The Express.
London, England, 1867-08-02 00:00:00

CITY DISCOUNT COMPANY.

The half-yearly general meeting of shareholders
was held yesterday afternoon, at the London Tavern ;
Mr. J. A. MERRINGTON in the chair.
The directors' report, which was taken as read, con-
cluded with the following recommendation :—" The
directors recommend that out of the balance of 4,859 f.
lls. td ~ a sum of .5001. be written off preliminary ex-
penses ; a divided of 10 per cent. per annum, free of in-
come tax, or :14. a share, be declared ; and the balance,
amounting to 1,496/. 16e. Bd., be carried forward to the
next account."

The CHAIRWAN, in moving the adoption of the report,
after remarking on the light nature of the business
awaiting dispoW, and expressing his dissent from the
opinion entertained in some ,Juarters that half-yearly
meetings are unnecessarily frequent, proceeded to
give figures having reference to the operations
of the company during the past six months. He
said that the capital paid up at the end of the pre-
vious half year was 55,1151., upon which there
was a gross profit of 5,210/. 17.. 9d. The number of share-
holders at that time was 112. On referring to the present
accounts they would find that their capital had been in-
creased to 57,211!w. The gross profits for the pest six
months were 6,31 W., the increase, as compa,ed with the
previous six mon.lis being 1,0821., a result which he was
sure would be looked upon as satisfactory, considering that
the increase of capital was only 2,140/. The number of
shareholders had also materially increased, a circumstanoe
which he considered to be of much Importance, inunirch
as it inspired the bankers and the public with greater con-
fidence in the company, (Bear, hear.) The number of
shareholders at present was 153, so that there bad been
an increase of 41 since the last meeting. From these
figures they would see that the condition of the company
had been one of decided progress, and be thought
he might most unhesitatingly ay that the board,
from all they had seen of the working of the company,
had reason to believe that the prosperity which had elm-
racterised them hitherto would continue to mark them
as long as they coaduc:ed their business in the same
manner and upon the same principles as they had always
done. The chairman concluded by moving that the report
be adopted, and that a dividend of 3s. per share be de-
clared.

Mr. G. Moose seoonded the motion, and it was agreed
to without discuasion.

On the motion of the CHAIRMAN, seconded by Mr. Mt-c-
-ommon, the remuneration of the auditors was fixed at
15 guineas each.
Mr. LARCRLLES proposed a vote of thanks to the chair-
man and directors for the able and efficient manner in
which they haddischarged their duties and watched the in-
terests of the company during the half-year. In the
course of some observations he said the Acres could not be
bought the discount at which they were quoted.
The motion, which was received with much cordiality,
was seconded by Mr. WHITMORZ, and adopted.
The CHAIRMAN acknowledged the compliment, and the
proceedings terminated.

THE LONDON TRADES AND THE TRADES' UNION
CONWIsSION.—II will be recollected that, at a meeting of
the tendon trades' delegates held last week, it was re-
solved to send a deputation to the Trades' Union Commis-
sioners, to ask them to reconsider their resolution ex-
cluding Mr. Connolly, the trades' representative. from
their sittings, on account of his having made souse re-
marks at a trades' meeting in reference to the public cha-
racter of Mr. Roebuck, M.P., a member of the com-
mission. Yesterday the deputation accordingly waited
upon the commissioners, at their place of meeting, 1,
Park-prospect, Westminster, who, however, declined to re-
consider their decision.

HEALTH DEBTORS° IT Du BARRY'S FOOD TO TRII
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wasting, eoa;rh, asthma, fevers, consumption, low spirits 60,040
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his Hanna the Pope—Tins, at ls. lid. : 11b.. Es. Id. ; ltlb., Us. ;
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