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Weekly Chronicle in London, Middlesex

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Weekly Chronicle

Location

London, Middlesex, United Kingdom

Date

Jan 14, 1865

Page

7

Union Bank of London declares six month dividend and bonus

At the half year meeting held in Mansion House two officers report a net profit of £180,195 2s 11d after charges and customer interest. Dividends at 15 percent per annum and a 2 percent bonus on increased paid up capital are declared. Unclaimed 65 shares to fund clerks’ relief, capital raised to £1,200,000, reserve fund to £300,000, building fund created.

Bank of England Princes-street Mansion-house Argyll-place Fleet-street Chancery-lane Pallmall East Pall Mall East Goldsmiths’ Company London Joint-Stock Bank London and Westminster Farquuar Fitzgrraip Histor Scrimgeour

London and Brazilian Bank reports half-year profit and dividend

The second annual general meeting at the London Tavern chaired by Mr. J. Waite Cater heard a half-year net profit of £24,704 12s 11d for the six months to June 30 1864. Directors propose a dividend of £1 4s per share totaling £15,600, with £9,104 12s 11d carried forward. The report notes Rio de Janeiro failures influenced dividend policy, but profits from the Rio branch and reduced competition are expected to offset losses.

London and Brazilian. Bank (Limited London J. Waite Rio de Janeiro England Saunders Rio Portugal Coartman

Also Mentioned on This Page

Banking Chronicle Union Bank OF London P. N. LaAorm O. ‘Boyize
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