The Express.
London, England, 1861-05-28 00:00:00

lATIONAL DANZ-(MMIS DAT))

--w
The twisty-sixth annual meeting of the
propristen wee le/d at Ice at the temporary offloes,
50, old Hroadvtreet, Ocraelon OUNAIMIT m the chair.
The 611' In AZT (Mr. Hyde) reed the followieg reported
the directors:
" The directors of the Natimal Dash have great pleasure
in pi...eating to the proprietors the twisty sixth annual
report of the state and comlitims af the society made up to
the clove of Detill. Then have Nth ea which to eosin-
Wats the prurience is thin document before
there ; fur they ma advert to the that in the face
of outaideraW and exemptions" lover, the general prospe-
rity of the ortaldielissent has enabled them to pay
dividends and beensen to the amount of fourteen per
rent. for the last year, to write off sad provide for all
and doubtful debts, and to Mamas the amount of rest or un-
divided pn,fit• exhibited in the directors' report of May last.
The year 1850 has been on. of chequered results in agricul-
ture sod trade ; but so far as this bank is coo mented. except
for the failures in the leather trade, which occurred in the
course of last summer, the amount of realised proem would
have far exceeded those of any year hitherto reported upon.
The increase in the earning were:mot the bank, the directors
hope to be continuous and progressive. With respect to
the amount lost by the lank in connexion with the failures
before referred to, the director. have to state that they have
melee., to lie written off bcs:00I. for lad debts. This sum,
which fully providesforevery ascertained and contingent loss;
it ia weed. mg to report, WY Witte eatent of :9,1541. 195.8 d.
amiWde foci fornierproneions for doubtful debts which hays
been malind or secured or more favourable terms than
°Melnik euiruate4, and 37.3i5/. tie, 44. has been avail-
able feral the ordinary pronta of the year, which were
44,464/. is. Sd., in excess of the dividends end bonuses. The
directors have ploasure 'nestling attention to the fact that
reiterithsteading the year 11460 wa. generally unfavourable
for agricultual interests, from the prevaleoce of uwenial
weather, the belated industry and thrift of the agricultural
PoPuletion in Ireland have too far counteracted even this
aerioue drawback, as to exhibit a total of deposits at the
close of last year very nearly equal to that of 1859, and
much greater than that of any previous year since the
opening of the bask. The following amounts in the form
heretofore adopted, exhibit the mate of the company's
affair. more precisely than general observations :
'• I. Anvers AND LIAIDLITIVI.—Anet.—GoId and silver
coin in Ireland, 700,1#21. le.. 4d. ; rash in hand, at the
Bank of Elegised, and at call, 4147,306/. 7e. 10d. ; govern-
ment funds, Excherver bills, Exchequer hoods, and &thew
toes, 639,3911. loti 3d. ; btl s discounted on hand,
3,246,411. its. 91 ; advances on government and other se-
curities. loans at abort entice, and current accounts,
300,7tti1. ss. Bd. ; bank premises at London, Dublin, and
branches, Aerial. 12a. ad. ; total, 5.960.91461. 10°. 6d-
Liabihtins—Paid•up capital, 500,000 f. ; notes in eirculatioe,
1,281,90/4/. 6a ; due by the bank on deposit receipt., cur-
rent acenente, he.. 3,4(7,0871. A. lok ; rest, or undivided
• 181,931/. ss. M. Total, 5,9609661 10s. 6d.
11. Panne amp Lose Accorffr.—Rent, or undivided
profits, at December, 1*59, 179,7811.18 a. ed. • to which has
been added the net profit of MO, after vital off all bad
and providing foe doubtful debts, 98,0181. 7e. ; lem re-
bate of 'steroid oe bills not due, 18,871.-77,1491. 7s. Id.
Total, rmlksill. 6s. M. From which have been paid : Feb.,
1880, half • year's dividend, at the rate of 8 per coot. per an-
num, 20,000 f., with &bonus of 15s. per share,l3,oool.-35,0001.
Aug., 1880.—Half a year's dividend, at the rate of 8 per
contoeseLajrcurn, '
00W.110,0001, ;g;rith ar;bonus. c47s,l;so.orrleashyafe,
15,at Denmber. 1860, area., or amount of undivided profits, DOl
181,311/. ss. :id. Examined and found correct, O. Onimaimey,
M. l'aborne, J. B. Smith, F. H. Renshaw, F. New,.
Once these accounts were made up, a dividend at the rate of
8 per cent per annum, aod a bonus of 15e. per shaft, were
pud in February, arnountiug to 36,000/. The amount om-
divided profits, after payment of the bottle and dividend.
therefore stood at 110,8 till. liao Sd. this year, as compared
with 139,7811. M. 4.1., the amount of undivided profits
after payment of the February divideads in 1860, and allo-
cating out of profits 5,0001. for building purposes, se referred
to is the report of last May, and shown in the preceding
assaults. The directors were in hopes they should have
bees able to meet the proprietors on this occasion in their
mew ; the delay, however, is eat considerable, and
they expect in the coursed about three months to occupy it.
They desire to state that the building, nowt to ma incon-
siderable genet• stands on the freehold ef the bank, and that
the mall porkies sot freehold is nadir lease from the
trustees of Christ's Hospital far a period el sixty years from
id6llllllollll, 10tW. The director. deem the present occesion
a enitahle one to ruler w the relative amount at Irish bell-
es. trammeled by this beak, and of aixonimodatiori afforded
to Irish trade by it, as conspired with the other banks ia
Ireland takes is the aggregate. The amount of note eh,
(viatica, which a bank of Imes coatinemuily maintains,
afford@ the brit teat of the activity of its business, mad
is the best mesons of the .:test to which its
advances nisi the operations of trade. At the period when
the average cirmalatioa of the banks of lens in Inked wee
taken for the purposes of Sir Robert Peers fist, sandy
for the twelve months pending May, 18411, the SOW
einalatioa of all the bank. in Deleted was 6,354,4941.
The total caircidatios of Inland at the close of 1860 was
7017,61;31., showing an increase of 693,10111. for the whole
of
Ireland, sad for all the banks. Of this nevuse in the dr-
minim( median of the country 500,9461. 1 the increase on
the circulation of the National Book as shows in the Duthhe
°sow of the 9.th of December kat. The directors behove
this fact will illustrate better than say general nehmen the
actoal sod relative proems of the bask in the cultivation
of it. Irish Imeincea It affords the director* much *seers
to *dorm the proprietors that the branch opened at
Listowel, referred to in their last report, has preened
neat tatisfactortly ; and they have sow to report that
they have within the pnuent year opened • branch
ba.k at Newcastle, in the count of Limerick,
the growing import's.* of the lisak's is that dis-
trict h.. log confirmed the directors in the belief that
their customers at Newcastle had • fair right tonpia the
eitablinkineet of • branch of this bank le tie& town.
The directors have to report that in virtue el the pewees
coaferred es there by the deed of settlement, thee lave
eßed ap the vosasey in the board ceased by the deems*
el thew late ensessed eallesepee. Jobs Clemest
Redin Fri., which essayed shortly before their
last meet,ng, by the memilmens eleetise of Ed-
Road einithwick, Pat., el Ifllsemy, end white appoist-
!lkea t the directors are essidest will receive the coa-
firmatW .1 of the p The directors desire here to
siel:t tribute respect to the easesay et mother col-
, who has within the last few mouths departed from
them, sad to uprises their deep regnet at the
death of their vetoed friend, the late I rem= Spaight,
Esq.. the vacancy eansed by whose death the direc-
tor. have also filled up by the unanimous election of Joseph
Neale leKetsaa. Leg.• formerly their chief inspector in
Ireland, whose election they ecalldmitly (aped well equally
receive the onfireistion of the shareholders ; at the same
time the directors kers also acted in socordaase with the gen-
rel enema Yr. 51 lienoa's value by retailing his active and
promisees services as a permanent member of the men-
mitten of managemeet. The directors who retire this
year by rotation, are, Jeremiah Inane, R J. Harvey
Ulric, Esq., H.P., Itowseil Rosekl, Esq., and eq.,
H. Usborne,
Esq. • who, beim( eligible, now offer themselves as (Milai•
elle 'fag 111141•CWIL

The (*HA I RIIA Illawlerg the adoption of the report.
enegratadated the proprieties on the ratisfaseery amounts
whisk bed be
selimitted. He hum, he mad, that certain
roam *arise the peat year led to trepeelatiees la some
glutton of differeet meal* bet happily tb• amounts
was, as he had said, ratiefeabory. Connected
the beak was with agriculture, it bad Naturally suffered
to some extent from the brae le which agriculture
had been 'objected ; but, zetwithateading that., the
diminution in the amount of deposits duriug the past
year woe only 47.1001. The total amount of ascertained and
eoetingent kens duns, the year wee 66,5001., and the di-
anon had been enabled to meet them without
taetehisg on the reserve fund or dinsiaish•
ing the dividend and Tonne. Such was the
onefidence of the public in this lank that out of an excess
eireulatioe of 7110,0001. in Ireland five-sevenths belonged
to this bank. The loan to which he had referral were
such em could not be foreseen, the last year having, se the
pm:proems were aware, been a most extraordinary one in
tbe history of basks
Kr. Fog, is serooding the motion, agreed with the chair-
man, that there were ample grounds for congratulation.
New AD. I affluent fields of wealth were continually being
opened in Irelaod, and it WY immesible that a hank like
that, havimr fifty breaches scattered throughout the
country, should not derive great henett. An regarded
the leas arising from the faibres in the leather trade,
be regarded it aa one of those dimmers which no human
formight could prevent. He believed that the 60,0001. was
gradually reduced to 37,0001., insomuch as when this lass
occurred • debt of 29,000/. was collected coot:wry to an.
ticipation. The hank MN prostrating deeper and deeper
Into the soil of Ireland, and scold, he was convinced, yield
a good returu to the shareholders.
Mr. Suers male some adverse comments on the eleva-
tion of Mr. M'Kenna, formerly chief inspector in Ireland,
to a seat on that hoard ; hie remarks turning in a great
degree on election ?flatten. He did not think the National
Bask, with ell its resources, could survive three general
elections. I Laughter.)
The speaker, or rather reader—for his observations were
all is writing—was ultimately called to order for intro-
ducing a topic forei zn to the business of the meeting ; but,
In spite of the opposition of the meeting sod of attempts oe
the part of the chairman to stop him, he persisted, and
occupied some time longer in the same strain.
The report was then adopted.
The retiring directors were afterwards reelected ; and
the appointment of Mr. !Plicate, as a director, in place of
Spaight, decayed, end of Mr. Smitheriek as a director,
is tdaee of Mr. Kudrna, densaaed, were enetlnned.
Thaulu were voted to the officers ; end the meeting ter.
minitted with a vote of thanks to the chairman and his col.
k.rin the direction.
.;.ri.i ;el:ben' meeting was held enbsegnently, at
which ramlutrous were passed sanctioning joint proprietor-
akin u the shares of the beak.

SURVEY or Lock LOMOND. —A survey of Loch
tomcod has just heen ossiglnhil by Ca iola Otter, of the
Porcupine, ant Lieutenant Cominimier Mims°, of the Rea-
gull, and their assistant surveyors. This survey wee called
for by the numerous accidents occumeg to stainiers Orin
op the w. 4 r, during the summer months, carrying thou-
sands of tourists. The away rocks, shoals, and hidden dea-
lt" are now delineated by a must careful and detailed
surrey, and linscons are to be forthwith pieced oo thole ia
the usual track steamers—United Senior Gesetis.

CALCUTTA AND num sAsrasx RAILWAY.
(THIS DAY.)

The fourth ordinary general meeting of the
shareholders was held et half-pest 12 o'clock, at the °mow
r ;realism House ; Mr. Joan BORIRADAILE b the chair. The
following is the esdolanse of the of the dire:tees :
The eensruting engineer, Mr. having Pro'
medal to India, to expedite the eciestructios of the works,
be extenuated in estellishieg a good understand-
Mg with the official authorities, and kis exertions
had been greatly facilitated by the hearty Co.operation of the consulting engitieer of government.
The arrangements he has made will secure the
°peeing in the month of July of the first section of the
hie, which passes for eleven miles through a densely po-
pulated district, to tionapore. The moils at the Piallee-
brAge have been complicated beyond all previous antici-
pation, and the entire line cannot, therefore, be completed
for the conveyance of goods before the end of the present
year. But at the close of the rains in October it is
proposed to establish a ferry at this creek for
the conveyance of passengers, when the aliottees
of land will be enabled to reach the terminus
es the Mullah in an hour and a half, and to
ecemence operations for the construction of the new port.
Os his arrival in Calcutta, Mr. Longridge found that the
east of the line would be in excess of the original estimate.
New customs duties had been laid on the importation of all
articles from England, which would add at lout ten thou-
sand pounds to the expenditure. But the chief cause of in-
creme in the outlay proceeded from an unexampled rise in
the price of labour and the cost of materials, to the
extent of from 50 to 60 per cent. These contingencies are
likely to increase the expense of the line about 20 per cent.
The director. have solicited the usual guarantee of 5 per
cent. on 50,0004 of additional capital,and Sir Charles Wood
has at once acceded to their request. This sum the directors
are now raising, under the sanction of two meet-
ings, by debentures which have live years to rant
but are convertible into shares at the option of
the holders after the let of January peat. The line
has always been a popular undertaking, and the directors
have oo doubt that the entire amount of this additional
capital will be realised as rapidly as it is required.
Mr. itahworth,ithe accountant, has remodelled the system
of account., and with the most satisfactory results.
The balance-sheet of the London account has been duly
audited to the list December last. In consequence of the
severe labour involved in the reconstruction of the accounts
is India, the directors have not se yet received the
Indian statement, although the meeting had been postponed
to the latest date in the hope of it. arrival ; but the
shareholders had the satisfaction of knowing that every
item of expenditure was rigidly scrutinised and audited by
the official authorities in Calcutta, who had expressed
their coo6dence in the ability of the accountant to place
the books of the company co a perfectly satisfactory
footing." - _

Afar some remarks from the CHURIIAN, and from Yr.
LONGIUMR, coebstatory of the statementa, he.,
Is the report, the report wee adopted vaaakooogy, sad the
retiziss directors wen re-elected.

1.411 MN BEZIOAL BAILWAY.-(THIS DAY.)

Thin afternoon, the sixth ordinary half-yearly
meeting of the above railway wea held, at the offices,
Greehawstreet ; Mr. Lure in the chair. The fol.
lowiAroerurstams reed and adopted :
have pleasure in 'steering the sharehol-
ders to the hales* report of the chief engineer in India
fee a detailed socount of the progress made in the
works eines his report, dated the kith Sep-
tember, presented to the general meeting in November lase.
The directors observe with satisfaction the °cadence ex-
pressed by Mr. Purdou that the works will be
eamplekei within the estimates. The public de-
amities show that everything is being pressed for by the government, and the CAMS of this
company, to endeavour to open, if possible, in May next.
The Urge payment. in full made by the shareholders, in
anticipation. of calla, have enabled the directors hitherto
tzrtpone the Seel call. It bus now, however, been
and the payment has of
boss fixed for the sth
July next. A special nmeting et the shareholders will
be called at the end el that month, with the view
of gamic • resolution to convert the paig3up shares into
stock. The works at the Calcutta Terminus, and generally
on the line, were sulkies* advanced to enable the board
two mouths ago to comma sending out the rolling stock.
Mit locomotive engises were then shipped. The remainder
of the rolling stock is is course of manufacture, and will
be shipped as finished, so that the whole may arrive in
India infers sett May, in time for the opening of the
lisa Tb. dizectons have at. *mom in informing the
shareholders of the aid sow befog given by the govern-
ment of India, to inure the large prospective local
tangle of this railway, by improving old, and coast
sew nada, to act as feeders to it. The pecuniary 6=2
tare already ordered to be paid by the government, as
a beginning, for this purpose, amounts to the sure of
Be. 3,41,500; and it appears to be the intention of the
revetment to lay out further sums for the same purpose.
TM Secretary of State for India in Council is fully
aline to the importance of this movement on the
part of the local government, the following being
ci of the 24th July, 11160 :—' CopyltrojeaWork. despatch to the (overman of
Idle No. 53. dated 24th July, 1860. L In se-
keowheiging the receipt of your railway latter,
No. 16, of rite March last, I need say little more et present
Asa Nat Der Majesty'. government fully the age-
amity of ioestructing as early as lies of
read Is NITS as feeders to railways wheedling
teereede completion ; since, until this is dome, the
reaSenda of the districts bordering on the railways can
be only very partially developed, acid the capital invested
in the otter must remain comparatively unprofitable. I
Ammo with satisfaction bow meth the present Lieutenant-
Owens, of Bengal he, by judicious arrangements been able
to effect towards the constrictioon of district railway feeders,
sad I is* is the hope that your improved anemia poul-
tice will even permit yon to provide funds for inch more
gettensie se mere costly enders y may be
imperil lines. I await with Intend the =d
4t the
trisl which you propose to make, of • cheap de=toe of
' Isum-reed en some short feeder of couiderable
(ellmerl) 'C. WOOD..

THE EXPRESS, TUESDAY EVENING, MAY 28, 1861.

,Ilnari..WoL Muni VaL
Illbt.,lma.olKbas.Jubo
Illookbans
I lkwhes.2l7ll maditi=et

la-igrotlizi —— I
port and Batton 1

Denman
DO. • l • so atil I
De. I e. Is palv.aal D.
Mlle sae JSo
ae
Deal..PeetkllAblaa.
Letemearuzgla
Delloure U "se Steek•
De. IllieeltD
- Suffolk
Mbabane sad Olameow
Kellabre.Perti. Dundee
lett/ end Clyde Joao.
Magee It S. Weems
Greet North elle:4lmi

11
Mk 11
K
UII
st.
A U
11.0

-iiU

4 7
07 90
$1 979

ii. il
00. 11
1l 11
10 i
IL 11
IS. II
St !!

5 II

41 All
2
17 IT
40 14
118 44
27 21

U SO
21 XI
- ...
109 110
11$ 12/
109 110
102 106
120 1111
106 107
72 721
60 0
1090 aOOl
1 1
1111 110
a MI
est ase

21aisTs xawn777

i6l NTell
100 Q. Beath Is Wist. (Irt)
£OO ()vett Widen
100 100.01ourVaLOtaatt
100, limouldeoll Yorkshire
10011.aaileG ord Maakwall

11•201•63°Gvtli al:

Widsru

9 Nampolitsa
149 Do. Now
N Do. Bliss.* Darby
NI Md. OS Ws. (In.)
NI Wld Kest
di !swards sad OWN*

LI gi
4 3
le 11
es se

Rrwry azasigkist
Nowly,Wanesp.•Zok
Norfolk
Nortek British
Nat* Arras MU. • D

-71

De. 6.1.1J1Nkl
Ds. Lads
De. York
lb Dadra ..

-
NalkM.Woollseulae.

Pubis*

Iselll6N.l. Alma&
=lllll4brat
Wm"
Sail Wes
& UM& law
adssiblr data
1 Illsilin a
tett) ON
Tad V.l.

I

be. 1

I 11.
M Vail et NM\
irmie 1
al 'Mob •
- -

...-"-
IWW.III.III=OI

iff---C.-1

• •
.... .....
IN 54
ai a

102 use
1Z ma
to SOf
SI IN.

I itt
Y 4 TS

iii IS
SI
ni illi W
0 0

W U
Tai
IS W
NI SI
_4. T.

1.81
H+
la
H ft

41 47
• 41
• •

411
174
401

Ni e

72k
..
iii it i i
Mi
ei i Si
IN 4

.~. i~;

z

42 12
& IN

-_-7- PR

10! I

_
- Pil
99i i 9
99 i 99i

int-

n:iiin 1