AND COUNTY BANK, Albert Gate Branch.

Solicitors.

MESSRS. TRINDERS & CURTIS-HAYWARD, 4, Bishopsgate Street
Within, E.C.

Offices.

EXHIBITION ROAD, SOUTH KENSINGTON.

PROSPECTUS.

The School was founded in 1872, under the Presidency of H.R.H. the
Princess Christian of Schleswig-Holstein, for the twofold purpose of
supplying suitable employment for Gentlewomen and restoring Ornamental
Needlework to the high place it once held among the decorative arts.

It was first established, under the title of School of Art-Needlework,
in Sloane Street; but in 1875 was removed to the present premises in
the Exhibition Road, and Her Majesty the Queen was graciously pleased
to grant to it the prefix of "Royal."

The Royal School of Art-Needlework exhibited at the Centennial
Exhibition of Philadelphia, 1876, and received a Certificate of
Award--medals not being granted to institutions or corporate bodies. A
Silver Medal was also granted by the Jurors of the International
Exhibition, Paris, 1878, for embroideries exhibited there.

The result of seven years' experience of the working of the School has
shown that the objects for which it was formed are appreciated by the
public, and has justified its establishment on a permanent basis. This
has accordingly been effected under a special licence from the Board
of Trade, granted under authority of an Act of Parliament which
authorizes the incorporation of associations _not_ constituted for
purposes of profit.

The ultimate profits of the Association, after payment of all
Debentures, are to be applied to such charitable or other purposes as
the Association may from time to time determine, not being
inconsistent with the provisions of the Memorandum of Association,
which require that the Shareholders shall not take any personal profit
out of the Association.

The government of the School is vested in:

First.--A President, Vice-President, and General
Council.

Second.--A Managing Committee to be selected from the
General Council, except as to Honorary Members to be
nominated by the Managing Committee.

Third.--A Finance Committee, of whom a majority are to
be elected by the Shareholders, and the remainder
nominated by the Managing Committee. The sanction of
this Committee is required for all expenditure.

Agencies have now been opened in Liverpool, Manchester, Leeds,
Norwich, Birmingham and Glasgow; and a member of the sta