The Sun.
London, England, 1860-01-20 00:00:00

FORTY-FIFTH REPORT of the LONDON
JOINT STOCK BANK.
A GENERAL MEETING of the Shareholders was held at
the banking-horse of the Company, in Princes-street; Man-
sion-house, on THURSDAY, the 19th of January, 1860.
DONALD LARNACH, Esq., Chairman.
Sir JAMES DUKE, Bart., M.P., Deputy-Chairman.
DIRECTORS.
William Bird, Esq. William J. Lancaster, Esq.
William Blount, Esq. Donald Larnach, Esq.
Alderman Sir George Carroll. Henry Lee, Esq.
}leery Christy, Esq. John-George Maclean, Esq.
I hd'iSirJas. Duke, Bart., M.P. Sir John 31•Ttu,,gart, Bart.
p William Flower, Esq. Ambrose Moore, .Esq.
Francis Bennett Goldnev,Esq. John Timothy Oxley, Esq.
William Ormsby Gore, Esq. John Joseph Silva, Esq
Charles James Heath, Esq. George Tavler. Esq.
The Manager—George Pollard, Esq.,
Solicitors—Messrs. Clarke and Morice.
The accounts which the directors have now the pleasure of
Submitting' to the shareholders show that the net profits re-
Milting from banking operations during the last six months,
amount to £71,530 Os. 5d., and which has been appropriated
as follows
n in payment of a dividend at the rate of
437'5(X) 0 £l4 per centum per annum
33,000 0 0 in payment of a bonus of lls. per share
1,030 O. 5 transferred to the guarantee fund

„. £71,530 0 5
la con sequence of the great diminution of the profits of the
• half-year ending on the 30th June last, occasioned by the de-
Lireciation during that period in the value of Government
and Indian Securities held by the bank, the directors have de-
ter
eaminedthat for the future the fluctuations on such securi-
shall be adjusted .through the medium of the guarantee
fund, and it is expected that by this arrangement the future
Periodical dividends will be more nearly equalised.
The re-valuation of these securities on the 31st ultimo, as
"lupared with the rates current on the 30th June last, showed
11 profit of £21,174 155., mad this sum has been carried to
the credit of the guarantee fund, which now amounts to
229,359 18s. 11d.
Burinill be necessary tocall an extraordinary general meeting
the present half-year to fill up the vacancy at the board
caused by le. death of Mr. Meek, and the Directors cannot
l'grain from pressing their deep regret at the loss of their
late zealous and much esteemed colleague.
„„Tile seats on time direction which become vacant on this
William
are those of
"Illiam Blount, Esq., Sir John M'Taggart, Bart.,
ldermin Sir George Carroll, John Joseph Silva, Esq ,
William Jas. Lancaster, Esq.,
and these gentlemen offer themselves for re-election.
„„The dividend and bonus, free of income tax, will be payable
"",lid after Friday, the 27th instant.
the preceding report having been read t 3 the meeting by
Secretary, a dividend for the half-year ending the 31st
'tuber last, after the rate of £l2} per centum per annum,
and further division of 118, per share out of the net profits
of the year ending as above, were declared by the Chairman.
Resolved unanimously,—That the report now read be re-
Cevred, and that it be printed for the use of the Shareholders.
The following Directors having retired by rotation were
'44lliraously re-elected, viz. :
William Blount, Esq.,
Alderman Sir George Carroll,
William James Lancaster, Esq.,
Sir John 111"faggart, Bart, and
John Joseph Silva, Esq.
~Itesolved unanimously,—That the renewed best thanks of
;,e Shareholders be given to the Chairman and Directors for
the zeal and attention with which they conduct the affairs of
_e Bank.
Resolved unanimously,—That the thanks of the meeting be
even to Mr. Pollard for his able management during the past
41f-Year.
(Signed) DONALD LARNACEL Chairman.
Extrazted from the minutes.
A. G. KENNEDY, Secretary.

LIABILITIES AND ASSETS, SATURDAY, DEC. 31, 1859.
THE LONDON JOINT-STOCK BANK.

DR.
ahpitalpaid-up, viz., 60,000 shares at 810
eac
To To Amount due by the Bank
TOmount of " The Guaran-
Yund," 30th June, 1859.. £201,147 19 2
'z Months' Interest on
ditt, at £3 per cent. per
T°
-allnuora
uerease since the valua-
tion on 30th Jnne in the
Itarket value of Govern-
Ulent and East Indian se-
eUrittes held by the Bank

£500,000 0 0
0,550,797 5 9