The Sun.
London, England, 1868-01-30 00:00:00

THE NATXO
(Establish
Capital Subscribed, £2,500,
Rest or Undivided
DIREC'

Jeremiah Dunne, Esq.
Peter M'Evoy Gartlan, Esq.
B. H. Hartley, Esq.
F. B. Henshaw, Esq.
Sir Ralph Howard, Bart.
Harvey Lewis, Esq., M.P.
Admiral Sir Burton Mac-

NAL BANK

ted 1835.)
,000. Paid up, £1,500,000.
Profits, £543,889.
TORS.
Sir J. N. M'Kenna, M.P.
Hon. Albert H. Petre.
Albert Ricardo, Esq.
Rowand Ronald, Esq.
Samuel Saunders, Esq.
J. Bogle Smith, Esq.
Edmund Smithwick, Esq.
Philip Vanderbyl, Esq., M.P.

Namara.
David Mahony, Esq.
REPORT of the Directors of the NATIONAL BANK
to the Proprietors at the THIRTY-THIRD ANNUAL
GENERAL MEETING, held at the Bank, Old Broad-
street, 28th January, 1868—
Sir J. N. M'KENNA, M.P., in the Chair.
The Directors of the National Bank have the pleaszre
of presenting to the Proprietors the Thirty-third Annual
Report of the state of the Society, made up to the close of
1867.
In July last the Directors submitted to the Proprietors
their report for the half year ending the 30th June ; their
present statement incorporates the profit atid loss account
for the two half years of 1867, agreeably with precedent
heretofore observed.
The dividends and extra dividends payable for the year
1867 have been declared at the same rates as those paid
for 1866.
The following accounts in the usual form exhibit the
state of the Company's affairs at the close of 1867 :

ASSETS and LIABILITIES.—The NATIONAL
BANK, 31st December.
Cu. ASSETS.
Gold and silver coin at Branches £560,625 12 8
Cash on hand and at the Bank of England 630,5'22 010
Advances on securities at ca 11..... 751,273 9 10
Government funds, Exchequer bills, Ex-
chequer bonds, and debentures 333,126 3 7
Ditto advanced, parliamentary and other
deposits
Advances on securities at sundry dates,
and current accounts 2,342,240 18 5
Bills discounted • • 8,612,319 8 9
Bankers' guarantees and securities held
against acceptances per contra lBB,lBl 0 0
Bank premises in London, Dublin, and
Branches, freehold and leasehold 185,197 2 2

12,505 0 0

£8,615,993 19 3

DR. [LIABILITIES.
Notes in circulation.
Due by the Bank on deposits and current
accounts
Acceptances to bankers' drafts and on
security 188,184 0 0
Capital paid up £1,500,000 0 0
Rest or und t vide d profits ..
at this date
----- 2,03,889 13 9

£8,615,993 19 3

PROFIT and LOSS ACCOUNT of the NATIONAL
BANK, for the year ending 31st December, 1867.
1867.
Jan. Ilalf-year's dividend
at 8 per cent. per
annum £60,000 0 0
With extra dividend,
16s. per share 40,000 0 0
July.

--4----- £lOO,OOO 0 0

Half-year's divi-
dend at 8 per
cent. per an-
num 60,000 0 0
With extra divi-
dend, 16s. per
share 40,000 0 0
100,000 0 0

Dec.3l. To balance, being the amount of
rest at this date

X 743,889 13 9

Rest or undivided profits at December,
1866
Net profit for the half-
year to 30th June last £101,338 10 5
Net profit for the half-
year to 31st Decem-
ber, 1867, after writ-
ing off all bad, and pro-
viding for all doubtful
debts... £93,045 0 5
Less rebate
of inte-
rest on
bills not
due

82,297 0 5
183,635 10 10

£743,889 13 9
Examined and found correct, ALBERT RICARDO.
ROWAND RONALD.
Since these accouuts were made up, a dividend at the
rate of 8 per cent. per annum on the paid-up capital of the
Bank, and an extra dividend of 16s. per share, together £2
a share, have been declared on the 50,000 shares which
constitute the Company's capital ,• and the same are
now payable at the head offices and branches of the Com-
pany. The dividend and extra dividend now payable for
the half-year ending 31st December, 1867, amount together
to £lOO,OOO.
The Directors desire to state that the decrease in the
profits of the half-year is solely due to the low rates which
have prevailed for money, particularly on discounts and
advances on securities in the City of London.
The deposits and creditor balances of customers have
increased in the year by £115,463, and the circulation is
also slightly in excess of the amount at the close of 1866,
showing that, notwithstanding the general stagnation of
business, there is actual progress to record in some of the
most important departments of the business of the Bank.
As." the Rest," which is available to a reasonable ex-
tent to equalize dividends, has been considerably aug-
mented on the average of the last four years, the Direc-
tors, in view of the exceptionally low rates of interest
which have prevailed for the past half-year, do not con-
sider it advisable to vary the ordinary dividend and extra
dividend. _ _

The Directors who retire by rotation this year are James
Bogle Smith, Esq., Frazer Bradshaw Henshaw, Esq., and
Sir Joseph Neale M'Kenna, M.P., who, being eligible,
offer themselves for re-election. Admiral Sir Burton
MacNamara, who has been appointed to a seat vacated
since last meeting; also retires by rotation, and being
eligible offers himself for re-election.
Since the last Annual General Meeting three vacancies
have occurred by the retirement of their respected col-
leagues, James Allan, Esq., John O'Meara, Esq., and
Thomas William Kough, Esq., to whose vacant seats the
Directors have nominated respectively Peter McEvoy
Gartlan, Esq., the Honourable Albert Henry Petro, and
Admiral Sir Burton MacNamara. The appointments of the
two former gentlemen, Mr. Gartland and the Honourable
Albert H. Petre, who do not retire by rotation, require
confirmation by the shareholders.
Since the close of the year the Directors have determined
on opening at Notting-lull their Sixth Metropolitan
Branch, at the request of some of the most influential in-
habitants of the district.

Approved by the Court,
ALBERT 11. PETRE, Chairman.
London, Jan. 24, 1868.

PAINLESS DENTISTRY.

NIESSRS. GABRIEL, DENTISTS (Established
1815), of
London 5B, Harley-street, Cavendish-square,
64, Ludgate-hill, E.U.,
Liverpool 34, Duke-street, and
Brighton
have just published a NEW PAMPHLET explaining
their Painless System of Dentistry, and self-adhesive Teeth
without springs, at MODEHATE UHARGES, which may be
bad free by post for four stamps.

ROCHDALE, 27th.—The flannel market to-day
was of the same quiet order as for some time past.
The somewhat damp and unpleasant character of
the weather all over the country tends to check the
sale of the thinner fabrics, both plain and fancy.
Prices are steady upon the whole, though merchants
are seeking some reduction from the topmost quo-
tations. Yorkshire goods and wool were slow of
sale, without any material alteration in prices.