The Sun.
London, England, 1869-08-06 00:00:00

L ONDON AND COtTSTY BNNRING
COXPANY.__

Established 1836.
Subscribed capital, £2,500,000, in 50,000 Shares, of
£5O each.
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Paid-up Capital, .£l,oo7,ooollleserve Fund, £500,00.
DIRE CTORS.
Nathaniel Alexander, Esq Frederick Francis, Esq.
Thos. Tyringham Bernard, Frederick Harrison, Esq.
Esq. Lord Alfred Hervey.
Philip Paton Blyth, Esq. William Champion Jones,
John Wm. Bnrmester' 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. Sherring, Esq.
CHIEF ACCOTTNTAN T.
James Gray, Esq.
SLCRXTART.
F. Clappison, Esq.
BEAD OFFICE.
`2l, Lonbard-street.
MANAGER.
Whitbread Towson, Esq. •
A SQISTANT-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 36th
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 6 per cent.,
with a bonus of 2i 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. Dd., and leave £6,225
17s. 7d. to be carried forward to profit and loss new ac-
count.

13y the recent appointment of llr.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 February-next.
The dividend and bonus (together .£1 14s. per share)
will be payable at. the Head Office, or at any of the
branches, on and after Monday, the leth
BALANCE-SFIEET OF THE LONDON AND
COUNTY BANKING COMPANY,

DR. 30TH JUNE, 1869
To capital paid up

To reserve fund .

'zoo,"000 o o

To amount dueby the

Bank to customers'
balances, &c. .£12,411,805 2 4
To liabilities on ac-

ceptances, covered
by securities
--- 1R,3C6,840 18 9
_ _

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

269,223 5 11

£15,636,064 4 8

By cash on hand at
head Office, and
branches, and with
Eank of Enghtnd £1,864,743 1 7
By cash placed at call
and at notice,
covered by secu-
rities

£3,063,512 19 0

Investments, viz. :
By Government and
Guaranteed Stocks 1,300,123 16 8
By other stocks and
Eecurities
1,30,705 0 4

By discounted bills,
and advances to
cus'omers in town
and enuntry ..... 9,361,787 5 8
By liabilitiea of custo-
mers for drafts ac-
ceited 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 8
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PROFIT AND LOSS ACCOUNT.'
To interest paid to customers as above .£52,977 0 8
To expenses, ditto
To rebate on bills not due, carried to
new account
To dividend of 6 per cent. for the half-

year y 59,718 14 0
To bonus of 2 per cent.
To balance carried forward

£259,223 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

£2C9,2•23 5 11
We, the undersigns 1, have examined the foregoing
lalance-sheet and have found the samo to be correct.

(Signed)

WILLIAM NORMAN,.}. Auditors.
I.H.SWAINE,__

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 use 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. CLAPPISON,
Secretary.