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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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