The Sun.
London, England, 1868-02-08 00:00:00

f ONDON AND COUNTY BANKING
COMPANY. _ _

(Established 1836.)
Subscribed capital, £2,500,000, in 50,000 shares of £5O
each.
Paid-up capital, £925,428. Reserve Fund, .£425,428.
DIRECTORS.
Nathaniel Alexander, Esq. ;John Fleming. Esq.
John Edmund Anderdon, I Frederick Francis, Esq.•
Esq. Edward W. T. Hamilton,
Thomas Tryingbam Ber- Esq., M.P.
nard, Esq. Frederick Harrison, EN.
Philip Patton Blyth, Esq. William Champion Jones,
John Win. Burmester, Esq. Esq.
Hugh C. E. Childers, Esq., William Nicol, Esq.
M.P.
GENERAL MANAGER—WiIIiam M'Kewan, Esq.
CHIEF INSPECTOR—W. J. Norfolk, Esq.
ASSISTANT GENERAL MANAGER—WiIIiam Howard, 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 proprietors, held
on Thursday, the 6th Feb., 1868, at the City Terminus
Hotel, Cannon-street Station, the following report for the
year ending Dec. 31, 1867, was read by the Secretary—
WILLIAM NICOL, Esq., in the Chair:—
The directors, in submitting to the proprietors the
balance-sheet of the bank for the half year ending time 31st
of- December last, have the pleasure to report that, after
paying all charges, and interest to customers, and mak-
ing provision for bad and doubtful debts, the net profits
amount to £82,624 lbs. 4d. Thissum, added to £7,081 ls.
ld. brought forward from the last account, produces a total
of £89,705 16s. od.
The usual dividend of 6 per cnit. is recommended, to-
gether with a bonus of 3 per cent. for the half year (both
free of the income tax), which will absorb £81,895 Os. 3d.
and leave .£7,810 16s. 2d. to be carried forward to profit
and loss new account. The dividend for the whole year
1867 will thus be 20 per cent.
The directors have to announce the retirement of Coles
Child, Esq., from the board, on account of ill health, and
the election of Frederick Francis, Esq., in his stead.
This creates a vacancy in the auditOrship, which it is
in the power of the meeting to fill up.
The directors retiring by rotation are—Hugh Culling
Eardley Childers, Esq., M.P., Philip Patton Blyth, Esq.,
and Edward W. Terreck Hamilton, Esq., M.P., who, being
eligible, offer themselves for re-election.
The dividend and bonus (together £1 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 17th inst.
BALANCE-SHEET OF THE LONDON AND COUNTY BANKING
COMPANY, 31ST.
Dr. DECEMBER, 1867.
To capital £1,000,000 0 0
„ instalments unpaid,
not yet due

„ reserve fund £500,000 0 0
„ instalments unpaid,
not yet due

74,572 0 0

„ amount due by the
Bank for custom-
ers' balances, &c. 12,195,149 19 3
„ liabilitiespn accept-
ances, covered by
guarantees and
securities

„ profit and loss bal-
ance brought
from last account 7,081 1 1
„ gr mss profit for the
half year, after
making provision
for bad and doubt-
ful debts

226,973 4 1

Cr.
By cash on had at
head office and
branches and with
Bank of England £1,979,418 19 1
„ cash placed at call
and at notice,
covered by secu-
rities

Investments, viz.:—
Government and gua-
ranteed stocks
Other stocks and
securities

63,448 3 8

vrscountea Lino Ana
advances to custom-
ors in town and
country 8,979,541 17 8
Liabilities of customers
for drafts accepted
by the bank (as per
contra)

£925,428 0 0

13,985,310 0 11

234,054 5 2

£15,570,220 6 1

3,310,591 1 7

1,138.C.?.3 1:1 9.

10,769,701 19 4

Freehold premises in Lombard-street
and Nicholas-lane, freehola 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 95,627 19 2

218,328 11 3
37,346 19 7

£15,570,220 6 1
PROFIT AND LOSS ACCOUNT.
To interest paid to customers, as above
To expenses do
To rebate on bills not due, carried to
new account..
To dividend of 6 per cent, for the half

£37,34619 7
95,627 19 2

11,373 10 0

year _
To bonus of 3 per cent
To balance carried forward

By balance brought forward from last
account
By gross profit for the half year, after
making provision for bad and doubt-
ful debts

54,596 13 6
27,298 6 9
7,810 16 2

£234,054 5 2

£7,081 1 1

226,973 4 1

£234,054 5 2
We, the undersigned, have examined the foregoing
balance-sheet, and have found the same to be correct.
(Signed) WILLIAM NORMAN,/
R. H. SWAINE,
London and County Bank, Jan 30, 1868.
The foregoing Report having been read by the Secre-
tary, the following Resolutions were proposed and unani-
mously adopted : Auditors.
1. That the Report be received and adopted, and printed
for the use of the shareholders.

half
of
123;
pTyeehraaret e aenntd.
ivbniogdtehnBdflrseet
free
December,
percienmc cobinret;
t,
alt x
,Bo6g7be,?pearwa declaredbilt
eh aof
nebro
and
uhu
des
after Monday, the 17th instant, and that the balance of
£7,810 16s. 2d. be carried forward to profit and loss
new account.
3. That Hugh Culling Eardley Childers, Esq., M.P.,
be re-elected a director of this Company ; that Philip
Patton Blyth, Esq., be re-elected a director of this Com-
pany ; that Edward William Terreck Hamilton, Esq.,
m.p., be re-elected a director of this Company.
4. That William Norman and Richard Hinds Swaine,
Esquires, be elected auditors for the current year.'
5. That Whitbread Tomson, Esq., be elected an auditor
for:,the current year.
6. 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.
7. That the thanks of this meeting be presented to the
Auditors of the Company for their services during the
past year.
8. That the thanks of this meeting be presented to
William M'Kewan, Esq., to the Chief Inspector, to the
Chief Accountant, to the Secretary, and to all the other
officers 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 re-
solved, and carried unanimously-
9. That the cordial thanks of this meeting be pre-
sented to William Nicol, Esq., for his able and courteous
conduct in the chair.
(Signed)-W. CHAMPION JONES; Deputy Chairman.
Extracted from the minutes.
(Signed) F. CLAPPISON, Secretary.

RUPTURES.-13Y ROYAL LETTERS PATENT.
WHITE'S MOC-MAIN LEVER TRUSS
(Perfected and Exhibited in the Great Exhibitions
of 1851 and 1862) is allowed by upwards of Two Hundred
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site resisting power is supplied by the Moc-Main Pad and
Patent Lever, fitting with so much ease and closeness that
it cannot be detected, and may be worn during sleep. A
descriptive circular may be had, and the truss, which can-
rot fail to fit, forwarded by post, on the circumference of
the body, two inches below the hips, being sent to the
manufacturer,
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165., 215., 265. 6.d., and 31s. 6d. Postage,
A Single Truss,
is. A Double Truss, 31s. 6d., 425, and 525. 6d. Postage,
ls. Bd. An Umbilical Truss, 425. and 525. 6d. Postage,
ls. 10d.
Post-office Orders to be made payable to John White,
Post-office, Piccadilly.
•