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Weekly Chronicle in London, Middlesex

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Articles on This Page

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Newspaper

Weekly Chronicle

Location

London, Middlesex, United Kingdom

Date

May 28, 1864

Page

4

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.

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.

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
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