The Sun.
London, England, 1859-08-06 00:00:00

REPORT.

The Directors have the pleasure ii lay before the Proprietors
the annexed statement of the affairs of the Bank on the 30th
June last, showing that, after making provision for bad and
doubtful debts, interest to customers, and current expenses,
as well as for the half-yearly dividend. there will remain a
Surplus of £6,291 14s. 10d. to be carried forward to Profit and
Loss New Account. • _ _ _

Your Directors have accordingly declared the Dividend,
usual at this period. of the year, of 5 per cent. for the six
months ending the 30th June last.
Since the Annual Meeting in February last your Directors
have taken over the business and premises of the Western
Bank of London, MI Banover-square ; the transfer thereof
having been effected on the 2d May last. Every confidence is
entertained that this will prove to be a satisfactory and ad-
vantag•eous arrangement.
The Dividend will be payable on and after Monday, the 15th
inst.

BALANCE SHEET OF THE LONDON AND COUNTY BANKING
Dr. COMPANY, JUNE 30, 1859.
To Capital paid up
Reserved Fund 105.000 0 0
Amount due by the Bank for Customers'
Balances, &c.
Profit and Loss Balance brought from last
Account
Gross Profit for the Half-year
after making provision for
Bad and Doubtful Debts 100,155 6 8
101,31 4 7

Cr. £5,325,513 6 0
By Cash on hand at Head Office
and Branches £550,926 8 10
Cash placed at call and at
notice 829,837 12 10
£1,380,764 1 8

Investments, viz.:—
Government and Guaranteed

Stocks
Other Stocks and Securities 118,036 11 2
580,981 13 6

Discounted Bills, Notes, and
temporary advances to Cus
tourers in town and c0untry2,859,735 6 7
Advances to customers on
special securities
3,240,803 16 4

Freehold Premises in Lombard-street and
Nicholas-lane, Freehold and Leasehold
Property at the Branches, with Fixtures
and Fittings 59,394 1 3
Interest paid to Customers
Salaries and all other Expenses at Ilead-
Office and Branches, including, Income
Tax • 44,414 10 1

£5,325,513 6 0
PROFIT AND Loss ACCOUNT.

Dr.
To Interest paid to Customers
Expenses, as above 44,414 10 1
Rebate on Bills not due, carried to Profit
and Loss New Account
Dividend of 5 per Cent. for the Ralf-year
Balance carried forward to Profit and Loss
New Account

6,459 16 6
25,000 0 0

6,291 14 10

£101,321 4 7

Cr.
By Balance brought forward from last Ae-
count 1,165 17 11
Gross Profit for 'the Half-year, after making
provision forbad and doubtful debts

£101,321 .4 7
We, the undersigned, have examined the foregoing Balance-
sheet, and have found the same to be correst.
(Signed) HENRY
HARRISON,
RY OVERTON,I Auditors.
JOHN WRIGHT,

London and County Bank, July 30, 1859.
The foregoing Report having been read by the Secretary,
the following Resolutions were proposed, and unanimously
adopted :-
1. That the Report be received and adopted, and printed
for the use of the Shareholders.
2. That the thanks of this Meeting be given to the Board of
Directors for the able manner in which they have conducted
the affairs of the Company.
The business of the Half-yearly General Meeting having
been disposed of, the Meeting resolved itself into an Extra-
ordinary General Meeting, when the allowing Resolution
was proposed and unanimously adopted :
Resolved—That the Resolution passed at the Extraordinary
General Meeting of the Shareholders, held on the 23d June,,
1850, authorising certain alterations in the Deed of Settle-
ment, be, and the same is hereby confirmed.
(Signed) WILLIAM NICOL, Chairman.
The Chairman having quitted the chair, it was resolved,
and carried unanimously —That the cordial thanks of this
Meeting be presented to William Nicol, Esq., M.P., for his
able and courteous conduct in the chair.

(Signed) WILLIAM CHAMPION JONES,
Deputy-Chairman.
Extracted from the Minutes.

R. P. NICHOLS, Secretary: