The Express.
London, England, 1862-08-07 00:00:00

CLARET ST&KRS. T.Y.C.

General Her, Lopcstober, Otho, Enfield, cod Gaberdine
are here.

SWEEPSTAKES OF 10 BOYS. One mile.
Langone, Mazy Stuart, and Lady 13etay are here.

LONDON AND COUNTY BANIC.-(THIS DAY.)

The half-yearly meeting of the proprietors was
held at one o'clock, at the London Tavern ; Mr. W. Cirwit-
mom Joints in the chair. .

The report stated that the balance-sheet of the company,
for the half-year ending 30th June Let, showed the net
profit for that period (including the balance of 20,703438.2 d.
brought forward) to be 61,384/. Bs. 2d., after deduct-
ing interest paid to customers, expenses of management,
income tax, Red rebate, and making provision for bad and
doubtful debt Out of this sum provision had been made
for 34,1731/. 2a. lid. remitted to Ireland, in consequence of
the adverse decision of the House of Lords on Mr.
Eyre's appeal. The directors had declared a dividend of 5
per cent for the half-year, free of income tax,
and had carried forward the balance of 7761. 16e. 7d.
They had to report that the 5,000 additional shares in the
companyi(the intended issue a which was announced at the
last meeting) had been fully allotted, and the premium upon
them, amounting to 50,000/, received and carried to
the reserve fund, increasing the fund to 175,0004
The directors expected a decision upon their ap-
peal to the superior courts on the Chandos
mortgage case, referred to in the special circular of the 3rd
June last, but had been informed that this appeal could not
be beard before November next. It was added that the
dividend would be payable at the head office, or any of the
branches, on and after Monday, the 18th instant.
The balance-sheet up to the 30th June was as follows
Ir.: To capital paid up, 571,8951. ; to reserve fund,
175,111111/. • to amount due by the bank for cus-
tomers' balances. he., 6,667,9871. 19s. Sd. ; to Liabili-
ties on acceptances and endorsements by the bank,
circular bobs., and letters of credit, 1,014,1821. 18s. 6d. ;
together, 7,702,170/. 17s. 11d. ; profit sad loss balance
brought from last account, 20,710. 3s. 2.d. ; gross profit for
the half year, after making provision for bad
awl doubtful debts, 141,717/. Ile. 4d. ; together,
162,4201. 14a. lid. ; total, 8,611,4861. 12s. sd. Cr.:
Br cub on hand at head office and branches, 849.5101.
7s. 11d. ; by cash placed at all and at notice, 1,076,291!.
ILK 3d.-together 1,925,8011. 18s. 2d. Investments, viz.,
br government and guaranteed stocks, 773,8111. 15s. 6d. ;
,ther stocks and securities, 109,6634 18s. lid. ; together,
N.3,475i. 14., ; by discounted bills, notes, and
temporary advance: to customers is town and
country, 533,6834 Se. ; by advances to customers
ea special securities, 277A101. 15s. 3d. ; together, 5,608,7141.
; freehold premises in Lombard-street and Niebelas-
Isse, freehold and leasehold property at the branches, with
tortures sad fittings, 102,315/. Oa. 7d. • interest paid to cus-
tomers, 29,715!. 15a. lrl. • salaries other expenses at
head office and branchea including /DOOM tax on profits
sod salaries, 61,4641. ls. 4i1.-total, 8,611,4861. 15h. sd.
Profit and Loss Account -To interest paid to onstoasers,
•P,715!. 15e. Id. ; to expenses, as above, 61,464/. ls. 4d. •
to renate on bills not due, carried to new account, 9,8561:
11d. ; to amount refunded in Ireland, re J. Sadler,
consequent oe the decision of the House of Lords,
.4.0341. 2s 11d. ; to dividend of 5 per mot
for the half.yemr, 26,573/. Ba. Bd. ; to balance car-
tad forward, 7761. 16s. 7d. ; total, 162,4201. 14s. 6d..
Br balance brought forward from last amount, 20,703/.
Is. ; gross profit for the half-year, after making provi-
sion for bad and doubtful debts, 141,717!. lls. tel. ; total,
162.4301. 14s. 6d." . .

The OUTMAN, to moving the adoption of the report,
dwelt on the satisfactory position of the bank in its various
departments. The reduction of 7.000/. io the sum divisible
vu, he observed, owing to the reductions in the rate of
discount.

After Pnme dismission the report was adopted. and the
meeting terminated in the metal manner.