The Daily Times.
Liverpool, Merseyside, England, 1861-01-16 00:00:00

ADELPHI LOAN AND DISCOUNT COMPANY
(LIMITED).

The following is the REPORT of the DIRECTORS, 'Kith a
Stimmary of the Financial Statein of.

It is the pleasing duty of the Directors t,-.) present to the
SharchOlders a Report of the Business of the past year, which
will be found meet satisfactory; shun ing a larger amount of
Business in the aggregate, and a corresponding amount of
profit, a large income front bud debts, a bone
fide reserved
fund increased to £20,10.; Os. 7d., and a considerable increase
in the amount deposited on interest Ifiththe Company.
The Directors point with special satisfadtion to the figures
representing the amount deposited on interest with the Com-
pany, as an evidence of its growing credit With the public, and
they feel persuaded that as the charact r of the Company
becomes more widely known, the amount entrusted to its
keeping will still greatly increase.

.
The arectors feel band to explain at greater length than
by a mere announcement the changes that have recently been
made in the Management of the Company, and they therefore.
(in the confident hope that they will receive the unanimous
approval of the Shareholders) extract the following from the
minutes of Unit' proceedings, dated 4th December, 1860 :
"The Directors, believing that the time has now come when
they ought to relieve their present respected Manager from
the active duties of his office, have determined to appoint his
son, Mr. John Ellison, as the future Manager of the Company,
retaining, however, the valuable services of Mr. Christopher
Ellison, who will be thus free to practice a more general over-
sight of the business of the Company, not only of the Head
Office, but also of the various Branches. And taking into con-
sideration that Mr. C. Ellison was the'founder of this Company
—that he tided it over several very critical periods in its history
—and that he iris given his unreadt:ing and honest labours to
promote. its interests for so many years, the Directors have
determined to accord to him the sum of Z4OO per annum."
In accordance with these resolutions, Mr: John 'Ellison has
acted as Manager of the Company since the let lush
The usual dividend :it the raze of Ten per Cent. per Annum
has been declared by the Lireetors, and will be payable at the
Head Office, on and after the 6th day of February next.
The ordinary ANNUAL MEETING of the SHARE-
HOLDERS will be held at the Head Office, on Tuesday, the
h day of February next, at Two o'clock precisely, when the
report will be submitted, :end all other ordinary business
transacted, including the Election ct tour shareholders as
Directors, in the plan' of Messrs. James Alsop, William Fisk,
William eakin, and Joseph Tesseyman. who' retire front
office, but :ire eligible for re-election. N ) shareholder is quali-
fied to serve as a Director who does not hold shares in the
company upon which the sum of £ WO has been paid.
JOHN DAVIES, Chairman.
3S, Renshaw-street, Liverpool, Jan. 9, 1861.

THE STATEMENT GF ACCOUNTS •
From December 31st, 1839, to December 31st, 18G0.
fi s. d.
Lonna granted during the year
Dr. LIABILITIE,
Paid up capital
Amount deposited on interest
Reserve fund
Amount of divi' end now due
Amount of unclaimed dividends, &c

ASSETS.

Loans outstanding
County Court costs
Stainis on liwzd
Mock and fixtures •
Amount re-invested on securities
Cash on hand

... 36,420 0 0
... 77,463 4 2
. 20,105 0 7

1,821 0 0
62 0 5

mom IND LOSS.

1,883 0 5

135,871 5 2

Dr.
General Expenditure
Interest on debentures
Dividends

125,448 10 9
293 1 3
83 8 8
810 14 10
6,572 10 6
2,662 19 2

135,871 5 2

3,623 0 0
3,639 10 2

5,090 1 5

7,262 10 2
Balance applied to reserve fund 4,718 6 7

17,070 18 2

Cr.
By profits

~. 17,070 18 2

17,070 18 2
Audited and found correct,
HENRY JOSEPH FOWLER, 1
Auditcrs,
JAMES COTTON,
JOHN ELLISON, Manager.

January Bth, 1801.