The Sun.
London, England, 1869-08-16 00:00:00

r LONDON AND COUNTY BANKING
COMPANY.
Established 1836.
Subscribed capital, £2,500,000, in 50,000 Shares, of
£5O each.
Paid-up Capital, £1,000,000 ; Reserve Fund, £500,000.
DIRECTORS.
Nathaniel Alexander, Esq. I Frederick Francis, Esq.
Thos. Tyringham Bernard, I Frederick Harrison, Esq.
Esq. Lord Alfred Hervey.
Philip Paton Blyth, Esq. William Champion Jones,
John Wm. Burmester, 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.
11. J. Lemon, Esq., and C. Sherring, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
SECRETARY.
F. Clappison, Esq.

At the Half-yearly General meeting of the Proprietors,
held on Thursday, the sth August, 1869, at the City
Terminus Hotel, Cannon-street Station, the following r,7
port for the half-year ending the 30th June, 1869, was
read by the Secretary.
FREDERICK FRANCIS, EFT, 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 net
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 G per cent.,
with a bonus of 24 per cout., for the half year, free of
conic tax (being at the rate of 17 per cent. per annum)
which will absoib £84,601 9s. 10d., and leave £6,22:)
17s. 7d. to be carried forward to profit and loss new ac-
count.
By the recent appointment of Mr. Whitbread Tcmson tts
Manager of the Head Office, a vacancy has arisen in th,
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 anti bonus (together .£1 14s. per share)
will be payable at the Head Office, or at any of the
branches, on antti after Monday, the 16th instant.
BALANCE-S UEFA! OF THE LONDON AND'
COUNTY BANKING COMPANY,
30zu JUNE, 1869.

.... £1,000,000 0
L,00,000 0 G

Du.
To capital paid up
To reserve fund
To amount due by the
Bank to customers'
balances, 3tc. £12,411,805 2 4
To liabilities on ac-
ceptances, covered
by securities

To profit and loos
Wane° brought
from last aceount 5,817 4 10
To gross profit for
the half-year, after
making provision
for bar't and doubt-
ful debts

2G:1,441 1 1

By cash on band nt
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

Investments, viz. :
By Government and
Guaranteed Stocks 1,300,123 16 8
By other stocks and
securities

59,581 3 8

13,30,810 18 :,

269.223 5 11

.E15,636,0C4 4

£3,063,512 19 0

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-
eel ted by the Bank
(as per contra) 1,455,035 16 5
10,816,823 2 1

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

£15,636,064 4 1-
PROFIT AND LOSS ACCOUNT.

To interest paid to customers as above £52,977 0
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 2 per cent.
To balance carried forward 6,225 17

£269,223 5 11
By balance brought forward from last
account £5,817 4 10
By gross profit for the half-year, after
making provision for bad and doubt-
ful debts

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

(Signed) WILLIAM NORMAN,/ Auditors.
R. H. SWAINS,
London and County Bank, July -29, 1869.
The foregoing Report having been read by the Secre-
tary, the following resolutions were proposed, and unani-
mously adopted :-
1. That the Report be received and adopted, and printed
for the mse 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. CL APPIS ON,
Secretary.