Bank Shareholders Debate Amalgamation and Share Issues
The ordinary meeting of shareholders at Cheapside bank discussed the 5 percent dividend on two capital issues, a proposed amalgamation with a rival bank, and concerns over share issuances. Directors defended actions, while critics cited discounts and premium jumps harming non‑insider shareholders.
Bank Directors Pledge Fair Deal as Shares Rise
The bank’s directors refused any personal gain from a new issue, saying they expanded share value from a four percent discount to a three or four percent premium. Shareholders approved the report and balance sheet, declared a dividend, and praised the chairman and auditors for prudent conduct and promising prospects.
MENTIONED IN THIS ARTICLE
E. King
Higgs
Kemp
Price
Bank of Wales reports six month dividend and growth
The third ordinary meeting at the London Tavern chaired by Mr J N Daniell approved a 5 percent per annum dividend free of tax on shares of £20, carried £500 to a reserve fund and carried 203 16s 8d to profit. The balance sheet shows capital £72 285 and deposits £136 363 8s 1d with gains from increased branch activity and a large banking concern joining the business.
MENTIONED IN THIS ARTICLE
London
J. N. Daniell
Messrs
J. B. Cumming
Brushfield
J. Tulloch
Wales
Tulloch
Continental Bank Corporation Meeting Report
The second ordinary meeting convened on Wednesday at the London Tavern with Mr. W. W. Cargill MP presiding as chairman.
MENTIONED IN THIS ARTICLE
Continental Bank Corporation
London Tavern
W. W. Cargill
M.P
Also Mentioned on This Page
Banking Chronicle
Birmingham
South Statfordshire
Cheapside
J. Bethell
F. Tucker
E. Pearson
Middlemist
Austin
Conchairman
co _ates
Stine “Cain
Bank OF Wales (Limited