The Sun.
London, England, 1853-07-22 00:00:00

THIRTY-SECOND REPORT OF THE

LONDON JOINT-STOCK BANK.
At a General Meeting of the Shareholders, held at the Ralik,
ing House of the Company, in Princes-street, Mansion-house, on
Thursday. July 21, 1853,
WiLLIAM MILLER CHRISTY. Esq., Chairman.

Alderman Sir JAMES DUKE, Bart., M.P., Deputy-Chairman.
DIRECTORS.

William plount. Est. Sir Richard Jekirips,
'Alterman Sir-STage-Car-1;61r William J. Lancaster, F.aq.
William Miller Christy, Esq. Sir John M'Taggart, Bart., M.P.
Alderman Sir J. Duke, Bt., M.P. George Meek, Esq.
George Holgate Foster, Esq. Ambrose Moore, Esq.
Franc's Bennett Goldney, Esq. John Timothy Oxley, Esq.
Wm. Ormsby Gore, Esq., M.B. George Scholetleld, Esq.
Henry Brace, Esq William Shadbolt, Esq.
Archibald Hastie, Esq., M.P. George Tayler, Esq.
TITE MANAGER—George Pollard, ESq.
SOLICITORS —Messrs . Tilson, Clarke, and Morris.
The following Report was presented :
On presenting the half-yearly accounts, the Directors are happy
to have it in their power to report the continued progress of the
business of the Bank.

It will be seen that the net profits of th 3 half-year are 31,540/. 35.,
out of which sum the Directors propose to make a dividend for the
half-year after the rate of Si. per cent. per annum, and to carry for-
ward the remainder, viz. 7,540/. 35., to the credit of profit and loss
account of the next half-year.

The Directors have had under their careful consideration the sug-
gesti ,ns made at the last meeting of shareholder.; respecting the ex-
pediency of placing some restriction on the amount to which the
Guarantee Fund should be allowed to attain, and they have conse-
quently determined to divide annually in future the whole of the
net profits amongst the shareholders, and not to put to that fund any
part thereof, excepting such fractions as it may be impossible to
divide : so that henceforth the only additions to it will be interest
after the rate of three per cent., as required by the deed of settle-
ment ; and when they consider the important objects for which this
fund was established, and that for the attainment of those objects a
resort to the reserve which it' provides may be occasionally neces-
sary, the Directors trust that this arrangement will be satisfactory
to the shareholders. -

While calling the attention of the shareholders to the duty they
have this day to discharge, in filling up the existing vacancy in the
direction, the Directors wish to avail themselves of the oppo-tunity
of expressing their sense of the great worth and highly honourable
charac'er of their late colleague, William Curling, Esq. ; and the
shareholders will, they are sure, participate with them in a feeling
of regret at the loss which the Bank has sustained. The only can-
didate to supply the vacancy is Philip William Flower, Esq., who is
duly qualified, and has given the requisite notice-a.
The dividend will be payable on and after Friday, the 29th inst.
The preceding Report having been read to the meeting by the
Secretary, a dividend for the half-year ending the 30th June last,
after the rate of 81. per cmatum per annum was declared by the
Chairman.

Resolved unanimously,—That the Report now read be received
and that itbe printed for the use of the shareholders.

The Chairmin then declared the meeting to be an Extraordinary
General Meeting for the purpose of electing a Director, in the room
of the late William Curling, Esq., and stated that the only candi-
date was Philip William Flower, Esq.
The question having been put to the meeting, Mr. Flower was
declared duly elected a Director of the Bank.
Resolved unanimously,--That the cordial thanks of the meeting
be given to the Directors fur the excellent manlier in which they
conduct the affairs of the hank.
Resolved unanimously, —That the thanks of the meeting be given
to George Pollard, Esq., for his able management.
(Signed) WILLIAM MILLER CHRISTY, Chairman.
Extracted from the Minutes,

F. HEWETT, Secretary.