The Express.
London, England, 1868-07-28 00:00:00

EASY LONDON BANS.-(THIS DAY).

This day the ninth ordinary general meeting of
this company was held at the London Tavern, Mr.
EVTLER, M.P. in the chair.
The accounts for the half year showed a gross profit of
10,874!. 17s. 6d., and the directors recommended
that the balance, after payment of charges
at head office and branches, and interest
to customers, and writin; off an adequate sum from the
amount expended on bank premises, be applied in pay-
ment of a dividend at the rate of 6 per cent. per annum,
free of Income tax, leaving the sum of 1,6921. 16e. Id. (i-
-clunddinetghcaluutre th;amete) to,
inbemcarriovingedthfoenvadardoptiouto proliof
tht
eanredpolo:
said new accorket,
figare standing at the item of current
^count would satisfy them of the prosperity of the
On the 20th of June, 1864, the cur-
ies. • 189,6681. • on the 30th of
enut. accounts w` 214 6401. On the 30th of June,
ve, 1866, thekweT • A
thoy were 01101.. tixear, bear.) This showed that
of 100 0001 whilst the expense,
the, I.:Wreased at the 'l4l. 201. utOrt" UM; they Trere 01
of the 1868 acre not ..,untß.eonigibrelrae,,,e,d
1886. (He2c,13,4•929 dies, sothinir—Jtk.t they
...X/0•0001., the bad debtirss.
ba.vdlY had
to be manatee:* "'"" mute than
they' had the confidence of the pubdt.;4•4learana sound 6 peray
would therefore be satisfied with a
cent. diOdend.
Mr. Cat'vax, seconded the moldra which we.
carried unan.Miots/y,
On the motion of Mr. Wags, secondetils, 22'
Tor, a dividend at the rate of 6 Tor cent. weeds
The Caanixxic said that the board bad contain
question of ffirainiehing the liability of sharable& 7342
• reduction of the capitaL It was,. therefore,
that the capital should be 1,000,00 W., divided into Itl, 000
shares of ten pounds each. The effect of is
would be to reduce the liability on the 20,006 Ogre.' j
already issued from 461. to U. per share. He beredlles
effect of this would be to increase the value of the shares
in the market. He therefore propoeed that the c
may at any time by special resolution reduce iteci!eipsaiZ
by diminishing the amount payable on its shares or other-
wise, and that the regulations of the company be altered
act*rdir.
Mr. arra seconded the motion, which wee adopted.
On the motion of Mr. Baurrow the name of the bank
was altered from that of the "East London Bank"
that of the "London Bank."
A vote of thanks to the chairman and directors termi-
nated the proceedings.

A correspondent of the Manchuk► Guardian
writes:— " Mr. Disraeli has returned from Osborne,
whither he proceeded on Saturday afternoon for the pur-
pose, it is understood, of obtaining her Majesty's approval
of the speech from the throne wherein the Queen will
close the session and 'dismiss the present parliament, to
meet no more. There is no little curiosity among political
and literary critics to see how the right honourable
' gentleman of the press' will compose the epitaph of the
Howe of Coalitions, of whom, if not the judge, he has
been the executioner. It is a tempting theme; and the
fascination of fine phrases will probably, aa in the ease of
the eulogy of Lord Napier, prove irresistible."
The LICENSES.—From a return published this
morning it appears that during the year ended 31st March
last, 104,798 tea licenses were granted in the United
Kingdom, yielding a revenue amounting to 73,443/. Os. 91d.
During the previous year the number issued was 102,126,
and the revenue 70,4%/. 10s. 111 d.