The Sun.
London, England, 1865-07-20 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The Bank of England directors have not deemed
it necessary to make any alteration in their official
minimum. The recent outflow of gold, the small
amount of the arrivals, and the increase in the de-
mand for accommodation, led most people to expect
an advance in the rate this morning. All the dis-
count houses were prepared for a change, but as it
has not taken place, business will no doubt resume
its ordinary course, and brokers be more inclined to
negotiate bills at a fraction below the current prices.
The inquiry is not very large, as many are waiting
till they can obtain assistance upon less onerous
terms.

The gold taken from the Bank yesterday was
£19,000.

The report of the Scottish Australian Investment
Company, to be presented on the 29th inst., recom-
mends a dividend at the rate of 10 per cent. per
annum, which will absorb £10,166 and leave £4,403,
of which £3,000 is to be placed to a suspense ac-
count and £1,403 is to be added to a reserve, raising
the latter to £8,685.
The biddings for £250,000 in bills on India
took place yesterday afternoon at the Bank of
England. The proportions allotted were—to
Calcutta £177,600, to Madras £22,400, and to
Bombay £55,000. The minimum price was as
before, Is. lOid. on Calcutta and Madras, and
ls. 104 d. on Bombay. Tenders on Calcutta and
Madras at is. 11-ad, will receive about 54 per
cent., and on Bombay at 2s. in full. These re-
sults show no material alteration in the demand
for means of remittance to the East.
The half-yearly report of the Peel River Land
CeTpany, to be presented on the 28th iost.,,
coral/lends an interim dividend of 11 per cent.,
Which will absorb £9,000.
The seventh ordinary meeting of shareholders of
the Metropolitan and Provincial Bank was held to-
daY. The report stated that "in accordance with
the views expressed by the proprietors, at the meet-
ing in January last, a change of management was
effected in March, and the progress of the business
has since been satisfactory : many new and valuable
accounts having been secured for the bank. The
compensation of £2,500 paid to Mr. John Burton,
the late manager, for the unexpired term of his en-
gagement has been charged to the reserved fund.
The profits for the past six months have been
absorbed by losses incurred previously to, but not
ascertained at last audit ; and the directors regret
that no dividend can therefore be paid on this occa-
sion. They have, however, full confidence that a
rnore encouraging result will be exhibited in next
account.,,

At the half-yearly meeting to-day of the share-
holders of the London Joint Stock Bank, the report
presented stated that the net profits for the six
Months, ending on the 30th ultimo, amounted to
£123,125 15s. 3d. This result enabled the directors
to declare a dividend, at the rate of 12i per cent.
per annum, and a bonus of Bs. 3d. per share, to-
gether £1 7s. per share, equivalent to 18 per cent.
per annum on the paid-up capital of the bank, now
amounting to £1,080,000, and to carry forward a
balance of £25,925 158. 3d. for division at the end
of the year.
In conformity with the resolution passed at the
general meeting in January last, the Consols and
e'sv
3 per cents. have been taken at 90, and the
'lchequer Bills at par. The difference between
these rates and the valuation of those stocks on the
31st December last amounts to £7,075, and this sum
has been carried to the credit of the guarantee fund,
which, with the addition of six months' interest,
according to the provisions of the deed of settlement,
cv amounts to £309,615 7s. 9d. The dividend and
°onus, free from income tax, will be payable on and
after Friday, the 28th inst.
The directors of the St. John d'El Rey Mining
Company (Limited) have received the following re-
Port, dated Morro Velho, June 17, 1865 :--Produce
for May 44,220 oitavas, cost £10,519, profit £.6,006.
681 oitavas, yield
Produce 11. days of June 13,
7.848 oitavas per ton.