The Sun.
London, England, 1870-02-08 00:00:00

POUR SICK and HELPLESS CHILDREN.
—The ROYAL INFIRAARY for CHILDREN
and WOMEN, Waterloo-bridge-road. Instituted 1810.
Increased PECUNIARY ASSISTANCE is most
urgently needed, and solicited, for continuing relief to the
poor little suffering inmates at this Hospital.
Office, Waterloo-bridge-road, S.E.
Bankers—Messrs. Fuller, Banbury, and Co., 77, Lom-
bard-street; and Messrs. Coutts and Co., 59, Strand. •
CHARLES J. F. RENTON, Secretary.

LONDON AND COUNTY BANKING
COMPANY.
Established 1836.
Subscribed Capital—£2,soo,ooo, in 50,000 Shares of
£5O each.
Paid,up Capital—£l,ooo,ooo. Reserve Fund—£soo,ooo.
DIRECTORS.
Nathaniel Alexander, Esq. Frederick Harrison, Esq.
ThoinasTyringhamßernard, Lord'Alfred Hervey.
Esq. Win. Champion Jones, Esq.
Philip Patton Blyth, Esq.. Edward Harbord Lushing-
John Wm. Burmester, Et.q. ton, Esq.
Thomas Stock Cowie, Esq. James Mor, Es
leyq.
Frederick Francis, Esq. William Nicul, Esq.

GENERAL MANAGER.
William M'Kewan, Esq.
CHIEF INSPECTOR.
W. J. Norfolk, Esq.
INSPECTORS OF BRANCHES.
H. J. Lemon, Esq., and C. Sherring, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
SECRETARY.
F. Clappison, Esq.
Hoad Office-21, Lombard-street.
MANAGER.
Whitbread Tomson, Esq.
ASSISTANT MANAGER.
William Howard, Esq.

At the Annual general Meeting of the Proprietors, held
on Thursday, the 3d Febinary, 1870, at the City Terminus
Hotel, Cannon-street Station, the following Report for
the year ending the 31st December, 1869, was read by the
Secretary.
WILLIAM CHAMPION JONES, Esq., in the Chair.
In presenting the Proprietors the Balance-sheet of the
Bank for the half-year ending the 31st December last, the
Directors have the pleasure to report that, after paying
interest to customers, and all charges, alowing for rebate.
and making provision for bad and doubtful debts, the net
profits amount to £57,669 19s. I')d. This sum, added to
£6,225 17s 7d. brought forward from the last ac ount,
•
produces a total of £93,895 17s. sd.
The usual Dividend of 6 per cent. for the half-year is
recommended, together with a Bonus of 2f per cent., both
free of income tax, which will absorb £85,000, and leave
£8,895 17s. sd. to be carried forward to profit and loss new
account. The present added to the June dividend will
thus be 17 per cont. for the year 18459.
The Directors have to announce the retirement of Jobn
Fleming, Esq., from the Board, and the election of Ed-
ward'llaTbordLushington, Esq., in his stead.

The Directors retiring by rotation are--
„FREDERICK FRANCIS, Esq,
THOMAS STOCK COWIE, Esq.,
and
FREDERICK lIARRISON, Esq.,
who, being eligible, offer themselves for re-election.
The Dividend and Boons (together £1 14s. por share),
free of income tax, will be payable at the Head Office, or at
any of the Branches, on and after Monday, the 14th inst.

BALANCE-SHEET OF THE LONDON AND COUNTY
BANKING COMPANY, 31sT DECEMBEit, 1869.
Dn.
To capital paid up £1,000,000 0 0
To reserve fund 500,000 0 0
To amount due by the
Bank for customers'
balances, ..... —£13,305,679 11 10
To liabilities on ac-
ceptances, covered
by securities
15,374,53 G 12 9

To profit :tad loss ba-
Luce brought from
last ticeount
To gross profit for the
half-year, after mak-
ing provision for bad,
and doubtful debts,
viz.
--- 256,701 3 7

£17,13J,240 16 4

Cit.
By cash on band atbead
office and branches,
and with Bank of
England .Z1,995,538 14 3
By cash placed at call
and at notice, covered
by securities
3,841,562 10 4
•

Investments, viz. :
By Government and
Guaranteed Stocks 1,370,628 0 7
By other Stocks and
Securities G1,073 10 4 •
--- 1,431,701 10 11

By discounted bills and
advances to custom-
count in town and
ry 9,402,260 8 8
By liabilities of cus-
tomers for drafts ac-
cepted by the bank,
as per contra
11,471,117 6 7
By freehold premises in Lombard-street
and Nicholas-lane, freehold and lease-
hold property at the branches, with
fixtures and fittings
By interest paid to customers 44,416 3 7
By salaries and all other expenses at head
office and branches, including income
tax on profits and salaries

£17,131,24016 4

PROFIT AND LOSS ACCOUNT.
Dn.
To interest paid to customers, as above £14,416 3 7
To expenses, as above lOl,lOl 0 7
To rebato on bills not due, carried to new
account
To dividend of 6 per cent. for the half-

ear • .
Toy bonus of 21 per cent.
To balance carried forward

60,000 0 0
25,000 0 0
8,895 17 5

X 256,701 3 7

CR.
By balance brought forward from last
account
By gross profit for the half-year, after
making provision for bad and doubt-
ful debts 250,478 6 0

6,225 17 7

.£256,704 3 7
We, the undersigned, have examined the foregoing
Balance-sheet, and have found the same to be correct.
(Signed) WILLIAM NORMAN,}
R. 11. SWAINE, Auditors.
London and County Bank, 27th January, 1870.
The foregoing Report having been read by the Secretary,
the following Resolutions were proposed and unanimously
adopted :-
1. That the Report bo received and adopted, and printed
for the use of the Shareholders.
2. That a Dividend of 6 per cent., together with a Bonus
of 21 per cent., both free of income tax, be declared for the
half-year ending the 31st December, 1869, payable on and
after-Monday, the 14th instant, and that the balance of
£8,895175. sd. be carried forward to profit and loss new
account.
3. That Frederick Francis, Thomas Stock Cowie, and
Frederick Harrison, Esquires, be re-elected Directors of
this Company.
4. That William Norman, Richard Hinds Swaine, and
William Jardine, Esquires, be elected Auditors for the
current year.
5. 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.
G. That the thanks of this Meeting .be presented to the
Auditors of the Company for their services during the
past year.
7. That the thanks of this Meeting be presented to the
General Manager, and to all the other Officers of the Bank,
for the zeal and ability with which they discharged their
respective duties.
(Signed) W. CHAMPION JONES, Chairman.

The Chairman having quitted the chair, it was resolved,
and carried unanimously—
F. That the cordial thanks of this meeting be presented
to William Champion Jones, Esq., for his able and cour-
teous conduct iu the chair.
(Signed) WILLIAM NICOL,
Peputy Chali man.
Extracted from the Minutes.
(Signed) F. CLAPPISON, Secretary.