The Sun.
London, England, 1869-08-09 00:00:00

LONDON AND COUNTY BANKING
COMPANY.

Established 1836.

Subscribed capital, £2,500,000, in 50,000 Shares, of
£5O each.

Paid-up Capital, .£1,000,-0-00-ilieserve Fund, £500,000.

itscioits.
Nathaniel Alexander, Esq. I Frederick Francis, Esq.
Thos. Tyringham Bernard, Frederick Harrison, Esq.
Esq. I Lord Alfred Hervey.
Philip Paton Blyth, Esq. William Champion Jones,
John Wm. Bnrmester, Esq. Esq.
Thomas Stock Cowie, Esq. James Morley, Esq.
John Fleming, Esq. William Nicol, 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, Esn.
SECRETARY.
F. Clappison, Esq.
HEAD OFFICE.
21, Lombard-street.
MANAGER.
Whitbread Tomson, Esq.
A S,ISTANT-MANAGER.
William Howard, EN.

At the Half-yearly General meeting of the Proprietors,
held on Thursday, the sth August, 1869, at the City
Terminus Hotel, Cannon-street Station, tho following re-
port for the half-year ending the 30th June, 1869, was
read by the Secretary.

PIIEDERICK'FRANCIS, Esq., in the Chair.
The Directors, in presenting to the Proprietors the
balance-sheet of the Bank for the half-year ending 30th
June last, have the satisfaction to report that, after paying
interest to customers, and all charges, allowing for rebate,
and making provision for bad and doubtful debts, the not
profits amount to £85,010 2s. 7d. This sum, added to
£5,817 4s 10d, brought forward from the last account, pro-
duces a total of £90,827 7s. sd.

They have declared the usual dividend of 6 per cent.,
with a bonus of 2f per cent., for the half year, free of in-
come tax (being at the rate of 17 per cent. per annum),
which will absorb £84,601 9s. 10d., and leave £6,225
17s. 7d. to be carried forward to profit and loss now ac-
count.

By the recent appointment of Hr. Whitbread Tomson as
Manager of the Head Office, a vacancy has arisen in the
Auditorship, which, in accordance with the Deed of Set-
tlement, it will be in the power of the Proprietors to fill at
the annual meeting in February next.
The dividend and bonus (together £1 14s. per share)
will be payable at the Head Office, or at any of the
branches, on and after Monday, the 16th instant.
BALANCE-SHEET OF THE LONDON AND
COUNTY BANKING COMPANY,
30m JUNE, 1869.

DR.
£1,000,000 0 0
To capital paid

To reserve fund
To amount due by tbe
Bank to customers'
balances, &c.
To liabilities on ac-
ceptances, covered
by securities
--- 13,366,810 18 9

To profit and loss
balance brought
from last account 5,817 4 10
To gross profit for
the half-year, after
making provision
for lad and doubt-
ful debts

26g,406 1 1

269,223 5 11

£15,636,064 4 8

CR.
By cash on band at
Head Office, and
branches, and with
Bank of England £1,864,743 1 7
By cash placed at call
and at notice,
covered by secu-
rities

•-:---- £3,063,512 19 0

Investments, viz.:—
By Government and
Guaranteed Stocks 1,300,123 10 8
By other stocks and
Eecurities

59,581 3 8

1,359,705 0 4

By discounted bills,
and advances to
customers in town
and country 9,361,787 5 8
By liabilities of custo-
mers for drafts ac-
cei ted by the Bank
(as per contra) 1,4:5,025 16 5

10,816,823 2 1

By freehold premises in Lombard-
street and Nicholas-lane, freehold
and leasehold property at the branches,
with fixturea,and fittings
By interest paid to customers
By salaries and all other expenses at
Head Offices end branches, includ-
ing income tax on profits and
salaries

105,073 18 11

.£15,636,064 4 8
PROFIT AND LOSS ACCOUNT.

To interest paid to customers as above .E 52,977 0 8
To expenses, ditto
To rebate on bills not due, carried to
new account
To dividend of 6 per cent. for the half-

year
To bonus of 21 per cent.
To balance carried forward

.£2';9,223 5 11

By balance brought forward from last
account .£5,817 4 10
By gross profit for the half-year, after
making provision for Lai and di,ubt-
ful debts

263,1W3- 1 1

£269,223 5 11
We, the undersigned, have examined the foregoing
balance-sheet and have found the same to he correct.

(Signed) WILLI A 31 NORMAN,/ Auditors.
E. H. SWAINE,
London and County Bank, July 29, 1869.
The foregoing Report having been read by the Seem
tary, the following resolutions were proposed, and unani-
mously adopted :-
1. That the Report be received and adopted, and printed
for the xse of the Shareholders.

2. 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.
(Signed) FREDK. FRANCIS,
Chairman.
The Chairman having quitted the chair, it was resolved,
and carried unanimously :-
3. That the cordial thanks of this Meeting be pre-
sented to Frederick Francis, Esq., for his able and cour-
teous conduct in the chair.

(Signed) W. CHAMPION JONES,
Deputy Chairman.
Extracted from the Minutes.
(Signed) F. CLAPPISON,
Secretary.