Bank to Raise Capital and Issue New Shares
The meeting approved declaring a £46,935 amount and paying a dividend of £4 10s per share for the half year ending December 31. The balance of £10,935 funds the guarantee fund, bringing it to £146,591. Paid-up capital stands at £200,000 and will rise to £300,000 via new shares. £20,000 from the guarantee fund will fund 400 fully paid shares for distribution to shareholders one for every ten existing shares. The proceedings noted confusion from a similarly titled Midland Banking Company Limited in Wolverhampton.
MENTIONED IN THIS ARTICLE
Midland Banking Company (Limited
Wolverhampton
East of England Bank facing voluntary liquidation after deficit
Shareholders decide on voluntary liquidation under Chancery supervision as deposits total 567,963 pounds liabilities exceed assets by 123,707 pounds. Creditors face 243,371 on drawing accounts and 277,442 on deposits with 9,339 for other claims. Notes in circulation amounted to 23,165. Liquidators named are J. H. Tillett of Norwich and Gibbons of Harding Pullen Whinney and Gibbons.
MENTIONED IN THIS ARTICLE
Norfolk Hotel
Norwich
Messrs
Harding, Pullen, Whitney
Gibbons
Court of Chancery
London and Westminster Bank
Provincial Banking Corporation (Limited
J. H. Tillett
Harding, Pullen, Whinney
Wilson
Consolidated Bank
Provincial Banking Corporation
East of England Bank
Bank's Positive Report Delights Shareholders at London and County Meeting
Shareholders praised the unusually favorable bank report despite new bank competition. The London and County saw rising business as rivals push for public attention. A £1,500 testimonial to the executive committee was unanimously approved. The meeting closed with shareholders impressed by the bank's operations.
MENTIONED IN THIS ARTICLE
London and County
Destructive Fires Across London and Countryside
A series of major fires breaks out at Walham green s tar Swan Brewery and nearby stores. Flames spread rapidly through corn stores provender lofts and roofs threatening adjacent property before extinguished by London Brigade engines.
MENTIONED IN THIS ARTICLE
Tar Swan
Walham-Crren
Walham-green
London
London Brigade
Baker-street
King-street
Shaw
Shand and
Mason's Land
Chandos-street
Sun Fire Office
Keston Common
Bromley
Kent
Fox Tavern
Con. M‘murdo
Rose Bank Cottage
Fulham
Col
M‘murdo
Linside
Leighton Buzzard
William Hayter
Young
Liverpool
Manilla
Birmingham Banks Declare Dividends and Capital Rise Plan
Birmingham Banking Company announces a twenty percent annual dividend on paid-up capital. The Birmingham Joint-Stock Bank posts a fifteen percent dividend plus a bonus share issue. Birmingham and Midland Banking Company reports profits of £46,985 after tax, with half-year dividend paid and £10,935 added to the guarantee fund. Plan to raise paid-up capital to £300,000 by issuing 400 new shares. Export notes from China show cotton shipments totaling over 51,000 bales for May and season total of 608,629 bales. An advertisement promotes the Mac-Main Patent Lever Truss as an affordable remedy for hernia-related distress.
MENTIONED IN THIS ARTICLE
Birmingham
Birmingham Banking Company
Birmingham Joint-Stock Bank (Limited
Birmingham and Midland Banking Company
Lance Exportis
Corron
Ciina
China
Celestial Empire
Shanghai
Liverpool
Elizabeth Nicholson
Australia
Fanny
Cyclone
London
Hong Kong
Glenlee
Twee Councilleseer
Yokohama
White
Also Mentioned on This Page
City Bank
European Bank
Marseilles
David de Léon Cohen
Bank of British Columbia
Mercantile and Exchange Bank (Limited
London Bank of Scotland (Limited
Manchester and Liverpool District Banking Company
British American Exchange Banking Corporation (Limited
International Bank
London and Colonial Bank
Ottoman Financial Association (Limited
East London Bank
Butler
M.P
British and Netherlands India Bank
Pees Chine
Samuel Gray
Oriental Bank
London and County Banking Company
W. Champion Jones
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