The Express.
London, England, 1849-07-28 00:00:00

ROYAL BANK OF LIVERPOOL

The annul meeting of the sharehoideri of this
hank 4:ok plate yeverday, at 2 o'cIock—FRANCIII 811.1 MD
ES4I, is the chair. The following report was read
'lnc present stetter; it convened in secordsoce with
elsu.e 3, of the Supplemental Deed of Settlement, end the '
direct as, in submitting the following report, trust that the
result of the transactions of the bank for a period of IS
months. ending 30.11 Juno last, will be considered satisfic•
tory to the shareholders. It w aanecestary now to dwell
upon the many difficulties which attended the reopening
of the book alter the fearful crisis of 1847, them difficulties
having been overcome by the energetic support of the
shlreholdre,and by the restored confidence*: the public. The
nett :T. fits oldie bank, after the payment of all e spinets, and
the interest on the preference shares, amounted to the sum
of 20,8911.14 e. 2.1. • and it Is further gratifying to state, that
since the resumption of 1:35i110111 no bad debts have been in-
curried. This stun it is proposed to carry toe reserved fond,
and the directors have foil confidence that the shareholders
wiil cot firm this propositie*, allending, as it does, the best
means of providin; far any passible contingency, as well as
layirg the foundation for greater uniformity in the payment
of dieidends in future. The high rate of interest which was
'bowed C.l agreement) to depositors to the end of 1843,
toge Cher with the interest ea the preference shares, weighed
wily upon the profits of the bank, at.d when, in addition,
• if is considered how slow was the recovery from that state of
collapse in which the commercial community had fallen, and
low continually ell business operations have been restricted
and se:harrowed by the disorganised state of the continent,
the arectore fee, that they may assuredly point to
the reassure of caress which has been already attained.
' As the surest ground in lots adverse times of coainned and
leer: uteg prosperity. la realising the assets of the hank,
the dimmers may act have made as much proAress as they
aaticiwited, bat the shareholders need scarcely he reminded
the, irons the character of the property in which the bank
la interested, both In this country and in the West Indies,
ft would base been most taludicious, especially with so man
increasing symptoms of imprreement, to hale forced such
property prematunly upon the market. The directors con-
fidently trust that before the close of another year the
amount realised will enable them to ascrtain the actual
value of the old shares, but which in the present state of
their emu:hies it is impossible to do ; and with this view,
therefore, they are desirous that there should be no addition
mole to the resat board luring that period, believing that
it will be most conducive to the saccessful issue of pending
arrangements.
Tf,c Caatasux mid that it would be unnecessary for him
to d t move than to move the adoption of the report; but he
ehould he glad to reply to any observations which any of the
shareholders might make.
M r. Alderman COOP= said that he eordisPy seconded its
edoption, and had pleasure in congratulating the meeting on
e.e position in which they they stood—so different from that
in which they were placed 18 mouths ago.
The report we. thee adopted.
A •..te of thanks haveg been parted to the directees, to
Mr. C baton, the manager, to Mr. Myers, and the chairman,
the meeting separated.

2061
70
1271

43.5
4
162;

14;
94;
4234
38;
36
82;
46;
23

ao
148
38
36

NORTHAMPTONSHIRE UNION BANK.—At the halt
yearly meeting of pc,...prietors„ the directors famished a
report, is which the prcti is stated at 10,904/., and a disl-
iked of Bs per share was declared. The guarantee fend is
43,6241., and the paid•up etpital 236,0241.
COMMUTATION or SENTENCE or DZATR.—The
'lntense of the general awn-inertial held at Cork co the
21st of tdey last, Neter Meath Janes Walsh, of the 47th
Regiweht, Re llama, whoa oa the line of marsh hem
Cherleville to Bettavact, offered notions 'salmi Lieut.
IVii:iaat F. A. Rook*, discharged a naafi loaded with
powder and ball at Last. Hooke, and therebiszese:a
wennaise his to hie left &ant waadtat ba beam' to
anskstey ; bat her M.jesty has been pleased so ter to se-
tend her Royal mercy to the primes, as to ammatate the
maw* at death to uweportatloa as a Aka Ow the Una of
hit astaal