The Sun.
London, England, 1867-01-25 00:00:00

_~...v~. ~..,.,~__.... +
l

‘")

WINTER Coughs, Colds, Asthma, and In-
fluenza are speedily cured by the use of SPENCER'S
PULUONIC ELIXIR. May be had of any chemist.
—_____

CONSOLIDATED BANK
Proceedings of the Half-yearly) General Meeting of the
Proprietors, held at the London Tavern, Bishopsgate-
street, in the City of London, on Thursday, the 24th
January, 1867.
The following Report was presented :
In submitting the accounts and balance-sheet of the
bank for the half-year ending 31st December last, the
Directors have pleasure in reporting that the progress in
the re-establishment of the business during the last six
months has been very satisfactory. A large proportion of
their former constituents have re-opened their accounts,
and there has been a considerable accession of business
from other quarters.
The anticipations of the Directors as to the sufficiency
of the sum set apart as provision for all the casualties of
the last summer have not been disappointed ; and the
Directors have the pleasure of announcing that the avail-
able resources of the bank now enable them to offer pay-
Pleat (less interest at Rank rate) to the holders of all out-
standing promissory notes, thereby anticipating by several
months the time accorded to the bank by the indulgence
of its creditors in June last.
A reference to the accounts will show that, after pay-
ment of all current expenses, the heavy charge of interest
on the promissory notes, interest to customers, and rebate
of interest on bills on hand, there remains a net
profit of
From which sum it is pro-
posed to carry to reserved
surplus fund £6,550 6 10
To make a payment of inte-
rest to Shareholders for the
half-year, at the rate of •
Five per Cent. per annum,
free of income tax, which
will amount to 16,458 6 8
To carry forward to next ac-
count the balance of

£32,116 0 9
-he reserved surplus fund will, by the addition of six
I,tlo4ths' interest, and the appropriation now recommended,
°I) increased to £90,000.
The Directors again decline to receive any remuneration
for their services during the half-year.
The Directors retiring by rotation are Messrs. John
Peirse Kennard, James Alexander Bannerman, Thomas
Alers Hankey, Adam Steinmetz Kennard, Frederick Alers
iiankey, and William Smith. Of these Messrs. Thomas
-A- Sankey and Adam S. Kennard retire voluntarilj;
4eraahling gentlemen, being eligible, offer themselves for
re-election.
The meeting will likewise be invited to elect two audi-
?rs• Messrs. David Chadwick and William Cooper offer
themselves for re-election.
The interest warrants will be payable on and after Ist
February next.

CONSOLIDATED BANK (LIMITED).
BALANCE-SHEET, DECEMBER 31sT, 1866.
TO Luau:m
cappitaLl paid up: viz., os.
150,000 Shares at £4
each
£600,000 0 0
To -
£3,000 Shares at £2
each lOO,OOO 0 0

Less calls not paid

£700,000 0 0
• 997 0 0

£699,003 0 0

"r° amount due by the bank upon cur-
_o rent, &posit, and other accounts X2,9_01/6,,8560 13 2
!:( acceptances
"-ric:3 reserve fund 83,410 13 2
4'o balance being gross profits for the
half-year ending 31st December, 1866,
after payment of £68,361 9s. 4d. into-
rest, viz., usual interest to customers,
X 19,634 lls. 10d., and exceptional in-
terest on promissory notes, £48,726
17s, 6d.

53,086 14 5

£3,920,811 12 10