The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-11 00:00:00

HIBERNIAN JOINT-STOCK BANKING
COMPANY.

(From the Dublin Freemen', Journel of Saturday.]
Yesterday there was a numerous and respectable meeting of the
Proprietors of the new Banking Company held at the Trustier
room, Royal Exchange.
Col. WHITE. U.P. in the Chair.
The Secretary read the following Report :
After affording to all the Proprietors an opportunity to mal:e
known their determination as to the increase of their subscriptions,
recommended in the resolution of the General 3leeting, held on the
20th November last, your Directors found that, although the re-
commendation was adopted, and spiritedly acted on by many, a
considerable sum of your capital still remained to be subscribed for,
exceeding 100,0001.
The obvious importance of being enabled to commense business
as early as possible, urged your Directors to adopt prompt and
effectual means to place the Company in a situation to do an with-
out further delay. They appointed Memel. H. and J. Johnstone
and Co. to be their agents in London, and through them a negocia-
tion was entered into with some eminent houses on the London
Stock Exchange, on the part of themselves and friends, to obtain
the requisite subscriptions to fill up the capital. The plan of the
Company was submitted to them, and having fully met their ap-
probation, they entered into an agreement, on the 27th December
last, with your agents, on the following terms :
To guarantee a subscription for the sum necessary to complete
the capital of 1:00,000/., reserving to themselves an option of taking
a further subscription of 200,900 f.; such option to be declared on
or before the llith January instant, the payment of TM per cent. on
the stock to be divided thus :-101. per cent. (with Ris. per cent.
additional for expense of outfit) on 10th January instant, and 151.
pet emit. on the 10th February next—the remaining rayments to be
according to the periods specified in the laws of the Company, upon
the understanding, however, that transfer books should be opened
in London only for the English subscriptions. That the dividends
should, from time to time, be paid on them at the exchange of par ;
and that the proprietors of the English subseriptions; (while re-
sident out of Ireland) qualified to vote, should be allowed to
rose by proxy ; and in case of the transfer of any of the English
subscriptions to Ireland, such proportions should not be returned
to England.
The option left. m above stated, to take the 200,0001., necessary
to complete the 1,000,000/. capital. as originally contemplated. has
since been linden of by the English subscribers without waiting
for the expiration of the period they originally reserved to them-
selves, thus giving the most decisive proof of the opinion they en-
tertain of the prospects of the Company.
The Directors, on entering into this arrangement, (which they
now submit for the conformation of the Proprietors,) acted on the
powers confided to them by the 17th Resolution of the Gem ral
Meeting, held nn the 15th of July last. They are convinced it
will 1•e found eminently beneficial to the t'oinpany t and the Direc-
tors trust that it will appear to the Proprietors that they M.ve, in this
instance, exercised the powers confided to them with a sound dis-
crc tier . Signed on behalf of the hoard of Directors.
CORNELIUS 31`1Aiti
Chairman of the day.

Temporary Office, eth Jan. 1025.
Resolutions founded on the report were tben passed unani-
mously.
Mr. ROBERT 51`CLwr.r.awn being called its elm Chair, thanks
were voted to Col. WHITE. and the Meeting adjourned.

Letters have been rtceived from Muxico, dated the 13th
November, hut we find in them no notice of political
events—the best evidence that the condition of the country
is prosperous. Mr. Morier had reached Xnlapa, on his
wa• to the capital; and Mr. Harvey, who has been re-
called to England, was preparing for his departure. It is
raid that a contract for the Valenciana Mine has been
concluded on behalf of the Anglo-Mvxican Mining As-
sociat i