Bank Directors Debate Dividend and Reserve Policy
The board defended a 20 percent annual dividend and a large reserve aimed at public confidence. They argued the reserve supports stability, while new capital and branch growth justify continued profits and planned capitalization into new shares.
MENTIONED IN THIS ARTICLE
Ndia
Threadneedle-street
Point de Galle
Newera Elba
Columbia
Shanghai
Hall
Captain Hall
D. Larnoch
Times
Colonel Jameson
Shipbrokers sue on breach of agreement over Olga voyage
Ellis and another v London and another before Mr Justice Crompton. Plaintiffs, Thames street shipbrokers, allege the Real and Personal Advance Company directors wrongfully advanced and allowed sale of the Olga after a leaky voyage from the Tyne via Cowes. Vessel sold for £500. jury verdict for defendants.
MENTIONED IN THIS ARTICLE
Tyne
St. Helen’s Roads
Cowes
London
Hawthorne
Ellis
Exchequer Case on Double Succession Duty
May 14 before Justices Willes Byles Keating Blackburn and Shee the Attorney General argued a Succession Duties Act case arising from 1819 when a Mrs Cooke in America wanted £20 000 later £30 000 due to accumulations. The Crown contends duty on each succession and on administration grants. The court favored the Crown on both points and planned to deliver judgment May 16.
MENTIONED IN THIS ARTICLE
Exchequer Chamber
Willes
Byles
Keating
Blackburn
Shee
W. Partington
Sheod
Cooke
America
James Cooke
Crown
Fitzroy Kelly
Locke
Q.C
Bevan
Justice Willes
Court of Exchequer
Newton v Reade court action over five hundred pound bill
May 16 court sittings in the Exchequer before Lord Chief Baron Pollock heard Newton v Reade on a five month bill for 20 pounds with fraud and denial of acceptance. The case involved share certificates of the London and Lisbon Cork Wood Company and money lent. Newton claimed as secretary of the British and Foreign Cork Company Limited. Reade, a solicitor in Lincoln's Inn Fields, arranged to take five hundred.
MENTIONED IN THIS ARTICLE
Court OF Exchequer
Nisi Prius
Guildhall
London and Lisbon
Q.C
H. James
Mr. Coleridge
Q-C
Mr. Gates
Mr. Newton
British and Foreign Cork Company (Limited
Reade
Lincoln’s Inn-Fields
Also Mentioned on This Page
Provincial Bank of Ireland
English and Irish Bank (Limited
European Bank (Limited
Robert W. Carden
W. W. Morgan
F. B. Bernard Natusch
John Lt. Pascoe
Victor IF. Weber
European Board
Messrs
John Alers Hankey
Messrs. Hankey and Co
Fenchurch Street
Messrs. Barnett and Co
Messrs. Hanbury and Co
Lombard Street
W. C. Sillar
W. C. Sillar and Co
Bombay
Scottish and Universal Finance Bank
South Eastern Banking Company
City Bank
Continental Bank Corporation
King’s Arms Yard
Messrs. Day Nicholson, and Stone
Rochester
Provincial Banking Corporation
LAW Intelligence
Newton V. Reade
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