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POST-OFFICE DIRECTORY ADVERTISER.
C|^e Satti^l^ ^m^riran P^nrtgage Cnmpang,
LIMITED.
ffncorporateK utCOet ti)t Compamesf ^cti, 1862 anti 1867.
AUTHORIZED CAPITAL, £1,000,000, in 100,000 Shares of £10 each.
SUBSOEIBED CAPITAL, £750,000. UNCALLED CAPITAL, £600,000.
PAID-UP CAPITAL, £150,000. EESEBVE PUND, £75,000.
DIRECTORS.
John Gutheie Smith, Esq., Sheriff of Aber-
deen and Kincardine, 10 Abercromby
Place, Edinburgh.
Thomas J. Gordon, Esq., W.S., 3 Queen
Street, Edinburgh.
William Lowson, Esq. of Balthayock, Mer-
chant, Dundee.
Henry B. Fergusson, Esq., Merchant,
Dundee.
Alex. Thomson, Esq., of Mitchell Thomson
& Co., Merchants, 12 Queen Street,
Edinburgh.
James Duncan Smith, Esq., S.S.C., Edin-
burgh.
Henry I. Sheldon, Esq., Solicitor, Chicago.
ADVISING BOARD IN AMERICA.
B. W. Raymond, Esq., Ex-President, Elgin Watch Company, Chicago.
J. H.. Hollister, Esq., President, Chicago Medical College, Chicago.
James H. Rees, Esq., Land Valuator, Chicago.
Managing Director in Scotland — James Duncan Smith.
Managing Director in ^menca— Henry I. Sheldon.
General Agent in America — Daniel H. Hale, Bryant Building, Randolph Street, Chicago.
Auditor — James Howden, C.A., Edinburgh.
Bankers — Royal Bank of Scotland ; Union Bank of Scotland ;
British Linen Co. Bank.
COMPANY'S OFFICES— 62 FREDERICK STREET, EDINBURGH.
The Company is issuing Debentures for periods of from Three to Seven Years,
bearing Interest at 5 per cent.
The Interest is made payable half-yearly, at Whitsunday and Martinmas, at
the Offices of the Company or its Bankers.
The Funds of the Company are invested as a first charge on Heritable Property
in the United States of America. Loans are limited in amount to half the value
of the security therefor.
The Reserve Fund is invested in first-class Home Securities.
Debenture-holders have the security (1) of the whole Investments and Assets
of the Company, and (2) of the Uncalled Subscribed Capital of the Company,
amounting to £600,000, which is held by a numerous and substantial proprietary,
resident almost exclusively in Scotland.
The Borrowing Powers of the Company are limited to the Uncalled Subscribed
Capital.
The Debentures are issued free of expense, and are assignable by a short
Form of Assignation.
J. DUNCAN SMITH, Managing Director.

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