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 26,0001., 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.
lit London 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 in the monetary matters of this me-
ropolis in the course of a few months. Itywas only by fore-
seeing these difficulties, and carefully providing for such con-
`ingencies, that those difficulties are to be met and over-
tome. Beginning with the Bank of England, and down to
all the otherjoint-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 pressdre 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 appoip. ted in his place, would ful-
fil his dutie,, in as satisfactory and honourable a manner as
his preiccessor 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, should 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 3,9581. 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. JimNsoN, Eeq., J. H. Lance, Esq.,
was appointed aulito-, 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. Coi,Quitoubt proposed, and Mr. HILL seconded, a reso-
lution. authorising a sum, not exceeding 2,0001., to beset aide
as the remuneration for the services of the directors in the
ensuing year, which was also agreo 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 reelected.
A resolution authorising the sum of -1,884/. 17s. 7d., to he
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 fTE RAILWAY. _ .

- -
An adjourned meeting of this company was he'd 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 resolvel 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.

RUNNING MATCH.—Wednesclay the match between
Williams, of Tottenham, and Slater, of Westminster, who
were to contest a quarter of a mile of road for 10'. a side,
came off on Wandsworth Common. At the start, Slater took
the lead, his adversary lying close up till within forty yards
of the winnin;;;-post, when Williams shot out, passed his op-
ponent, and ran in a winner by two
accom-
plished the quarter of a mile of road iu one minute and forty-
nine seconds. yards, having