The Sun.
London, England, 1866-02-02 00:00:00

Subscribed Capital £1,875,000, in 87,000 Shares of .Z5O eacb.
Paid-up Capital £750,000. Reserve Fund £250,000.
DIRECTORS.
Nathaniel Alexander, Esq. Frederick Harrison, Esq.
Thos. Tyringham Bernard, Edward John Hutchins, Esq.
Esq. William Champion Jones,
Philip Patton Blyth, Esq. E.
John Wm. Burmester, Esq. William Lee, Esq., M.P.
Coles Child, Esq. William Nicol, Esq.
John Fleming, Esq., M.P.
• •GENERAL MANAGER.
William Miliewan, Esq.
ASSISTANT GENERAL MANAGER.
William Howard, Esq.
CHIEF INSPECTOR.
W. J. Norfolk, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
INSPECTORS OF BRANCHES.
H. J. Lemon, Esq., and C. Sherring, Esq.
SECRETARY.
F. Clappison, Esq.
HEAD OFFICE.
21, Lombard-street.

At the Annual General Meeting of the Proprietor; held
on Thursday, the let February, 1866, at the London
Tavern, Bishopsgate-street, the following Report for the
Year ending the 31st December, 1865, was read by the
Secretary.

WILLIAM NICOL, Pa., in the Chair.
REPORT.'

The Directors have the satisfaction to submit to the
Proprietors the Balance-sheet of the Bank for the Half-
year ending 31st December last.
They have to report that, after the payment of all charges,
interest to customers, and making ample provision for bad
and doubtful debts, the net profits amount to £99,419 135.,
which, added to £13,660 75., brought forward from the
last account, produces a total of £113,080.
From this sum a special bonus, amounting to £4,814 17s.
11d., has been presented to officers whose salaries are under
£3OO per annum, leaving £108,265 2s. ld. for appropriation.
The directors recommend the payment of the usual divi-
dend of 6 per cent., with a bonus of 64 per cent., making
together 124 per cent. for the half-year,, which will amount
to £93,737 3s. 3d —this, added to the August dividend, will
be 274 per cent. for the year, and leave £14,527185. 10d. to
be carried forward to profit and loss new account.
They have to announce the retirement in December of
John Wright, Esq., for many years an auditor.
The directors retiring by rotation are—
Colas Child,. Esq., and
• Frederick Harrison, Esq.,
who, being eligible for re-election, offer themselves ac-
cordingly.
The dividend and bonus (together £2los per share), free
of income-tax, will be payable at the Head Office, or at any
of the Branches, on and after Monday, the 12th instant.

BALANCE SHEET
Of the London and County Banking Company,
31st December, 1865.

DR.
To capital paid up
To reserve fund ... •
To amount due by
the bank for cus-
tomers' balances,
&c.
To liabilities on ac-
ceptances 1,009,066 14 5

To profit and loss
balance brought
from last account 13,660 7 0
To gross profit for
the half-year,
after making pro-
. vision for bad and
doubtful debts,..

321,299 1 6

£750,000 0 0
250,000 0 0

12,851,815 0 3

CR.
By cash on hand at
Head Office and
Branches

334,959 8 6

£14,186,774 8 9

By cash placed at -
call and at notice 1,397,564 12 4

£2,907,992 4 8

Investments, viz.:—
By Government and
Guaranteed Stocks 1,033,170 8 8
By other Stocks and
Securities

.
--- 1,141,481 6 4
By discountod bills, and advances to Cus-
tomers in town and country
By freehold premises in Lombard-street
and IVicholas•lane, freehold and lease-
hold property at the Branches, with
fixture and fittings
By interest paid to Customers 85,658 7 2
By Salaries and all other expenses at
Head Office and Branches, including
income tax on profits and salaries 90,562 7 5
By special i)onus on salaries under £3OO
per Annum

4,814 17 11

X 14,186,771 8 9