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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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