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Weekly Chronicle in London, Middlesex

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Articles on This Page

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

Newspaper

Weekly Chronicle

Location

London, Middlesex, United Kingdom

Date

May 21, 1864

Page

11

Bank of Wales Directors Report Shows Modest Profit and Branch Expansion

At the London Tavern the Bank of Wales shareholders heard a report showing gross profits of £5,380 16s 2d and a net balance of £1,115 7s 3d to forward. Branches were opened at Cowbridge Usk Cardiff and Haverfordwest with plans for growth and a possible dividend next meeting. Opposition criticized the profits and governance while praising the bank’s Welsh expansion and future prospects.

London J. N. Daniells Gregory Cowbridge Usk Cardiff Haverfordwest Messrs. Lock, Hulm, and Co Pembroke and Tenby Principality James Goodson Charles Heneage Thomas Ouchterlony Arthur Cooper Edwin H. Galsworthy Bank of Wales (Limited Bankers’, &c Wales Ormerod Alliance Bank

Charte red Mercantile Bank of India Shareholders Meeting Outline

The sixth ordinary general meeting in Threadneedle Street discussed the audited balance sheet for the year ended December 31. Net profits reached £1,196,462 23, with £50,000 dividends and £25,000 bonus, 15 percent on paid-up capital. The bank added £50,000 to the reserve, carried forward £75,831 11s 2d, and boosted capital to £750,000 with £250,000 reserve. Directors retiring include G G Nicol and G P Robinson, up for re-election. auditors to be appointed.

Threadneedle-street G. G. Nicol Bombay Colombo Singapore Shanghai Yokohama Point de Galle Newera Elba Ceylon Tuticorin India Hankow China Japan George Garden Nicol George Palmer Robinson

Also Mentioned on This Page

Banking Chronicle Bank OF Wales J. W. John Leech Galsworthy Cave Chartered Mercantile Bank OF India
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