The Express.
London, England, 1866-08-03 00:00:00

---..,
THE PROVINCIAL
THIS RANKING CORPORA
( DA

The third ordinary general meet]v
holders was held at noon at the London Trews; lit
in the chair.

The following is the report and statement et
for the half-year ending the 30th June last I
" It will be seen that the grow profits, afte
for bad end donbiful de*
T 1
5501. 18 • . 2d. brought forward from
have been 30,9581. 18s. 9d. ; and thth
ducting all current expenses and Pa a(
customers, a balance of 12,0331.7.. 41. eamithids
Your directors recommend that this maim, imhe
profit, be appropriated in the following
5,650/. to the payment of dividend, free 0/1=1;,_114
the rate of 5 per cent. per annum for 'l4
1,0001. to the reserve fund to credit of al
expenses ; 2,2121. to rebate on bills ; 2,6211.
forward to new profit and loss seem! ;
last meeting, no new branches have big
The directors are glad to say that,
motet monotony crisis, the business of the balk
in a eatisfactery state. Sines the last
fromtip ththee
edieerectieneirt.
it
hill%
intended •
thardttlihage dithvreidtireiFidlbe payable on and after the lak
" Balance-sheet, June 30, 1866.-Dr.: To stow
the ,3101. ;to reserve fund, 2,500/. ;to nuttybank to customers an current, drtt, Woo
scants, sbalance 1a74,6421. Bs. 18. ; to st prosi,„
account, 1,600 L. 18a. 2d.; to lees amount votedby
to directors and auditors, 1,05a-5501. 18a
profit for half-year, after providing for badoaf " ,
debts, 30,4081. Os. 7d.-30,9581. 18s. 9d. ; Sal {ll(t
Cr.: By cash at Seed-office and branches, "
on call or short notice, and cheeks, he.. it
140,0001. Is. 6d. • by amount due from -
others on current ;mounts, bills of &elan" am
sore notes, he., 577,4771. 114 ; by Prelitatry.l9ol
11,2151. 12a. ;by freehold and
=MN at bead-cam and branches ; alp
niters and fittings at head-office and at all to 6.1
28,894/. Os. 11d. ; by amount paid for purcheas7
51,3921. 16s. 3d. ,• by expellees of eshihoL;
bank and branches, to., 6,506/. 13.. 3d. ;
expenses, including salaries, rent, he., at had 4;1
branches, 10,8811. 4e. Bd. ; by interest paid al
and deposit accounts, Ito., 8,0441. 6.. 91.-4ead
6s. 10d.
"Profit and Leas Amonnt.-Dr. : To eurreetaa.
as above, 10,8811.45. Bd. ; to interest paid, 8,04t1k1
to dividend, 5,8501. • to reserve fund, 1,0001.; is "
urinary expenses, 5501. ; to rebate on bills ask 41,,
ried to new account, 2,212/. • to balance °Whittle%
2,6211. 7s. 4d. Total, 30,9681. 184. 9d. Cc,: 21 •
profit as above, 30,9581. 18a. 9d."
The CIWZNAN, in moving the adoption ef th
said that it presented an increase of profit in 74
and they had made no loss of any sort ce
(Hear, Apr) The gross profits for the past yekt
45,0001. In the last hall year they were 31,0*,0,4
rate of 62,0001. a year, being an increase of 50 per a.;
the profits al the previous half-year. Hanelaaajt
the separate items of the last half-year with Quad,
present, he said it was the intention of the dimiell
resolution for writing off at cap W its
Pmrmii Ll y expenses and of purchases of
p mato,
wilch now appeared in the amounts es amts.
Mr. Carl, M.P., strongly advocated the phi
announced by the chairman of writing off the mini
ex pmnim and purchases of country business.
In reply to questions put to hint,
The G'liainuent said there was no intentioe et'
chasing any new business at present. Die,
rather develops that which they had.
instalment on account of the purchase of he:,
had been paid. In the amount of rebate m
forward, and in the amount carried forward to
profit and loss account they carried forward 5 pe
to the next dividend. (Hear, hear.) They did es
netsof a speculative kind and they intendedle Mai
same principle. The report was adopted sad a 4eB
at the rate of 5 per cent. per annum, free of Wean
was declared.
The CuoinitAN then proposed a resolution for Iraq
from the capital account the items of prelimimly arm
of purchase of business and expenditure in the mil
mont of the bank, amounting altogether to AMU
and reducing the shares from 101. to 71. paid.-the slj
being to miss the value of the shares in the are Ml.
After some discussion the resolution was agneilti
a vote of thanks to the Chairman terminated tho pa.
ings.

PARLIAMENTARY COMMITTEE-MN M

HOUSE OF LORDS.
(Before Lord Redesdale.)
LONDON, CHATBAK, AND DOVER RATLWAT OR
This is an act to authorise the London, Chains,
Dover Railway Company to make new strata, be
improving the access to their Ludgate Station, aid
confer powers and impose obligations on the Ou
of the City of London with respect to the art
altered streets, and for other purposes. The kit asi
exception of certain clauses relating to vadat 1,01,1
was passed, debenture holders of the conquay alp
the bill on those clauses. These clauses werzqd
lordship observing that he saw great
introduction of them, without the undies oil
debenture holders.