The Sun.
London, England, 1869-02-05 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, £985,356. Reserved Fund, £185,356.
DIRECTORS.
Nathaniel Alexander, Esq. Frederick Francis, Esq.
Thos. Tyringham Bernard, Frederick Harrison, Esq.
Esq. Lord Alfred Hervey,
Philip Patton Blytb, Esq. William Champion Jones,
I
John Wm. Burmester, Esq. Esq.
Thomas Stock Cowie, Esq. James Morley, Esq.
John Fleming, Esq. William Nicol, Esq.
GENERAL MANAGER Mcliewan,
CHIEF INSPECTOR—W. J.
_Norfolk,Esq.

ASSISTANT GENERAL MANAGER—WiIIiam Howard, Esq.
CHIEF ACCOUNTANT—James Gray, Esq.
INSPECTORS OF BRANCHES.
H. J. Lemon, E3q., and C. S herring, Esq.
SECRETARY.—F. Clappison, Esq.
Head Office, 21, Lombard-street.

At the Annual General Meeting of the Proprietors, held.
on Thursday, the 4th February, 1869, at the City Ter-
minus Hotel, Cann m-street Station, the following Report
for the year ending the 31st December, 1868, was read by
the Secretary.

WILLIAII NICOL, E,q., in the chair.
The Directors, in presenting to the Proprietors the Ba-
lance-sheet of the Bank for the half year ending the 31st
December last, have the pleasure to report that, after pay-
ing interest to customers, and all charges, allowing fotere-
bate, and making provision for bad and doubtful debts, the
net profits amount to ..V4,649 18s. sd. This sum, added
to £4,092 3s. 4d., brought forward from the last account,
produces a total of £85,742 ls. 9d.
The usual Dividend of 6 per cent. for the half-year is
recommended, together with a Bonus of 2} per cent., both
free of income tax, which will absorb £82,924 16s. 11d.,
and leave £5,817 4s. 10d. to be carried forward to Profit
and Loss New Account. The Dividend for the whole year
1868 will thus be 16} per cent. _ _ _

The Directors haiie-to announce the election of Lord
Alfred Hervey as a Director, in the room of the Right
Honourable Hugh C. E. Childers, M.P., who has accepted
office in the present Administration ; the election of James
Morley, Esq., in the room of E. W. T. Hamilton, Esq.,
31. P., who retired on account of ill-health, and the elec-
tion of Thomas Stock Cowie, Esq., in the room of J. E.
Anderson, Esq., whose removal to reside in the West of
England compelled his retirement.
The Directors retiring by rotation are :
John William Burmester, Esq.,
John Fleming, Esq., and
William Champion Jones, E,q.,
who, being eligible, offer themselves for re-election.
The Dividend and Bonus (together £ll4s. per Share),
free of income tax, will be payable at the Head Office,
or at any of the Branches: on and after Monday, the 15th
inst.

BALANCE-SHEET OF THE LONDON AND
COUNTY BANKING COMPANY,
31ST DECEMBER, 1868.

DR.
To Capital £1,000,000 0 0
Instalments unpaid,
not yet due

£985,336 0 0

Reserve Fund
Instalments unpaid,
not yet due 14,641 0 0

Amount due by the
Bank for Customers'

Balances, &c £12,462,789 3 1
Liabilitieson Accep-
tances, covered I.y
Securities

15,705,719 17 4

Profit and Loss Ba-
lance brought from
last Account
Gross Profit for the
Half -year, after
making provision
for Bad and
Doubtful Debts ~.

£4,092 3 4

234,156 3 6

238,248 G 10

.£17,414,680 4 2

CR.
By Cash on hand at
Head Office and
Branches, and with
Bank of England —.X1,853,340 16 6
Cash placed at Call and
at notice, covered by
Securities
.£3,048,912 15 11

layestments, viz.—
Government and Gua-
ranteed Stocks £1,266,262 13 10
Other Stocks and Se-
curities w..

60,128 7 3

1,326,391 1 1

Discounted Bills, and
advances to Cus-
tomers in Town and
Country £9,430,486 8 5
Liabilities of Cus-
t3mers for Drafts
accepted by the Bank
(as per contra)
12,673,417 2 8

Freehold Premises in Lombard-street
and Nicholas-lane, Freehold and Lease-
hold Property at the Branches, with
Fixtures and Fittings
interest paid to Customers
Salaries and all other Expenses at Head
Office and Branches, includisg In-
come Tax on Profits and Salaries

231,319 13 2
31,931 6 10

99,183 4 6

£17,414,680 4 2
PROFIT AND LOSS ACCOUNT.
DR.
To Interest paid to Customers, as above 04,951 6 10
Expenses do.
Reinte on Bills not due, carried to New
Account
Dividend of 6 per Cent. for the Ilalf-

year
Bonus of 2i per Cent. ..
Balance carried forward

58,535 3 8
24,389 13 3
5,817 4 10

£23872-18 6 10

Ca.
By Balanes brought forward from last
Account
Gross Profit for the Half-year, after
making provision for rßad and
Doubtful Debts .

4,092 3 4

234,156 3 6

£238,248 6 10
We, the undersigned, have examined and approved the
above Balance-sheet.

_
WILLIAM NORMAN,
(Signed) R. H. SWAINE. Auditors.
WHITBREAD TOMSON,
London and County Bank, Jan. 28, 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 use of the Shareholders. _

2. That a Dividend of 6 per cent., together with a Bonne
of 2} per cent., both free of income tax, be declared for the
half-year ending 31st December, 1868, payable on and
after Monday, the 15th instant, and that the balance of
£5,817 4s. 10d. be carried forward to Frofit and Loss New
Account.

3. That John William Burmester, Esq., be re-elected a
Director of this Company; that John Fleming, Esq., be
re-elected a Director of this Company ' • that William
Champion Jones, Esq., be re-elected a Director of this
Company.
4. That William Norman, Richard Hinds Swaine, and
Whitbread Tomson, Esquires, be elected Auditors for the
current year.
• 5. 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.
6. That the thanks of this Meeting be presented to the
Auditors of the Company for their services during the past
year.
7. That the thanks of this meeting be presented to
William McKewan, Esq., to the Chief Inspector, to the
Chief Acceuntant, to the Secretary, and to all the Branch
Managers and other Officers of the Bank, for the zeal and
ability with which they have discharged their respective
duties. _

(Signed)

W. NIC OL, Chairman.

The Chairman having quitted the chair, it was resolved
and carried unanimously-
8. That the cordial thanks of this meeting be presented
to William Nicol, Esq., for his able and courteous conduct
in the chair.

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

LONDON AND COUNTY BANKING
COMPANY.
Notice is hereby given, that a DIVIDEND on the
Capital of the Company, at the rate of 6 per cent. for the
Ralf-year ending 31st December, 1868, with a Bonus of 2i
per cent, will be PAID to the Proprietors, either at the
Head Office, 21, Lombard-street, or at any of the Com-
PanYstant's Branch Banks, on and after MONDAY, the loth
in.

By order of the Board,
W. McKEWAN, General Manager.
21, Lombard-street, Feb. 5, 1869.

LIFEBOAT SERVICES.—During the Storms
of the year 1868, the National Lifeboat Institution
contributed to the saving of 862 lives from various ship-
wrecks and 25 vessels from destruct icu The Institution
also expended £20,433 in the same period on its Lifeboat
Establishments, in addition to granting £2.431 for re-
wards.
The Committee of the Institution earnestly appeal to the
public for assistanceto enable them to meet the continued
heavy demands on their 168 Lifeboat Establishments.
Contributions will be thankfully received by the London
and country bankers, and by the Secretary, Richard Lewis,
Esq., at the Institution, H, John-street, Adelphi, London.

JOHN GOSNELL and CO.'S CHERRY
TOOTH PASTE is greatly superior to any tooth
powder; gives the teeth a pearl whiteness, protects the
enamel from decay, and imparts a pleasant fragrance to
the breath. Price ls. 6d.—Red Bull Wharf, 03, Upper
Tbames- street, London.