The Sun.
London, England, 1860-02-03 00:00:00

BALANCE SHEET OF THE LONDON AND COUNTY

BANKING COMPANY, 31st DECEMBER, 1859.
Du.

To Capital paid-up
Reserve fund 105,000 0 0
Amount due by the Bank for Customers'
Balances, & c
Profit and loss balance

brought from last account. £6,291 14 10
Gross profit for the half year
atter making provision for
bad and doubtful debts .. 110,952 411

117,243 19 0

£5,697,27219

By cash on hand at head office
and Branches £550,490 6 6
Cash placed ut call and at no-
tice
-- 1,419,793 16 8

Investments, viz.: -
Government and Guaranteed
Stocks
Other stocks and Securities
593,614 1 2

Discounted Bills, Notes, and
temporary advance to Cus-
tomers in town and coun-
try 3 147,407 7 10
Advances to Customers on
special securities
3,535,793 8 9
Freehold premises in Lombard-street and
Nicholas-lane, freehold and leasehold
property at the Branches, with fixtures
and fittings 73,179 13 3
Interest paid to Customers 19,869 17 0
Salaries and all other expenses at Head
Office and Branches, including income tax
on profits and salaries

45,697,2;2 19 9

:PROFIT AND LOSS ACCOUNT.
Du.

To interest pail to Customers £19,869 17 0
Expenses, as above 46,959 3 1
Rebate on Bills not due, carried to Profit
and Loss New Account
Reserve Fund—addition
Dividend of 6 per cent. for the half-year 30,000 0 0
Balance carried forward to Profit and Loss
New Account

£117,243 19 9

By Balance brought forward from last ac-
count 6,291 14 10
Gross profit for the half-year, after making
provision for bad and doubtful deb:s

£117,243 19 9
We, the undersigned, have examined the foregoing Balance-
sheet, and have found the same to be correct.

(Signed) HENRY OVERTON,
JO hN Wit IG HT, I Auditors.
FRED. HARRISON,
London and County Bank, 26th January, 1860.
The foregoing Report having been read by the Secretary,
the following Resolutions were proposed, and unanimously
adopted :-
1. That the Report be received and adopted, and printed for
the use of the Shareholders.
2. That a Dividend of 6 per Cent. be declared upon the
Capital Stock of the Company, for the half-year ending the
31st of December, 18.59, clear of income tax, payable on and
after Monday, the 13th of February instant, and that the
balance of £6,065 7s. 11 1., then remaining, be carried to Profit
and Loss New Account.
3. 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.
4. That the thanks of the Meeting be presented to the
Auditors of the Company for the put year.
5. That Frederick Harrison, henry Overton, and John
Wright, Esquires, be re-elected Auditors for the current year,
and that their joint remuneration be augmented from 60
guineas to £lOO per annum.
6. That thethanks of this Meeting be presented to William
M'Kewan, Esq., the General Manager, W. J. Norfolk, Esq.,
the Chief Inspector, R. P. Nichols, Esq., the Secretary, and
the other Officers of the Establishment, for the zeal and
ability with which they have severally discharged their re-
spective duties. •
The Election of two Directors havinn• been proceeded with,
the following gentlemen were unanimously re-elected :
Philip Patton Blyth, Esq., and William Lee, Esq.
(Signed) W. C. JONES, Chairman.
The Chairman having quitted the chair, it was resolved and
carried unanimously—
That the cordial thanks of this Meeting be presented to
William Champion Jones, Esq., for his able and courteous
conduct in the chair.
(Signed) WILLIAM NICOL, Deputy-Chairman.

Extracted from the Minutes.
(Signed) R. P. NICHOLS, Secretary.