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

LONDON AND COUNTY BANKING
COMPANY, Established 1830,
Subserib.:d In 30,000 shares of .E5l each.
Paid-up Capital—£6 0.001). Reserve Fund—X9).ooo.

DIRECTORS.
Thomas Tyringliam Beroard, John Fleming, Esq.
Esq.. M.P. Frederick Harrison, Esq.
Philip Patton Blyth, Esq. i Edward Hug.,gins, Esq.
John Wm. Burmester, Esq. Wm. Champion Jones, Esq.
Coles Chiid, Esq. James Laming, EFq.
lUFh C. E. Childers, Esq William Lee, Esq., M.P.
DLP"William Nicol, Esq., M.P.
GENERAL MANAGER.
Willi.tm 3Pliewan, Esq.
CIIIEF INSPECTOR. I ASSIST. G F.NERAL MANAGER
W. J. Norfolk, Esq. Wlll am Ho a ard, Esq.
CHIEF ACCOUNTANT.
James Or y. Esq.
INSPECTORS OF BRANCHES.
11. J. Lom, n, Eq., and C. Sherring, Esq.
Head Office—No. 21, Lombard street.

At the Half-ye rlv ATeetinzof the Proprietors, held on
Thursday, the nth August, 1563, at the London Tavern,
Bishops ate-street, the following. Keport for the halt year
ending. the :coth June, 1461, way read by the Secretary.
-WILLIAM CHAMPION JONES, Esq., in the Chair.

RE PRT.
The Directors, in submitting O
to the Proprietors the Ac-
counts of the Rank for the half year ending the 30th June
last, have the pleasure to report that the net profit, after de-
(Meting all charges, am mitts£r, to V,3,‘38 19s. 901., which, added
to £1,483 23. 3d. brought forward from the last account, re-
sults in a total of £65,,2215.
Out of this sum the Directors have declared a dividend of
6 per cent. for tit • half year, free of Income Tag, absorbing
.645,978 18s. 4d. ; they recDmm, end that £15,000 be added to the
Reserve Fund, and that the balance £14,343 3s. Sd., be carried
forward to Profit and Loss New Account
• The dividend will be payable at the Head Office, or at any
of the Branches, on and after Monday, the 17th instant.
BALANCE SHEET
Of the London and County Banking'
1853. Company, 30th June,

D.
To Capital paid up. ••• • • • ................. Z 500,000 0 0
eserve Fund ........................ 75,000 0 0
Amount due by the Bank
for customers' balances,
&c. .................. £7,765,126 210
Liabilities on acceptances
and endorsements by
the Bank, circular notes,
and letters of credit .. 789,366 11 9
8,554,492 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

186,869 19 7

£4,416,36214 2

Cn.
By Cash on hand at head
Office and branches £1,320,025 13 2
Cash placed at call and at
notice 1,043,438 2 0
£2,363,46315 2

Investments, viz.:—
Government and Guaran-
teed Stocks 555,629 4 3
Other Stocks Az Securities 104,77 i 5 5

661,404 9 8

Discounted bills and advances to custom-
ers in town and country
Freehold premi-es in Lombard-street
and Nicholas-lane, freehold and lease-
hold property at the branches, with
with fixtures and fittings
Interest paid to customers ....
Salaries and all other expenses at head
office and branches, luau :Wig income
tax on profits and salaries ....

106,613 911
37,355 0 10

67,027 6 1

£9,416,36214 2

PROFIT AND Loss ACCOUNT.

DR.
To Int( rest paid to customers
Expenses as above
Rebate on bills not due, carried to new
account
Reserve fund
Dividend of G per cent. for the half •year
Balance carried forward

£37,355 0 10
07,027 6 1

17,16; 10 8
15,003 0 0
35,978 18 4
14,343 3 8

£186,869 19 7

CR.
By Balance brought forward f rom last account £1,483 2 3
Gross profit or the half-year, after making
provision LA' bid and doubtful debts .. 185,386 17 4

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

(Signed) HENRY OVERTON,
R. H. SWAINE, 1 Auditors.
JOHN WRIGHT,
London and County Bank, July 30, 18t3.

The fore -oing Report hiving been read by the Secretary,
the following Resolutions were proposed and unanimously
adopted
1. That the Report be received and adopted, and printed
for the use of the Shareholders.
2. That £15,000 of the profit for the hall-year ending 30th
June, 1863, 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 retried unanimously
4. That the cordial thanks of this Meeting be presented to
William Champion Jones, Esq., for his able and courteous
conduct in the chair.

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

LONDON AND COUNTY BANKING
COMPANY.

NOTICE IS HEREBY GIVEN, That a DIVIDEND on
the Capital tock of the Company of 6 per cent., for the half-
year ending. 30th June, 1863, will be PAID to the Proprietors,
either at the Head face, 21, Lombard-street, or at any of the
Company's Branch Banks, ( n and after MONDAY, the 17th
inst. By order of the Board.
W. IPKEWAN, General Manager.
21, Lombard-street, August 6, 1863.

NEUSTADT CHARCOAL IRON WORKS
COMPANY (Limited).
Capital £230,000, in 11,500 Shares of £2O each. Deposit on
application 10s. per Share, and £1 10s. on Allotment. The
calls not to exceed £5 per share during, the first three months.
and no further calls to be made payable at shorter intervals
than Three Months. In the event of no Allotment being
made, all Deposit s to be returned in full.
The Company will be formed under the English law of
Limited Liabilify.
The Articles of Association will secure to the English
Shareholders the right to elect two-thirds of the Directors of
the Company durin the first seven years.
The amount expended in these works exceeds £340,000.
The purchase-money, to be paid by instalments. is £160,0)0 ;
and this amount, with £40,000 for gradual extension of the
works and working capital, will, it is estimated, be sufficient
to carry on the undertaking profitably.
Total present Capital required ................. ..£200,000
Of which a Mortgage may remain at 5 per cent of.. 50,000

Leaving Net Capital to be raised £150,000
Upwards of 4,000 Shar3s have already been taken,
amounting to
80,000

Leaving; 3,500 Shares now to be taken, amounting to 270,000

DIRECTORS.
harks Buck, Esq. (R. Buck and Co.), 1, Crosby-square,
Theodore Erich, Esq., (F. Steigerwald), 77, Newgate-street,
I,ondon. and Munich.
William Fowler, Esq., Sheepbridge Iron Works, near Ches-
terfield.
John Hed ey, Esq., her Majesty's Inspector of Works, Derby.
Adostrelpet. Knapp, Esq. (Loeder, Knapp, and Co.), 1, New Broad-

&ward Nehse, Esq., Nenstadt
Charles Phelps, Esq., 3, Rood-lane.
James Taylor, Esq. (James Taylor and Co.), 13, Penehurch-
buildings.

SOLICITORS.
Messrs. Hargrove, Fowler, and Blunt, 3, Victoria-street,
Westminster.

BANKERS.
The Consolidated Bank, 4. Lombard-street, London,
and Manchester.
AUDITORS.
Messrs. Chadwick, Walford, and Adamson, 27, Great George-
street, Westminster, and 75, King-street, Manchester.
Temporary Offices-27, Birchin-lane.

This Company is established for purchasing and working
the celebrated Iron Works, situate at Neustadt, on the
Hanover and Bremen R.,ilway.
These important works, well known in Germany for the
production of Charcoal Iron, were established in 1856-58, at a
cost ex eeding £340,000.
According to a report by John riedley, Esq., of Derby, one
of ll.M.'s Inspectors of Mines (which report may be seen at
the Office), the works consist of two blast turnaces— a foundry
ncontainings cupola and arrangements for a large casting busi-
nes forge—bar and plate milli with eight pairs of rolls—
shears—lathes, &c., capable, with slight additions, of turning
out annually 5,000 tons of boilerplates, and 3,000 tons of bars,
the whole of the machinery worked by steam
_power—
together with ample storehouses, workshops, and offices, and
cottages for twenty-five families.
The buildings are of a more substantial kind than is usual
for
coast
such purposes in England, and the machine, y, which is
rnoted with all recent improvements, is in excellent
condition, having been used for a short time only.
The deposit of iron ore belonging to the worksy
is practi-
cally inexhaustible; it is of very pure quality, of the s irne
composition as the clay band of the coalmeasures, and con-
tains from forty-two clay forty-four pee Government according
St the analysis of Dr. Percy, of the School g
Mines in London. As this mass of ore lies open to thew
dayo
It is worked without the expense of sinking shafts, pump-
The&c.
fuel employed being half wood charcoal and half peat,
entirely free from sulphur and phosphorus, plates and all
other descriptions of the finest quality are manufactured.
The extensive forests in the neighbourhood, and an inex-
haustible deposit of peat from 2u to 30 feet in thickness—
which is prepared at the works—supply the requisite fuel at
a cheap rate.
Cok edit supplied by neighbouring collieries, of a quality
equal he best North of England coke, with which superior
Iron for casting purposes can be made, and for which there is
will x
leave ten 8
yaeladregmeapnrdofitivt.roughout Germany, at a price which
The Iron
tare of first-clads_s_
made at these works is adapted for the manufac-
tenacious andplata
feo
piliates, bars, tyres, and steel ; and from the
rior armour "c character of some of the mixtures, supe-
yancer ,•hips can be manufactured.
For the cmve
property in eir,iqt fuel ,nd products of the works the
t miles of railway, three feet gauge,
besides two and three
ngs connecting the miles of main line, branch and
of Germany.
Isvuaourr:ksearwAh the Hanover and Bremen
line, and thus wito all
about fifty acres (65 Morgen`
The works are erecta ix'
of freehold land, and therriu!
Which
a e,opyhold farm of 172
liforgen (about 130 acres) on the Iron ore is worked
gw:discilla farm house and home-
twentyof Puddle Iron and about
understead feoernteheesstieunuan' comprising
p ri sin
Six hundred and of
tons
P-eces of dried peat rernai
ed in the puschaae.
of the excessive outlay made by the Com-
n upon the property,
And
nweou
nlm,bei
be included
luieleicirl,
eu
edi
together svith the mercan
fficulties brought
pany who essiotanblaitshtehdatthpeervvioodr,khenanciai
di
eid at a very low
t, le depression
voorrkginal cost.
them to stand. The whole is now Offer
f 2'l(o,ooo—being less then haft the
revessaril - nee
Price °",-;" ny now purchasing the 1 The k_oinpa ,
I 1 may at o
avoiding the delays
Y attendant
erection of works of such finitude,ma
on the first
)ect of an early dividend, and there-
commence bus ine,s,
fore with p
a -11" id
resident Manager will be sent from Eng-
A n experience
land. capital f £230,000, with the exte i
1 his total cap
leercarefully estimating the na
ons
Upon
Ildy, a
cost of
Proposed, Mr.
the supposition that the present high
produltion, an de
cothe _
Zollverein on foreign iron are repealed
protective duties of
d furyears to come) shows a clear profit
• h is not expecte
With the first issue of 7,500 shares
(which is
cent. . . ,
of upwards of 20 per
t X 150,000, the works can be started to
a capital o
and 4,500 tons of plates annually ;
representing
.00 of bars,
t the rate of 5 per cent on the
produce 1, tons
rest a
i t
per cent. may be realised
and atter paying' Al
dividend of 11 p
in re-rollingrealised.
rails
mortgage of X 50,000, a
ble item of profit1
i h t
_prisent are
There is also a considerable stem which a
of the G, rtnan and Austrian r
Works, wait a carriage of al,:
• Iron
sent to the Westphalian
miles beyond Neustadt. coke iron, re-
Thehthe unissued shares
additional furnaces for man
ufacturing
commended by Air. Hedley, and forwhic
the pre.
d for , ss. per ton,
will be called, wil• be post, one
h sentcost of ore to
t d'
The prospectiv.. reduction in the
1 ildesheim is consucte r
11 y
when the line from Ringleheim to I
about L 6,000 annually
to the mixture of coke iron, will add
to the profits.
lication may a
Bankers
Prospectuses and forms of App had at the
-rr
be
Temporary Offices, and Solicitors, an of the Brokers, 0
of the Company,