The Express.
London, England, 1850-05-23 00:00:00

NATIONAL BANE OF IRELAND.

ANNUAL MUTING.

Yeeterday. the fifteenth nand meeting of the
shareholders is thh [solitudes was Mid as the Bask, Old
Brosd-sesot; Oorovivs Osimearezo, Reg , tbe ekes. The
atteedsaos was use so awesome as set roma slasher Nes-
skim _

amaitrAftv Morin/ read Um advertisement seamier
the easetbs. ant read the felbwriag
=POST Or TKO 011308031.
"Tbe Ilbsellem ham pleasure la wastfai the
41.100111., 6. Mir apnoea the and M=Al
the hask's mew* for the pest year. Me giestal mink
the harm* In Ireland la the lest ymi was ea the tibial
of the
favourable. la reepast to the abendeses wad asap =
stein seam bat bread being entatielly as
tura' emsafay, few palses at lb products have had
• depressing ref spea the Is
Interne senstally.
The low, however, from the disease in the poisto
mop hae
After peeved less than wanwapiall al ON jaded
eema
suf.. asitimpssol-
fesze of mez
faits all classes and lawns% k allwdetbe directors
much la being ambled as stele that then an
oftriPeftftB Of beljZzet. sad imilealless avatar/eft ear
ams &l VW* It row is thole eperslies, are sa Skit
accosat, perhaps, sot the lees siesta. The directors ham
deemed It pendent to frame% a reibisted beams ; Le their
intention le asthma be this wastrel wane until the mete-
ration of credit and esaldease bee wedasad to effect on the
trade, agrisalthre, sad ellalleme the souutsy. Mosey has
bees elmadaat with • halted field fa he legitimate employ 1
anent, and consequently but a low rate of interest could be
obtained for a large amount of eurOas capital of the beak.
All the asartaiuM bad debts of the beak have been written
off, sod the half yearly dividends, at the rate of b per cent.
per annum, have bees paid. The nadivided profits at De-
cember, 1848, were:
Reserve hand £00.105 4 4
Balsam at molt sad loss for 1848 3,550 12 10

C 54,095 17
Net pearl's far the year maw Dosamber, 1849 19.33a 1 a

Deduct half year's dividmid to Mid-
73,481 16 6
summer, 1149 ... 11,250 0 0
Ditto ditto Christmas 11,260 0 0
Manes of prat sad Wee tarried to
that mow kr IWO US 14 1
13,128 14 1

Leaving amount of undivided profits to the credit of
the reserve fund at Deoenaber, 1&49
The favourable aspect in political affairs generally has
been productive of very beneficial results to the trade of the
United Kingdom, whack continues to exhibit the most
marked evidences of improvement; and it is hoped that Ire-
land will, ere long, largely participate in the general pros
perity. There are now to be elected bur directors, in the
room of Thomas Lamle Murray, El., Sir Ralph Roweled,
Bart., M.P., John Clement Riving!, Esq., and James
Heade, Req., whose term of office has expired, but who are
re-eligible, and offer themselves accordingly.
Approved by the Court,
(Signed) T. LLIIII Mcanmy, Chairman."
It was explained that the small amount of profits stated as
the net return for 1849 was attributable to the care and vigi-
lance exercised by the board in their business, it beim con-
sidered better that the capital of the establishment st.onld be
employed in transactions which afforded a safe though small
return, than has 'riled with the view of securing larger
profits. The explanations by the chairman seemed to give
satisfaction, although a number of questions put by one pro.
pastor indicated that the accounts were less reliable than
they ought to be. To set this at rest it was distinctly stated
in answer to the several queries that the bad debts written
oat did not exceed 12,9001.; that the amount remain-
ing unsettled between the late London and Dublin
Bank and the National Bark was not more than 10,0001., kr
which sum full security was retained ; end that the branch
business adopted from the former establishment continued
profitable. One or two Irish proprietors desired to leo •
better feeling cultivated between the board in Linden and
their customers and shareholders in Ireland, and at this
point there was a strong disposition to indulge In perso-
nalities, which was averted, however, by mutual explana-
tions. The infusion of fresh blood into the board, the re
&mica of expenditure, and the diminution of official sa-
tirise were also argued, and the chairman said, that so far
did the directors concur in what had been asserted on these
heads, that they had already taken them into consideration.
Om of the Irish proprietors complained of general bad
manogement and the absconding of clerk., and moved a
series of resolutions for an investigation through auditors
into the affairs of the Bank, proposing, at the close of the
inquiry, to transfer the whole business to Dublin, and thus
avoid the c xpensi of the London establishment altogether.
Its contrasted the position of the National Bank of Ireland
with the other Irish banks, end maintained that the fact of
the shares of the other establishments being at a high pre-
mium, while those of the national were at a discount, showed
a want of confidence in the management. After the chairman
had again explained, intimating that fur all defalcations of
clerks they recovered from sureties, these resolutions were
thrown over, and the report was carried. Another debate
then followed on some resolutions suggested for restrict-
ing advances to directors, and in this instance the
name of .Mr. Limier Murray was brought forward. Mr.
Murray did not attempt to deny that he had received loans
from the bank, but these were amply secured, and the
balance could be paid en in accordance with the terms of
the Pruned motion should the proprietors have expressed
an opinion. The chairman hash; -.Amnruie4 In ever,
nuptial Particular what bad I:Zen stated by Mr. Murray,
board adthaaedt no further nthhesrer adwrii:utnoeesw witulundtlbeerstattnatteingto
diamnirdrirchtoanythe ibnngg liii, as the remlutions were irregular, the vote of
the meeting could not be taken open them, and they there-
fore fell to the ground. The re-election of the retiring
directors was then proceeded with, and the usual compli-
mentary votes were pissed.