The Sun.
London, England, 1847-02-05 00:00:00

LONDON AND COUNTY JOINT-

-
STOCK BANK.
The annual meeting of the proprietors of shares in this
company was yesterday held at the London Tavern, Bishops-
gate-street, for the purpose of receiving the report of the di-
rectors, a declaration of the dividend for the past year, and
the re-election of three directors in the room of those who
retired by rotation, and also for the election of an auditor in
the room of Mr. Barret, who had retired on account of ill
health.
The meeting was numerously attended, and the chair was
taken by W. Hawes, Esq.
The SECRETARY having read the advertisement convening
the meeting,
The CHAIRMAN said that it was his pleasing duty to inform
the meeting of the very favourable state of the affairs of the
company, and of the success which had attended the efforts
of the directors in the exercise of the discretion vested in
them, and that the affairs of the company, whether he
looked at the number of customers, or the balance of their
accounts in the hands of the bank, were of the most en-
couraging nature. The reserve fund amounted to the sum
of 26,000/., an amount fully equal to the proportion of
the capital of other banks, amounting to 11 per
cent. The reserve fund of the London and West-
minster Bank was 11 per cent. on their capital.
eLondon Joint-Stock was 10 per cent., and the Union Bank
per cent. It was impossible, however, not to see that there
ould be some difficulty is the monetary matters of this me-
ropolis in the course of a few months. Itlwas only by fore-
seeing these difficulties, and carefully providing for such con-
tingencies, that those difficulties are to be met and over-
tome. Beginning with the Bank of England, and down to
all the other joint-stock banks, he believed that all of them were
carefully preparing to meet the drain arising from the extraor-
dinary demand, which was likely to be made in order to obtain
a supply of food for this country and Ireland, and he thought
that the proprietors might look forward with confidence, that
in the time of pressure and high rate of interest no difficulty
would be found among the banking interest of the metropolis.
It was confidently considered that there were ample means
to meet all the engagements which were likely to arise, in
consequence of an increased demand for accommodation to
meet the perhaps unfair exportation of bullion which would
be required to be sent out of the country. He should be
happy to give any further information upon the details of the
past year to any gentleman who might require such
information. With respect to the loss which the company had
sustained in consequence of the retirement of Mr. Barrett,
the auditor, on account of ill health ; and he hoped that the
gentleman, who would be appointed in his place, would ful-
fil his duties in as satisfactory and honourable a manner as

his predecessor had done.
The SECRETARY then read the report of the last half-year,
from which it appeared that the directors had received the
payment of a dividend of 6 per cent. (free from income-tax)
for the half-year ending 31st of December,lB46, and that the
surplus of 1,844/. 17s. 7d., remaining after the payment of
the dividend, shetild be carried to the credit of the reserved
fund of the company, thereby raising it to the sum of
22,2421. Is. 11d., making an increase in the past year in that
fund of the sum of 3,958/. 4s. 7d.
The report having been unanimously agreed to, it was
proposed and carried that a dividend of six per cent. should
be declared upon the past year.
On the motion of W. JOHNSON, Esq., J. 11. Lance, Esq.,
was appointed auditor, in the room of Mr. Barret, who had
resigned, and also continuing Mr. John Donkyn, the previou
auditor, as auditor with him for the ensuing year.
Mr. CotAl.mourr proposed, and Mr. Ilrr.t seconded, a reso-
lution, authorising a sum, not exceeding 2,0001., to be set aside
as the remuneration for the services of the directors in the
ensuing year, which was also agreed to.
A ballot was then taken for the choice of three directors in
the room of R. Springbitt, Esq., J. C. Joyner, Esq., and S.
Jervis, Esq., who retired by rotation. The same gentlemen
were unanimously re-elected.
A resolution authorising the sum of 1,8841. 17s. 7d., to be
carried to the credit of the reserve fund, was also agreed to.
The thanks of the meeting were then given to the direc-
tors and auditors, for the able manner in which they had
performed their duties during the past year.
Thanks were also voted to the chairman for the able
manner in which he had presided over the meeting.
The meeting then broke up.

BORDEAUX, TOULOUSE, AND
CE I'TE RAILWAY.

An adjourned meeting of this company was held yesterday
at the London Tavern, to receive the report of a committee
appointed at a former meeting to inquire as to the liability of
the shareholders to pay two shillings per share, in order to
enable the directors to obtain their constituted shares. Mr.
David Salomons in the chair;
The report of the committee was read, which stated that
the shareholders were neither in law or equity liable to
pay the demand made upon them.
The report was then adopted ; and it was resolved that
the shareholders should pay one shilling a share to obtain
the constituted shares, and to promote amity among the
shareholders.
Mr. FIELD then submitted a resolution that the directors
be empowered to consider the expediency of abandoning or
continuing the undertaking, and to report accordingly to the
shareholders, which was agreed to unanimously.
The meeting then separated.

PETITIONS ON PRIVATE BILLS.
HOUSE OF COMMONS.
(Room 22, before Mr. Examiner Smarr.)
UNOPPOSED LIST.
In the following unopposed cases the customary formal
proofs were completed, and the standing orders complied
with :
Caledonian Railway.
Glasgow, Garnkirk, and Coatbridge Railway (with a Branch
to Glasgow) and Station.
OPPOSED LIST.
MIDLAND RAILWAY (SHEFFIELD, BARNSLEY,
DONCASTER AND GOOLE LINE.)
This adjourned opposed case was then gone into, and at
the close of the inquiry, it was found that the standing orders
the country ; the iffiPoAti.on being poglialedlititioTinorrow :
Wishaw and Coltness Railway (branches to Auchsnheath,
Nrineralfield, and Cauderside), Caledonian (Edinburgh sta-
tion, &c.), Caledonian (branches from the Clydesdale Junc-
tion, &c.), Caledonian (extension of the Motherwell branch
of Clydesdale Junction, tsc.), Caledonian (branches to Ca-
nobie, Langho!me, &c.), Caledonian (branch across Clyde
and Glasgow station ), Caledonian (lease of part of Glasgow
Dumfries and Carlisle Railway).
The Examiner rose shortly after four o'clock.
(Room 23, before Mr. Examiner Mar.)
There were no unopposed cases in the list to-day.
CORNWALL AND DEVON CENTRAL RAILWAY.'
This adjourned opposed case was resumed. In the course
of the day several allegations were sustained. They had re-
fereace chiefly to defects in the levels, plans, and sections.
and inaccuracies in the books of reference.
The result of the inquiry is looked forward to with a great
deal of interest, the contest being ostensibly between the
South-Western and the Great Western Companies.
The case was farther adjourned.
GREAT NORTHERN RAILWAY, ISLE OF AXHOLME
EXTENSION.
The formal proofs were taken in this opposed case.
The Examiner then adjourned till to-morrow at ten o'clock.