The Sun.
London, England, 1868-08-07 00:00:00

LOND ON AND COUNTY BANKING
COMPANY.

Established 1836.
Subscribed Capital £2,500,000, in 50,000 Shares of £5O each.
Paid-up Capital £959,996. Reserve Fund £459,996.
DIRECTORS.

Nathaniel Alexander, Esq.
John Edmund Anderdon,
Esq.
Thos. Tyringham Bernard,
Esq.
John William Burmester,
Esq.
Hugh C. E. Childers, Esq.,
➢I.P.

Philip Patton Blyth, Esq.
John Fleming, Esq.
Frederick Francis, Esq.
Edward W. T. Hamilton,
Esq., M.P.
Frederick llarrison, Esq.
William Champion Jones,
Esq.
William Nicol, Esq.
GENERAL MANAGER.
William APlCewan, Esq.
CHIEF INSPECTOR.
W. J. Norfolk, Esq.
ASSISTANT GENERAL MANAGER.
William Howard, Esq.
CHIEF ACCOUNTANT.
James Gray, Esq.
INSPECTORS OF BRANCHES.
11. J. Lemon, Esq., and C. Sherring, E.
SECRETARY.
F. Clappison, Esq.
HEAD OFFICE.
21, Lombard-street.

At, the Half-yearly Genoral Meeting of the Proprietors,
held on Thursday, the 6th August, 1868, at the City Ter-
minus Hotel, Cannon-street Station,
HUGH C. E. CHILDERS, Esq., M.P., in the Chair,
The follow'ng Report for the Half-year ending the
30th June, 1868, was read by the Secretary :
The Directors, in submitting to the Proprietors the
balance-sheet of the Bank for the half-year ending the
30th of June last, have the pleasure to report that, after
paying all charges, and interest to customers, and making
provision for bad and doubtful debts, the net profits
amount to £72,165 12s. 6d. This sum, added to
£7,810 16s. 2d., brought forward from the last account,
produces a total of £79,976 Bs. Bd.
They have declared the usual dividend of 6 per cent.,
with• a bonus of 2 per cent. for the half-year, free of in-
come tax (equal to 16 per cent. per annum), which will
absorb £75,884 ss. 4d., and leave £4,092 3s. 4d. to be
carried forward to profit and loss new account.
The dividend and bonus (together £1 12s. per share)
will be payable at the Head Office, or at any of the
Branches, on and after
BALANCE Monday, the 17th instant.
SHEET

of the London and County Banking Company, 30th June,
1868. _

To capital...... £1,000,000 0 0
To instalments unpaid,
not yet due

40,004 0 0

£959,996 0 0

To reservo fund 500,000 0 0
To instalments unpaid,
not yet due.. 40,004 0 0

459,996 0 0

To amount duo by the
Bauk for customers'
htlauces, &c.
To liabilities on accept-
ances covered by gua-
rantees and securities 1,676,317 9 11
-- 13,680,794 15 4

To profit and loss
balance brought from
last account 7,810 16 2
To gross profit for the
half-year, after mak-
ing provision for bad
and doubtful debts 218,025 13 9

225,83 G 9 11

£15,326,623 5 3

CR.
By cash on hand at
Head Office and
Branches, and with

18,501. 1 9 -

y cash placed at call
and at notice, covered
by seem ides
-£3,196,583 19 7

Investments, viz.:—
Gove•rnment and gua-
ranteed stocks 1,147,106 4 8
Other stocks and secu-
rities

60,533 10 8

1,207,644 15 4

Discounted bills, ani
advances to cus-
tomers in town and
country
Liabilities of customers
for drafts accepted
by the Bank, as per
contra ..... 1,676,317 9 11.

10,562,355 16 6
Freehold premises in Lombard-streetaud
Nicholas-lane, freehold and leasehold
property at the, Branches, with fixtures
and fittings
Interest paid to customers
Salaries and all other expens‘!s at Head
Office and Branches, including income
tax on profits and salaries

225,796 1 5
33,029 15 8

101,207 16 9

£15,326,623 5 3
PROFIT AND LOSS ACCOUNT.

Dn.
To interest paid to customers, as above £33,029 15 8
To expenses, as above 101,207 16 9
To rebate on bills not due, carried to

new account
To dividend of 6 per cent. for the half-

11,622 8 10

year
To bonus of 2 per cent
To balance carried forwari

56,913 4 0
18,971 1 4
4,092 3 4

£225,836 9 11

Ca.
By balance brought forward from last

account
By gross profit for the half-year, after
making provision for bad and doubtful
debts

£7,810 16 2

218,025 13 9
•••

£225,836 9 11
We, the undersigned, have examined and approved the
above balance-sheA.

WILLIAM NORMAN,
(Signed) R. H. SWAINE, Auditors.
WHITBREAD TOMSON.
London and County Bmk, 30th July, 1868.
The foregoing report having been read by the Secretary,
the following resolutions were proposed and unanimously
adopted :
I. 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.
(Signed) HUGH C. E. CHILDERS, Chairman.
The Chairman having quitted the chair, it was rosolvad
•

and crried unanimously.-
8. That the cordial thanks of this meeting be pre-
sented to Hugh C. E. Childers, Esq., M.P., for his able
and courteous conduct in the chair.

(Signed)
W. CHAMPION JONES, Deputy-Chairman.
Extracted from th© Minutes.
(Signed) F. CLAP PISON, Secretary.

LONDON AND COUNTY BANKING
COMPANY.
Notice is hereby given, that a DIVIDEND on the
Capital of the Company, at the rate of 6 per Cent. for the
half-year ending 30th Juno, 1868, with a Bonus of 2 per
Cent., will be Paid to the Proprietors either at the Head
Office, 21, Lombard-street, or at any of the Company's
Branch Banks. on and after MONDAY, the 17th instant.
By order of the Board,
W. M'KEWAN, General Manager.
21, Lombard-street, Aug. 7, 1868.