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THE LONDON AND PROVINCIAL…

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THE LONDON AND PROVINCIAL BANK. The report of the London and Provincial linnk for the half- year which.ended last month has been issued, from which it appears that a dividend at the rate of 15 per cent, per anumn is recommended. This is the same as for the previous six months, and is the largest dividend which the bank has ever paid. In addition to this we find that the sum of i, 10,486 is carried forw: 'd, and that the valuation of the Consols which constitute the reserve fund will be reduced by bring- ing them down from 95 to 92J. The company reduce by £2,000 the freehold and leasehold premises account, and add £ 2,000 to the officers' superannuation and gratuity fund. The gross profits of the half-year, after allowing for bad and doubtful debts, reached the large sum of £ 131,572. It will be seen from these figures that the report is a very favourable one. The authorised capital of this bank is 41,000,000, in shares of X10 each, of which £ 800,000 has been allotted and Y.400,000, or 45 per share, paid up. The reserve fund in 1871 was £ 1,500; now it has reached £ 400,000, the amount of the paid-up capital, and the dividend, which was originally 7t, has gone up to double that figure.

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16DISESTABLISHMENT IN WALES.…

I<> WALES IN PARLIAMENT.I…

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BISLEY.

THE ARGENTINE REVOLUTION.