The Express.
London, England, 1862-09-10 00:00:00

OTTOMAN BANK.-(THIS DAY.)

An extraordinary general meeting of the share-
holders was held at one o'clrok, at the London Tavern, W-
W. CLAT, M.P., is the chair.
The report of the directors said :
"The directors beg to submit to the shareholders the ac-
rounta of the hank for the half-year ending the 30th June,
1862, duly examined and certified to by the auditors. After
making the newest/ deductions fur expenses of manage-
ment, and provision for bad and doubtful debts, these
ancounts show a net profit of 79,4561. 12s. 8(1.,
to which has to be added the sum of 9311. 17e. sd. earned
forward on the 31st December, 1861, making is total of
80,3a71. 10s. Id. to be dealt with on the present occiaion.
The directors recommend that • sum of 15,0004 be added
to the reserve fund, bringing it up to 93,02. Y. ; and that a
dividend b 3 declared at the rate of 10 per cent.
per &norm, free of income ha, on the original capital of the
company. They fug thee. re Commend that • bonus of 5 per
cent. on that capitol be paid to the proprietors, like-
Cie free of income tax, leaving a balance of
12,4071. 18s. 4d. to be cei.-ied forward. The anticipa-
tions of the directors, as to the favourable result
of the esf-iblbihment of • branch at Bucharest, have been
fulfilled, that branch having during the past half-year
realised • satisfactory profit. The exceptionally large
amount of profit in the past half-year has arisen, as the
proprietors must of course be aware, from the commission
on the loan negotiated on behalf of the Mattis!' government
by the hank, in (injunction with Messrs. C. Devaux and Co.;
but the profits of the bank, from its regular and amegtonxd
operations, have not been at • lower rate than in former
years." . _

The statement of liabilities and sancta, and the profit and
love account, were appended to the report.
The CHAIRMAN, ill 1130%;iig the adoption of the report and
auounts, commeoced by adverting to the new Turkish Loan,
for which the bank negotiated in conjunction with Messrs.
Decaux and Co. Statements bad been made tending t 3 diminish
confidence in the goof faith of the Turkish government. In
the doubts expressed the directors did not participate,
neither had they seen reason to alter the favourable opinion
which they had formed with regard to the loan. (Chi. era.)
The loan was advantageous alike to the harrower and the
lender. It enabled the former to effect an advantageous
operation with respect to its securities; and it enabled
British subjects to invest a portion of their spare capital at
a good rate of interest. (Hear.) As respected the rate of
intereat, that must of coarse depend on public opinion ; but it
happened that they Lad fuller information with res to
the financial condition of Turkey than they in re-
lation to almost any ether country ; he referred to the
report of Lord Habra and Mr. Foster. (Hear, hear.)
No doubt there had been great abuses in Turkish
finances ; but there was au earnest and real desire
on the part of the government to remove all such evils.
(Hear, hear.) An illustration of this Lad been recently
afforded by a practical refuim in the mode of collecting of
the revenue. The present Sultan had manifested
intelligence enough to perceive the interests of his
people, and energy enough to promote them; and looking
at the vast extent, the fertility and the boundless resources
of the Turkish empire, it would be unreasouable to take a
despooding view of its future. The very resolution to
improve the currency was creditable to Turkey. As far as
they knew, the puipolie for which the lean was raised
was being honestly carried into effect. There were great
d'tictlties to be encountered, hut the conversion of the
clime., for which the loan was need, was proceeding, and
their could be no doubt that it would be accomplished.
(Cheer...) The comadadoners for the application of the loan
had, he less happy to say. been already appointed. As
regarded the general business of the bank, be observed that
the branches at Smyrna and Galata continued to prosper.
Thee had lived down their enemies, and every-
thing was proceeding satisfactorily. (Cheers.) By
the prompt response to the call for more capital
the shareholders hail placed the hank in a position of great
financial power, and Le believed they were justified in anti-
cipeting increased prosperity. (Cheers.)
Mr. L. M. RATE, a director, seconded the motion.
After a short dimmed°. the report was adopted, and •
dividend at the rate of 10 par met. per annum declared.

MACNIFICENT PlKE.—Early on Saturday morn-
ing last, one of the Cockermouth angler commenced fish-
ing in the splendid laic of Baamouthwaite, for pike. The
morning weed, end his toils were'only rewarded with the cep-
tore of two smallifish weighiog 31135. each. About noon, how-
ever. his tackle was attacked with a rigour which told that
the enemy was in force, the boat in which the angler
was seated being actually drawn through the water with
the prey. Finding there would he no chance of landing
his price io the boat the fisherman rowed into shallow
water and drove the fish ashore. It proved to be a noble
Pike 29lbs. weight, the heaviest taken this season, sod we
need not say that the captor was immensely proud of his
nieces*, and was duly congratulated by his kind hostess
Mr.. Rodent), and the "good ampoule" at the Pheasant
Jon, Piet Wyke.— Canderland Pacquet.
VISIT OP Met. LAING TO MA SCHMTER.—The
presentation of the address, lately agreed upon by the Man-
chester Chamber of Commerce, to Mr. the finance
minister of India, will take place on Thursday, the 18th
'want, in the Mayor's parlour, at the Manchester Town-
krill. The Mayor will take the chair on the occasion. The
state of Mr. laing's health will prevent his acceding to the
Proposal made to him that the presentation should take
Place at a public dinner.