The Sun.
London, England, 1863-01-15 00:00:00

TWENTY-NINTH REPORT of the UNION
BANK of LONDON.
At a HALF-YEARLY MEETING of the Proprietors,
held at the Court-room of the Banking-house, 2, Princes-
street, Mansion House, on Wednesday, the 14th of January,
1863,

P. NORTHALL LAURIE, Esq., Governor, in the Chair,
The following Report was read by the Secretary :

The Directors have the pleasure to report that the net pro-
fits for the six months ending 31st December last, after pay-
ment of al charges (including the sum of £19,091 14s. sd.
for interest paid and due to customers on their Current and
Deposit Accounts), and making ample provision for all bad
and doubtful debts, amount to £67,239 3s. Id., which, with
the sum of £2,982 17s. 9d., brought forward from the 30th
June last, make together £70,222 Os. 10d.
The Directors now declare a dividend of 15s. per share, clear
of Income-tax, for the six months ending 31st December
last.

.......,.
After payment as above, amounting to £45,000, there will
amain a balance of £25,222 Os. 10d. for appropriation at the
end of the financial year in July next.

THE UNION BANK OF LONDON,
For the Half-year ending 31st December, 1862.
GENERAL BALANCE.
DR. LiAnfLrriEs.
Paid-up capital of the bank 4720,000 0 0
Due by the bank on current accounts, deposit
receipts (including interest accrued), and
ether obligations
Reserved Fund, invested in Consols, as per
Contra
Rebate on bills not due
Balance at credit of profit and loss

50,000 0 0
14,705 19 8
70,2.2 0 10

£13,731,283 6 4

CR. ASSETS.
Cash in the bank £5:1,370 6 11
Cash in Bank of England 514,713 5 0
Cash lent at call

£2,101,083 11 11

Investments in Government Stock, Exche-
quer Bills, Debentures, &c.
£53,727 Gs. Bd. Consols (taken at 93) Reserved
Fund
Bank premises, consisting of freehold build-
ings in Princes-street, Mansion-house-
street, Argyll-place, and Fleet-street ; •and
lease and fixtures of No. 4, Pall-mall East 108,775 4 5
Loans, bills discounted, .

50,001 0 0

£13,731,283 6 4

PROFIT AND LOSS ACCOUNT.

Amount of dividend of 15s. per share £45,000 0 0
Balance, being undivided profit carried for-
ward to next half-year

£70,222 0 10

Profit unappropriated on 30th June, 1862... £2,982 17 9
Amount of net profit of the hall-year end-
ing 31st December, 1862, after deducting
all expenses, and interest paid and due
(£49,091 14s. 5d.), allowed to customers on
their current and deposit accounts .
67,239 3 1

£70,222 0 10
The Governor then declared a Dividend for the past Half-
year of 15s. per Share, clear of income tax.
It was resolved unanimously—
That the report now read be adopted, printed, and circu-
lated among the Proprietors.
That the best thanks of the meeting be given to the Gover-
nor, the Deputy Governor, and the Directors, for their able,
judicious, and satisfactory conduct of the affairs of the Bank
during the past half-year.

That the cordial thanks of the meeting be given to Mr.W.W.
Scrimgeour, the General Manager ; Mr. Barton, the Manager ;
Mr. Ingpen. the Manager of the Regent-street Branch; Mr.
t. Barbe, the Manager of the Charing-cross Branch ; Mr.
Beattie, the Manager of the Temple-bar Branch ; and to
Mr. Newmarch, the Secretary, for the zealous and efficient
manner in which they have discharged their several duties.

(Signed) P. NORTHALL LAURIE, Governor.
That the thanks of the meeting be given to P. Nora all
Laurie, Esq., the Governor, for his conduct in the chair this
day.
(Signed) JAMES FARQUHAR, Deputy Governor.
Extracted from the Minutes.
HENRY NEWMARCH, Secretary.
N.B.—The Dividend will be payable on and after Tuesday,
the 20th instant.