The Sun.
London, England, 1845-01-24 00:00:00

INK OF AUSTRAL-ASIA. • •
A:fir.4ordinary general meeting of thn Bank of
ss44 held yesterday at the office of the
Cyriii4'No. 2, Moorgate-street, for the purpose of
cP-1-,ng a DiLector in the vacancy occasioned by the
r 74:,; major), of \V. Brown, Esq.
11,r..thli office there have been four candidates—
Mr, Atherstone, Mr. De Castro, G. H. Foster, Esq.,
and Captain 3.Grover.
The CHAIRMAN announced that Mr. Atherstone
and Mr. De Castro had withdrawn, and the election
rested between Mr. Foster and Captain Grover.
Before proceeding to the show of hands,
Captain GROVER briefly addressed the meeting,
remarking on , the aptitude displayed by military
men for public business; he stated, however, that he
h'4 but slight hopes of success, anticipating a more
favourable result on another occasion.
On the show of hands,
The CHAlRMAN.declared the election to have gone
in favour of Mr. Foster, by a large majority.
:qr. FOSTER briefly returned thanks, trusting that
he should discharge the duties of the office with satis-
faction to the Proprietors.
The CHAIRMAN then said that the business of the
extraordinary general meeting had concluded,
and they were now convened according to
a resolution passed at • their last meeting.
The Directors were not prepared to submit to them
f,rfyl report, or regular account, but, as it appeared at
t}!::• last meeting to be the wish of the Proprietors to
r t the Directors more frequently than once a year,
they hail cheerfully acceded to their wishes, and the
present meeting was fixed accordingly. He congra-
tulated them that it was accidentally prevented from
taking place last December, as they should not
then have been so well able to give an
explanation of transactions that had taken place in
the colony, calculated to remove the apprehensions
that had been occasioned by recent advices from
that quarter. They were aware that this Bank had
a large pecuniary claim on the Bank of Australia.
Since the last meeting a resolution had been come to
at a meeting of the Proprietors of the Bank of Aus-
tralia, held at Sydney, that they would resist the
payment of that claim to this bank. Measures
had, therefore, been taken by the officers of this bank
in the colony, which had also been followed up here
with respect to that debt ; but as the statement of
those measures would involve legal points, he would
beg them to hear Mr. Farrer on the subject.
Mr. 0. FiRRER then went into an explanation of

the circumstances of the matter in dispute between
the two •bankfr., begging the Proprietors to confine
their attention solely to the legality of their claim,'
awl not enter into any -discussion on the propriety or
expediency of the original transaction. He
said that the resolution passed at.* the meet-
ing of -the Bank of Australia to resist
the claim' of this Company upon it, WAS supported
only 13. y nineteen. gentlemen, though the whole num •
belt of .coprietos of that Bank was two hundred.
He then read N. Aue,stioris on the case of this Com-
pany whickhad been laid-before-Sir Thomas Wilde,
Mr. Seigeanttazgee' and Mr. Hugh Hill, and the
answers to them, which were every- way satisfactory
to the Directors, as to the complete liability of the
Bank of Auitralia for the amoiint of the sum advanced
to it by thg-establiShinent.
A short disu,ssion followed„ 13. which Mr. Sergeant
Gazelee, 130.0 as, a, proprietor and one of the legal
gentlemen w)lo lii4.li,An consulted, expressed his
perfect confidence: iniAhe :recovery of the sum, in
question. : ,
The • CadIRMAlt• Vien.made a short general state-
ment of the present•condition.of the business of the
bank, which' he said had partaken of the improved
state of the affairs of the colony.
A vote of thanks to the Directors was proposed and
carried for their able conduct with respect to the dis-
pute between the two companies, and the meeting se-
parated. The ,proceedings Appeared to give general
eatisfactim,