The Sun.
London, England, 1864-07-29 00:00:00

BAN

The Bank of England.
Messrs. Glyn, Mills, and Co.. 67, Lombard-street,
The Agra and Masterman's Bank, 35, Nicholas lane.
The Consolidated Bank, 7, Fenchurch. street.
REPORT of the PROCEEDINGS at the SECOND
ORDINARY GENERAL MEETING of Shareholders,
held at the London Tavern, on THURSDAY, 28th July,
1864 ;
WILLIAM CHARLES BROWN, Esq., in the Chair.
The Secretary read the notice convening the meeting,
and the following report of the Directors and the statement
of amounts :
The Directors feel much pleasure in being able to present
a statement of accounts showing that the business of the
Company continues to make steady and most satisfactory
progress, and that a safe and prcfitable business has been
transacted.
The gross profits made during the six months ending the
30th uit. have been £72,90i 3s 4d. This amount, after de-
ducting £43,741 15s 4d for rebate on bills not due, and the
current expenses. has enabled the Directors to increase the
reserve fund to £25,000, and to declare a dividend at tho
rate of eight per cent. per annum (free of .ncome tax), pay-
able on and after Monday, the Ist of August next, leaving
a balance of £1,411 13s 9d to carry forward to profit and loss
new account.
The Directors desire to call attention to the following
facts. In April, 1863, soon after commencing. business,
the amount of loans and deposits entrusted to the Com-
pany was about £1,000,000 ; at the close of the veer the
amount was £2,600,000; on the 30th June last, as the an-
nexed accounts show, it had augmented to nearly three
millions and a half,
As the extent of the Company's operations must in a
great measure be proportionate to the amount of deposits
and loans placed in its care, the Directors wish to observe
that the more the Shareholders and their friends become
depositors the greater wilt be the profits accruing to the
Company.

W. C. BROWN. Deputy-Chairman.
H. J. WESTRtP, Secretary,

BALANCE SHEET, 3Ont JUNE, 1561.
DR. _ _

To capital-50,000 shares, £5 paid £400,000 0 0
To reserve fund
To amount due on loans, dcpo6its, &,&c , 3,416,921 16 2
To amount carried to profitand loss account,
after making fall allowance for bad and
doubtful debts

72,991 3 4

£3,907,901 7 1

By investments in Consols and cash at
bankers ....
By bills diseotiated, advances, &e. ...... 3,464,092 4 11
By lease, fixtures, furniture, &c.

£3,907,901 7 1
PROFIT AND LOSS
For the six months ending 3Uth June, 1864.
DR. _ .

To current expenses includingsalaries,re. nt,
stationery, advertisements, directors' tees,
auditors' fees, depreciation in value of
lease, fixtures and fu.rniture, income tax,
4826 1 10
. ..................
To rebate ou bills discounted, not yet due.
carried to interest new account 43,741 15 4
To dividend for the six months at the rate of
16,000 0 0
8 per cent, per annum
To amount carried to reserve fund
To balance carried to profit and loss new
1,411 13 9
account ................

£72,991 3 4

CR.
By balance of gross profits brought down 172,991 3 4
Examined and found correct, July 20, 1864.
W. B. FORD, 1
J. P. JUDD, f Auditcrs'
It was moved by the CHAIRMAN' seconded by W. C.
HARNErr, Etq. • and resolved unanimously:
" That the report 05 Esq.;
Directors, and the statement of
accounts now submitted, be adopted."
It W3S moved by 11. ROBARTS, Esq.; seconded by RICIID.
JAMES, Esq. ; and resolved unanimously :
" That the best thanks of the shareholders be given to the
Chairman and the Board Of Directors."
It Esq. ;
was
sENTHAL moved by ItdCITATID JAMES, Esq.; seconded by
A.
and resolved unanimously :
Mo,
" That a cordial vote of thanks be giveu to Mr Wilkin-
son, the Managing Director.
(Extracted from the Minutes.)
By order,
11. J, WESTRUP, Secretary.
N.B. The Dividend Warrants will be sent by post to
each shareholder, and will be payable at the Agra and
Masterman's Bank, 35, Nicholas-lane, Lombard-street,

BUSINESSES.—Mr. ANDR ENV HIND has for
SAL E—Cornchandlers', from £5O to £1,00.0; Green-
grocers', £5O to £3 0; Coachbuilders', £5O to £7 0 ; Confec-
tioners', Ch mists', .M.lliners', Stationers', from £45 to £400:
Grocers', from £5O to £2,00o; Cneesemongers', XV; to £350 ;
Drapers'. £2.)0 to .£5,01,0
£lO to £1,200; Dairies, £ioß lets', £75 to £10,4 • Coffeehouses,
Arn, i 0 to £,O ; byster-rooms,
Restaurints, &c., o .£l6 00 ; Laundries, £5O to £%O
Oil, Cigar, Fish, ham, and Toy Shop , £5., to £31.0 ; ann
nunieroui oth,r, in every trade. Commercial and General
.Ag.:Lcy Offices, corner of Little Carter-lane, St. Paul's.
The Jt(l37 List, containing 500, gratis,