the Company.
That a payment of El per Share be made within one week
after the Directors are chosen.

That one months' notice shall be given of any future. Calls,
which shall not exceed during the first'year, four in number,
nor a greater sum each time than per Share.
That at the expiration of 12 months after the commencement
of business, a General Meeting of the Shareholders shall be
called, when the accounts of the year shall be exhibited, and a
dividend declared. • .

That the remaining shares shall beheld by the Company and
disposed of for its benefit, to such persons as may be wishful
to open accounOtwith the Bank.

Three of th6.'.Di,rectors shall, at the end of each year, go out
of office, and fliCitame number chosen, the retiring Directorts
to he eligible Lobe re-elected.

The affairs of the Bank to be under the control of the Di-
rectors, three of whom shall be a quorum.
The Mauaaer to be Mr. Aspinall, and his son Sub-manager
and Cashier, both at Salaries to be fixed by the Directors.
The Accountant and other Clerks or Officers to be appointed
by the Directors.

Should it appear at any time that one-third of the paid up
Capital be lost, the Company shall be thereby dissolved.
The Deed of Settlement will be prepared and contain the
necessary provisions for the security of the Shareholders, and
etTectuarmanagement of the Company.
That the Directors, and all Officers and Clerks of the Com-
pany sign a pledge of secrecy as to all transactions of the Com-
pany, with their Customers, and the state of accounts with in-
dividuals.

That the Directors have power to grant to any Shareholder,
a Cash Credit to the extent of Iwo-thirds of his pdid up Stock.
That the business of the Bank shall commence as soo❑ its
the Instalment of one pound per Share shall have been paid.
All applications front the country to be post paid.
Applications for Shares to be made, under seal, directed to
the Provisional Committee, at the office of Mr. RICHARD FIN-
Low, Solicitor, Clarendon-buildings ; or Mr. J. BACH, Share-
broker, Clarendon-buildings.
2d May, 183 G.

LIVERPOOL AND MANCHES7'ER FOREIGN
BANKING COMPANY.
SUBSCRIBED CAPITAL, £2.000,000, fil 4.0,0(X) SHARES OF
£5O EACH.
TO he under the manageinent of a Chairman and eight Di-
rectors, with power to increase their number to twelve at
the first general Meeting of Subscribers, then to retire annually,
but he eligible for re-election. •
The head Bank to be in Liverpool, a , if necessary,
Branches in Manchester, Glasgow, and L ds, such Branch
Establishments to be under the superi ndence of a local
board of Directors.
Agencies to be established in every Foreign Market the
trade of which being of sufficient importance to justify such
connexion.

The Shares to be divided in the following proportions, viz.:--
Liverpool District, 5,000 Shares ; Manchester District, 5,000
Shares ; Glasgow and Edinburgh, 5,000 Shares ; Yorkshire,
5,000 Shares; provided, however, it may appear to the Pro-
visional Management that a more extended distribution will ad-
vance the interests of the Establishment, they will be empow-
ered to alter or increase the proportion laid down above, so es
to embrace such towns as may be interested in the general ob-
jects of the Company. The remaining Shares to be offered to
the different Foreign Agencies, in such proportion as the Di-
rection may think most advisable.

Should an increase of Capital be required to meet the wishes
of the different Home or Foreign Stations, a creation of new
Shares to take place, and such Premium charged as the state
and prospects of the Company at the time shall warrant, the
direction in fixing the same being carried to the credit of the
Bank.

Each person on becoming a Shareholder shall pay 2s. 6d. per
Share to the credit of the Provisional Committee, for the pur-
pose of defraying the Expences incidental to the formation of
the Company.
A first call of £2 10s. per Share to be paid into the Royal
Bank of Liverpool so soon as the Directors shall decide upon
giving twenty-one day's notice.
Future calls not to exceed £2 10s. per Share, and at such
time as the Direction shall decide upon, giving one mouth's
notice.

'l he establishment of this Company will confer great benefits
upon the community by giving solidity and a boniz fide charactey
to the money transactions of our foreign commerce. The faci-
lities which it will afford to Merchants and Shippers and the en-
couragement which it will in all cases give to real operations,.
will tend to promote a steady and well regulated interchange of
commodities with the different markets in which we trade,
whilst the just controul which it will be enabled to exercise over
the fluctuations of money will effectually check those operations
upon the course of exchange which are so injurious to the re-
gular trader, producing at the same time a degree of certainty
in the result of mercantile speculations to which our present
imperfect system of money communication is an effectual bar.
The evils which have resulted from the unnatural combina-
tion of the two distinct professions, that of the merchant and the
banker, have been felt, and by this Company will be obviated.
Confining its attention exclusively to banking operations, it
is presumed that its assistance will be the more readily em-
braced, and its local situation, in the heart of the great produc-
ing districts of the country, will establish it at once as the most
direct and least expensive medium of exchange and disemint
for our large and increasing foreign commerce.
To assist in carrying into effect these valuable objects a Lon-
don banker will be appointed, with whom bills on the Company
may be made payable, and foreign paper exchanged through
the central money market of the kingdom, free of extra com-
mission.

Previous to laying this Prospectus Lefore the Public, the
Provisional Committee have addressed circulars to most of the
leading Merchants and Manufacturers in the Counties to which
the Bank is proposed to extend, stating more at large their
views, and claiming for the .establishment that support which
its merits deserve, at the same time requesting any suggestion
or information necessary to render it as little liable to objection
as possible. In this course they are happy to' say that their
views have been fully met.
• Applications for Shares may be made to (if by letter, post-
paid) Messrs. MILLER and Prik.r., Solicitors, Barrington-
street; to Messrs. THOMAS MAIN and Co., Agents, 30, Ex-
change-alley North, Liverpool • or to Mr. JA.:aus GOMM BAKER,
'23, Essex-street, King-street; Manchester.,,

FORM OF APPLICATION

To the Committee of Management .of the Liverpool and Man-
chester Foreign Bankint, Company.
:.Gentlemen,--I request you will allot me --Shares in
the ,Company, and which. I engage to take on the conditions
palished in the.Piospectns.
UM,
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ElsiAlence
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