The Sun.
London, England, 1869-08-07 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, £1,000,000 ; Reserve Fund, £500,000.

DIRECTORS.
Nathaniel Alexander, Esq. I Frederick Francis, Esq.
Thos. Tyringham Bernard, 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.
H. J. Lemon, Esq., and C. Sherriug, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
SECRETARY.
F. Clappison, Esq.
HEAD OFFICE.
21, Lcmbard-strut.
MANAGER.
Whitbread Tornson, Esq.
A ASISTANT-MANAGER.
William Howard, 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 re-
port for the half-year ending the 30th June, 1869, was
read by the Secretary.
FREDERICK 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 net
profits amount to £85,010 2s. 7d. This sum, added to
£5,817 4s l Od, 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. id. to be carried forward to profit and loss new ac-
count.

By the recent appointment of Mr. 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, ou and after Monday, the 16th instant.

BALANCE-SHEET OF THE LONDON AND
COUNTY BANKING COMPANY,
30TH JUNE, 1869.

DR.
To capital paid up
To reserve fund
To amount due by the
Bank to customers'
balances, &c. £12,411,805 2 4
To l'abilities on ac-
ceptances, covered
by securities

1g,366,810 18 9

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

263,406 1 1

269,223 5 11

£[5,636,064 4 8
CR.
By cash on hand at
Bead Office, and
branches, and with
Bank of Eng!and... £1,864,743 1 7
By cash placed at call
and at notice,
covered by secu-
rities

X 3,063,512 19 0

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

105,073 18 11