The Express.
London, England, 1864-04-22 00:00:00

THE BANK OF LONDON.

The following important circular has been issued
to the shArehohlers in the Bank of Loudon. It
convenes a meeting to authorise an increase in the
capital of the bank by the sum of 2e.10,000/., to
be issued at 701. per share premium. The reserve
fund will thus he increased to 252,000/., and, with
the additions which in all probability will also be
made out of profits in June and December next (by
which period the new capital will begin to rank for
dividends), the total of the reserve fund will not
be far short of 300,0001. This is certainly a very
remarkable result for a bank established only
eight and a half years ago. The shareholders have
great reason to congratulate themselves upon the
foresight and prudent management of those whose
administration ban placed the bank in the front
rank of similar establishments in an unprecedent-
edly abort space of time :
Sir,-1 beg to hand you copy of a notice convening extra-
*Winer, pliers' meetings of the shareholders in this bank,
at the London Tavern, on Monday, May 9, motion Tuesday,
May 24, at twelve o'clock at soon precisely, for the purpose
of cousidering sad determining upon an increase in the
capital of the bank. The directors, after mature coosidera-
tion, have resolved no recommending that 2,000 new shares
be issued at the pries of 1201., or 701. premium per share,
sad that they be offered to those ohnrehollers whose name
appear upon the register on the 4th day of June next, in the
proportion of one share to every three shares of their rcepec.
tire holdings, or as sear thereto es to avoid fractional parts.
It is proposed that the amount be called up in manner fol-
lowing, viz. : 2111. on the 15th June, 1864, 201. on the 15th
July, 201. on the 15th August, being on account of premium;
201. on the 15th September, being 101. on account of pre-
mium and 1111. on account of new share ; 20/. on the 15th
Oct., 201. on the 15th Nov., being the balance of mew there.
The amount, viz., 140,0001., to be obtained by the premium
upon the new shares will be added to the reserve fund, which
will thereby be augmented to a sum which, under ordinary
circumstances, will not require to be increased to any eon.
siderable extent out of future profits. The directors feel
that in adoptiog this course it will be recognised that they
are adhering to the principles which have guided them from
the formation of the bank, and which have resulted in
Owing A in the highly-gratifying position it now occupies.
Interest will be allowed upon the several inatalrnenta from
the respective days of payment at the rate of 5 per cent.
per annum until the 31st December next, from which date
the holders of the new shares will be entitled to participate
is all dividends and bonuses which may thereafter be de-
' eared. If any instalment be not paid when due all claim
to the new share will be liable to forfeiture, and if the
amount be received after date it will be aubject to interest
at the rate of 10 per cent. per annum.—l am, he.,
C. J. IL ALLICW. Secretary.

Hoak of London, April 22.

LONDON, HAMBURG, AND coNrnwrrAL
EXCHANGE BANK.

An extraordinary meeting of this company was
held yesterday at the bank ermines in Lombard-street, for
the purpose of authorising the hums by the directors of the
remaining 5,000 shares of the meant capital of the corn.
paoy. The chair was occupied by Yr. DIANN J. HOJAHL

The CHAIRMAN did sot think it desirable cm that occasion
to enter into the affairs of the bank, and would only
therefore' that they were in a most satiefactoey 000dition.
They had experienced the on. great drawback which was
common to new banks arising from want of capital. As •
rule it was better to call up upon shares already Maned than
to make fresh issues, but in this came he did not think that
would be to the advantage of the shareholders. The dine.
tors had comequeetly made arrangements to Woe the
second 5,000 of their original capital, and now asked for
authority to take than comae. They had received appli-
catnips from way important places at home had abroad to
establish branches, and those applications came when the
shame of the company were at par or 2 disconet.
On this tees the board bad made certain ar-
tenements by which they could place the second
true at once. The greater part of the issue
would have the 131., which had been paid epee the pre-
sent shares, paid up at cam, and it was intended to issue
the remainder at 51. paid at once, and with a all of 51. in
three menthe and another 51. in six months, and then there
would be a all of 21. upon the other shares, making 151.
paid upon the whole. The directors bad been engaged in
some most important negotiations, some of which were °se-
cluded subject to the vote of that meeting, and some were
still pending, but were in a satisfactory state. The effect
of these negotiation. he wee not at present at liberty to
mention, because it might jeopardise what had gone before,
but he hoped to be able to place them before the abate-
holders in the course of a few days, and he was sure they
would be satisfied, as they would find a large increase in the
value of their property. lie booed this wooldcompeneate them
for the directors net being able, in consequence of carrying
out the negotiations, to divide the fresh irises of capital
amongst the original shareholders ; but one consequence of
these arrangement, would he believed be, that in a short
time the directors would have to call them together again to
ask for an increase of the capital to 2,000,0001., and then be
thought the directors would engage themselves to divide
the new shares pro rats amongst the shareholders upon the
register. ( Hear.) He coocluded by moving a resolution autho.
rising the directors to issue the remaining 5,000 shares of
the company's original capital in such manner ea they might
think expedient.
Mr. KING seconded the resolution, and expressed peat
confidence in the direction.

The motion was ananimousl carried. ands cordial vote of
thanks to the chairman and terminated the pro-
ceednip.

MEXICAN BANK.

Yesterday a special general meeting of the share-
holders in this bank was held at the London Tavern, to
consider the propriety of altering the name, title, and
designation of the beak, and to wake other alterations in
the articles of association ; Mr. Joiur PLTIZZOON In tie
chair.

The Cueran&N, in opening the proceedinp, explained
that the priecipal object for which the meeting was held
was to alter the 121111141 of the bank. They were all aware
that the bank had been amalgamated with the London
and South American Bank, and the resolution he
had now to propose was to the effect that the bank
should henoeforth be called the London Bank of Mexico
and South America. The title was a long one, but it bad
been considered advisable to retain the word Leedom, as it
would give influence to the tans abroad and make it more
highly thought of than if it were merely to be called the
Bank of Mexico and South America It would too show
that their headquarters were in London ; besides, the name
would not in any way conflict with that of any other corn.
may on the Stock Exchange. It might be satisfactory to the
shareholders to learn that all the arrangements of the bank
bad been completed in • way very satisfactory to the di-
rectors, who had been able to secure the memos' se manager
of a gentleman from the house of C. De Murriete, slid Co.,
from whom he brought the highest possible recommenda-
tions and, what was of very great importance indeed, carried
out from the principals of that firm letters of introduction to
the most influential people of Mexico, which could not fail
to be of great value to the hank, and ware
also • guarantee of its success; they had also sent
oat accountants of tried experience, and of well.
known character for ability. lie •ht mention of the
bank with which they bad amalgamated, that it was pecu-
liarly progressive, and the accounts last received were
the most satisfactory that had come home.

The motion haiing been seoanded,was unanimously
adopted.
A resoktion was then approved of, precluding the board
from trafficking in the shares of the company, and the
proceedings termiasted.

HORNIIIAIea TzA is choice and strong, moderate
to prim sad wholesome to use. These advantages hare wand
for this tea a genera preference. It Is sold In whit b 7 Y, SBO
ageati.—indyerClannent.)