The Sun.
London, England, 1867-02-09 00:00:00

REPORT:

The Director; in submitting to the Proprietors the
balance-sheet of the Bank for the half-year ending the 31st
Docember last, have the pleasure to report that, after pay-
ing all charges, and interest to customers, and making
ample provision for bad and doubtful debts, the net profits
amount to £101,998 15s. This, added to £17,468 16s. 6d.
brought forward from the last account, produces a total of
£119,467 lls. 6d.
They recommend the payment of the usual dividend of
6,Per cent., together with a bonus of 8 per cent. for the
half-year, both free of income tax, which will absorb
£105,000, and leave £14,467 lls. 6d. to be carried forward
to profit and loss new account. The dividend for the whole
year 1866 will thus be 25 per cent.
At the meeting in February, 1866, it was intimated to
the Proprietors that the Directors propcsed to increase the
capital of the Baak, and at the meeting in August, 1866,
the Proprietors,
by a resolution, adopted the recommenda-
tion of the Directors. It will be proposed to act upon this
resolution (which will require formal confirmation) by the
issue of. 12,500 now shares, to be offered pro rata amongst
the Proprietors as they appeared on the Register on the
4th instants the date when the Transfer Books of the Com-
lmny were closed, such shares to be issued at the price of
£lO each, being a premium of £2O per share. The total
number of shares will than be 50,000. Full particulars
of- the issue will be transmitted by circular to each Pro-
prietor.

_
The Directors have to announce the retirement of Ed-
ward J. Hutchins, Esq., and William Lee, Esq., M.P., from
the Direction, and the election of High C. E. Childers,
Esq., M.P., and Edward W. T. Hamilton, Esq., M.P., in
their stead.

The Directors retiring by rotation are—Nathaniel Alex-
ander, Esq., Thomas Tyringham Bernard, Esq., and Wil-
liam Nicol, Esq., who, being eligible, offer themselves for
re-election.

-There is a vacancy in the Auditorship, through the dis-
qualification of Mr. Robert Escombe, and it is in the power
of the meeting to fill this up.
The dividend and bonus (together £2 16s. per share),
free of income tax, will be payable at the Head Office or
at any of the Branches, on and after Monday, the 18th
instant.
BALANCE-SHEET OF THE LONDON AND COUNTY
BANKING COMPANY, 31sx DECEMBER, 1866.
Dn.
To capital paid up
To reserve fund
To amount due by the
Bank for custo-
mers' balances, &c. £12,057,000 12 8
To liabilities on ac-

ceptances 1,580,761 9 2

13,637,762 1 10

to profit and loss
balance brought
from last account 17,468 16 6
To gross profit for
the half-year, after
making provision
for bad and doubt-
ful debts

819,957 14 9

„ CR.
4)31 Cash on hand at
'lead Office, and
Branches £1,767,383 3 3
13Y cash placed at call
and at notice

734,056 3 7

337,426 11 3

£14,975,188 13 1

£2,501,439 0 10

investments, viz.:
$9 Government and
Guaranteed Stocks 695,953 0 6
16Y other stocks and
sectuities 101,899 12 9
797,832 13 3
319 discounted bills and advances to cus-
temors in town and country
i,
freehold premises in Lombard-street
and Nicolas-lane, freehold and lease-
bold property at the Branches, with
fixtures and fittings 313 12
-1.5,Y interest paid to customers
salaries and all other expenses at
'read Office and Branches, inckiding
income-tax on profits and salaries 99,813 11 9

176,313 12 8
93,277 5 11

NO rICE OF REMOVAL.
JDEFRLES and SO NS'
• NEW CITY SHOW ROOMS contain a beautiful
assor!ment of DESSEKT SICKVICHS, from Zi Is. to 100
eufneas. Crezts and Monograms engraved on same.-147,
Houndaditch.