The Sun.
London, England, 1847-01-14 00:00:00

LONDON JOINT-STOCK BANK.

(THIS DAY.)
A general meeting of the shareholders of this institution
was held to-day, at their offices in Princes-street, Bank, at
twelve o'clock, which was very numerously attended.
Mr. ORMSBY GonE, M.P. was called to the chair, who
briefly addressed the shareholders.
The report stated that the net profits of the last six months
were 31,580/. 175., and that the guarantee fund had been sup-
ported at the agreed sum of 120,000/., according to the deed.
In addition to the usual dividend, a bonus of 2s. per share
was recommended by the directors to be divided among the
shareholders. Beyond this there would still be a small sur-
plus of 7,80/. 175., to be carried to the guarautee fund. A
balance of profit carried to account, 52,3261. 19s. 7d. The
amount of the guarantee fund previous to the present addi-
tion, is 120,117/. 14s. 3d.

Messrs. Curling, Foster, Taylor, and Meek, were elected
directors, and a ballot was demanded in favour of Mr.
Valentine Knight.
Thanks were voted to the chairman and the directors, and
the meeting adjourned for the ballot.

ADVANCE IN THE PRICE OF
BRITISH SPIRITS.—(THIS DAY.)
A public meeting of the licensed victuallers of the metro-
polis was held this day at the Crown and Anchor Tavern,
for the purpose of adopting such measures as might be con-
sidered necessary to meet the advance on the price of British
spirits made by the distillers. Mr. George Smith, of Sloane-
square, was called to the chair.
The CHAIRMAN said that the advance in the price of
spirits by the distillers had been so great that it would be
impossible to continue retailing them at the present prices,
and it was therefore necessary that some uniformity of price
should be adopted, in order to place themselves right with
the public, at the same time that they protected themselves.
An advance of is. 9d. on every gallon of gin had already
been made, and a resolution had been framed which, he
trusted, would meet it. But the advances were not confined
to British spirits, for rum, because deficient in quantity, was
increasing in price. He mentioned these facts to show that
they were driven by circumstances to increase the prices to
the public.
Mr. HOMER, in-moving the first resolution, that the price
of gin be advanced one shilling and fourpence a gallon, said
he believed that if Government would relax the present ex-
cise laws the result would be not only satisfactory to the
dealer and the public, but would be found most advantageous
as respected the revenue of the country.
Mr. Yourre seconded the resolution.
Mr. MARRYAT moved, as an amendment, that the mini..
mum price be 9s. 4d. a gallon, which being added to the
original words, the resolution was carried unanimously.
On the suggestion of the Chairman the rise was' deter-
mined to take place on Saturday.
Mr. HOLLEBONE moved the second resolution, that no
rum be sold under 4%d. per quartern.
Mr. STANDON seconded the resolution.
Mr. Jonts, of the Two Brewers, Borough, moved as an
amendment that the price be od. per quartern.
Mr. -Fox, in supporting the amendment, said that it was
somewhat singular, that while " rums" were rising to the
retailer, they should lower the prices to the public. Such a
course might suit those gentlemen who :stuck great bills in
their window promising gin at ls. 4d. a bottle, when others,
and he among the number, could not sell the same article
under 2s. True, the difference might be that the latter par-
ties did not poison the public.
Mr. HowELL, of the Savoy Palace, followed in support of
the amendment, and the original resolution was carried thus
—" That:ram be raised in the same proportion as gin," and
the rise to take place on Saturday.
Thanks having been voted to the Chairman, the meet-
ing broke up,