The Sun.
London, England, 1858-02-05 00:00:00

BALANCE SHEET

OF TUE LONDON AND COUNTE BANKING COMPANY, 31ST DEC., 1857.
Dr. dE s. d.
To Capital paid up ....... ............ 500,000 0, 0
Reserved fund. ..... ••••• lOO,OOO 0 0
Customers' balances, &c......... •• ..
Profit and loss balance brought
from last account.
Ditto, rebate, &c., ditto 9,614 1 8
Gross profit for, the half•year,
after making provision for
bad and doubtful debt..." 112,243 1 6

13C,002 3 10

£1,269,427 18 1

Cr.
By Cash -on hand at Head Office
and Branches . 496,596 6 3
Cash placed at call and at
short notice .• .... • 585,047 6 9

X s. d.

1,031,643 13 0

Investments, viz.:
Govennnent and guaranteed
stocks .. • ....... •• . ..... 222,699 15 8
Other stocks and seeuritie3.. •. 186,261 8 6

403,981 4 2

Discounted bills, notes, and
temporary advances to cus-
tomers in town and country 2,319,097 13 11
Advances to customers on spe-
cial securities.. • • ........

293,946 1 2

2,613,043 15 1

Freeho'd premises in Lombard-street and Nic-
holas-lane, freehold and leasehold property
at the branches, with fixtures and fittings .. 52,494 7 10
Interest paid to customers .... ••.. • • . 38,653 12 0
Salaries and all otker expenses at Head Office
and branches, including income tax • • .. • . • •

44,611 6 0

£ 1,269,427 18 1

PROFIT AND LOSS ACCOUNT.

Dr.
To Interest paid to customers •• .. • • • • • •
Expenses as above • . • . .. ...........
Rebate on bills not due, &c., carried to profit and
loss new account ..
Reurved fund ......... .
Dividend, at 6 per cent., for the half-year•• ....
Provident fund . .
Lalance carried forward to profit and loss new
account ..... • • • . • . •• • • .• • .

X s. d.
38,652 12 0
44,611 6 0

9,842 14 6
5,000 0 0
30,000 0 •
500 0 0

7,394 11 4

£136,002 3 10
£ s. d.
14,145 0 8
9,614 1 8

Cr.
By balance brought forward from last account....
Rebate, &c., ditto .. • •
Gross profit for the half-year, after making pro-
vision far bad and doubtful debts ...... •..... 112,243 1 $

£136,002 3 10
We, the undersigned, have examined the foregoing balance-sheet,
and compared the items it comprises, with the several books and
vouchers relating thereto, and have found the same to be correct.
(Signed) HENRY OVE RTON,
JOHN WRIGHT, } Auditors,
FREDERICK GASKELL,
London and County Bank, Jan. 23, 1853:
The foregoing report having been read by the Secretary, the fol-
lowing resolutions were proposed, and unanimously adopted—
]. 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 December 31, 1857,
clear of income-tax—payable on and alter Monday, Feb. 15, inst.
3. That the stun of 5001. be added to the" Provident Fund," and
the balance of 7.3941. lls. 4d. then remaining, to be carried to Fralt
and Loss new account.
4. 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.
5. That tile thanks of the Meeting be presented to the Auditors
of the Company for the past year.
G. That Henry Overton and John Wright, Esquires, be elected
Auditors or the current year.
7. That the thanks of this Meeting be presented to William
M'Kewan, Esq., the General Manager. and the other officers of the
establishment, for the zeal and ability with which they have severally
discharged their respective duties.
The Ballot for the election of three Directors having been pro-
ceeded with, the following gentlemen were unanimously re-elected :
William Cory, Esq.,
James Andrew Durham, Esq., and
John Henry Lance, 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 W. C.
Jones, Esq., for his able and courteous conduct in the chair.
(Signed) WILLIAM NICOL.
Extracted from the minutes.
(Signed) it. P. NI2,IIOLS, Secretary.