National Bank profits rise and Irish growth praised
The National Bank reports over three years ending December achieved profits above 20 percent annually after capitalising £100,000 from reserves. Directors discuss new £30 calls on new shares by July next year and highlight Dublin Gazette data on Irish bank circulation, noting gains in the north and increases in the bank’s Irish business. The meeting approves the report, re-elects directors, and welcomes a new figure, with plans for a fourth Pimlico branch and strong prospects for 1864.
MENTIONED IN THIS ARTICLE
National Bank
Court of Directors
London
Ireland
Dublin Gazette
Robert Peel
Arabella-row
Pimlico
Buckingham Palace
Cheers
E. Fox
Coghlan
Hear
Harvey Lewis
M.P
Sutton
A. Ricardo
Fics
Gera
Pines
First Ordinary Meeting of Brazilian and Portuguese Bank
The first ordinary general meeting was held at 18 St. Helen's Place Bishopsgate with Geo T Brooking in the chair. Directors presented accounts showing gross profits of £10,374 17s with net £1,872 2s 6d carried forward. The bank opened in Rio de Janeiro on March 2 and a second £5 per share call was proposed. Premises at St. Helens Place leased for 21 years with future expansion plans. A Lisbon telegram about a competing bank was discussed. no new branches planned until profitable. The report and resolutions were adopted and George A H Holt added to the board.
MENTIONED IN THIS ARTICLE
St. Helen’s Place
Bishopsgate-street
Geo. T. Brooking
Brownlie
Portugal
Brazil
Rio de Janeiro
London
Ngland
T. March
Price
Michaelmas
Lisbon
Committee of the Stock Exchange
George A. H. Holt
Also Mentioned on This Page
National Bank of Ireland
H. Lewis
Peter Graham
Oxford Street
Wheeler
Gartlan