The Express.
London, England, 1865-01-09 00:00:00

AXPAESS, 111014 D

roN SANK OAP ,

ivsn

.-(Yill8 DAY.)

The half-yearly meeting of the shareholders WAS
held at 1 o'clock at the alms, 38, Old Brosel-street, Mr.
Ram O.xr is the chair.
The 8101INTAIIT read the following supplementary report :
" The amounts which it is the duty of the directors to
preset at this supplementary meeting are so satisfactory • 1
as pot to require any leogthened remarks from them ;as I
usual their preparation has been molded by a dose Mead. I
pawl of the busier= of the bank at its various branches, and ,
careful provision for everything that could be estimated as
doubtful to latest dates. The nada are considered by the
directors to be very favourable, and they are gratified to
report accordingly. The proprietors will notice the profit
obtained by the disposal of unallotted shams, and the corn-
plaice of the funds that were formed when the new ca.
pita was created ; also that the remaining 50,0004 of la.
penal Four per Cent. Debentures has been obtained .1
and applied to the reserve fund in terms of the propriston'
resolution of the 12th of July, 1858. The directors have
been deprived during the half-year of the co-operation of
two of their old and esteemed colleagues by the resignation •
of Charles Edward Mangles, Esq., and the death of
Thomas Young, Eq. ; these vacancies have been provi.
'Mealy filled by the nomination of Charles Henry Mills,
Fats., and Sir Henry Watson Parker ; the former a member
of the firm of Messrs. Glyn, Mills, Currie. and Co., and
the latter long and influentially connected with the
colony of New South Wales, and with banking In Sydney.
Both gentlemen, io moordaece with the terms of the deed of
settlement, now retire and offer themselves for election.
The profits of the half-year, se shown by the subjoined
statement of accounts, have enabled the directors to declare
a dividend of 21. ss. per share, after which there remains a
balance of 1,3301. 9s. 7d. to carry forward. The dividend
will be payable in Loudon on the 17th lost., free of income
lax, and in the colonies as soon as the inspector shall fix
slier receipt of advioesi."
The following balance-sheet was aso presented :
"Liabilitiss.-Circulation, 492,0901. ; deposits, 2,631,3796
611. ; bills payable and other liabilities (inelud-
Mg reserves held against doubtful debts), 845,9404
13s. 2& ; balance of undivided profit, 118,1281.
12s. 3d. ; reserve fund, 250,0001. ; insurance reserve
amount, 75,0004 ; bank premises reserve account,
75,0001. pita ; cal, 1,250,0004-total, 5,737,5391. le. 11d.
Aside : Specie on head, and malt balance', 807,9771. 14s. ;
bullion, 34.23 W. 3s. 6d. ; bank premises and property.
112,2821. b. 4d. ; goverment securities (British and
colonial), 139,5001. ; local bill, bills receivable, and other
securities, 4,390,239/. 15e. Id. ; instantiate on new shame
payable in the colonies, 3,2804 ; reserve fond, invested
as per statement, 250,0001. ; total, 5,737,5391. Is. 11d.
Statement of Profits : Balance of undivided profits at 30th
June, 1881, 104,3131.14 e. 9d. ; out of which a dividend
was declared of 95,0001. ; and interest on new shares
paid 5,0051. 12. e. led. ; together, 100,0054 lb. ld. ;
leaving • balance of 4,31184 2s. Bd. ; profits of the
past half-year, after making provision foe all bad
and doubtful debts, 160,8961. 16e. 10d. ; ditto on
shares sold, 5,4271. lb. ; tftether, 188,3241. Be. 10d.
Less.-Heintineration to the local aimed's, and salaries
and allowances to the colonial staff, 31,4064 18s. ld. ; ge-
neral expeame in the colonies, including rent, taxes, sta-
tionary, irc., 12,8544 14s. ld. ; remuneration to the board
of directors, 'aeries of London office staff, rent, taxi',
stationery, and general expemes, 6,4421. fle. 14. ; Mame
tax, 1,80011 - together, 52,501.195. 3d. ; leaving 113,8201.
9e. 7d. ; balsam of undivided profits at this data 118,1224
12s. 3d. Reserve fund.-New Zealand Imperial Four per
Cent. Debentures, 200,0006 ; Colonial Six per Cent. Dobai-
tures, 50,0001.-total, 250,0006*
The CHAIRMAN, in moving the adoption of the report, sad
the features of the Wawa-sheet were so satisfactory es to
require little camera on his part. He could freely sodorse
the statement of the directors as to the sound position of
the bank. During the twelve years that be had been con-
nected with the board, be had neve, knows the liabilities of
the future to be so amply guarded spinet by ample reserves.
The policy which the based had always inculcated on its
allows in Australia was that of steadiness and caution
rather than that of making large profits, and to that poliey
the chief manager there had constantly adhered. As re-
garded the future he entertained no fears ; on the contrary,
he believed that a =rem of great prosperity must lie before
a bank which aided so mush in the development of
Anatolian moonrise, provided them were exercised a proper
amount of caution. (Cheers.)
Mr. WILKINSON congratulated the meeting on the bet
that with lees of the capital of others the company bad
made an increased amount of profit.
The report having bees adopted, the vacancies in the
board were filled up in accordance with the recommende-
d oos in the report.
A requisition signed by 20 shareholders was afterwards
handed to the chairman by Mr. Edward Hamilton, request.
ing the directors to convene a special meetisg to consider
the question of increasing their remuneration.
The CUSHMAN said the subject would be taken into con-
sideration by the board.
A vote of thanks was aosorded to the directors.

LONDON AND BRAZILIAN BANS (LIMITED).
(THIS DA r. )

This afternoon the second annual meeting of the
shareholders in the above bank was held at the Loam
Tama; Mr. J. W. Ceuta in the chair.
The net profit foe the half-year ending June 30,1864,
amounts to 24,704 L 12i. 11d. Out of this the directors
proposed to pay a dividend, free of Moms tax, of 11. 41.
pee share, amounting to 15,6001. (equal to interest
on the paid-up capital after the rate of 6 per
cent. pa annum) and to earry forward the balance of
9,1011. 121. Ild. to the next account. The intention of
the directors was to have recommended au increased divi•

;I:loi,iTtin consequence of the late important failures at
Rio de Janeiro, it is deemed more prudent to carry over a
la balance, and to make the distribution proposed.
"The opportune snivel in England." says the re-
port, "of Mr. Saunders from the Rio branch, simul-
taneously with the announcement of the severe crisis Is
that city, not only afforded the directors the gratifying
Intelligence of the satisfactory position of that branch, but
also that the losses were likely to be much lees than at first
antioipated, and these is every reason to hope that these
will be more than compensated by diminished rampetition,
and this general improvement of the business of the bank.
By the last advice, from the branches, the directors are
happy to say the operatioes of the bulk are progressing
most satisfactorily. They are also glad to reports steady
increase of business in Portugal."
Thereport was adopted.

Her Royal Highness the Duchess of Cambridge
will liars Cambridge Cottage, Kew, this day, to pass the
mu* with their Royal Highnemee the Prince and Princess
of Waft at Sandringh►m. We understand that the
Primer Mary of Cambridge is expected to arrive at the
royal residence in the Ambassador's Court, St. James's,
next week, from visiting her sister, the Grand Dneheas of
Mecklenbmg•Rtrelita, is Germany.
. . .

His Excellency the French Ambassador had s
dinner party on Saturday at the French Embassy at Albert-
gate, whoa his Royal 11*hirme the Duke of Cambridge
honoured his excellency with his presence. The royal duke
who was attended by Colonel Tyrwhitt, arrived at 8
o'clock. There were present to meet his royal highness—
His Excellency the Ruse's' Ambassador and Baroness
Brannow, his Excellency the Swedish Minister, the Mar-
-1 quis and Marchioness d'Artliga, the Marquis Caumont de
la Force, Viscount de Courval, General Sir Richard Airey,
X sad Madame Merry del Val, Prince Gortchakoff, Col.
Nowitzky, Baron and %roam Bead*, the Marquis de
Tarnisher, hr.
The Duke of Somerset arrived at his official resi-
dence at the Admiralty oa Saturday evening from Stover
Park, his grace's seat in Devon. The duchess and Lady
°wooden's St. Maur are expected to arrive from Devon-
shire in a few days.
The Duke and Duchess of Manchester have
arrived at ilimbolton Castle, where they will entertain
large party of visitors during the present week.
The Duke and Duchess of Argyll and family will
leave Bosswesette, N. 8., early in the ensuing week, for their
residence at Caraphee-hill, Kensington.
Viscount and Viscountess Stratford de Radcliffe
and Mon. Mime Canning have returned to town from visit-
leg Frances Countess Waldegrave and the Right Hon.
Chiehester Portman*, M.P.

Lord and Lady Stanley of Alderley, who are
surrounded by a 'sleet leanly ark at Alderley Park,
Cheshire, come to town early in the mania( week for the
11411$0111.

---
the Right Hon. Sir George Grey, M. P., and
Lady Grey are expected to return to town tomorrow, from
visiting Vimount Smiley at bui lordship's mat in Hants.
Viscount and Viscountess Palmerston are enter-
taioieg a select circa, at Brosdlitads. Admiral Sir Augustus
Clifford end the Hon. V. Byng are mon the recent arrivals.
It has been the custom anent years past for the inmates of
the Ramsey Union to hays a good treat provided for them
by the libamlity of Vimonatses Palmerstori, Viscountess
Jocelyn. the Boa. Hrs. oowpw, sad the Hoe. Mrs. Dutton.
Ort the 6th the treat was given at the workhouse.
_ _ _

onSaturciey Dr. Fnankland concluded hi. short
000/11111 01 lectern at the Royal nineties "On the
Meng of Coal." Hariag in the preesdiffig lectures coo-
sideredi the odes sod elementary eoenittooeb et on, how
coal was pat teensr by mbar% an hew it i taken assader
for the predecease of heat en light. the wionsiing Inns
MSS devoted to the ezpleurgies el the maser is which no
panne d erinsetias ersoonened into valuable saigerish
for bridiast diniseteas sad for dying. Dr. rennin. at
ttr esechriee of the lusters, ens limey appissikel. Tomah
the Winer were protessedly saran to a Innen ani-
line% Use majority of those pent were well arisen is

a EVENING,

LATEOT