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Article STTMMAEY OF KEWS FOR JULY. ← Page 4 of 5 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Sttmmaey Of Kews For July.
I 7 J per cent ., clear of income tax , for the past year ; 2 J- per cent , being also carried to the credit of the reserved fund .
On the same day the directors of the London and Westminster Bank declared a dividend at the rate of 6 per cent , per annum , and a bonus of 5 per cent , on the paid-up capital ; after the payment of which , £ 8 , 510 . 3 s . 8 d . remained to be carried to the profit and loss account for the current half-year . On the 17 th the City Bank held its first meeting , when a report was adopted , which said that " after transferring to the ' reserved fund' £ 10 , 000 , the
directors were enabled to declare a dividend at the rate of £ 5 per cent , per annum , free of income tax , and to carryforward the sum of £ 2 , 367 . Is . 6 d . to the ' profit and loss' new accounts . , On the same day the half-yearly meeting of the proprietors of the London Joint-Stock Bank was held . The directors presented a report , from which it
appeared that the profits for the half-year ended on the 30 th June , amounted to £ 92 , 586 . 18 s . 6 d , out of which they declared a dividend at the rate of 12 ^ per cent , per annum on the paid-up capital , and a bonus of 10 s . per share . They would also be enabled to carry over to the end of the year £ 25 , 086 . 18 s . 6 d . The
report was adopted without discussion * At the half-yearly meeting of the South Australian Banking Company on the 28 th a dividend of 10 \ per cent , was declared , making , with that of the past
half-year , 24 per cent , for the year . At a meeting of the Unity Joint-Stock Mutual Banking Company , on the 22 nd , it was resolved to increase the capital from time to time , as the business
may require , to £ 2 , 000 ^ , 000 . At present only 3 , 000 shares of £ 100 each are to be issued . On the 23 rd the Commercial Bank of London held its annual meeting , when the directors declared a dividend at the rate of 7 per cent , per annum for the past half-year , and to add a bonus of 4 per cent ., making together 11 per cent * for the whole year , free from income tax . The Brighton Railway Company declared a dividend for the past half-year on
the 24 th , of £ 2 . 10 . per cent . The dividend of the South Western will be at the rate of 5 \ . MISCELLANEOUS .
The foundation-stone of a new church , to be called St . Luke ' s , was laid near King ' s Cross , in the parish of St . Pancras , by the Marquis of Blandford , on the 2 nd of July . On the same day , the Marquis of Clanricarde , in the absence of the Duke of Cambridge , laid the foundation-stone of the new buildings for the National Orphan Home , at Ham Common , near Richmond . The institution , originally established as the Cholera Orphan Home , at present supports and educates about seventy children .
The annual dinner of the Grenadier Guards took place at the London Tavern , on the 3 rd , under the presidency of ILR . II . Prince Albert . There were about 140 officers present . Sir Colin Campbell was entertained at a grand dinner at Glasgow on the 2 nd ; it being fifty years since he had visited that city : during which lengthened period he has served his country in eyory quarter of the globe .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Sttmmaey Of Kews For July.
I 7 J per cent ., clear of income tax , for the past year ; 2 J- per cent , being also carried to the credit of the reserved fund .
On the same day the directors of the London and Westminster Bank declared a dividend at the rate of 6 per cent , per annum , and a bonus of 5 per cent , on the paid-up capital ; after the payment of which , £ 8 , 510 . 3 s . 8 d . remained to be carried to the profit and loss account for the current half-year . On the 17 th the City Bank held its first meeting , when a report was adopted , which said that " after transferring to the ' reserved fund' £ 10 , 000 , the
directors were enabled to declare a dividend at the rate of £ 5 per cent , per annum , free of income tax , and to carryforward the sum of £ 2 , 367 . Is . 6 d . to the ' profit and loss' new accounts . , On the same day the half-yearly meeting of the proprietors of the London Joint-Stock Bank was held . The directors presented a report , from which it
appeared that the profits for the half-year ended on the 30 th June , amounted to £ 92 , 586 . 18 s . 6 d , out of which they declared a dividend at the rate of 12 ^ per cent , per annum on the paid-up capital , and a bonus of 10 s . per share . They would also be enabled to carry over to the end of the year £ 25 , 086 . 18 s . 6 d . The
report was adopted without discussion * At the half-yearly meeting of the South Australian Banking Company on the 28 th a dividend of 10 \ per cent , was declared , making , with that of the past
half-year , 24 per cent , for the year . At a meeting of the Unity Joint-Stock Mutual Banking Company , on the 22 nd , it was resolved to increase the capital from time to time , as the business
may require , to £ 2 , 000 ^ , 000 . At present only 3 , 000 shares of £ 100 each are to be issued . On the 23 rd the Commercial Bank of London held its annual meeting , when the directors declared a dividend at the rate of 7 per cent , per annum for the past half-year , and to add a bonus of 4 per cent ., making together 11 per cent * for the whole year , free from income tax . The Brighton Railway Company declared a dividend for the past half-year on
the 24 th , of £ 2 . 10 . per cent . The dividend of the South Western will be at the rate of 5 \ . MISCELLANEOUS .
The foundation-stone of a new church , to be called St . Luke ' s , was laid near King ' s Cross , in the parish of St . Pancras , by the Marquis of Blandford , on the 2 nd of July . On the same day , the Marquis of Clanricarde , in the absence of the Duke of Cambridge , laid the foundation-stone of the new buildings for the National Orphan Home , at Ham Common , near Richmond . The institution , originally established as the Cholera Orphan Home , at present supports and educates about seventy children .
The annual dinner of the Grenadier Guards took place at the London Tavern , on the 3 rd , under the presidency of ILR . II . Prince Albert . There were about 140 officers present . Sir Colin Campbell was entertained at a grand dinner at Glasgow on the 2 nd ; it being fifty years since he had visited that city : during which lengthened period he has served his country in eyory quarter of the globe .