The Express.
London, England, 1864-01-19 00:00:00

THE EXPRESS, TUESDAY EVENING, JANUARY 19, 1884.

LIFEBOAT SERVICES.

BANK.—( THIS DAT.)
,!ialf-yearly meeting of the proprietors was 1, SUNDERLAND, somas NIGHT.
„we, at the Loudon Tavern ; Mr. Perm Bann in A few days ago (reports Captain Heard, R.N.)
the Whitburn boat of the National Lifeboat Institution
rage and balance-sheet were Presented was instrumental in oaring seven men from the steam tug
directon have now to inform the proprietors that Rob Roy, of Sunderland, bound from that port to the river
2,000 shares of the authorised capital of the Tyne. There were four of the crew of the steamer and
isle been allotted, upon the tea. and conditions three men belonging to • schoouer which they were going to
in their last report, that the premium upon this tow round to Sunderland. At 3 a.m. a light was seen at
"'; •,s ',wen received in full, and that the sum of 17,820/. me from Whitburo, and shouting. were heard from the men
been received on account of inetehnente. on the tug. The alarm was given, when the lifeboat was
,:Juuts of "Liabilities and Assts" and " Profit instantly manned and launched and went off to their relief.
" annexed to this report show that, after It was half flood, and there was a heavy sea on, and the
the whole of the current expenses, amounting to morning no my dark and foggy. The as bad maw the
Hs. 3d. (including an ample provision for bad and tug's boat away, and had the men not been so speedily
debts, and the usual half-yearly sum of 5001. rescued they would all have perished, as it was a riming tide
utf the building account) ; allowing for rebate en and there was a bole in the bottom of the vessel, which not
„ounted not Tat due, 8,5631.17 x. sd„ ; and transfer- eery long afterwards became a total wreck. It was found
the "sem° fund 50°°1" the directors are "ablia that she had struck on the "Steel" Rocks off Whitbura.
,re the usual dividend of 6!. per mat., and
of 11. 10e. per share, both free of income
• „,•re two payments being together equal to 12/. per ,
er annum), and to carry forward to profit and lees j
aunt the sum of 9,3801.19` Bd. By the addition of
ementioned 50,0001. to the reserved fund, that
.w amounts to 130,0004, and the directors
opinion that the time has now arrived
thee may take into consideration the expo-
allowing it to accumulate at compound interest.
.colors have to express their regret at the decease
: much esteemed colleague, Mr. William Gardner,
inform the shareholders that the vacancy thus owe-
.t the board has been filled by the election of Mr.
.mipbell (of the firm of Messrs. John Campbell and
..tiject to the confirmation of the present meeting.
vidend and bonus will be payable on and after Tue.-
-,,e '..'dth inst.
:Unities and Assets, Friday, 31st December, 1863.
io capital paid up, viz., 501. per share on 8,000 shares,
; to amount of reserved fund, 80,000/. ; to amount

... .. the bank on current and depoeltancounie, bills pay- I
~litters of credit, &e.., 3,525.9751. 9e. 9d. ; to amount
..
,•!,e,l on account of new shares, 17,8.201.; to premium
. ‘Ed on 2,000 new abuse, at 251. per share, 50,0001. ; to
• : and loss, for the balsam of that account, viz.. surplus
• -brought forward from last half-year. 3501. 154. 7d. ;
added, 56,4124 12s. 9d. ; together, 56,7631. 84. 4d.—
...;.130,5551. its. lei. Cr.: By Exchequer Rills, g 0..•
..• ant securities, and Fiat India Debentures, 294,099/.
.. :1. ; by other debentures, 10,2431. 15s. ; together,
; . • "..L. 21 ; by other securities, includiog Ws dia-
. -,.1 sod loans, 3,968,8171. Os. ld.; by bank premises in
i -..iceedle-street and Old Bondetreet, furniture, 6.-
1.... ace.. 30.4441. 15e.;by cash in hand at Beak of England
~.,, A call, 326,9131. 194. 10d.—told, 4,130,658/. 18e. Id.
.rofit and Loss Account.— Dr. : To current expenses,
...i.gg salaries, rent, stationery, directors' remuneration. '
• . rtioo of building expenses, allowance for bad and
.:,11 debts, income tax, &a., 14,828/. U.. 3d. ; to
- :r.t carried to profit and loss, new account, being rebate
I•
.'2.1 discounted, not yet dm, 8,553/. 17e. sd. ; to
,At transferred to reserved fond, io addition to the
..,'. already at the credit of that account, 50,0001. ; to
I::,
.1.3 a account for the payment of a dividend, at
me of 6/. per mut, per annum upon 409,0001.,

---:•it of paid-tip capital upon 8,000 eliiiee, 12,000/. i
~,tis of 11. 104. per share on 8,000 shares, 12,000/. ;
Airided profit transferred to profit and lost new ac-
-;. 9,30/. 19a. Bd. ; total, 106,763/. Ba. 4d. Cr.: By
:at., brought down, viz.:—Surplus brought forward
, -.. lut half-year, 350/. 13a. Id. ; since added, 56,412/.
;. il. ; together, 56.763/. Bs. 4d. ; by premium on 2,000
P. ilexes, at 25/. per share, as above, 50,000/. ; total,
it...7,,V. Bs. 4d."
::e CHAIRMAN in moving the adoption of the report and
vc :ate, observed that the earnings of the last half year
s,:. ioosiderably in excess of those of any previous half-
, te. sithough high rates of interest had only recently
cone iota operation. The expenses unavoidably exhibited
so-,,,. increase ; and the board had also presented to the
p.:,;er. Mr. White, the sum of 2,0004 as an acknowledg.
0.,: of his valuable services. (Chien.) The earnings of
IL- 'auk during the last half.year, were at the rate of no
),.. than 17 par cent. per annum; and the accounts
ak :utter were moat encouraging as regarded the pros-'
I.:, of the concern. (Hem, bear.)
:_ reply to a question,
' T, co AIRMAN said the amount at which the buildings
e ~ r4loed in the company's books, namely ;0,000/.,was, he
1, , •?ved. considerably under their actual value. The City
1,:: ;remise.; alone had been estimated at 30,0001. The
lc— of the City• Bank had 80 years to run, and that of the
I:rd-street branch 30.
as report was adopted unanimously, and a dividend at
V.- rite of 12 per cent. per annum having beet declared, the
.i. vt•itags terminated with votes of thanks to the directors,
In..ltinsger, and the other Mfioers of the bank.