The Sun.
London, England, 1866-08-04 00:00:00

LONDON and Co
comP.

• --• Establish
Subscribed Capital £1,875,000,
Paid up Capital £750,000,

_
DIRE+
Nathaniel Alexander, Esq.
John Edmund Auderdon,
Esq..
Thos. Tyringham Bernard,
Esq.
Phil ph Patton BlY•th, Esq.
John William Burmester,
Esq. -
Coles Child, Esq.

BANKING
'ANY.
ied 1836.
1, in 37,500 Shares of £5O each.
, Reserve Fund £250,000.
:TORS.
John Fleming, Esq.
Frederick Harrison, Esq.
Edward John Hutchins,
Esq.
William Champion Jones,
Es.
Williaqm Lee, Esq., 111.1).
William Nicol, Esq.

GENERAL MANAGER.
William McKewan, Esq.
>j CHIEF INSPECTOR.
W. J. Norfolk, Esq.
ASSISTANT GENERAL MANAGER.
William Howard, Esq.
• CHIEF ACCOUNTANT.
James Gray, Esq.
INSPECTORS OF BRANCHES.
H. J. Lembo, Esq., and C. Sherring, Esq.
SECRETARY.
P. Clappison, Esq.
At the Half-yearly
HEAD OFFICE.-21, Lombard-street.
held on Thursday, the 2d August, 1866, at the Lonlon
General Meeting of the Proprietors
Tavern,. Bishopsgate-street, the following Report for the
half-year ending the 30th June, 1866, was read by the
Secretary :-
- VOLLIATFRIOOL, -Esq., inlite Chair.
REPORT.

The Directors, in submitting to the Proprietors the
Balance-sheet of the Bank for the half-year ending the
30th June last, have to report that, after payment of all
charges, interest to customers, and making ample provision
for bad and doubtful debts, the net profits amount to
£85,440 175.8 d., this with £14,527185.10d., broughtforward
from the last account, produces a total of £99,968 16s. 6d
They had declared the usual dividend of 6 per cent. for
the half-year, with a bonus in addition of 5 per cent. (equal
to 22 per eent. per annum), which will amount to £82,500,
and leave £17,468 16s. 6d. to be carried forward to Profit
and Loss new Account.

Mr. John Edmund Anderdon has been elected a member
of the Board.

Mr. Hugh C. E. Childers, M.P., who retired from the
direction on ,assuming the position of Secretary to the
Treasury in the late Government, being now relieved from
the duties of his office, will, at the unanimous request of
the directors, resume his seat at the Board.
The dividend and bonus (together £2 4s. per Share) free
of income tax, will be payable at the Head Office, or at any
of the Branches, on and after Monday, the 13th inst.

BALANCE-SHEET OF THE LONDON AND COUNTY
BANKING COMPANY, JUNE 30, 1866.
Dm •
To Capital paid up
,E 750,000 0 0
To Reserve Fund 250,000 0 0
To amount due by
the Bank for Custo-
mers' balances, &c £10,718,483 16 1
To liabilities ou ac-
ceptances: 2,032,490 10 1

Profit and loss balance
brought from last
account
Gross profit for the half
year, after making
pi °vision for bad and
doubtful debts 348,310 10 10

14,527 18 10

By cash on hand at
Head OHic© and
Branches £2,149,216 5 1
By cash placed at call
and at notice

Investments, viz.:—
Government and Gua-

ranteed stocks 194,381 17 3
Other stocks and secu-
rities 99,308 13 11

12,750,974 6 2

362,838 9 8

£14,113,812 15 10

£3,032,612 10 10

293,690 11 2

Discounted bills and advances to custo-
mers in town and country 10,410,772 8 0
Freehold premises in Lombard-street
and Nicholas-lane, freehold and lease-
hold property at the Branches, with
fixtures and fittings
Interest paid to customers
Salaries and all other expenses at Head
Office and Branches, including income
tax on profits and salaries

156,078 18 0
126,581 10 5

94,07 G 17 5

£l4 113 812 15 10

„
PROFIT .AND LOSS ACCOUNT.
Dn.
To interest paid to customers
To expenses, as above
To rebate on bills not due, carried to
new account 42,211 5 4
To dividend 0f.6 per cent. for half-year 45,000 0 0
To bonus of 5 per cent.
To balance carried forward 17,468 16 6

£362,838 9 8

OR.
By balance brought forward from last
account
£14,527 18 10
By gross profit for the half-year, after
making provision for bad and doubt-
ful debts ..................... ,

348,310 10 10

£362,838 9 8
lance Sheet, and have found the same to be correct.
We, the undersigned, have examined the foregoing Ba-
(Signed) WILLIAM NORMAN,}
R. H. S W
JuAIN26 E,
London and County Bank, ly , 1866. Auditors.

The foregoing Report having been read by the Secre-
tary, the following Resolutions were proposed, and unani-
mously adopted :-
1. That the Report be received and adopted, and printed
for the use of the Shareholders.
2. That the Capital of this Banking Company be increased
by the creation of 20,000 additional Shares of £5O each.
And that such Shares be issued at such times and in such
manner as may be determined at some Annual or Half-
yearly General Meeting, or at an Extraordinary Meeting of
the Shareholders called and held in accordance with the
provisions of the 3. Deed
That the thanks of this Meeettlementtingbe given to the Board
of Director; for the able manner in which they have con-
ducted the affairs of the Company.
4. That the thanks of this Meeting be presented to Wil-
liam McKewan, Esq., and to the principal and other 'o
cers of the Bank, for the zeal and ability with which they
have discharged their respective duties.
(Signed) W. NICOL, Chairman.
The Chairman having quitted the Chair, it-was resolved,
and carried unanimously-
5. That the cordial thanks of this Meeting be presented
to William Nicol, Esq
or
able and courteous conduct
in the Chair.

ON
W. CRAMPTON JONES, Deputy Chairman.
Extracted from the Minutes.
(Signed) P. CLAPPISON, Secretary.

LONDON AND COUNTY BANKING
CPANY.
NOTICE IS TIEREBYOMGIVEN, That a DIVIDEND
on the CAPITAL STOCK of the COMPANY, at the rate
of Six per Cent, for the Half-year ending 30th June, 1866,
with a Bonus of Five per Cent will be PAID to the PRO-
PRIETORS, eitließryaot trdheerof the
Headffißocae,rd2.l, Lombard-street,
or at any of the 00I9any's Branch Banks, on and after
MONDAY, the 13th instant.
W. McIiEWAN, General Manager.
21, Lombard-street, 3d August, 1866.