The Express.
London, England, 1864-08-22 00:00:00

BAPS OF AUSTRALASIA.- (THIS DAY.)

The half-yearly meeting was held tbis afternoon
n the beak, !go. 4, Threadneedle-strat ; Mr. H. Wurrn in
tv chair.

The directors in their report stated that the P
e the kook during the half.year to 11th, April !a=
Only and satufactory. Favourable aeoounts had beee
ft:emed from the three branches recently opened
New Zealand. The war in the northern
Sand hu rendered circumspection necessary at
..:eland, but at this branch, as well as at Dunedin
vi Christchurch. the bark was gradually acquiring a
mccetioo, and the directors believed that the been
vas beiug laid of a remunerative bonuses. The easy
tee feature to which the directors bad to all
hs attention of the proprietors, was the determinatioe
ter had come to of receiving deposits is Lutdoe at
F.tereat for fixed periods, as annennced by their circular
:ever of the 29th of June. This measure had been adopted
• mature onnridemtioo, the object being to employ the
csiey so raised in the general operations of the bank in
:Le Australian colo .ies, and the directors °pendently
wetted that it would become a useful auxiliary to the
t...ituen. The fourth sod lags instalment of 101. per share
the sew "tea would be payable on the lit November
This wield complete the paid-up units] of the
:stic to 1,:510,000/., the amount limited by the charter,
the directors remind the proprietors that this secession
ultof. to the capital bad beets effected on very 'Oran.
term. to the holders of old shame, the sew shares
,hrog bees distributed at par. In conclusion, the directors
41 ',teed their intestine of declaring the same dividend
ad loons on the old shares as at April last, being together
12% par Aare, or at the rate of 14 per cent.
iirr annum. payable on the 11th October nett, foie of in-
rre tat. The first ionalasent of 101. paid on the new
,Inlitlatieg to 75,00 W., would than also participate
st_the same rate, inanely Ins. per share.
titan:saw, in moving the adoption of the report,
•ryel that be hail little of importance to eneirimunate
b•-• •td what was stated is the document itself. The progress
of tie hank had been steady and satisfactory. It bed
et •ied a very fair glare of the business of the
e' in ; and the accounts from New Zealand
• satisfactory, though matters had not bees
F.' eisntly developed to enable him to say numb
• .sir operations in that part of the world. T'hsy maid
re.,d.i!. trail themselves of any deposits that might be made
-.them, and though a great amount had not yet been re-
ce • A, they hoped that they would soon have a much farm
7,-. from than source, and that they would be able to employ
ditable terms.
Mr. IV. Roney was satisfied with the reasons which had
atsijned for receiving deposits, bet he wished to know
Period it was proposed to take them
CiIAIRVAN said that the shorteat period for which
•,' ; rouoiel to take money was twelve months. A notice
s,-lire months would also be required, but that notice
be Riven when the deposit was made.
"moor thought that a shorter notice might pen-
"."5.1,4 taken.
Sir. Jon.. considered that six swathe after the first year
a,...;:dbetufficient.
The ('it tlitllAN said that the period of notice bad bees
imidered. and the hosed were of rioinioo that lens
months would not be sufficient. The moseys raised
it the b..iik were proposed to be applied in purely rocut"-
trausctione—in fut they were forbidden by their
charter to invest money in mortgages.
After some further discussioe, the motion was agreed to
oil it war unsound that the divided warrants would be
tn.', on the 11th of October.
A v",. of thanks to the chairman and directors concluded
tt.t busmen.