COMMERCIAL INTEELLIGENCE.

Southland Times, Volume III, Issue 47, 24 February 1864, Page 2

COMMERCIAL INT EELLIGENCE.

UNION BANK OF AUSTRALIA. An adjourned and Second General Meeting of the Proprietors of this bank was held on November 30 at the offices, Old Broad -street, for the purpose of confirming the resolutions passed by the proprietors at the special general meeting held on November 11; Mr. Robert Brooks, M,P., in the chair The resolutions to be suhtnitted for confirmation were to the following effect: — That "the 35th, clause or regnlation of the company's deed of settlement, so far a? it limits the amount by which the capital of *he company may be increased to the sum of £1.000.000, shall be and is repealed. That the capital pf the company be increased by -a sum not exceeding £500., 000, making a total capital of £1,500,000. That a sum of £250,000, part of the increased capital be now raised by the sale of 10.000 new shares at £25 each, and at a premium of £20 per shares; and that such new shares be offered to the present proprietors in the proportion of one new share in respect rf every four shares held by them respectively, and- that any such new shares not taken by the proprietors to *whom the same shall be offered under the foregoing provision, be offered to the other proprietors, 9 or to other persons, or partly to such other proprietors ancl partly to other persons, within suca time and subject to such regulations and provisions as the directors shall in that behalf deem expedient and appoint. And that tbe directors be authorised to make such calls as they may deem necessary in respect of such new shares. The Chairman observed that, as the questions before the shareholders were fully discussed at the former meeting, it would not be necessary for him to enter into details; but he should bo happy to liear°any remarks which proprietors might be disposed to make. No observations being ofiered, the Chairman read tbe resolutions, which were immediately agreed to. The Secretary stated the distribution of the^naw shares createdby the last resolution would bo in the proportion of oue new share for every four shares held by the proprietors registered on the lst of December; th*?.t the first instalment of Ll2 10s would be pa< able on the loth of December; the second, of Ll2 10s, on the 15th of February, 1864; the third, ef LlO, on the 15th of April following; and the fourth, of LIO, on the loth of Juue; and that interest would be allowed at the rate of 5 per cene. en the prepayment sf the second, third, and fourth instalments. — Home News.-