The Sun.
London, England, 1836-11-24 00:00:00

AGRICULTURAL AND COMMERCIAL
BANK OF IRELAND.
Board Room, Fleet-street, Dublin, 15th Nov. 1836.
At a Special Meeting of the Board of Directors, the Right Hon.
the LORD MAYOR in the Chair;
Resolved—That having paid in Dublin for Notes and Orders,
since the Sd day of October to 14th November, upwards of
537,0001., and the Provincial Bank of Ireland having on yesterday
(Monday) presented upwards of 11,0001. for payment at the Royal
Bank of Ireland in Not and Orders, and the Bank of Ireland
having presented Drafts and Orders for upwards of 10,0001., the
Board being deprived of the assistance of any of those Banks, con-
sidered it would be useless longer to struggle against a combina-
tion of circumstances which, added to the peculiar crisis in the
Money Market, rendered it essential, for the benefit of the Share-
holders and welfare of the country, to suspend the Exchanges in
Dublin until the circumstances which led to the sudden pressure
on the Company, during the period mentioned, shall be fully in-
quired into and ascertained.
Resolved—That is but an act of justice to the Bank of Ireland
to state, that during the past week they gave anxious attention to
the representations of the Directors as to the claims of this Com-
pany upon them as the chartered Bank of the country, for assist-
ance at a crisis requiring their peculiar attention, and the Com-
mittee are convinced that had the state of the Money Market per-
mitted it, the Bank of Ireland would have rendered such assistance
as would have enabled your Company successfully to withstand the
press upon them, without any cessation of ordinary business in
Dublin.

Resolved—That the assets of the Company are abundantly ample
to pay all the demands upon it, and to leave the paid up capital of
the Company untouched ; but tho:lapse of the month will be neces-
sary to allow the Bills falling due to come in, and thus enable the
full discharge of the Company's liabilities.
Resolved—That the National Bank of Ireland have, during the
recent pressure, displayed a very laudable anxiety for the welfare of
the Country, and the sustainment of public credit. The Board of
Directors feel convinced that they will act in such a manner as is
becoming to a great institution, acting for the welfare of the people.
That, viewing the Joint-stock Banks, consisting of numerous and
solvent partners, with large Subscribed Capitals, as intimately con-
nected with the prosperity of the country, we consider it the duty
of every well-wisher of Ireland to sustain their credit, and to rally
round them at this peculiar crisis.
That the prompt payment of the third instalment (as called up)
on the Company's Capital Stock, amounting to 150,0001., will at
once enable the Company to resume business, under cautious
limits ; and we, therefore, earnestly call upon the Shareholders, in
England, Ireland, and Scotland, to come forward, without delay, to
pay in their instalments, and thus promote the benefit of their own
property.
That a statement of the Assets and Property of the Company be
posted up at each Branch, for the information of the Shareholders
and the Public, who may be interested therein ' • and we earnestly
impress on the Noteholders, that the Capital of the Company is
untouched, and, independent of the responsibility of upwards of
5,000 registered Proprietors, present undoubted security for all ex-
isting claims.
That the Notes of the Company be received at the various
Branches, and in Dublin, in payment of any bills falling due to the
Company, and in payment of any Debts due to the Company—and
the public are impressively cautioned not to allow designing indivi-
duals to injure, by depreciating the value of their property.
That these resolutions be published and acted upon.
William Hodges, Lord Mayor, Mansion-House.
T. M. Gresham, Raheny Park.
Philip Jones, Dame-street.
James Dwyer, Lower Gardiner-street.
William Tilly, Lower Gardiner-street.
D. Taylor, Fitzwilliam-place.
John A. Palmer, James's-street.
John Chambers, Abbey-street.
Arthur L. Saunders, Killarney.
Being the Members present at the Board.
By Order,
WILLIAM MITCHELL, General Manager.