The Sun.
London, England, 1858-07-16 00:00:00

FORTY-SECOND REPORT of the LONDON
JOINT-STOCK BANK.
At a GENERAL MEETING of the SII IIEHOLER, held a
the Banking-house of the Company, in Princes-streDet, Mans;On-
t
house, on Thursday, July 15, 1858.
GEORGE MEEK. Esq., Chairman.
WILLIAM BLOUNT, Esq., Deputy-Chairman.
DIRECTORS.
William J. Lancaster, Esq.
Donald Larnach, Esq.
Henry Lee, Esq.
Sir John NUTaggart, Bart.
Gearge Meek, Esq.
Ambrose Moore, Esq.
John Timothy Oxley, Esq.
John Joseph Silva, Esq.
George Tayier, Esq.

William Bird, Esq.
William Blount, Esq.
Ald. Sir George Carroll.
Ald. Sir James Duke, Bart., M.P.
Philip William Flower, Esq.
George Holgate Foster. Esq.
Francis Bennett Goldney, Esq.
Will. Ormsby Gore, Esq.
Henry Grace, Esq.
Charles James Heath, Esq. •
THE MANAGER—George Pollard. Esq.
SOLICITORS—MUSTS. Clarke and Morice.
It is with much pleasure that the Directors main meet the Pro-
prietors, t , lay bef we them a statement of the atT.irs of the bank for
the vast six months.
It will be seen by the annexed accounts, that the n t profits
realised during the above period, amounted to 99,8701 17s. Gd. This
result enables the Directors to declare a dividend at the rate of 12
ya
per centum per annum, and a bonus of 10s. per share, leaving a
balance of 32,3701. 17s. Gd. to be carried far card for appropriation at
the end of the year.
It is a gratification to the Directors to lay before the meeting the
fol owing extract from the minutes of their proceedings :
At a meeting of the Board, held on Thursday. the oth day of May,
1859, the following resolutions were passed unanimously :
That having taken into consideration the long and faithful ser-
vices of Mr. Pollard. the unremitting devotion of his time and atten-
tion to the duties of his office, and especially the great into :tits, and
independence which have d stinguished him in the discharge of those
duties—qualities which have contributed so largely to the prosperity
and high eharacte- to which this bank has attainel—the Board is
of opinion that a substantial testimonial shonld be presented to him,
to mark its appreciation of suth merits.
That a copy of the foregoing resolution, signed by the Chairman,
be delivered to Mr. Pollard, together with the sum of 3,0001. as such
testimenial.
These resolutions have been carried into effect, and the Directors
feel confident that they will have the hearty concurrence of the
Shareholders.
The dividend and balms will be payable on and after Friday, the
23d inst.
The preceding report having been read to the meeting by the
Secretary, a dividend for the half-year ending the 30th June lst,
after the rate of 121', per centum per annum, and a further daivi-
sion of IN. per share out of the net profits of the half-year ending
as above, were declared by the Chairman.
Resolved unaaimously,
That the report now read be received, and that it be printed fertile
use of the shareholders.
Resolved unanimously,
That the best thanks of the meeting be given to the Directors,
with the assurance of the highest approval, on tin part of the
shareholders, of their excellent management.
Resolved unanimously,
That the thanks of the Meeting b 3 presented to Mr. Pollard for
his long and able services ; and on this occasion especially the Meet-
ing is desirous of repeating those thinks, and expressing the plea-
sure it has in assuring him of its cordial approval of the testimonial
which has been presented to him by the Dirtors.
(Signed) GEOR SE MEEK, Chairman.
Resolved unanimously.
That the thanks o' the Meeting be respectfully offered to the
Chairman for Ins courteous condust in the chWr th!s day.
(Signed) WILLIAII BLOUNT, Deputy Chairman.
Extracted from the ml utes.
JNO. WARDROPE, Secretary.
LIABILITIES
LONDON JOINT-STOCK BANK and ASSETS WEDNESDAY, Julia 30, 189 S,
TILE .

Dn.
To capital paid up, viz.,60,000 shares at 101. each.. £600,900 0 08
To amount due by the Bank .............. 10,287,623 1
To amount of " The Guarantee
Fund," Dec 31, 1857 .. • £187,014 9 1
To six months' intereit on ditto,
at 31. per cent. per annum •

2,805 4 3

189,819 13 4
159,893 6 6

To amount carried to profit and loss account

211,237,336 1 6

Cu.
By Eke India.l)3nds, and Government
.£1
stock. ................ ••.. • • •• • .........,4F13,512 13 2
By eash,loaw, bilk discounted, and other securities 9,710,918 6 4
By building, furniture, &c., in
Princes-street .......... • • • •
By ditto, ,litte, in ......

X 35,075 0 0
7,750 0 0
42,8 2 5 0 0

X 11,237,336 1 b

----
PROFIT AND L 053 ACCOUNT TILE LONDON JOINT-STOCK BANK, FOR
TILE HALF-FEAOFR ENDING JUNE 30, 1851.

Ds.
To current expenses, proportion of building e
in-
x
penses, directors' numeration, bad debts,
£37,011 5 9
conic tax, &c
To amount carried to profit and loss, new account,
being rebate of interest on bills discounted not
yetduc
To dividend account for the payment of half-a-year's
dividend, at the rate of 12% per cent. per annum
upon 600,0001, amount of paid-up capital upon
37,500 0 0
60,000 shares
To ditto for the payment of a bonus of lOs per
.... •••• . • • . .•• • • ..... • 30,000 0 0
share
To amount carried forward to profit and hss new

3?,370 17 6

•. ........ . ..... • • .• ..............

£14,893 6 6

.. £159,893 6 6