The Sun.
London, England, 1846-02-07 00:00:00

LONDON AND COUNTY JOINT-STOCK
BANKING COMPANY.
Parent Establishment, 21, Lombard-street.
DIRECTORS.
WILLIAM HAWES, Esq., Chairman.
EMANUEL COOPER, Esq., Deputy-Chairman.
William Cory, Esq. John Cuthbert Joyer, Esq.
James William Deacon, Esq. Alexander Rogers, Esq.
William Evans, Esq. Richard Springett, Esq.
John Griffith Frith, Esq. Clement Tabor, Esq.
Swynfen Jervis, Esq. John Wheelton, Esq.
General Manager—Henry Luard, Esq.
At the ANNUAL MEETING of Proprietors, held on Thursday,
Feb. 5, 1846, at the London Tavern, Bishopsgate-street, the following
Report for the !year ending Dec. 31, 1845, was read by the Secretary.
W. HAWES, Esq., in the chair.
REPORT.
Your Directors, in laying before the proprietors the financial state-
ment of the London and County Bank for the last six months, have
the pleasure to report the continued and increasing prosperity of the
Company.
Your Directors recommend the payment of the usual dividend at
the rate of five per •cent. per annum (free of income-tax) on the
capital stock of the Company for the half-year ending the 31st of
December, 1845, and that the surplus, 3,4501. ss. Id., which remains
after the payment of the dividend, the expenses of the establishment,
the interest on deposit and current accounts, the rebate of bills
not due, and the allewance for bad and doubtful debts, be carried, as
heretofore, to the credit of the Reserved Fund, which will then
amount to 18,2831. 17s. 4d., making an addition to that fund in the
year 1845 of 5,5561. 4s. 6d.
Your Directors, referring to their notice in the last report of the
debt of Colts and Co., beg to state that, in consequence of the improv-
ing value of the securities held by the Bauk, the approbation of any
part of the Guarantee Fend to its liquidation is considered un-
necessary.
The dividend will he payable at the head office and branch banks
of the Company on and after the 16th instant.
The members of the Board retiring by rotation are—William
Evans, Esq., John Griffith Frith, Esq., and Emanuel Cooper, Esq.,
and notices have been received that these gentlemen intend to be-
come candidates for re-election.
BALANCE SHEET of the LONDON and COUNTY BANKING
COMPANY, December 31, 1845.

Dr.
Paid up Capital
Reserved Fund

.. 1200,510 0 0
.. 14,833 12 3
4215,343 12 3
Due to customers on current and deposit accounts 1,489,738 7 9
Gross profits for the half-year carried down • . 42,649 16 8

£1,747,731 16 8

.. £279,408 3 7
.. 1,401,676 11 1
22,832 6 1

Cash on hand • • .•
Securities, discounted bills, &c. •
Bank premises, freehold and leasehold • • • •
Preliminary expenses, and expenses of establishing
.. 17,154 2 9
branches
Current expenses, salaries, rent, and bad and doubt-
ful debts • • • . .• .. • •
Interest paid on current and deposit aceotuits • .

18,226 14 5
8,433 18 94

£1,747,731 16 g

Dr.
Current expesses, salaries, rest, &c., of head office
and branches, iaterest allowed on current and
deposit accounts, rebate oa bills not due, and al-
lowance for bad and doubtful debts.. •• • • £24,860 12 2
half-year's Dividend at 5 per cent., free from do-

duction for income-tax • • .•
Balance carried to Guarantee Fund • •

4,238 18 5
3,450 5 1

£42,649 16 8

Cr.
Gross profits for half-year brought down ..

.. £42,649 1G 8

We, the undersigned, have examined the foregoing balance sheet,
and compared the items it comprise. with the several books and
accounts relating thereto, and have found the same to be correct.
(Signed) JONATHAN BARRITT.
JOHN DONKIN.
London and County rank, January 29, 1846.

The foregoing Report having been read by the Secretary, the fol-
lowing resolutions were severally proposed, and unanimously
adopted :-
1. That the report be received and adopted, and printed for the
use of the proprietors.
2. That a dividend at the rate if live per tent. per annum be
declared upon the capital stock of the Company, clear of the income-
tax, for the past half-year, payable on and after Monday, the 16th
day of February instant.
3. That the balance of 3,4501. ss. Id. remaining to the credit of
the profit and loss acco int be carried to the guarantee fund.
4. That the thanks of this Meeting be given to the Directors fbr
the able manner in which they have conducted the affairs of the
Company during the past year.
5. That the sum of 2,0001. be placed at the disposal of the Directors
for their remuneration for the current year.
6. That the thanks of this Meeting be presented to the Auditors of
the Company,Jonathan Barrett, Esq., and John Donkin, Esq., for the
past year, and that they be requested to continue their services
during the current year.
7. That the thanks of this Meeting be presented to Henry Lnard,..
E.g., the General Manager, the Inspector, secretary, and the re-
spective Branch Managers, fir the zeal and ability with which they
have discharged the duties of their several offices.

The ballot for the election of three Directors having been pro-•
ceeded with, the following gentlemen were unanimously re-elected
—William Evans, Esq , John Griffith Frith, Esq.' and Emanuel
Cooper, Esq.. (Signed) HARRIS,S, Chairman.
The Chairman having left the chair, it was unanimously resolved—
That the best thanks of the Meeting be given to William Hawes,
Esq., for his able and courteous conductE I,linAticheucEhLairc.ooPEß.
(Signed)
Extracted from the miautes,
(Signed) R. P. NICHOLS, Secretary.

LONDON AND COUNTY JOINT-STOCK.
BANKING COMPANY.
Notice is hereby given, that a DIVIDEND, at the rate of fl ye
per cent, per annum, on the capital stock of the Company, for tit '0
halt year ending the 31st of December, 1845, will be PAID to th
Proprietors, either at the parent Establishment, 21, Lombard-
street, or at any of the Company's branch banks, on and after
MoNnir, the 16th of February instant.
lay order of the Board,
HENRI- IXARD, General Manager.
21, Lombard-street, Feb. 5, 1546.