The Express.
London, England, 1864-11-14 00:00:00

i'INCIAL RANKIN() CORPORATION
(LIMITED).-(THIS DAY.)

l general meeting of the shareholders
• t ocloet at the London Tavern, Mr. GOODSON

. report and balance-sheet were presented :
rracial Banking l'orporatn is now carrying on
.; !be followiog places —viz.: Norwich, Bungay,
ham lakenham, Great Yarmouth, Hales.
t Ki u Lyon, North Wa/sham,
..•:•ester, Chatham, Gravesend, and Abingdon.
breaches were established by the corporation;
,•vaster and Chatham were purchased of Masers.
and Stine (one of which firm, Mr. Day, has
.I.reetioo ), and the remainder of the East of Eng-
. .14 regards the Eaat of England Bank, the
..t• are aware that its affairs are in course
Its preaeut position is owing to tin-
. .•
foreign to banking, extending over a
ewe. but it has always possessed a large and
• • busioees, a great and valuable portion of
i:rwtort lave succeeded in securing on most
terms. The business of Messrs. Day,
.iud Stone. a firm established for upwards of 80
. v,-rc profit able character, and, although some
• bra, as is always the case in the
• a banking business, lost to the purchasers,
'_rectors are well satisfied with the pro-
- • branches at Rochester and Chatham.
.• n, f 31er .os. Day, Nicholson, and Stone was taken
and that of the East of England Bank 'mini-
.ti. of July I ,st, but substantially the transfer
was not complete until amend weeks
The ravesend and Abingdon branches
sufficiently long in operation to justify
rs in giving an opinion as to the amount
ere likely to meet with ultimately.
accounts which accompanies this report
c ashler may be regarded as highly satin-
. - i. a the norporatioo are doing a good business is
• late amount of deposits and credit current

together tis. lld. ; these figures
actually due to customers. Oa the
ti., nruornt of cash and moneys deposited
tNether Iss. Id., shows that the
.. 7 ~.e beet, extremely careful to husband their re-
the !at, gevere pressure in the money
• Die actual pi realised by the corporation since
hieent c..np..: ascertained until the books shall
1- at the end .1 the year. Looking, however, to the
• • ..lasatist.cp,re o o ue of the company's operations,
,tors bel.eee 1... e profit and loos account, to be
..tea at the or.l Ar, ~,e,ring in February, will be en-
.raginc. The ..ir. !using made many inquiries
to the ~f • call being made,
this opp .r: :ty•
stating that thee do
r tb:ok it to make a call until the
ement of t when it will probably be
:to ra..se ••:-•• f a no.der me amount. la coaclu-
, t t..• art t lime that has elapsed Bind) the
• the sod the success that has at.
;. the .h.e.;ters trust that the shareholders will
. .

that they 1... Yr ,ry reason to be satisfied with ita

- • vrcti..ct hrel future proopects.
-- Ur.: To amount due by the
: I Aton.er.. ent)rele on rurrent amounts sod de•

• ~,,,
.1

11..1. ; to liabilities of the

:43.: to liabilities to the
;A. '21.: to bills held for collection and

• :7er contra). ; to balance of die:
• l•dls, and sundry interests received, to this date
and conuossioo on current accounts, and on
.t or short itice with bankers and others,
be rbsrged till :llst December, the usual
for bah/to:Ina), 3,3.;3/.. tkL To capital
sb.res of Sol. each actually issued,
• ••• . upon which s'. per share has been called,
less deposi.a partially unpaid, 515/. = 92,0351. ;
raid in advsnce, 2,160!.; together, 94,1951.;
• utiv.illed on shares issued, and doe
; tot,!, 65'1,615/. 3e. Bd.
- s.b at braucliee and cheque', &c., in transitu,
51. ; by cob deposited no call, or at short
.• •. .n. `A.—together, 217,623/. 18e. 13. ; by
in consols as a security for a government
• 6s. Gi. ; by amounts due from customers
:_en on current account., and on bills of ex-
• 1
proniSsore notes discounted. 300.985/. 2..
• :add for freehold bank premises at Fakenham,
• ,rmouth, Ilarlestoo hinge Lynn, and Norwich,
-l. 4d premises at bead office. &c., also bank furni-
t • . -.mop, at bead office sod all the branches, 15,525/.
. to stamps on hand, 4621. ss. sd. ;to bills for col.
security on hand (per contra) 113,6701. 9a. ; to
and other expenses in establishing the bank and
and also salaries, rents, taxes, printing, &dyer-
::: r.,tionery, and all other current charges, incidental
::..coess, to this date, 10,392/. 3s. 4d. ; to payments
....cat of purchase of businesses, 29,000/. ; total,
.1. Bd."
.:AISMAN said the meeting was convened for the
rte:-.loose of satisfying the Cornn.ittee of the Stock In-
k, The directors had pledged themselves to propose
t...'stion of clause 121) of the Articles of A84'060400 by
the words, " Provided that no part of such funds
t. -.polled in perchuing shares of the oonmany." lle
• move the insertion of those words.

. —.
:- Z.OtIOD. having been seconded. was agreed to.
..I.4taray.ot then said that though the meeting had been
-. fOr I.Z.t purpose he bad mentioned, the board had desired
.-!ori oo toe- occasion information with regard to the
::on of thr c •wpaoy. There having been an extensive
,tvy enlis fv: some time, it was natural that informs-
it iuld be eapecteaL The shaiebolders now numbered
tzni be trusted th..t the report and accounts pre-
.- • old sat,rfy all that the present state of things was
...-t-r5.. The depowta were large, sod the reserves
t...... 0 hand .tta at c.ll would bear a favourable com-

w:th those oth.r j.tiot stock banks. (Haar, hoar.)
!c;.r in rrlestiocs,
- - -

, ,______,
~I iT ii <!: ,T D, chairman of the Bosom committee, said
i -.,. Lei in no inearice given its acceptance, nor would
~..: :. W. As regarded the security for sums due from
r...7.M. reprewcted by 300,0001., the back in some in-
• . ,::ared alv.dices to customers without security; but
• .es as tdcen to limit such advances by prudence,
~,,thic, beyond that MIA asked for security was al.
sanded.
No advance had been made to acv director
^.:•. I's firm. The directors held a large number of
•e..:,3 Done (,f them, be believed, bad sold any shares.
... •

•,•.I.roinarr expenses amounted to about 7,0001.
et WY about 2.000/. additional to be paid
turd:ise of the business, and • further pay
fio made to the shareholders of the East of
8..0k in the event of the deposit. of the new
t. -1 vcd,u4 within the first year • certain amount.
,nt Lad not yet been reached. A small number
been reserved to be disposed of among cos-
t,. the i tere.t of the beak ; 37,0110 share. were
: •. Tce business of the beak was not on. which
larzt c‘pit..l, the deposits being. as would be
tmt wee skeet, of large amount • but as it
• in.!, I. are a larger c.,pital • call would be made
tip- ensuing rear.
•,•'••• .f!e aftowtt.li rated to the directors for calling
4 • e..tl perild, and presenting such • satia.
t..7t ttaLan.ant, and the meeting then separated.