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THE LONDON AND PROVINCIAL…

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THE LONDON AND PROVINCIAL BANK, LIMITED, CELEBRATES ITS SILVER WEDDING. The ordinary General Meeting of the shareholders of the London and Provincial Bank, Limited, was held on Monday at the Cannon Street Hotel. Mr Richard Mitchell presided. The Directors recom- mended the payment of a dividend of 14 per cent per annum free of income tax, and the carrying forward of £12,029. In calling attention to some of the most salient features of the Bank's accounts, it was shown that the customer's balances are £ 4,829,000, being £470,000 more than this time last year. The profits of the half-year have been £ 110,000 which is jE10,500 of increase, This in- crease had come from the great many little rivulets of the branches-the Metropolitan, the Eastern Counties and the Welsh Branches having con- tributed their quota to the general result. It was pointed out that this £ 10,500 of increase had been earned, despite the fact that the institution had to contend in one of their divisions with competition of a more aggressive character than any previous experience. It may be taken for granted that when a Bank pays anything like 14 per cent it is pretty sure to invite and evoke competition. The chair- man clearly showed the shareholders that they do not complain of that competition so long as it is conducted upon those recognised and honorable principles which have hitherto distinguished banking business, and also said that the strength of the Bank's resources enabled it to give its customers every possible accomodation which they can require upon as favourable terms as can be offered by any Bank which proposes to pay its shareholders a legitimate interest upon their invested capital. The investments now amount to £ 1,759,000. This is an increase of £139,000 on the corresponding Eeriod of last year. The reserve fund is £ 400,000, eing an increase in the year of £ 10,500. This was considered a fair matter for congratulation that any shareholder might put his finger upon that jE400,000 of reserve and say that although there are little short of 400 banks existing in the United Kingdom there are not a dozen which are in a like enviable position. This rosy and cheerful state of affairs produced such an exuberance of spirits that the chairman actually gave vent to his feelings in poetry. He referred to the fact that the officers of the bank, with a zeal and loyalty to the institution as creditable to themselves as it is gratifying to the shareholders determined, to commemorate the 25th year of the bank's existence by a social gathering, and under the presidency of the General Manager, "all went merrily as a marriage bell," and it will form not only to the officers, but also the pro- prietors, one of the pleasures of memory to recall that our officers celebrated this event in the good old English fashion- The staff of the bank all mustered to dine, They ate of good meat and drank of good wine, They uprose round the table and serried in rank, Gave three ringing cheers for success to the bank. The chairman apologised that he should to a grave assemblage of shareholders indulge in a bit of doggerel. He trusted, however, that they would absolve him in consideration of its being what may ,be called "the Silver Wedding of the Bank."

FISH REPORT.

YACHT ARRIVALS.1

LLANDOVERY DOG SHOW.

ST. MARGARET'S FAIR.

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TENBY V. HAVERFORDWEST.

I TENBY V. BRYNECAUR.

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To the Editor of the Tenby…

To the Editor of the Tenby…

To the Editor of the Tenby…

To the Editor of the Tenby…

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