The Sun.
London, England, 1836-05-02 00:00:00

BANK OF IRELAND.
rroAtr.
,the HALF-YEARLY GENERAL MEETING of the
a., ,etors, held at the Company's House, 63, Fleet-street, on
'' PdaY, 15th April, 1836
It vc."
~
„„, moved by WILMA M RAMSAY, Esq., of Sligo :
Chair That Alderman HODGES, Lord Mayor Elect, do take the
the Chairman,
kliteliell, the General Manager, having been called on by
... read the Report, which will be found in the Report
of the proceedings.
M°l.cd by WILLIAM TILLEY, Esq.. seconded by THOMAS M.
RESAM, Esq.
2. That the Report he G
received and adopted.
Al,
sod by THOMAS BELL, Esq., Belfast, seconded by FRANCIS
Davis, Esq., of Enniscorthy ;
:I'l. That we approve of the recommendation of dividend therein
I;4s;neqe,d, and that the same be declared at the rate of five per
ti___ • that, the dividend be paid pursuant to the rules and regula-
ituen °f the Company, according to the period of subscription by.
5. .Anl Proprietors respectively.
"e'l by JA 3IES DWYF.R Esq., seconde.l by PIERCE CARICK,
iR
Esq., of Ennis ;
4. That the Irish Proprietors resident out of Dublin, and not
Within twenty miles thereof, ba allowed to vote by written proxies,
Yoder suers regulations as to same, as are usual and proper in such
ease,.,
Ar
"ed Lv Thos. M. GRESHAM, Esq., seconded by D. AVAIL% NI ,
6.!?• Tliat lists of persons qualified to vote, also of persons quail-
; 5,7 to Le elected on the Committee, be published and distributed
f .aa
, t the proprietors, tea days at least -previous to each general
ie ol igsction'
kJ
ted by JAal ES LOMBA un, EN., of Cork, seconded by RAE-
• That proprietors 6
tl ..g, of Roscommon, Esq. ;
' holding the requisite number of shares for
•ee runth. previous to each general election be eligible for such
\ IV'eti.,l, in lieus d room of six months, as in the present regulation.
__. .toved by Hum; Esq., seconded by PATRICK KELLY, Esq.,
of Tuam ;
- ,1. That it he lawful .for the Committee to nominate one or more
(nut: exceeding three) of their hody, to be attending and consulting
ilireetors, to attend daily in conjunction with the :Manager at Com-
Llittee over and above the ordinary and usual attendance of the
'l'ernbers of Committee, for such period each day as may be requi-
,.. 81te and necessary for the correspondence, &c., of the Company,
red
4n With such remuneration for such extra attendance as may be
. •
i'z'orlable and proper.
"°°ved by THOMAS M. GRESHAM, Esq., seconded by PA UL
Twica, Esq. ;
,8. That the sum of 1,000/. be placed at the disposal of the Corn-
letee, for their very valuable services rendered to the. Company.
loved by 1-lExitv O'MALLEY, Esq., Castlebar, seconded by
ARTHUR SAUNDERS, Esq., Killarney;
9. That the payment allotted to Committee do not exceed 2001.
Zr...fit to the Chairman, and 1001. per annum to other mem-
3, according
LM to their attendance.
°ved by WIA M O'M A LLEY, Esq., of Kilboyne-house, Cas-
tlebar, seconded by Dr. WHITE ;
, 19. That the warm thanks of the Proprietors are due and hereby
the affa
"n te: the Consulting Committee for their zeal and attention to
.A s of the Company. t '
I°Ved by Arthur SAUNDERS, Esq., seconded by John VANcE; I
Esq., of Belfast.;
i 11. That the special and warm thanks of the meeting be given to
anitv Dvrver,Esq., for his untiring zeal and devotedness to the in-
-11 of the Company frome commencemen.
' oved by PHILIP JOgES, Esq., seconded byt WALTER WHIT;
Esq, Town Major of Dublin ;
1. That the warm thanks of the Proprietors are due and hereby
h ven to the General Manager, William Mitchell, Esq., for the ef-
theetive mkriner in which he has discharged his duties, and for the
Zr'wearied attention bestowed by him upon the Company's affairs,
rl_.(l which have eminently contributed to the success and growing
Sillerite of the Company.
°e",l ii% JOHN CHAM HERS, Esq., seconded by THOMAS
MoorcEr, Esq.
t„.,_13. T.,hat the sincere and warm thanks of the meeting be given
t• `oe Directors of the Country Branches, for the zealous co-opera-
.,)s° afforded by them to their Dublin colleagues.
,loved by TiiomAs MoosEv • Esq., seconded by Dr. Doss-writ ;
.14. That he Prorietos be invited to consolidate their 5/. share
1h5'251. shares geneprally,r but at the same time (although the Com-
s
t'l deem it advisable) such consolidation is to be perfectly volun-
ilY on the part of the Proprietors.
'°ved by .famEs DWYER, Esq., seconded by JOHN lIEwsoN,
Esq. ;
.25- That the warm thanks of tbe meiting be given to our
• ,-"ketised Fellow-Proprietor, Herbert Hardy, of Manchester, Esq.,
. , Clio to the Directors of the Northern and Central Bank of Eng-
., 11,--', for the manner in which they have joined the Company, and
e attaions exertions bestowed by them to advance its prosperity-.
110,,d i W. HODGES, Chairman.
---• uy: n'ILLIAM RAMSEY, Esq., seconded by JOSEPH BEA LE,
Esq., of Mountinelliek ;
fy;tl6• That Alderman Hodges do leave the chair, and that Francis
Ai. /4, Esq.,' of Enniseorthy, be called thereto.
,led bt WILLIAM JoxEs,Esq., secorthil by PAUL Twice, Esq.
)4:1• That the marked thanks of this meeting be given to Alder.
-11 Hodges for. his very proper and dignified conduct in the chair.
FRANCIS D A VIS, Chairman.
.....___4ORGE PRICE, Esq., London Agent, 71, Lombard-street.

.
AL 'RANK OF IRELAND,
PROSPECTUS of the -METROPOLITAN BANK 01

IRELAND

Yannot be denied since the establishment of the National
ta!':'a. of Ireland, even in so short a period, the system of credit has
ItaaMed a healthy extension. The Bank having stretched its
nehes into distrlcts hitherto without the range of accommoda-
t:, classes have felt its good effects whose efforts heretofore had
1,40. unaided. In no instance has an unprecedented share of
ccnfidence and support been denied the Bank. or has it
an_ead to sustain it by reason that its means have been at all times
1 t its undertakings. 'f hrough the confidence reposed in its
iZerations it has been able to commence the developement of the
Z:rees of the country, and to spread over a healthful surface of
cle,e7Yment the enlarged means which public partiality and eon&
• llsefe has placed at its disposal. In this way alone can a Bank be
the ud to itself or the community, who have the deepest interest in
4i It integrity of its transactions. The plan of the National Bank
tets eand is now so well understood, that it almOst seems unne-
a):3' to allude to it. Its profits are to be divided, with a local
Vrletory in each town where a branch is established.
ets%he guarantee it affords the public is a large and accumulating
roc
beeks'r a general capital, and to the shareholders in each local
eot.ti. ik confined to transactions over which they can exercise
Vital 'l'll. So that each bank, withoutreference to its own local ea-
-, t!sif i'.),17 availing of that supplied to it through the National Bank
Ititte'and is enabled to extend its operations both with profit and
atikle a great economy of capital. By this means a larger return is
on the investments in each bank than if left to trade on its
s 4`t'ins, and its liability is not increased beyond its own transac-
la order to obtain the most ample command of them. This
eiPle, with the regulation in each deed of settlement to dissolve
Company when one-fourth of the capital is lost, approaches
ai,etter to the security afforded by a 'charter than any hitherto de-
Nl4e ' and must, in roportion as this point is reached, enhance the
e°f each investmpent, notwithstanding the value as a working
eelle of the wide extension of shares of a denomination to in-
'as tl Lie moat thriftful of the industrious classes, yet the value of
stoes
1, As depends upon their being local instead of general.
gelitv 4 general stoat the wider its distribution the greater its lia-
allectrito depreciation, :rom the difficulty of uniting large and dill-
" lei sasses of shareholders to one general object, the dissatisfaction
'Pei "oduct of one or more communities must perpetually act
lat' hall the others who might be free from the same contingencies,
et'", must be expected a perpetual glut of shares in the mar-
l' th
As n ese communities might throw them off.
tarel,;`„) Wficient restraint could be devised on an interminable
Zee ti of partners, whereby the well-intentioned would be secured
_disposed and the number of influences to which human
'a subject,no than would be to embark his propertyso wise
'freilti".." reach of a powerful moral control, and although, from
, • of human nature, no system can be made entirely per-
3et
hear to an investment of this kind its value is in proportion to
el,„t the approach to it, and therefore the advantages of spreading
"titerbl'ares of a bank where the stock in general is entirely
Asa a armed by the insecurity it affords to capitalists.
Ls", :ral stock it would be more free from the action of these
-rarleh,si rworth would not depend on the misconduct of other
•elaset, put en the degree of steadiness and prudence in its ma-
'fits ;besides its security from general risk, would enhance its
ip the greater proportion. Thus each branch would gain or
rive ratio of its activity and good management, having only
'Mee in of ositive effects on to
nebours ; while the
hkelili
ood of good management over Lad where each corn-
alth,3, guardian over its own property, (the number of its
' 'haretiolcia large reserved fund and a compact and wealthy body
ef /„;_ra form the basis profitabley on which the National
rational
calculates on a return.
Dill ve Bank. of Ireland has been established more than
Pas..braurit_i!e, during which period it has formed 11 branches, and
s and "es. None of these are nearer the metropolis than 50
b., while the benefit of the mcst improved mstem of bank-
exer!! extended to these places, this important district has
ilaled ,
4111,,, With , containing 1,500,000 inhabitants, and 18 chief
teeopci
4:aleeialet_ioanipopulation of 90,000, and as many places, where
hal Tattled ! might be formed with advantage • yet. the means of
s limited to (three) existing bral'iches of the Bank of
Port: "elusive of Dublin. It cannot be supposed that such an
Th Leo dist
etti_ 0 t ict shall be much longer denied the support of bank-
..`" dation which is enjoyed beyond the excluded circle.
tltlpsProach to emancipation requires that not only Dublin,
-tt„ ',`_orriets should be called forth into a state of activity, so
iiktN uld avail themselves of an approaching era, which can
fselonat ,a," one of greater prosperity. In order to do this, the
tip."nannk_ proposes t afford the opportunity of
advanced position, by the immediate formation of a
flank in Dublin, ana which will fac.litate its other
tt
rot, extendieg itself throughout these anti' e districts.
Ved
adore which the Metropolitan Bank is (presently) to be
ailartna`.its operations to extend to loans, discount, and
he_ to the
,rreceipt of deposits, and the application of large re-
tha to eiren, st. two of these objects, yet the extension of its pri-
es
e_ e aiet Illation must naturally increase its profits.
ttsenee,. Metro Bank of Ireland will be a distilet bank, but
the the National Bank of Ireland, as head branch,
las,;•"‘:o it -•tilto lid of the surplus resources of the entire country in-
as ereh3', cannot fail to he dulya appreciated as a matter of
as a
point of union, from whence an invigorated
Vibesti independence must flow and in other respects
I'4'l. C ness will be.adopted
which will
security with libe-
-41,4,n ~.orAmirs ant) conditions of which will be learned upon ap-
t the wise, • Copland, at the_office of the National Bank of
slate_ eapi„, otters for opening accounts will be received.
‘ll4 or, ~,,11.°f the Bank is intended to be 2 000 000/ •❑ eeei 'is ter met , , ~ in -
slike nes earls
a deposit of 2J. 10s. will be paAyablilienii immediately,riuimbcr
's shall not exceed per cent
tAilei allocated tothe2)principal *ports of England and
rt,s of e•afions to be addressed to C. Copland, Esq., Na.4alkhane porcland-office, 53, Dame-street, Dublin ;to Messrs.
tip,,_e,s of
.42, Dame-Areet, Dublin ; to any of the
Ilan National Bank of Ireland ; the Directors of the
Vklot,f Ireland, 39, Old Broad-street, London ; and to
.Nt Cota.'ng Bankers :—Messrs. Ladbroke and Co., bankers,
tzt mereial Bank of Scotland, Edinburgh and branches ;
I..:4l;o4kao72sor:inaultuided South Wales District Bank, Bristol ; W.
14,1 a; th Liver 0 1 "
rs. eld ; J. W. and C. Rawson, Halifax;
"NI rta„k Pot° Liverpool ; the Leeds Banking Company,
otk 11,01011 th fancheetete Manchester ; Grants, Gillman,
Urn rianktinfgLOCSkoemnp,aAnyl7ifogrklth, and Co., Preston ;