The Sun.
London, England, 1864-08-05 00:00:00

LONDON AND COUNTY BANKING
COMPANY.

ESTABLISHED 1836.
Subscribed Capital £1,875,c00, in 37,500 shares of £5O each.
Paid-up Capital, £700,000 ; Reserve Fund, .£:00,000.
DIRECTORS.
Thomas Tyringham Bernard, John Fleming, Esq.
Esq., M.P. Frederick Harrison, Esq.
Philip Patton myth, Esq. Edward Huggins, Eqi.
John Wm. Burmester, Esq. Wm. Champion Jo., es, Esq.
Coles Child. Esq. James Laming, Esq
Hugh C. E. Childers, Esq., William Lee, Esq., M.P.
William Nicol, Esq., M.P.
GENERAL MANAGER.
William M`liewan, Esq.
ASSISTANT GENERAL MANAGER.
William Howard, Esq.
CHIEF INSPECTOR.
W. J. Norfolk, Esq.
CHIEF ACCOUNTANT,
James Gray, Esq.
INSPECTORS OF BRANCHES.
H. J. Lemon, Esq., and C. Sherring, Esq.
SECRETARY.
F. Clappison, Esq.
Head Office, 21. Lombard-street.

At the Half-Yearly Meeting of the Proprietors, held on
Thursday, the 4th August, 1861, at the London Tavern,
Bishopsgate-street, the fo lowing Report for the Year ending
the 30th June, 1861, was read by the Secretary.
WILLIAM CHAMPION JONES, Esq., in the Chair.

REPORT.
The Directors in submitting to the Proprietors the balance-
sheet of the Bank, for the half year ending 30th June, 1864,
have great plea,ure in reporting that the net profit for the
six months, after deducting al charges, amounts to £109,5 it
125. 4d., which, added to £16,668 3s. 10d. brought forward from
the last account, results in a total of £126,1119 165. 2d.
Out of this sum the Directors have declarer' a dividend 01
6 pt:r cent., and a bonus of '0 per cent. for the half-year, bo h
free of income tax, amounting together to £104,413, leaving a
balance of Z 2 ,726 168. 2d. to be carried forward to profit and
loss new account.
The dividend and bonus will be payable at the Head Office,
or at any of the Branches, on and after Monday. the 15th
August.

BALANCE-SHEET
Of the London and County Banking Company, 30th June,
1804.

DR.
To Capital paid up £692,913 15 0
To Reserve Fund
To Amount due by he Bank
for Customers' Balances,
dzo . £9,259,871 7 4
To Liabilit es on Accept-
ancal, Circular Notes, ac 2,5163,012 11 11
12,167,883 19 3

To Profit xnd Less Balance •
brought from ast Account 16,668 310
To Gross Profit for the Half
year. after making provi-
sion for Bad and Doubtful
Dcbts

CR.
By Cash on band at Head
Offices and Branch,s £1,4:0,615 7 10
By Cash placed at call and at
notice

Investments, viz.:—
By Government. and Gua-
ranteed Stocks 84'7,137 14 8
By other Stocks and Securi-
ties

307,367 6 4

£13,361,078 15 7

1;2,161,3E6 13 10

051,513 6 6

_
By Discounted Bills, and advaaces to Custo-
mers in town and country
By Freehold Premises in Lombard-street
and Nicholas-lane, Freehold and Lease-
hold Property at the Branches, with fix-
tures and fittings
By Interest paid to Customers 76,354 15 11
By Sala, ies and all other Expenses at Head
Office and Branches, including Income Tax
on Profits and Salaries

£13,361,078 15,7

PROFIT AND LOSS ACCOUNT.

DR.
To Interest paid to Customers £76,354 15 11
To Expenses, as above 72,315 9 11
To Rebate on Bills not due, carried to New
Account 32,527 4 4
To Dividend of 6 per cent. for Flalf-year 31,16i 2 6
To Bonus of 10 per cent.
To Balance carried forward

CR. X 307,367 6 4
By Balance brought forward from last Acc-innt £16,665 3 10
By Gross Profit for the Halt-year, after making
provision Or Bad and Doubtful Debts .... 290,699 2 6

£307,367 6 4
We, the undersigned, have examined the foregoing Ba-
Lance-sheet, and have found the same to be correct.
(Signed) WILLIAM NORMAN,}
R. H. SWAINE, Auditors.
JOHN WRIGHT.
London and County Bank, 23th July, 1864.

The foregoing Report having been read by the Secretary,
the following itesolutions were proposed and Unanimously
adopted :-
1. That the Report be received and adopted, and printed for
the use of the Shareholders.

2. That the cordial thanks of this Meeting are due, and are
hereby tendered to
PHILIP PATTON BLYTH, Esq.,
WILLIAM CHAMPION JONES, Esq., and
WILLIAM NICOL, Esq., M.P.,
for their special services and indefa 'gable exertions in pro-
moting the interests of The Bank, and that, in grateful recog-
nition thereof, a sum of Fifteen Hundred Guineas be applied
in the purchase of Plate, and presented to them as a i esti-
monial from the Shareholders of the London and County
Bank

3. That the thanks of the Meeting be given to the Board of
Directors, for the able manner in which they have conducted
the affairs of the C mpany.
4. i hat the thanks of the Meeting be presented to William
M`liewan, I,:sq , the General Manager, and also to the Prin-
cip,d and other Officers of the Establishment, for the zeal and
bility with which they have discharged their respective
duties.
(Signed) W. CHAMPION JONES, Chairman.

The Chairman hay'ng quitted the Chair, it was resolved
and carried unanimously -
S. That the cor .ial thanks of this Meeting be presented to
William Chan pi ,n Jones, Leg., for his able and courteous
Conduct in the Chair.
(Signed) P. P. BLYTIr, Deputy-Chairman_
Extracted from the Minutes.
(Signed) F. CLAPPISON, Secretary.