The Sun.
London, England, 1862-07-11 00:00:00

BILLINUOCIATE 1(1 Blt Li eumPArsit
(Limited).
EXTRACT FROM PROSPECTUS.
Capital, £50,000, in 100,000 shares of £5 each.
Deposit, on letter of application, 10s. per shire.
On allotment, £2 10s.
BANKERS—lmperial Bank, Lothbury.
This Company is formed for prosecuting the Trawling,
Line Fishing, and Carrying of Fish, and the Sale of Ice. It
Will not be antagonistic to the present fishing establish-
Inents, for the Directors seek to combine the interest of exist-
ling Smack owners of the Thames, whose business has been
-"png and successfully conducted, into a common joint-stock
enter and
A large fleet may be worked much more econo-
pically than several small ones—the take of fish by one por-
tion compensating- for ill success on the part of others. A
~ariZe fleet also lessens individual risks, and affords a fairer
unit' ihution of average profits. Above all, a numerous fleet,
Owned by one proprietary, provides for a steady and regular
pPpiy of fish to market: one portion becoming carriers to
rest by coilecting from the vessels on the fishing ground.
large
smack owners, whose vessels will be purchased, will be
shareholders in the Company, and promise the Direc-
tors the benefit of their long and pr, ctical experience. With
such assistance, and the interest taken, and support proffered
by ,„Wesmen of Bitlinvsgate in the working of th^ Company,
the Directors anlicipate that the shares will become a source
of first-class investment, and command a premium.
Por prospectuses apply to the Secretary, L. °hick, at the
office, 27, LeadeLhall-street, E.C.

TWENTY-EIGHTH REPORT of the UNION
BANK of LONDON.
At a GENERAL 3IEETING of the Proprietors, held at
the Court-room of the Banking-house, 2, Princes-street,
Mansion House, on Wednesday, tie 9th of July, 1862,
P. NORTHALL LAURIE, Esq., Governor, in the Chair,
The following Report was read by the Secretary :
The Directors have much satisfaction in presenting their
Renort on the affairs of the Bank for the last half year, from
Which it will be seen that the net profits for the six months
ending.- 30th June last, after payment of a I charges (includ-
ing the sum of ..C18,613 s. 10d. for interest paid and due to
customers on their Current and Deposit Accounts), and
Making due pr ,vision for all bad and doubtful debts, amount
to £75,522 7s. 6d., which, with the sum of £22,460 10s. 3d.,
nought forward from the 31st December last, leaves for ap-
Propriation £97,982 178. 9d.
The Directors now have the pleasure of declaring an in-
creased dividend of 15s. per share, clear of Income-tax, f r the
X months ending 30th June last, amounting to the sum of
£45,000 ; and they feel assured that the Proprietors will
share in their satisfaction in being able to appropriate £50,000
to the reserved fund. After T'avment of these two sums,
amounting to £95,000, there will rmnain an unappropriated
balance of £2,982 17s. 9d. to be carried forward to a new profit
and loss account.
The following Directors retire by rotation, viz.:—
Sir John Musgrove, Bart.,
Thomas A. Gibb, Esq., and
John Scott, Esq.,
Who being elioible offer themselves, and are recommended
by the ' Court, for re-election.
London, July 9, 1862.

THE UNION BANK OF LONDON,
For the Halt-year ending 30th June, 1862.
GENERAL BALANCE.

LIABILITIES.
r,ald-up capital of the bank
"tic by the bank on current accounts, deposit £720,000 0 0
receipts (including interest accrued), and
_other obligations
Rebate on bills not due
)3a lance at credit of profit and loss

£12,249,491 15 10

ASSETS.
,aF3h in the bank .E 45 ,010 3 5
,"sh in Bank of England 526,685 0 11
'ash lent at call

£1,853,695 4 4

Investments in Government Stock, Exche-
, quer Bills, Deentures, &c.
▪ ,Ilk premises, consisting of freehold build-
'4gs in Princes-street, Mansion-house-
street, Argyll-place, and Fleet-street ; and
lease and fixtures of No. 4, Pall-mall East 108,775 4 6
"ant% bills discount d, &c.

756,442 5 7