The Sun.
London, England, 1847-05-22 00:00:00

43.200 0 0

Leaving a balance of £it,723 10 4
To which there has since been added the
amount of nett profits for the year ending
on the 27th, being the last Saturday of
March. 1847, after deducting property-tax
and all expenses, and providing for all bad
and doubtful debts

Making the rest, or amount of undivided
profits, at the 27th March, 1817... ...... .....£126,196 12 1
In this state of the bank's aff.irs, and five years having
elapsed since the proprietors had any participation in the
reserved profits, which have during that time been gradu-
ally accumulating, the directors feel themselves j..:stitied in
appropriating a portion of the present reserve, and they have
therefore the satisfaction of announcing it to be their in-
tention to pay in July next a bonus of 11. on each 1001.
share, and Bs. on each 101. share of the capital stock of
the bank, in addition to the usual half-yearly dividend of
four per cent., which will make the sum to be then paid
W. on each 100/. share, and 16s. on each 10/. share, for the half-
year ending at Midsummer next; and the directors purpose
also to pay the property-tax for the proprietors as heretofore.
(Signed) "ROBERT CAMPBELL, Chairman."

The Bev. FRANK HEWSON said he believed—and he was
sure it was also the belief of every other proprietor—that the
management of the bank during the last eventful year did
the greatest credit to their board of directors and to the other
officers of the establishment. lie could state from his per-
sonal knowledge of Ireland, and from what he bad read in
the newspapers, that no company could have exerted itself
more for the relief of distress than the Provincial Bank of
Ireland had done of late; and it was a most gratifying fact
that after a year of such an awful character the nett profits of
the bank should be greater than they had been during the
preceding year. He thought they were very much indebted
to the preent board of directors for their successful efforts to
advance the prosperity of the batik; and he was sure that
the ha idsome manner, iu which they had come tot ward on
that occasion to.propose,a bonus -nuuss meet with the appro-
bation of every proptietor-7(1.-lear, hear.) lie wished to
take that opportunity of putting a question to the chairman
with respect to the withdrawal if the branch at Carloer It
had been stated last year that the brancli a 7 Lurgatt Ilan
been withdrawn ; but, as Ltirgan was aoinsigititic,!:t place.
that statement had excited h. surini ,e.. Carlow, too, ever,
was a proniinfous town, Stir oui)dozi tiy a rich agricultural dis-
trict ; arti, althott4h he telt toe • utmost ciqi,lence io tacit
board of directors, be wished to anket ili, chat: ton it 'tie
could ttive any explanati(ol with re,,•ecr t, :Ne wt,i,dr n.we,l
of the branch of meit hank tr.int ;hat. ton, it ?
The CHAIRMAN ..,tid tit :I Ih 41, ,C• •.r
.4 17,01 1).! 11 jtrZl i.t.,
AlPiii,So that t;arli)W ref Illi: ed fur; ta.: b i, Ai ~,- i,,i:i;_4ll+:4. ,zt.::
t!1)' had therefore est.,liii• hi.nd -t firm :!,• •t . 1* i4ft4lBi
tuuiltt by experience VIA th,,l. i. n i., <111,•.' ,r."l ,:,;',' T4il irk„.4l,
and as it had re vet been fn it policy t 0 I,t ro '‘. .trio eiWs
iiri a district of w!.,icii th,n, w oii, ~ ~,,,.. .i,i ~.. ,y .Au t. 4, ,a}o,
rail satisfactorily slipi,li,.:!, 'hvy 1,. '•,,,i,. : ---q*ercti vii 16
'.i-a.,,Y their eirt ), 1-, .1:.:•,. :.. :-•: 7 ', :. i . „ , lelMt 41 11440

' clur',11;11:,

:

• ;ken place the ;b:
ef
o: :ley. Al,- ia.
~a; quite, sate,f..e. it •.!et Bank
-f I-land had eusu,, to • •••,'SS
tjarlow doing the p- i d w:. • !,.)ty in
all towns so 'tear Dt.utin, •:, • •W no
opening there for another bank. Li
:hat that was the case.] He shoula net tle;ai • the meet-
ing further than to propose that The report just read by
the secretary be adopted, and circulced among the pro-
prietors."
Tile motion, having been seconded, was put from the
chair and unanimously agreed to.
The Cliaiamax said, he could not allow the moe'i.,g-
to
separate without addressing to them a very tea
the first place, he thought he slioulu be ailing 0
iia great
inittstice to those officers of the batik tv whom t its pit.,
k,:
was in a great degree to be attributed, it he di, nut a 1., that
opportunity of expressing his gratitude, and the gratitude',
he believed, of all his colleagues, fOr the zealous and efficient
services of those gentlemen.—(Bear, hear.) He did not
with on that occasion to particulari,e too ma y of them, and
he would therefore only refer to the services of the three
principal officers of the establishment, Mr. Murray, Mr. Raw-
lins, and Mr. Hewat. He had no hesitation in saying that
he did not believe there was an establishment in the kingdom
which possessed more admirable officers. than those three
gentlemen. The exertions of Mr.:Murray were almost be-
yond belief; and the only fault the directors of the bank
found with him was his earnest anxiety to do with one head
and with one pair of hands the duties of several.—(Hear.)
Mr. Rawlins had been a member of the establishment ever
since its formation, and for him every member of the board
of directors felt the utmost respect.; while his attention to
business had been to the proprietors of the highest import-
ance.—(Hear.) Of Mr. Hewitt, who sat beside him, he could
only say, as he was then present, that his business had very
greatly increased—that in indefatigable zeal and industry he
could not be surpassed, and that every day added to the
respect entertained for him by the directors. He bad
also to state that to their local officers, in this trying year,
they owed much, and that those gentlemen had their most
cordial thanks. It could hardly have betn expected that,
with so many branch establishments as they had, their
officers would have escaped the ravages of that fatal disease
which prevailed, throughout Ireland, and he was sorry to
have to state on that occasion that Mr. Mackenzie, one
of their most useful and respected - managers, had
lately fallen a sacrifice to fever. That gentleman was
a person whom they all esteemed; he
.had been in the
service of the bank since the year 1828; he had been
'for some time an inspector, and then, at his own desire, had
been again appointed a manager in Waterford, where he
had been acting to the entire satisfaction of the directors, and
where he had unfortunately latch fallen a victim to the
fever which was raging throughout Inland. He had loft a
widow and eight children, with the early expectation of a
ninth; and he (the Chairman) believed he need hardly say
that the directors would consider it their (buy to take into
their consideration the situation of that family.—(Hear, hear.)
Leaving the melancholy topic, he would next observe that it
might appear extraordinary that; in such a year as the pre-
sent, the directors should propose that a limos be given to
1,- ()U-
--OU_L
the proprietors. In the first place, however, I .ie h I 1
sarve that there was no rear, he believed, in which a bruins
would be more aceelf,abie.—(llear, and lau..h,er-) Io the
next place, he should state that during the five years during
which the proprietors had patiently waited for a bonus, the
reberve tund, out of which it was to be paid, had I:cone on
vase
dually inerea;ing; and after the bonus was paid, the re ..1,
twit would amount to about 101,00(1/., whereas aft,,,
last been paid tI; reserve fund ha:: _
about 93,000/,, or 11,(Y-101. less. He had fort
terve, that it had been glair sndeavotic throughout • ,:
,
to give every accommodation in Ireland that could be. fault
expected frinn them. Hs had no hesitation in ',l7c,'"t!:-:
that
the amount of accommo:latiea they had
during the Yeatir ill Ireland had cottsitleraLl:l7
which they had been able to give IN
been
c: e: deAdttitliet
same time he was sure that every gentical.:o
an establish-
see that
when it became expedient necessi:Lre
.? of all looney
went like the Bank of England—the
.s:t
transactions in the kingdoin—to
hoves eitila,e,tahnetroeuenttaioljuiht-s
accommodation to the public, it
ments, which must necessarilybebeuidoeadche3;ttltne ienxotveeinitiettihtes
of the Bank of England, to folio
cautious policy of that bank.-- (Ete ir, bean) It could,
therefore, have hardly been expected that the managers of
the Provincial Bank of Irelan should not have been in some
heck on what they corik;.l, red
instances forced to place a c „
undue speculation.—( Hear, hear.) • But they had eartir,tly
endeavoured to give, throughout Ireland, every accommo-
dation which they could afford consistently with a due
regard for the interests of the proprietors of the establish-
ment.—( Hear, hear.)
A PaerinETou said be believed that the exertions of the
directors during the year just paned bad exceeded them

tatieu 0i! .:I•er H., ,
ON t i

to ordy

to

exerlions on any former occasion. He certainly had not
calculated that their z,tl:4irs c. old have lk-en placed in so
ramperous a c.:intiti.,n bs the report had just made knoxn to
the nwet log. The directors had hitherto entitled themselves
to lne tila,,ks and the c4.nti;lence of the proprietors; and if
that h. d been the case in former years, those thanks and that
confidence were peculiarly due to them for their services dur-
ing the past year. Under these circumstances, he felt much
pleasure in proposing to the board of directors the cordial
thanks of that meeting for their great attention to the inte-
rests of the bank.—(llear, hear.)
A PnornrETou rose to second the motion. lie wished to
take that opportunity of mentioning a circumstance which
had occurred to hint in Paris. He had been at Rothschild's
—one of the head banking establistamnts in that city—
and on his inquiring there what was their opinion of the
Provincial Bank of Ireland, he had been told that they en-
tertained the highest opinion of the secure and wise manner
in which the affairs of that bank were conducted. Ile felt
very happy in seconding the vote of thanks to the board of
directors.

The vote was carried by acclair at ion.
The CHAIRMAN said, that, in the name of his colleagues
and himself; he begged to return the meeting their sincere
thanks for that vote. They had been fortunate enough ever
since the bank had been established to meet every year with
the kind approbation of the proprietors; and he could assure
the meeting that they would ende.ivcur to continue to de-
serve that appr.bation.
The Rev. FRANK lIEWSON proposed a vote of thanks to
the local directors of the bank, Mr. Murray, Mr. Rawlins,
and Mr. Hewat, for their zealous and efficient services. He
thought it desirable that such a vote should proceed from the
general body of proprietors.
Captain POSTER, R.N., seconded the motion. He wished
to take that opportunity of expressing a hope that any as-
sistance which their directors might think proper to atnrd to
the widow of their deceased manager in Waterford would be
afforded promptly. He could not help adding the expres-
sion of his high admiration of the great ability and the
sterling honesty with which the affairs of the Provincial Bank
of Ireland were managed.
The CHAIRMAN said he had much pleasure in assuring the
Hon. and Gallant Proprietor that his opinion, as to the pro-
priety of the directors at once taking into their best consi-
deration the case of the widow cf a deceased manager of their
establishment, completely coincided with the views of the
directors themselves upon the subject. He felt much plea •
sure in putting the proposed vote of thanks to the local di-
' rectors, Mr. Murray, Mr. Rawlins, and Mr. Hewat; and he
and every one of the directors were convinced that they de-
served it most richly.
The motion was then put, and unanimously agreed to.
The meeting immediately afterwards separated.

COURT OF COMMON COUNCIL.
On Thursday a Court was held. The principal business of
the day was mentioned in the court paper under the follow.
ing N. B.:—" It is intended at this Court to present the
freedom of this City to M.,jor-General Sir Harry George
Smith, K.C.8., agreeably to the rerolution of the 6th of April,
1846." The memb-rs appeared in their full-dress gowns, and
the gallery was crowded with ladies.
At ore o'clock the Lord vor took the chair, and imme-
diately afterwards the hero of Aliwal entered, introduced
Mr. Anderton and Mr. John Wood, the mover and second, r
of the resolution, am:dst loud cheers. Sir Harry Smith s:.,t
On the left of the

The Chamberlain of the Coy of London read the fillow-
log resolution Drat tLe thanks and congratulations ct
the Court, with the free,otti of tbi= Cit% , iu a AoA box of the
value of leo guinei4. he prvs,i:tt d to Sir Harry Crt-,•rge
Smith, for the entment hervices ;eikroi by bite in tin, ar-
duous and successful operations on tin. 18th, 2lsf, and 22,1
of Di.,ceintier, 1845, at 11, dlte,, and Fer,,z,-I,ah, d for ti:e
distinguiThed skill, valour, at.d judgme,t ht. ma”it,,sted
the idiv,rtant baths Ali4v;,l, on Hu, 28' It of *Lomat y,
1846, when a greatly superi, t,-ce (4' the. S.-,lc?. :tarty was
totally defeated, and increased lustie slitd upon the reputa-
tion of the British arum"

Sir Harry Smith wa then sworn in with the usual eere.
monies as a n of 1,,,,410n.

The CHAMBERLAIN lisviog addressed the Gallant Officer in
an appropriate and highly compliinswary• Spt ea, which was
much appisuded,
iARBY SMITH howev: 0, the ciowdel assembly, and
said—Nly Lorti iav and Gstdlemen t Omit- of Com-
mon he distinguished honour you have thus
conferred upon me in the name of the City of London, I
return you my most gratetid thanks.- To the elegant speech
in which your sentiments were delivered to me by the Ch-.m.
berlain it, is impossible fur me to reply paragraph by para-
graph, but I must say that the ternia in which I have been
addressed increase, it possible, my gratitude to this great
Corporation.— (Cheers.) It i, true her ..lost Gracious Majesty
has conferred iidon me high honours and distinctions; it is
true that Pardament has given to me a proud testimonial of
its approbation ; and it is true that at this moment I am re-
ceiving in this great city, which has been celebrated from
the days of Alfred for its gkrious spirit of liberty, the privi-
lege of its citizenship —that 1 am put in possession of the
freedom of a city which has never been trod upon by the
foot of a foreign enemy.—(Great cheering.) Freedom is the
first word we are taught to lisp in this mighty empire. Con-
nected With that blight principle are all the honours and ad-
vantages to which England lays so unanswerable a claim in
the comparison with other nations, and in this city are ex-
hibited the most authentic evidences of the effects of the
noble'principle which was framed for the protection of all.
—(Loud cheers.) It has been my fate to• see many
countries—to observe the institutions by which the machinery
of many nations is worked, and the contracted force of
their operation. There is. no human institution without
defects ;.. but England possesses so dignified a station,
the genies of liberty has poured in upon her so rich
a flood of benefits, commercial, moral, and intellectual,
that it is impossible to contemplate her without a.deep feel-
in pride and admiration.—(Cheers.) It is impossible to
behold her without pride and admiration, struggling to avert
the horrors Of war, to stop the effusion of blood.—(Great
cheering.) Let England continue to be but true to herself;
let her people flock round their Sovereign, with their accus-
tomed zeal and vigour and loyalty, and the prey-nce of a
foe will never excite alarm or apprehension. She will still
maintain her superiority at sea, and victory will still wait
upon the energies which necessity may call into
intention Action, sup-
ported by the John Bull rectitude of by •which all
her actions have been distinguished.-(Cheers.) I return
you thanks for this great honour. I return you thanks in
the name, too, of the army to whose exertions the success
which you are celebrating has been mainly attributable.
There are probably several members of this court Who have
relations amongst those lately engaged i r the operations
abroad. It Lois been toy fate to call upon the British soldier
to follow to victory ; and river have I know!, him to fail.
The. f-ar of detect never entered tee bosom of any one man
I have seen with the blood ,4 John Bull in his veins.
(Great cheering.) So long as Eogland is true to hrself
loyal bi the Sever ibis she will stand' as she nOw stands
—.he I•si-simount power of the w 0:1(1.—(I ill mense applause
tram plrts ii tee cool r.)
. .

ANIiE.SoN that tho adilr-s, (It' the ChinnbEr-
t:l,ll tti :tly +Alt, red 1111,,11
tionalts ~t

Mr. J. 001) nt,..Con, hie!, Wa'i carried by

44PA,11,- •
V;(' t'd'oirt4
A:ls may,ePPlect
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ill% I.rfica t t

tekugl44 ;4?tv4i#s ALIO trl,

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17.7 , :7- 7. V. aS .7.: i ~77:••• 1,117011 t.
7 . I'fl[TmYflt f0r4,1-.4. rich
;11:,1 srustr.g.l they. 1 !,:. exer..

. tlaap, It was referred to a
^ I.r •irr,ety ut. t es:-A-
-1;,,,,m, ,:t and cJocating orphan
ao'r, et., sitou> tr, in, ~t tine City, tile niAlagentent
bielt should be vcztea in the CUrp:n awn',,end to consider
the p-opriety f appropriating the hh le of the redemption
fors, rt•speet to tree :onis, tawards defraying the charges of
the establistimen*, and also to c tiAiter the propri* of ap-
plying to Parliament for leave to appropriate the capital and
revenue of the Corporation School to the same purpose, the
Corporation undertaking to provide the deficiency out of its
own funds.