The Sun.
London, England, 1867-02-11 00:00:00

DULECTORS.

Nathaniel Alexander, Esq. --
John Edmund Anderd on, Esq
Thos. Tyringham Bernard,
Esq.
Philip Patton Blyth, Esq.
John William Burmester,
Esq.
Coles Child, Esq.

Hugh C. E. Childers, Esq.,
M.P.
John Fleming, Eq.
Edward W. T. Hamilton,
Esq., M.P.
Frederick Harrison, Esq.
William Champion Jones,
Esq.
,William Nicol, Esq.
MANAGER.
Ke wan, Esq.

GENERAL
WTilliain• Mc

CHIEF INSPECTOR.
W. J. Norfolk, Esq.
ASSISTANT GENERAL MANAGER.
William lloward, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
INSPECTORS OF BRANCHES.

H. J. Lemon, Esq., and C. Sherring, Esq.

SECRETARY.
F. Clappison, Esq.
Head Offiee, 21, Lornbard•street.

At the Annual General Meeting of the Proprietors, held
on Thursday, the 7th February, 1867, at the London
Tavern, Bishopsgate-street, the following Report for the
Year ending the 31st December, 1866, was read by the
Secretary.
HUGH C. E. CIIILDERS, Esq., M.P., in the Chair.
REPORT.

The Directors, in submitting to the Proprietors the
balance-sheet of the Bank for tha half-year ending the 31st
December 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. Gd. 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 Bamk, 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 instant, the date whenlhe Transfer Books of the Coin-
Play were closed, such shares to be issued at the price of
£4O 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 Hugh 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, 31ST DECEMBER, 1866.
To capital paid up
To reserve fund
To amount due by the
Bank for custo-
mers' balance; &c. ,C 12,057,000 12 8
To liabilities on ac-

ceptanees 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

337,426 11 3

£14,975,188 13 1

On.
1337 cash on hand at
Read Office and
Branches £1,767,383 3 3
/63T cash placed at call
and at notice .

734,056 3 7

£2,501,439 610

Investments, viz.:-
13Y Government and
Guaranteed Stocks 695,953 0 6
By other stocks and
securities 101,899 12 9
797,852 13 3
BY discounted bills and advances to cus-
tomers in town and country
BY freehold premises in Lombard-street
and Nicolas-lane, freehold and lease-
hold property at the Branches, with
fixtures and fittings
BY interest paid to customers
By salaries and all other expenses at
Read Office and Branch's, inckidiug
incorne-tax on profits and salaries..

176,313 12 8
93,277 5 11

99,813 11. 9