The Sun.
London, England, 1848-07-20 00:00:00

EIGHTH RETORT OF THE DIRECTORS OF THE

C 6-Eiifiltdl AL BANK of LONDON,
Lothbury, and 6, Henrietta-street, Covent-garden.

DIRECTORS.
CHAIRMAN—JOHN TAYLOR, Esq.
DEPUTY-CHAIRMAN—THOMAS HAHNE WALL, Esq.
Charles Dickson Archibald, Esq. Jonathan Hopkinson, Esq.
William Beresford, Esq., M.P. Edward Oxenford, Esq.
William Sprott Boyd, Esq. John Savage, Esq
•

• _
Jolin Alfred Chowne, Esq,
William Cooper, Esq.

. . .
James Alexander Douglas, Esq,
Charles Hill, Esq.

Joseph Thompson, Esq.
Joseph Underwood, Esq,

Richard Walker, Esq., M.P.
Thomas IVinkworth, Esq.

sommons,
Messrs. Amory, Nelson, Travers and Wyn ; and
Messrs. Norris acid Sons.

The advertisement calling the meeting having been read, the fol-
lowing report from the Directors was read by the Manager

REPORT.

In presenting the eighth annual statement of the affairs of the
bank, the Directors congratulate the proprietors upon the result of
the year's operations; and It is a sourc of inneh gratification to find
that they are enabled to continue the ttvidend of GI. per cent. per
annum, and to make a further addition to the guarantee fund, not-
withstanding a momentary crisis more severe in its pressure on the
mercantile affairs of the kingdom than any experieaced for many
years past.

_
It will be seen by the annexed balance-shee'', that after writing off
the bill and doubtful debts, awl paying the eh urges and currma ex-
penses of the past year, the net profits a•nount to 11,56t1. 153. 2,1,
t Jut of these p:ofits a dividend, at the rate of G per cent. per annum,
tOr tho half-year ending 31st December, 11147, has been already paid,
and the Directors have now to declare a divlden4 for the ha:f•year
ending 30:h Jure, 1848, at the same rate, and, as usual, free from
income-t .x. _ . .

Alter paying this dividend and deducting rebate of interest upon
current bills, there will remain a balance of 2,1691. 13s. 4d. to be
added to the reserve fund, increasing that fund, with the addition
made during the year, to 17,3861. 9s.
In compliance with the provisions of the deed of settlement, the
following Directors retire front office, viz , Edward Cotton, Esq.,
William Rtckford Collett, Esq., James Alexander Douglas, Esq.,
and Edward Oxenford, Esq., being eligible, offer themselves as can-
didates for re-election ; and Charles Hill, Esq., and Thomas Wink-
worth, Esq., who are duly qualified proprietors, offer themselves as
candidates.

COMMERCIAL BANK OF LONDON.
Balance Sheet, June 30, 1818.
-Ca-pital-subscribed•• •• ••.. •• .• —£641,400 0 0
Capital paid up ..... •• •••• •• •• • • • • £128,280 0 0
Guarantee fund invested in 3 per cent. Reduced
Balance due to the customers of the bank.. • . ••
Balance carried down. after deducting bad, and
doubtful debts, and paying all charges and cur-
rent expenses.... •• •• •• .• • • • •

Cash in hand, government securities, bills dis•
Value of banking premises, fittings, and furniture.,

15.216 15 3
406,217 13 11

11,568 IS 2

£561,283 4 0

£557,283 4 9
4,000 0 0

£561,283 4 9

Dividend at the rate of 6 per cent. per annum, for
the half-year ending 31st Dec., 1847, already paid £3,848 8 0
Ditto at ditto, for the half-year ending 30th June,
..••••••••••••.• $,848 8 0
1818.
Rebate of interest on current bills
Balance carried to the guarantee fund,
making that fund• • ...• •• .• .... £17,386 9 0

11,169 13 4

£11,568 15 2

Balance brought down ...........• X 11,56tt 1f 2

The report and balance-sheet having been read, the chairman,
John Taylor, Esq., on the part of the Directors, declared a .divi-
dend at the rate of V. per cert. per annum, free of income tax,
payable on and after the Ist of August next.
Resolved unanimously—That the report just read, be approved,
printed, and circulated amongst the Proprietors.
Resolved unanimously —That James Alexander Douglas, Esq., be
re-elected a director of this Company.
Resolved unanimously—That Edward Oxenford, Esq., be re-
elected a director of this Company.
Resolved unanimously—That Charles Hill Esq., be elected a di-
rector of this Company.
Resolved unanimously—That Thomas Winkwortb, Esq., be elected
a Director of this Company.
Resolved unanimously—That the thanks of this meeting be pre-
sented to the Chairman, Deputy-Chairman, and Directors, for the
very able manner in which the affairs of the Bank have been con-
ducted by them.
Resolved unanimously—That the cordial thanks of this meeting
be given to Mr. A. R. Cutbill for his able and zealous services in the
management of this Bank.

(Signed)

JOHN TAYLOR.

The Chairman having left the chair, it was
Resolved unanimously—That the thanks of this meeting be given
to John Taylor, Esq., for his able and courteous conduct in the chair
this day.
(Signed) THOMAS BARNEWALL, Deputy-Chairman.

COMMERCIAL BANK OF LONDON.
The Directors hereby give notice, that a DIVIDEND on the
paid-up Capital, at the rate of 6/. per cent, per annum, fi ee of iu-
come-tax, for the half-year ending 30th June, 1848, will be TAX-
ABLE at the banking-house of the Company, in Lothbury, on and
after the Ist of August next.

July 18, 1848.

By order of the Board,
A. B. CUTBILL, Manager.

Just published, in G 2 PaWs7-------
SUGGESTIONS for a REFORMATION in
cy the CHURCH of ENGLAND, and for the EDUCATION of
the PEOPLE of the EMPIRE.
By EDWARD MORRIS, M.D.
Whittaker and Co., Ave Maria-lane, and Ridgeway, Plctadilly ;
and sold by all Booksellers.