The Express.
London, England, 1865-01-23 00:00:00

----p-r,r,
THS ALLIANCE BANE.'
REPORT OF THE DlREcroas.
The _directors of the alliance Bank (Limited)
bare this afternoon issued their fifth report, to be
presented st the general meeting to-morrow. It is
as follows :

The dirmemin beg to submit to the sitarsissidem a state-
liest al the business of the bank for the half-year ending
the 31st December last The grow; profits, Stadia; 6,5801.
14s. 94. brought forward from toe previous half-year,
easiest to 186,8961. rte. 9d., which, altar dedmieing anent
expenses, latest os current sad deposit accosts, sad re-
bate ou bills digested, bat not yet due. leaves a eat
bats' of 66,7311. 19x. iia. The numerous and extol:wive
Slums of mercantile howls dining the last three mouths
of the past year hem pressed with special severity on the
company, end the directors regret that the loss to la
provided for so enemata sow Is Beata= will absorb the
profits for the half-year, sad a further sum of 01,7371.
lls fid.. which has been carried from the reserve load to
the profit sod lose seanuit Ie addition to thews loss, the
directors Sal' it their duty to state that there are trams,
Sas set yet matured in ossneetion with a heavy accost.
which may possibly retail a large additional loss. The
beak, however, bold, securities which it is hoped
may be maimed favourably • hat whatever lose
may arias will bedealt with scour:loy sad written off the
rams fund. Umber thews oirsomstenees, She decimals&
of a dividend *sot be reeouimeeded. It is Sisfecteerte
the directors to be able to date, that after a mart careihl
seratiny by Chimeras's end the auditaillave every
mama to believe that the ourrert as hank is IM
• sad mailitiss. sad Sy leek
Si
esehislies
tithe fuse preepalty of the inesitelien. Of the *909
*harm authorised tv the extmostlisery soling in Asset
led. tole Sul at 201. per stare premium, 9716, haws Mau
Trfor and shone& sad the aminstril prelim se-
i thirst has. fa accords* with eie esistiess
paned at that sleds& been added to the serve food.
The directors have to mooed with rept as death of Yr.
Dertlistro, sad the resigaadoo of Mr. G. P. Robins. Se
has Ida logiand for lodia, thus causing two vacancies is
the direenos.
It will be seen that the facts above recorded con-
firm the wlifavourebls rumours which have been
circulated for some time past. The net profits of
the half-year, together with the balance brought
forward, amounting in all to 86,7311. net, have
been swept away by losses ; in addition a sum or
' 61,7371. has been absorbed and hes bees furnished
from the reserve fund. The large anus of 181,9961,
however, derived from premium oa shares, having
been added to the reserve during the previous if-
year, this fund, after allowing for the deduo-
tion now made from it, amounts still to as
much as 208,2571., so that the disastrous
results of the last half-year's trading would
probably. be regarded by the shareholders with
equanimity did the record of loss end here. But
uncertainty with regard to the real position of the
bank must continue to prevail until more light is
afforded with regard to the " large additional loss"
vaguely referred to in the above report. Upon this
subject questions will doubtless be asked at the
coming meeting.
Below we give the accounts of the Alliance Bank,
as made up to the Slat December, and certified by
Messrs. Quilter, Ball, and Cot, and Mr. Harmood
W. Banner. It is satisfaoiy to find that this bank
has adopted a practice which we hope will iwon be
universal, viz., that of separating in the balanos-'
sheet the amount of the current and deposit accounts
from the liabilities on acceptances. The amount
under the latter head is as tench as 3,716,750 t,
and under the former 2,331,3251. The total of the
two is 6,048,076/., which is but slightly below the
amount stated in the accounts of the previous siz
months, when no separation of the items was made.
vALAIrez-sairr, riot December, 13M.
DI.
Te espial paid op,
eta ,L26per share.
on 30,000 shares.. d 760,000 0 0
LW calk in arrest . 3.035 0 o
741975 0 0

To Eloper share on
9,770 shires 1994
Mos
Lova% in &mar
116,486 0 0
4140,450 0 .

. .
To amount due to customers on
current and depods anging.
droller notes, au.
To Ms payable . l4mm a

4,0,4,n51 4

fore, 1564 14,000 0 0

To morn fund, Mk
To premium ea
8.776 'ham. UM
awe 281,220 8 0
Lea wrier* 0,816 0 0
ISSAS 0 0

209,005 0 0