, 1866-08-10

q . ~ = = ~ ~ y y
From Tie 0p""s 1~~~@ 1yJ
COLONIAL BANK.
The ordinary hnfyeohy court of propneors was held yesterday, at the London
Mr. Calvert te secretary read the notice converting the meeting The report
on,. T4s t fsf %afsr; soSa Statement. 2 sf Of 2 Fl: is%s an. 6e g %so on the of .o "s n,sst s. Def s5 ss
1865 which also comprises the nett profit Of the hafys~ ending at that period. =
Deposits G. payable, ol other liabilities =: l9o5o5i II
P PMnIp1 c 22ptta ------ 10000
balance Of profit from last 6ify ea...:.... 5SSS 70
SPECIE. A*sETs. a7oago ,
Due to the bank in the colonies 0 bills dis ~""
counted and purchased Gncudng those past 16Oo7O 10 5
Due to- to the the bank in the colonies n current .asa
Due to the bank in London on bills RENTED o5aoo
Bank premises %" and furniture in London and smo .-e.s.om
been T Ss s a9Ss'G': sa asss %q S4 IS, s:H 9ssafe SEVERE s se %ns e%s t S ,ep9 a. that hat tn" 5, so2t id ns
S Sna Ta' To %P9d 1a 5, at at 9t 6S"i s%9 Ss% % dSn P the Branches " st been Du %oss; vas Ip Son ass
ing fyoo~ b, but they regret to state that the prices Of colonial produce in the
g@a%ty W ~os saw awarded s%%5 TO The h. s @6"s% and clerks of the t%@ @ts6Is i n%Gs the "% drsao s% have e
o o5P" sd% ofy the e iPe !" tor" J" per CENT pc" "' salaries not 'o'""s " "' %
Ds se a@e hi. 4. sts.g t which 4.s % %as to a8ooA los from the essssl 10 10
And adding the balance brought forward from last hofwr Of. ...:!. 1860 i 5
Out of which S' i've s @ft SSaas Fss9nn;aa %rT an ordinary dividend % f's'7l Is 3
9mS P "ia' oP capital p1o o Of s%% s ooPo1si "n'G be made "i for %t the s' RsE "g@ $4,000 .
From this the h@ directors propose to carry to the reserve fund: ..::.. : 1000 Q Q
Increasing it to $1,000 and the balance neutrality-suspicious.. 6 1881 10 5
full tribute to the memory Of the late Sir Mimic Farqoha1 Mp one Of the directors,
sn len a ina to {E give 1 the 5n Fsfnde 6R RG 1acenm ao Hr u nt m det e"t the ne m %sea on b iar t[
that however was an exceptional dividend, the profits snow realised being about the
same as those of the corresponding half of the preceding year, and the present dit
dend vase Of the IN amount@ was declared upon that occasion. The shareholders
werea ware that the profits were divided into a normal AM a bonus dividend, which
was an intmaton that the latter would occasionally fuduate. Seeing, however, the
monetary crisis they had gone through. and the low prices of produce, he thought
they had good reason to congratulate themselves upon being able to issue sucha are
port as that just submitted. QIea, hear)-Mr Quincy Hoae seconded the motion for
the adoption OF Their report,
A SharehOder enquhed if any portion ofthe profits was applied towards the re-
ducion of the amount paid for the Bank Of jamaica ?-Mr Quincy Home replied that
out ofte haEym's earnings the sum of 25OOA had beense aside for that purpose,
nd that there were yeti w snIarn instruments to be pad-The motion adopting the
report was put and carried unanimously.
A resolution was Themes carried to tee effect thatan ordinary dividend of 6per
cents and a extraordinary dividend of per cent. Gree Of income taD be decaredfo for
the hafyear ending Dec 81. En4
MIC. McGarl said that having been one of the founders of the bank, he knew
full WELL he arduous duties thatde voved upon the BOARD of directors and for which
they were very i1adequatey remuuerated-mdeed, had the amount of dividend been
equal to that ofIst yearh he should havep proposed IN increase of the directors remu4
nemiou-(hear, heal-but that he would de6rtnl another occasion The whole of