The Express.
London, England, 1849-05-24 00:00:00

NATIONAL BANK OF IRELAND.

Yesterday, the at noel general meeting of this
ear ps.sy took plus, • at th. Bank, Jo Old Broad-street, City.
T. L. MURRAY, Bag , having taken the chef-,
Mr. KING, the seeritary, read the following report
" The directors bath the satisfaction of placing before the
proprietor the usual stateauts of account for the put year.
In so doing, they deem it useful to direct attention M a few
of the leading arcurestances which have intimated the pro-
of the establishment daring that period, and which
have Mika d the directors to exercise extreme minim in the
eurplejniont of the resources of the bank. The crops were,
for the most part under the usual average ; the power a
were amain seriously affected, while the prices of produse,
including those of cattle and ether live stock, bad fallen
below those realised in years of mach greeter abundances.
The pecuniary pressure caused by these c restatementse on all
clung has been one of unusual severity. Contemporary
with this state of things u regards the agricultural resources
of Ireland, commerce and credit have been seriously effected
owing to the disturbances and consequent excitement which
!prevailed during a part of lut year. unsettling public con-
fidence, and interfericg injuriously with the usual operations
of trade. Under these diffiettl ire and disadvantages, it is
not to be expected that large profits could be realised from
prudent basking operations. The directors are, however,
gratified in being enabled to state that, after paying the
usual half-yearly dividends, amounting to 22,5001., and
writing off ell ascertained bad debts, there will remain a sur-
plus of 3,9901. 1241. 10i to he carried to the credit of the profit
and thee account for the year 1949, viz :

The undivided profits at Danaher, 1847,
MN _ _ . £61,105 4 4

Nett:rats fise dui law swift Desember,
1

87,595 17 2

Deduct lialtyaar's dividend to
Midsummer, 1849 £11,250 0 0
Ditto to Christina', 1848 11,250 0 0
Bonus of 10•. per share on
20,000 shame
Amount paid T. Laurie Mur-
ray, Ent according to the
manila/ et the deed of net-
dement l,OOO 0 0
Salaam of profit and lois
earri.d to that amount for
1849

3,990 12 10
37,490 12 10

Leaving amount of unelvided profits to the
credit of &serve Find, at December,
1848 t:80,105 4 4

" Since the last annual general meeting, the Court of Di-
rectors have appointed Anthony O'Flaherty, E q., M P., as
a director, to fill a vacancy in the direction occasioned by the
retirement of Charles Bianeoui, Esq., and which appoint-
meat will require the confirmation of this meeting. Since
the last annual general meeting, a vacancy has occurrt d in
the direction by ibe retrentent of F. C. Brown, Esq.,
who, bad he continued in office to the present time, would
have gone out of office by rotation at the meeting ; the
vacancy thus occasioned it hasnot been deemed expedient to
fill up. There are now to be el..cted four directors, vie , one
director in the room of F. C. Brown, Esq., and three direc-
tors in the room of John Joseph Keene, Esq., Christopher
Fitssimor, Evq , and Col. the Hon. Leicester Stanhope, who
retire by rotation, all of whom are candidates for the office,
at.d eligible to be re-eleettd. Rowand Ronald, Esq. having
signified his int stion of becoming a candidate for the ((lice
of director, his name is submitted to you aceerdingly.—Ap-
proved by the court (signed), F. B. HINSHAW, chairman."
The Rev. Mr. MADGE asked a question in relation to the
NWT,. fund.
The CHAIRMAN replied that the 3,9001. of surplus pro-
fits would be caned to this year's profit and loss account, so
that the reserve rued would remain the same as last year.
Some other nu...bons having been replied to,
The CHAIRMAN moved that the report be adopted,
printed, and ci culftted amongst the proprietors. (Applause )
A PROPRIETOR seconded the mo'ion, which was
passed unanimously.
The directors wive* names are mentioned in the report
were then el. elect unanimously.
Sir B. MACNAMARA moved a vote of thanks to the
chairman and directors.
Dr. MAGEE seconded it.
The resolution was passed unanimously.
A vote of thanks was also paned to the secretary and
agreed to unanimously.