The Sun.
London, England, 1862-02-07 00:00:00

REPORT,

The Directors lay before the Proprietors a general state-
ment of the affairs of the Company for the half-year ending
the 31st December, 1801, which they hope will be fund
satisfactory.
From the balance-sheet it will appear that the net profit of
the Bank for the past half-year, including the sum of
£19,417 3s. 3d. brought forward, and after deducting interest
paid to customers, all expenses of manactement, income-tax,
and rebate, and making provision for bad and doubtful debts,
amounts to £63,203 3s. 2d.
Your Directors recommend that the usual Dividend of 6
per cent. be declared together with a Bonus of 2t per cent.,
upon the paid-up capital of the Company, free of income-tax,
which, if approved by the Proprietors, will leave the sum of
£20,703 3s 2d. to be carried forward to the next Account.
In consequence of the great increase in the business of the
Bank, your Directors have considered it advisable to augment
the capital stock of the Company by the 1-sue of 5,000 addi-
tional shares, to be offered in the first instance, pro rata,
amongst the Proprietors as they appeared in the Register on
the 27th January last, being the date when the Transfer
Books of the Company were closed. Such shares to be issued
at file price of £3O (being a premium of £lO per share) to
be paid by instalments,•the details of which will be imme-
diately transmitted by circular to each proprietor.
This measure will produce £150,000, out of which it is pro-
posed to add £lOO,OOO to the capital stock of the Company,
and £50,000 to the Reserve Fund, thus raising the former to
£300,000, and the latter to £175,000.
The Directors retiring by rotation are—William Cory, Esq.,
Coles Child, Esq., and Thomas Mills, Esq., M.P., who have
given notice of their intention of becoming candidates for
re-election.

The Dividend will be payable at the Head Office, or any of
:he Branches, on and after Monday, the 17th instant.

BALANCE SHEET OF THE LONDON AND COUNTY
BANKING COMPANY, 31st December, 1861.
DR.
To Capital paid-up £500,000 0 0
Reserve fund 125,000 0 0
Amount due by the Bank for
Customers' Balances, &c. £6,483,900 6 2
Liabilities on Acceptances
and Endorsements by the
Bank, Circular Notes, and
Letters of Credit
6,609,629 2 4
Profit and loss balance

brought from last account. £19,473 3 3
Gross profit for the half year
after making provision for
bad and doubtful debts .. 150,574 9 1

170,047 12 4

£7,704,676 11 8

Ca.
By cash on hand athead office
and Branches £758,336 12 7
Cash placed at call and at no-
tice 815,135 18 10

1,573,472 11 5
Investments, vis.:
Government and Guaranteed
Stocks
Other stocks and Securities

890,212 0 8

Discounted Bills, Notes, and
temporary advances to Cus-
tomers in town and coun-
try 4 753,824 11 9
Advances to Customers on
special securities

5,051,610 19 0

Freehold premises in Lombard-street and
Nicholas-lane, freehold and leasehold
property at the Branches, with fixtures
and fittings
Interest paid to Customers
Salaries and all other expenses at Head
Office and Branches, including income tax
on profits and salaries

96,092 10 1
38,115 4 5

55,173 9 1

£7,764,67614 8

PROFIT AND LOSS ACCOUNT.
DR.
To interest paid to Customers
Expenses, as above
Rebate on Bills not due, carried to New
Account
Dividend of 6 per cent. for the half-year
Bonus of 2} per cent
Balance carried forward

£38,115 4 5
55,173 9 1

13,555 15 8
30,000 0 0
12,500 0 0
20,703 3 2