The Express.
London, England, 1853-01-21 00:00:00

LONDON JOINT STOCK BANK.

SPORTING.

Yesterday the ordinary ball-yearly general meeting
of the proprieton of this company was held in the board
room of the Bank, in Princes-street, W. Biourr, Esq., in
the chair, When the following report was read by the
secretary :
" The directors have the satisfaction of laying before the
shareholders the annexed accounts, showing that the net
profits for the six months ending the 31st December last,
added to 10,1321. 18s. 4d., brought forward from the pre-
vious half year, plate at their disposal the sum of
40,0061 2s 4d. This result enables the directors to des'
elate a dividend at the usual rate of 61. per cent per an-
num, with a bonus of 7s. per share, both free from income
tax, and to add 1,0061. 2s. 4d. to the guarantee fund, which
now amounts to 146,6131.8.. 2d."
LIABILITINS AND MBlll4 Dec 31, 1862.
Dr.
To capital paid-up, viz., 60,000 shares at
101. each £660,000 0 0
To amount due hy the Bank 3,591,606 10 8
To amount of " The Gua-
rantee Fund," 30th
June, 1862 £143,45.5 9 3
To six months' interest on
ditto, at 31. per ceno. per
annum 2,161 18 7
146,607 5 10
To undivided profit for the last half-year 10,132 18 4
To amount carried to profit and loss
account
£4,405,127 17 5

TATTERSALL'S.—Tavan AT.

The bettingyesterda; exceeded the iltursiay's average,
but hed very little influence on the priers. It closed as
follows:
LIVERPOOL STEEPLE CHASE.
20 to 1 agst Knight of Ownne
2.5 to 1 Hall-and-Ralf
METROPOLITAN. _

30 to 1 agst Lurd Joh:. Scott's Pug Orrock (taken)
30 to 1 Mr. J. R. Cowley's Lampedo (t and
aft off)
30 to 1 Mr. Hall's Ireland's Eye (t and aft off)
40 to 1 Mr. Austin's Madeline (taken)
CHESTER CUP.
20 to 1 agst Lord Wiltun's Lady Evelyn (I)
25 to 1 Mr. Greville's Scarecrow (t and aft off)
40 to 1 Mr. Osbeldeston's Mountain Deer (t and
aft off')
40 to 1 Mr. T. Parr's Trifle (t)
60 to 1 Mr. Morris's Indian Warrior (t)
50 to 1 Mr. Saxon's Black Doctor (t)
50 to 1 Mr. Rowan's Flon-ma-Coul
.50 to 1 Mr. R. E. 01liver's Babette (t and aft
off)
1,000 to 20 Mr. Saxon's Richard Primmer (t and
aft off)
1,000 to 20 Mr. T. Pan's Contentment (t and aft
off)
5.000 to 75' Captain Key's Little Jack (t and aft off)
2,000 to 30 Mr. M. Dawaoa's Bit of Blue (t and aft
off)
1,000 to 15 Mr. Cooper's Montague (t and aft off)
DERBY.
12 to 1 agst Mr. Bowes's West Australian (t and
aft off)
16 to 1 Duke of Richmond's Pharos (t)
16 to 1 Lord Derby's Umbriel (t)
20 to 1 Duke of Bedford's Sittingbourne (t and
aft off)
45 to 1 Mr. Walter's Lord Fauconberg (t)

Cr.
By Exchequer Bilb, India Bonds, &c £554,700 17 6
By bills discounted, loans, and cult 3,790,052 0 0
By building, furniture, &c.
in Princes-street
By ditto ditto ditto
in Pall-mall 9,125 0 0
30,375 0 0

£4,406,127 17 6
PROPIT AND Lou ACCOUNT.
Dr.
To current expenses, proportion of build-
ing expenses, directors' remuneration,
bad debts, income tax, &c £20,624 6 1
To amount carried to profit and loss, new
account, being rebate of interest on bills
discounted not yet due
To amount transferred to the credit of the

NEWNIARKET CRA\
NEwmaitemr ULNDICAP.
fore February 1.
Age. at lb
Stockwell
Weathergage 4 9 0
Kingston
Newininster
Cariboo
Daniel Oltourke 4 8 7
Chief Daron Ni-

'EN MEETING, 1853.
To decLire forfeit on or be-

Age. st lb
Tested 4 6 3
fluid 3 6 3
Gossip 3 6 3
Surprise .. .
Brother to *St

"Guarantee Fund," in addition to the
above amount of 145,6071. 61. 10d 1,006 2 4
To dividend account for the payment of
half-a-year's dividend, at the rate of 61.
per cent= per annum, upon 600,0001.,
amount of paid-up capital upon 60,000
shares
To ditto, fur the payment of a bonus of 711
per share 21,030 0 0

Fabian — 3 6 2
ICharley
termagant 4 6 2
Young Norval
Coul 3 6 2
Peacock
Perfidious
Grapeshot
Prevention
Coryhaates 3 512
Ethelbert
e by Don John
oat of Potentia 3 5 10
Taviatock
Miu Emma
Mies
f by Cotlrrstone

cholson
Indian Warrior 4 8 4
Hungerford
Augur 4 8 0
Prime Minister 6 8 0
Frantic
Garforth 6 8 0
Confessor
Homebr owed.
Ambrose 4 7 11
Rod Hind
Lucio
Theseus
Po•4le 4 7 8
Ben Nevis
Conmore 4 7 7
St. George 6 7 7
Nutshell 6 7 6
Q•asimedo • 7 6
Attack
Kohinoor
Little Savage 4 7 4
The Bishop
Sanita 4 7 0
Scarecrow
Antigone
Galvanism
Herbert
Babette
Pelio• 3 6 12
I:ex
Ammonia
Hambletonia•
Wedlock filly
Constantine
Dame Tattle
The Carrier
Spark
Madri I
Michaelmas Maid 3 6 4

£64,014 0 11

By balance brought down — 67,881 2 7
By undivided profit brought forward from
the hat half-year

£68,014 0 11

out of Wedlock 3 5 7
Knavery 3 5 7
Peggy 3 6 7
Helen
Polly
The Dandy 3 6 7
Tittle Tattle
Jack the Giant

The 0/IATIMAX having moved the adoption of the report,
Mr. BORROWDALI observed that the accounts showed an

increase of deposits, as compared with iiie;;;;;Wiccriiig
half of the previous year, of between 400,0001. and 600,0001..
and since June last the bank had ceased to pay interest on
ordinary balances. They had thus had the benefit of in-
creased business, in so far so the payment of interest on
balances went, on more favourable terms than heretofore.
He had consequently been led to expect a larger bonus than
7s. per share. He thought the shareholders had much
cause for congratulation in the present position of the bank.
At the same time they were entitled to some explanation
why the profit to be divided was not larger than tt was. It
was possible the reason was to be found in the increased
charge under the head of current expenses, which were put
down at 20,6211. against about 13,0001. in the last half of
the previous year. They should know whether such in-
crease was consequent on the recent rubbery of notes which
the bank bed sustained, whether they were called upon to
look upon that robbery as a total loss. and if so, how much
ought to be written off in each half-year on that account ?
The CHILIALI‘LX replied that the hon. proprietor must
be aware ,that the gains of bankers had not, during the
last half-year, been anything equal to what they were
during the corresponding period of the year before, the
profits made upon discounts having been considerably re-
duced in consequence of the plethora of money. Oa the
other hand, it wes true that the bank had ceased to allow
interest on ordinary balances. The hon. proprietor had
very properly alluded to the accidental loss the bank had
sustained oy the recent robbery of notes, but which was
merely one of those accidents which all business
establishments were liable to. The amount of that
loss was 4,5301., the whole of which had been,
according to the invariable custom of the bank,
written off from the accounts of the year in which it had
occurred. (Hear, bear.) With regard to the increase of
2,0001. in the charge for current expens s, it would be seen
by all present that a great deal had been done in the way
of alterations and enlargement of premises to afford accom-
modation for the increased business; and a cunederable
portion of the cost of such alterations was included in the
item in question, and the rest would be divided over a series
of succeeding half-years.
Mr. McElwee Mooaa (a director) wished to add to the
explanation that the wholo of the 4,6301.—the amount of
the abstracted notes—was included in the item for current
expenses. But for that, the charge under that head would
have been only about 1,6301., and the increased bonus which
would then have been divisible would have made the divi-
dend equal to lot per cent per annum instead of 9},which it
now was. (Cheers.)
Ile. BORROWDALE admitted that the explanations just
given were most satisfactory. He wished, however, to
know what would be the nature of the event which would
Induce the directors to touch upon the guarantee fund, if
not in such a case as a loss secasioned by a robbery ? Were
they n to have a maximum of guarantee fund, or were
they to go on adding to It every halt-year, and paying looses
out of the current half-year's receipts ?
Mr. Las said the guarantee fund was nothing more than
an increase of capital. (Hear, hear.) They went before
the public with a paid-up capital of 600,0001., and they had
added to it in the shape of a guarantee fund upwards of
140,0001. more, to meet any ease of emergency that might
arise. (Hear, hear.)
The CIL/LIMAN observed that the guarantee fund was
quits capable of being applied to such purposes as Mr. Bor.
rowdale had suggested, if it were thought proper so to apply
Mr. Lin said in sister establishments the guarantee
fund was applied In cases of emergency, when they met
with commercial losses. It appeared to bins that in times
like those of the past year they had had more capital than
they could deal with profitably.
The resolution was then put and carried, the dividend
and bonus declared, and the retiring directors, Messrs. W.
M. Christy, F. B. Goldney, W. Ormsby Gore, M.P., H.
Grace, and Sir R. Jenkins, were re-elected.
Mr. Lai desired to submit,i as a resolution, That when
the guarantee fund should reach 150,0001. all interest and
accumulations thereon should be divided among the pro-
prietors."
Mr. BORROWDALB had much planate in seconding it;
and as he should, no doubt, be told that such a resolution
could not be carried without an alteration in the deed of
settlement, he would venture to express n hope that the
board themselves would take the necessary steps to make
such alteration with the view of testing the feeling of the
proprietors on the subject. He believed the guarantee
fund of the London Joint Stock Bank was larger at the pre-
sent moment as compared with their deposits and obliga-
tions, than that of the Bank of England, whose
guarantee fund, it should be recollected, also included a
million or a million and a half, which was put down as the
value of the building, while that of the Joint Stock Bank
included nothing that was not of marketable value and
immediately convertible. Under the circumstances, he
thought 150,0001., as the maximum, would be as much as
the meet prudent man could desire. (Hear, hear.) He
had every confidence in the directors, but he hoped they
would promise to take the subject into their e.duside-
ration.
_ _ _

Killer
Gavotte
Llanforda
Talfourd 3 6 3
Contentment 3 5 3
Dabehick
• Anne Page 3 5 2
Shropshire Lass
Catapaw
Petrel
Toboleki
Sister to Caracara 3 6 0
Molasses 3 6 0
Doublethong
Feramors
Mersa 3 4 10

EPSOM SPRINO
CITY ♦ND 81:11t/ABAN HAI

MEETING, 1833.
MICA?. Forfeits to be de-

el nod on or before Feb. 1.

Age. at. lb.
Truth
Longbow
Rusiborough
Indian Warrior
Prima Miaitter 5 2
Italian 6 0
Hungerlord
Father Thames 4 12
The Nabob 4 12
Timid Fawn
Candlewick
Tonic
Dunmore 4 10
Theseus
Glealuce 4 7
Evadne
liardolph
Sir R. I' renchsra. 6 4
Lady Agnes
Kobiwym
Conatil,iun
Dulcet a 2
The Bishop 4 1
Kate 4 1
The.Herio4 6 1
Allegro
Quuimodo a 0
Narcissus
Antigone 0 6 0
Richard Primmer 4 19
Babette
Benita 4 12
b f by Lancelot
out of Wedlock 4 12
Vezmuth
Farmer's Boy 4 8
Calot
May Day 6 8'
View Haloo
St. George I 6 6
Jack Learning
Madeline 4 2
Surprise
Isabella
Henrietta

Age. at lb
Defiance 3 6 2
Chilton,
Charley
Lord Fauconberg 3 613
Hthelbert
Tickton
Stamford
Helena
Don Quixote
Tasistock
Miss Delamere
br f by Sir Her-
cules out of Miss

Shirley
The Hatchet 3 6 9
Katty Darling 3 5 9
Ida
Peggy 3 5 7
Madame Landean 3 6 7
Prevention 3 6 7
Sister to Smga-
pore 4 5 7
Winter .... 3 5 6
The Varmint 4 6 5
4 i 4
Ire ?ennyeon
Jullien
Mei 3 6 3
Master Norton
The Friar
Pancake 4 6 2
Appleton 4 5 1
Bell Tinker
Little David
b f in Cotlerstone

onrc of Wedlock 3 6 0
Him Emma 3 5 0
Sylphide 3 4 12
Camique 3 412
Joarenee
Anne Page 3 4 9
Tobohki 3 4 9
The Kersey
o by the Emperor
out of Coral

D PTTCHLEY HUNT
tO, 1853.
tux Nourarairrois Gramm.
before February let.
Ar. st.lb.
May Day 4
Marta
Break-o'-day-Boy 5 4
Bar John Barley-
corn 4 4
The Deformed
HouLakin 4 2
King of Troy 4 2
Madeline 4 0
Defiance
Burndale 6 13
Lady Harriett
Lady Blanch
Corybantes 3 12
Grapeshot
Happy Joe
Charley
Cotton Lady
Placid
I Etholbert
Fion-ma-Cool
Tickton
Audabon 3 10
Don Quixote
Perfidious
Eulogist
Lady Emily
Termagant 4 8
Gossip 3 8
Tavis oek
Psaltery
Peggy 3 6
Auchinleck 3 5
Ireland's Eye 3 4
Prevention 3 4
Polly
The Dandy 3 3
Jack-the-Giant- _ _ _

HANDICAP FOR PHI Hal
—Forfeit to be declared on or

AIM. st.lb. I
Weathergage 4 0
Kingston 4 13
Newmineter
Daniel O'Rourke 4 7
Ariosto
Cariboo
Joe Miller
Little Harry
Indian Warrior 4 1
Ooldfinder 6 0
Buckthorn 4 0
Prime Minister 6 12
Confessor
Father Thames 4 111
Nutshell 6 10
Bellewstown
King of Tramps 4 10
Victress
Lucie
Poodle 4 9
Oer(orth 6 9
Atari
Selina
Candlewick
Muscovite
Merry Bird 4 6
Attack 4 6
Oholab
Dint he 6 5
Sharavogue
Lindrick
Constantine
Trifle
Alp
Lough Bawn
Scarecrow
Quasimodo a 0
Ammonia
Richard Primmer 4 13
Octavio
Little Dan 4 13
Ilex
Harrier
Babette
Allegro
The Bishop
Galvanism
f by Venison out
of Wedding Day 4 610
Tordeaillas
St. Andrew 4 6 8'

The CZATZNAIf said the hon. proprietor was right in,
his supposition, that under the deed of settlement such a
motion could only be carried oa the recommendation of the
directors. The board had, however, had the subject under'
consideration. Only that morning, previous to the present
meeting, it had been discussed, and be might add, that it
being known that the amount mentioned, 150,000!., would
be arrived at about this time next year, there was a feel-
ing on the part of the board very much in favour of the
proposition which had now been made. (Hear, hear.)
Air. Lax, after the courteous ex,lan,tion of the chair-
man, had much pleasure in withdrawing the resolution.
(Hear, hear.)
I Mr. Forma, another director, thought the chairman bad
I gone somewhat further than he intended. All that he in-
tended to say was, that the directors would take the subject in-
to their consideration during the next half-year, not that there
was any decision or generally expressed opinion to make
150,0001. the limit. As the business of the bank progressed
it might be thought advisable perhaps to increase the
guarantee fund, by allowing it to augment itself by means
of its own interest, as was provided for in the trust deed.
The question, however, would receive the fullest considera-
tion before any decision was come to by the board.
Mr. Liz and Mr. Boattovrvann had beth understood
the chairman's observations intended to lead to the supposi-
tion that the limit would be 150,0001.
Mr. A. Moona said the feeling of the directors was to
consider the question when the fund reached the 150,0001.
The object was to apportion the guarantee fund to the
amount of business done, and not unnecessarily to in-
create it. _ _ _

-----
3
Killer
Masssroni
Charity
Helen
Contentment
Pride
Moselle
Bell Tinker
Hobby Horse 3
Postulant
Jacqueline
Llanforda
Angelo
Dabehick 3
Minerva
Limped° 3
Herm
Molasses
Tobolski
Peramors
Chaffwas 3
Florist

Waterfall

IkMta 4

Pelopidaa
Sweetheart 6

Tremble 4

Mr. MODOKINSON urged that the guarantee fund was
merely so much capital belonging to the proprietors upon
which they did not receive dividend.
After some conversation the motion was withdrawn, and
the usual vote of thanks having been accorded to the chair-
man, the business terminated.

Ibis

Hambletonian 4

Bit of Blue 4

Nionyhammer .. 3

JEWS AND GENERAL LITERARY AND SCIENTIFIC

INSTITUTION.—A ball to commemorate the anniversary of
TREMENDOUS MORTALITY ON BOARD AM EMI- the (minding of this admirable institution, whose proceed-
OR•NT SHIP.—The government emigrant ship, Ticondc- logs at the Sussex Hall, Ltmlenhall-street, we have so
roe, which sailed from Liverpool oa the 4th August, had elicit to notice, took place last evening, at Willis's Rooms,
arrived off Port Philip Heads, but waa not allowed to pro- I Kin;-street, St. Jam•s'e. The attendance was exceedingly
coed further in consequence of having upwards of 200 pas!' good, and the evening was a very successful one. Among
sengere ill with fever. She had butted 120 passengers on I the ladies were several of the Rothschild family. The
her voyage. dancing was to Coots and Tinney's band.