The Express.
London, England, 1859-05-20 00:00:00

3A. MEATINGS.

TM h 'lf-Yearly meting of proprietors of the Pro-
vincial Bank of Ireland took place yrsterday. The
net prod., for the past year amounted to 110,1371.,
showing • dimiuution compared with previous
periods, a circumstance explained by tho low rate of
interne. The diriiirr.d u, w a:trounced is at the
usual rate of 4 per cent for the half-year, and it is
p-opoirtd to pa) in July prat an extraordinary divi-
dend of 30c. per 1001. share, nod 12. per 10!. share.
The report was adopted.
A stormy meeting of sharrbolders in the Western
Built of Lrndon took place )esterday at the Thatched
Room Tavern, Si. Janies'airret, Mr. J. A. Roebuck,
M.P., in the chair. when rcsalutiars to the following
effect were placed :
I. Thst this meeting do sp:.r.ro confirm the m.l-
- atteentest, leering dam the 2.7t'l day of April, 1149,
male bete. en tLti remputy es the eLe b.u3d sod the Louden
aid roomy Bank ea .he ett or hint, f.a the transfer to the
Lotdon sod C•Ary Beak of the bull:arra and goolwill of
this ciaupsay. and Its the act. t> them or the hankies pre-
mises of this company. I. Tina• is order to carry the said
earesawst tato cite.", ft la cafrAicat that this company be
v ,lositarily wound us nadir the petrylelose of the Joist-Stock
Compost.. Ado, 111811-67, sad ihs Joist-St sk Banking
Comeaole• Act, 1027, sad the Jain-8t ek Companies
Aseedment Act, 18411; sod thi. dock require that
80. company ha wskateeily would up aocordingly.
'• • '

, -
Three liquidators were accordirgly appointed.
Boring the Mat two months the affairs of this cite-
blisinnent have been in a crifical state. The al:Winona
imputed irregularities to the manager, Mr. Clack,
and induced the board to suspend him for a period
of some wesks. They also disapproved of the mort-
gage of the government secorives held by the Bank.
It as only fair to mention that the tenor of the pro-
ceedings at the meeting to-day was to exonerate Mr.
Clack from the charges made atainst him. There is.,
howerer. sufficient evidence of banking loom, if not
of m'sulanagement. The accounte. prepared by Mr.
Maynard, the accountant to the bort d. show an abso-
lute deficiency of 8,0461, but a large additional loss
le certain to accrue on the realisation of varies. secu-
ritier. No satisfactory explanation was afforded
relative to three important items classed amongst the
asses, " Bills discounted past doe, 9,4621. 14a.;
promissory notes past due. 12,5301.35. W. • overdrafts
current account, 8,24 W. Ilk 31." According to Mr.
Maynard'. estimate the ultimate loss will amount in
all to about 40,0001., showing a return to the share-
holders of 401. for every 301. paid. Mr. Arbor, how-
ever, ane of the auditors, estimated the aggregate
Ives at 60,0001. It was announced that the London
and County Bank take the premises, furniture, Be,
for 22,3301.

At an extraordinary general meeting of sham
holders in the London Joint Stock Batik, held yester-
day, Mr. J. 0. Maclean was elected a director in the
place of Mr. O. H. Foster, deceastd.
The adjourned meeting of shareholders in the
Alliance Bank is to be held on the 23rd instant, at
Paris, when the report of the liquidators will be
submitted.