The Sun.
London, England, 1846-01-16 00:00:00

SEVENTEENTH REPORT of the LONDON
JOINT-STOCK BANK.
At a General Meeting of the Shareholders, held at the Banking-
house of the Company, in Princes-street, Mansion-house, ou Thurs-
day, Jan. 15, 1846,
WILLIAM CtiRLIITG, Esq., Chairman.
WILLIAM MILLER CHRISTY, Esq., Deputy Chairman.
DIRECTORS.
John C. Lechnor, Esq.
Sir John M`Taggart, Bart., M.P.
William Mitcalfe, Esq.
Ambrose Moore, Esq.
John Timothy Oxley, Esq.
George Scholefield, Esq.
William Shadboit, Esq.
Thomas Stooks, Esq.
George Tayler, Esq.

Mir Felix Booth, Bart.

Sir tleorge Carroll, Alderman

William Miller Christy, Esq.
William Curling, Esq.

Robert Farramf, Esq,

George Holgato Foster, Esq.
William 0. Gore, Esq., M.P.
Sir Richard Jenkins, G.C.B.
Archibald Hastie, Esq., ➢L.P.
William J. Lancaster, Esq.
MANAGER—George Pollard, Esq.
SOLICITORS—Messrs. Tilson and Squance,
The knowing report was presented :
In meeting the shareholders at the beginning of the year, the Di.
rectors have the satisfaction to state, that the business of the Bank
continues steadily to improve, as will appear from the balance sheet
herewith submitted for their perusal and information.
From this it will be seen that the transactions of the Bank during
the past half-year have netted a clear profit of 20,1301. Bs. 84., which,
after paying a dividend at the rate of El. per cent, per annum on the
capital stock, free from income-tax, will leave a balance of
2,1301. Es. 84., to be carried to the reserve, which, together with the
interest due thereon, raises the amount of the guarantee fund to the
sum of 96,2971. 2s. 6d.

The seats in the direction to be vacated on the present occasion are
those occupied by Archibald Hastie, Esq., M.P., William Mitcalfe,
Esq., Ambrose Moore, Esq., John Timotky Oxley, Esq., and William
Shadbolt, Esq., all of whom have given notice that they are candi-
dates for re-electiou.
In conformity with the recommendation of the Proprietors at the
last general meeting, that the Board should take into their considera-
tion the practicability of instituting a fund for the benefit of the clerks
of the establishment, in case of sickness, age, er other incapacity aris-
ing while In the service of the Bank, the Directors have to state that
the recommendation has had their anxious and deliberate considera-
tion ; and that, with a due regard to all the interests concerned, they
have arrived at the conclusion that the satisfactory management of
such a fund would be most difficult, if not impossible, and they, there-
fore, cannot recommend its adoption.
The half-year's dividend will be payable on and after Friday, the
23d day of January inst.
The preceding report having been read to the meeting by the Se-
cretary, a dividend for the half-year ending the 31st December last,
after the rate of 6/. per centum per -annum, was declared_ by the
Chairman.
Resolved unanimously, That the report now read be received, and
that it be printed for the use of the Shareholders.
The following Directors having retired from office, by virtue of the
provisions of the deed of settlement, were unanimously re-elected,
viz.:—
Archibald Hastie, Esq., M.P. John Timothy Oxley, Esq.
William Mitealfe, Esq. William Shadbolt., Esq.
Ambrose Moore Esq.
Resolved, That it is not expedient that the Directors should recom-
mend any one of the candidates to the Proprietors upon any occasion
of a vacancy.
Resolved unanimously, That the thanks of this meeting be pre-
sented to the Chairman and Directors for tkeir good management of
the affairs of the Bank, and for their uniform kindness to the pro-
prietors.
Resolved unanimously, That the thanks of this meeting be given
to George Pollard, Esq , the Manager, for his unremitting attention
to the interests of the Rank.
WILLIAM CURLING, Esq., Chairman.
Resolved unanimously, That the warmest thanks of the meeting
be tendered to the Chairman for his able, courteous, and impartial
conduct in the chair.
WILLIAM MILLER CHRISTY, Esq., Deputy-Chairman.
Extracted from the minutes. E. HEWETT, Secretary.