The Express.
London, England, 1857-05-21 00:00:00

nOrINCLAL BANNS X 07 I
II MUTING,.
( D

This morning the thirty-seeped yearly general
el the proprietors of the capital stock of the Pro-
owiei of Ireland, was held at the bank, Old Broad-
Mr. OLIVER FARBER, in the chair.
The usual formalities haring been gone through, the fol-
lows gentlemen were re-elected directors, riz., Hoary
abetander, Esq., Sir W. Minto Towneend Farquhar, Bart.,
James Helene, Esq., and Sir Moses Montellore, Bart.,
The Tep.-t for the year was then read. After dwelling in
Wterms upon the physical, weal, and commercial
eisman of Ireland, and the increasing prosperity of the
Clgenerally, it proceeds to give some particulars, show-
w, improved character of the last harvest. As regards
the operations of the lank, the directors state that eines the
bet sonnet meeting they had opened a branch at Carrick-
as-Sur, while the two new branches at Nenagh and Tarn-
Own, have been quite successful in a reran-
airative point of view. The balance-sheet for the
1, exhibits the follog results, vim :—The
seeount submitted to the luteearly general meeting, is
Sae, 1856, showed the amount of rest, or =divided profits,
flit March, 1856, to be 196,7871. 12a. 4d. ; out of which
there was paid to the proprietors a bonne of 4 per cent. at
Alideummor, 1866, amounting to 43,2001. ; leaving • balance
at 153,6871. 14s. 4tl_ • and there has been further deducted the
Mount of two half-yearly dividends, paid to the pro-
prieteta as follow, viz.:—At Midsummer. 1866, 21,600!.;
at Christmas, 1866, 21,6001. ; together, 43,2001.
leaving of the rest of last year a balance o(110,3871.120.41;
to which there has since been added the amount of net
stoats for the year ending on tho 28th, being the last &tur-
" of March, 1857, after deducting the property tax, and
providing for all bad and doubtful debts, 115,5271.
ge. 6d. ; making the amount of rest or undi-
vided profits, at 28th March, 1857, 225,9141. 17a. 9d.;
In conclusion, the directors intimated to the proprietors that
It Is their intention to pay, in July next, a bonus or extra-
Ordinary dividend of 11. 10s. on each 1001. share, and 12e.
es each 101. share, of the capital stock of the bank, in addi-
tion to the half-yearly dividend of 4 per cent—making the
*mount to be then paid 21. 10e. on each 1001. share, and 11.
on each 101. share, for the half-year ending at Midsummer
Eat; and they will also, as heretofore, pay the property-
less for the proprietors.
• The CMAIILKAN, in moving the adoption of the report, ad-
verted to the continued prosperity of Ireland, and the con-
" Mat diminution of pauperism there. At the end of the year
1861 theexpmditure under the poor law in Ireland amounted
ID 1,167,000.. whereat in the year ending September, 1866,
it wee only 676,3901. ; and if 2W,0001. ware deducted from
that sum as the cost of officials, it would be found that the
wind expenditure upon the poor was still further reduced
to this later yew. There could be no doubt that the poor
low in Ireland wasa complete 8.420.8, and recentittformations
showed that the wages were rising, and the mania for emi-
gration on the decline. (Hear.) -Having justified the Writ
banns paid at Christmas last be reminded the shireholders
that the dividends and bonus now proposed to be paid would
make the dividend for the year at the rate dill per cent.; and
Its order to prove that they were not acting imprudently brit-
viding_ao much he mentioned that in ISM thereat was 162,WM•
hi 1856, 196,0001. and now, in 1857, 225,0001. (Her.) As
regarded the proprietary body. out of 967 shareholder!, the
total number on the register, 660, were in Ireland, while so
flir from the executive of the bank being English, he could
eats that, of the 194 individuals who were connected with
the beak in Ireland, six only were English,
thkti-two were Scotchmen, and 156 Irish. (Bear,
bor.) The chairman concluded by prong • warm
saleetim upon the seal and efficiency of the staff of
do bank from the secretary down to the lowest clerk.
The motion having been duly seconded it was put to the
pots and carried unanimously.
Thanks were then passed to the officials, chairman, and
&rectors, and the proceedings terminated.