The Sun.
London, England, 1863-08-08 00:00:00

At the half-e •rly Meetity, of the Proprietors, held on
Thursd
• thYoth August, 1563, at the London Tavern,
..,tstmpsg-ate-street, the followinr, ttepert for the halt year
eriginf. the :Oth June, 188-z, was read by the Secretary.
WILLIAM UII A MPION JONES, Esq., in the Chair.
16
The Directors, in submittinP O T
g to the Proprietors the Ac-
counts of the Bank for the halt year ending the 30th .Tune
last, have the pleasure to report that the net profit, after de-
,dn't int:- all charges, amounts to £53,,38 19s. ed., which, added
To £1,453 2s. 3d. brought forward from the last account, re-
sults in a total of
Out et this sum the Directors have declared a dividend of
6 per cent. for th • half year, free of Inoome Tax, absorbing.
£'s'o7B 188. 4d. ; they recommend that £15,000 be added to the
Reserve Fund, and that the balance £11,343 3s. Sd„ be carried
forward to Profit and Loss New Account
The dividend will be payable at the Bead OM
Ines instant.
BALANCE at any
Of the Branches, on and alter Monday, the 17th
BA LANCE SHEE T
Of the London and County Thinking Company, 30th June,
1863.

DR.
TO Capital paid up...... . . ................. £500,000 0 0
,000 0 0
]reserve Fund ........................ 75
Amount due by the Bank
for customers' balances,
£7,765,126 2 10
Aze.
Liabilities on acceptances
and endorsements by
the Bank, circular notes,
and letters of credit
- 8,551,492 14 7

Profit and loss balance
brought from last ac-
count 1,483 2 3
Gross profit for the half
year, after making pro-
vision for bad and
doubtful debts

18(1,86919 7

£x,416,36214 2
By Cash on hand at head
(Mice and branches .....C1,320,025 13 2
Cash placed at call and at
notice 1,043,438 2 0
££2,3643 2

Investments, viz. :
G overnment and Guaran-
teed Stocks 555,629 4 3
Other Stocks k Securities 104,775 5 5

660,404 9 8

Discounted bills and advances to custom-
ers in town and country
Freehold premi,es in Lombard-street
and Nicholas-lane, freehold and leases
hold property at the branches, with
with fixtures and fittings 106,623 9 11
Interest paid to customers .... • 37,355 0 10
Salaries and all other expenses at head
office and branches, incluiing income
tax on profits and salaries . .

67,027 6 1

£9,416,36214 2
PROFIT AND LOSS ACCOUNT.

DR.
To interest paid to customers
Expenses a% above
Rebate on bills not due, carried to new
account 17,165 10 8
Reserve fund 15,001 0 0
Dividend of 6 per cent. for the half-year 35,978 18 4
Balance carried forward

£37,355 0 10
67,027 6 1

£186,869 19 7
CR.
.By Balance brought, forward from last account £1,483 2 3
Gross profit or the half-year, after making
provision for bad and doubtful debts .. 185,386 17 4

£186,869 19 7
We, the ttudyrsigned, have examined the foregoing, balance-
sheet, and have found the same to be correct.

(Signed) HENRY OVERTON,
R. TI. SWAINE, Auditors.
London and County Bank,JOHN
July 30, 18(3.WRIGHT,

The fore zoing Report having been read by the Secretary.
the following Resolutions were proposed and unanimously
ad opted :-
1. That the Report be received and adopted, and printed
for the use of the Shareholders.
2. That .C 15,000 of the profit for the half-year ending 30th
June, 1853, be added to the Reserve Fund.
3. That the thanks of this Meeting be given to the Board
of Directors for the able manner in which they have conducted
the affairs of the Company.
(Signed) W. CHAMPION JONES, Chairman.
The Chairman having quitted the chair, it was resolved,
and Carried unanimously
4. That the cordial thanks of this Meeting be presented to
William Champion Jones, Esq., for his able and suurteous
conduct in the chair.

(Signed) W. NICOL, Deputy-Chairman,
Extracted from tivd Minutes.
(Signed) F, CLAPPISON, Manager.