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APPENDIX. No. I. AUSTRALIAN TRUST COMPANY. INCORPORATED by royal charter. Capital £1,000,000, in 10,000 shares of £100 each, 'with power increase the capital to £2,000,000. Directors : James Evan Baillie, Esq. Henry Bainbridge, Esq. Hastings Elwin, Esq. Benjamin Greene, Esq. William Hart, Esq. Langford Lovell Hodge, Esq. Robert How, Esq. Thomas Icely, Esq. John Innes, Esq. Francis Mowatt, Esq. Charles John Pearse, Esq. John Abel Smith, Esq., M.P. f Abel Lewis Gower, Esq. Auditors 1 Sir Edward Parry, R.N. ^Nassau William Senior, Esq. Bankers—Messrs. Smith, Payne, and Smiths. Solicitors—Messrs. Freshfield and Sons. The company has been formed to carry out in Australia a prin ciple which has been acted on with great success in the United States of America—namely, that of taking up money in this coun try, at a moderate rate of interest, on the credit of a large invested capital, and laying it out on undoubted freehold security, at a higher rate. In the United States of America, the interest on mortgages on land is 7 per cent.; by borrowing at or under 5 per cent., and lending at 7 per cent., one of the Trust Companies in the United