The Sun.
London, England, 1863-05-07 00:00:00

The London and South African Bank,

ANNUAL MEETING.—THIS DAY.
The second annual meeting
.employed
ptl,hoye proprietorsedcauw_tseaeeseita wuayalosf
,he London and South African Bank took place to-
day. Mr. J. 11, Thomson presided. The report,
which was unanimously adopted, stated that the
accounts for the year ending 31st December, 1862,
exhibited a surplus of £29,481 Bs. 6d., out of which
a payment on account of dividend was made in Oc-
tober last, at the rate of 6s. per share, free of
income tax, and stated that—
"Deducting for rebate on bills not due 45,233 IN 9,21 ;
applying in reduction of preliminary expense account the
sum of £1,608 6s, or one-fifth of the original amount; and
carrying to the credit of the reserve fund £2,000; an avail-
able balance remained of £14,639 108 8d; out of which the
directors proposed a dividend for the half-year, ending 31st
December last, at the rate of 6 per cent. per annum on the
entire paid-up capital, free of income tax, carrying forward
£2,639 10s 8d to next account. The past year had been
marked by the completion of the bank's capital, to the extent
of £400,000, paid up in full, (in conformity with the provi-
sions of the Charter of Incorporation), a steady increase in
its business, and freedom from bad debts. As intimated in
the last annual report, the directors now announced the
formation of a branch at D' Urban, in the colony of Natal.
Arrangements were in progress for the establishment of
others at Pietermaritzburg, King William's Town, and
Graaf Reinet ; and it is the intention of the directors still
further to extend the sphere of the bank's operation as may
be found expedient."
The Chairman stated that last June they had paid
a dividend of 6s. per share on £200,000 capital.
That capital had since that time been increased to
£400,000, and the directors now proposed to per
for the past half year another dividend of 6_l_lo.
o
share. Although the dividend wasp aYabl
only
£288,000. d e o during
abon t h9l ype ae
rr
£400,000, th,...ehocapneittalparocatutalml
£288,000. r
on £288,000 was £26,644,
b distributed, would b
account.
cent. The portion paid to the shareholders, includ-
ing coenngt.
the A l t
Cho ol
ou
ng
iha
li t
twaansksnot
to
afford a statement of the reduction made for rebate
of interest,
mfoigr whthtaerbi
dre accounts
tooonsnext
xd considered
eexhibited
a year'ss
aewlashroriciaehddded to the reserve fund,
.now amouite.d,
to £3,100. The notes in circulation, deposits,&c.,
in z5,23:
ati on
gatgeneralhe £12,000
dividend
of
practice6to
be •
to £145,000,
eneehlianstefreraesperdesented £95P‘6,01:110c ^:ictuainfuDrteheeermibnecrrei.
accounts from the Cape stated that , £2,000 was
ihnadjbu
meat had taken lace and since then the
£182,000. The lace, the total now being
000
capital,
had resolved to raise
necessary sanction,
which,anwderheatvoinbge
appropriated
diattehde
anothers,O shares,il °4' ,000 of pt ihaey now proposed to issue
to the shareholders, in proportion of one new share
for every five old shares, and that the price be at
the rate of £24 per share. The 1,000 remaining
shares to be kept for the benefit of the bank. A dis-
cussion ensued, the majority of the shareholders
contending that the whole of the proposed new
shares should be issued to the proprietors at par.
A compromise was afterwards effected, and a reso-
lution carried limiting the proposed new shares to
£22 each.
_____----_—_!_-----

~.----.__.____T---"-----------
sotnreteitaa7
tihthe
THE MURDER IN ST• GlLEs'o.—ln consequence
of the statement appearing in the papers that the
body of a man, supposed to be the murderer of Emma Jack-
son, had been discovered floating in the river off Sc. Kathe-
rine's Dock, Inspector Oarforth, of the E division, yester-
day to®k three or four of the witnesses who had been ex-
amined at the inquest to the dead-houbo of St. Botolph, Aid-
gato,for thepurposo of identification. On seeing the body they
all agreed in the opinion that there was nothing in the ap-
pearance that at all corresponded with the description of
enteredwoin twhiothhtohuesetriifiningGeeoxeregvet-i
deceased wore a pair of side-spring boots
body was so far advanced in decomposition, and :1, il()
theth e unfortunateta who
altogether of such a sickening nature, l-- the sight
females bad to be conveyed home Kith that one of t
LI, the utraf.i. be
"'" bP6fld.