An extraordinary general meeting of the shareholders of this company was held on Wednesday at the Cannon-street hotel, Mr. William Paterson in the chair, The Secretary (Mr. Win. Charles Mul-Tins) having read' the notice calling the meeting, The Chairman said: Gentlemen, y are aware that the special object in meet today is to obtain your sanction he paynient of an interim dividend. But, naturally, you will expect to learn thing with reference to the serious def tions in Calcutta, which we heard ju time to mention at our last meeting. will remember that we had then only received a telegram on_ the subject, and upon the brief information cou: tained therein it was agreed that the! £50,000 which, by our published report, we had proposed to place to reserve, should be kept in suspense, to provid for the contingent loss. It is now ly un: pleasant duty to tell you that the deficiency Was greater than we expected, and that the whole of that sum was required to make up the loss thus brought upon the hank by a man of good Indian family, who entered its service many years ago as an assistant in the cash department, and had been the chief cashier for eighteen years. I may gamble. There ought to be a periodical add that up to the time that these frau Inspection of the cash in the charge of the periodical were discovered we had no reason to believe ' cashier, who ought not to know when such Sins any dlouhes were held 1s regarded his inspection would be wade. These, were time was brought buck to Calcutta, where i heart especially "at the present thre, city. He absconded, and after some: all matters which it would be well to he was criminally prosecuted, the case (Hear, heir.) being te oe hanes of a reared ce Shareholder inquired whether the Zeneral; but, unfortunately, it broke £50,000 mentioned would cover the loss. Son. ie 1s avid section a gal point, on; hoc] Giatini in reply, aid they thing at the moment: Tt has been @ very loss, with the sum Fey expected to real ne ahet y say any- that the £3 wove aggravating business throughout. It took from the securities in the hands of the us by surprise, and we feel it very much, assignee. The drawing on chita has been as you all must have done. The details in anticipation of the month's pay, but am sure would do no good; indeed, it this; and it was against their instrueoad coming cou aaal of ins, int 7 ed dicectoes did not encourage even
i, as the ow ut officers. The cash w i id wich by bane t0. sy. ce toe Ercwent done for alvanien: t9 be made to their sub judice. But Lmay add that this cashier's checked daily, but" paying Paget had frauds were effected chiefly by his sur- been retained by the cashier, As to the reptitiously intercepting moneys paid over case being avd jefice, there were certain the counter, and by manipulating his cash points which it would be best for hin not statements. Te will, however, "be some! to mention, Their European employes had consolation for you to know, as it is for had nothing to do with the frauds, and care us to tell you, that the whole of this would bg taken not only at Calcutta, but at srw in te ficial weigoons bande eonsey ey ele ti i: any possibility of their recurrence, - As re-securities and claims for which we hope yards the gold speculation in Calcutta, he to get something before the accounts are did not believe that the bank or any of its only in the Courts Inst month, and some of pg), Tole, get ae att closed. T should add that the case was! officials, were in a od ith ite the papers have not yet come forward, 2h A. 1 Tolley inquired the approxi-Lead Eatthag kD cligeree be intact The Chairman stated that until the 3 mate amount of the Loss.
Dankeuy rey an tines at' kis eaten! val sot say what the actual loss would very shotly after, the aliscoveties were ' securities mentioned were realised they those of his sous, he, Their gross claim was 12 lakhs of rho were large dea opium, ete., inst whi Calcutta Sid an acre with mins i lh thera were earl, bes ris teaser Sais comet The full amount of the loss was written off, calcutta, arw yy recount with the which ut first had been valued at 9 inkles. teed my any ware at the moment, Is la *0l_ Nhataver they ryoovered. from the sore subject. But it will be pleasant Sgurities would be to the good, for poe te hear that. the. bushes i The resolution for the dividend was then going om very satisfactorily. "We have She prvwtale proposed vote of thanks Trad road cee, and although Here j to the directors, who, he considered, must toalece pactieularty dis regard have had a trying time lately. ly The resolution was duly seconded and months of the year, while the American weed to, and the meeting separated, year, while the erican Silver Bill wax being talked about, we are 5 doi well, and have no reason to doubt that at the end of the year, when our ne-counts are made up, they will show satis-Amusements. factory results. The resolution T have now to propose ix—" That an interim dividend for the half-year ended June 30th last at
Text read from the printed page and cleaned; old type leaves the occasional error.