The Sun.
London, England, 1844-02-19 00:00:00

LONDON AND COUNTY JOINT- STOCK
BANKING COMPANY.
PARENT ESTABLISHMENT, 71, LOMBARD-STREET.
DIRECTORS.
WM. HAWES, Esq., Chairman.
EMANUEL COOPER, Esq., Deputy Chairman.
.William Cory, Esq. Alexander Rogers, Esq.
William Evans, Esq. Richard Springett, Esq.
Philip Frith, Esq. Clement Tabor, Esq.
Swynfen Jervis, Esq. John Wheelton, Esq.
John Cuthbert Joyner, Esq.
GENERAL MANAGER—Henry Luard, ESQ.
At the Annual Meeting of Proprietors held on Thursday, the Ist of
February, 1844, at the Company's premises, No. 71, Lombard-street,
the following Report for the year ending the 30th of December, 1843,
was read by the Secretary :
W. HAWES, Esq., in the Chair.
REPORT.
Your Directors have much satisfaction in calling the attention of
the Proprietors to the half-yearly balance sheet of the Company, by
which it will be seen its business is steadily improving, and that,
after deducting all the current expenses of the head office and
branches, and interest on current and deposit accounts, rebate on
bills not due, allowance for bad and doubtful debts, &c., there re-
mains a balance of 3,8471. 14e. at the disposal of the Shareholders.
Your Directors recommend a dividend at the rate of 5 per cent. per
annum for the half-year, which, if approved by the Proprietors,
leaves 805'. 11s. 6d. for the Guarantee Fund.
Your Directors can continue to report most favourably of the
working of the branches. They believe the monetary wants of the
localities in which they are situated are fully provided for, without
any stimulus being given by the issue of local notes.
Your Directors cannot make any definite report at present on the
pending law proceedings, arising out of the affairs of Messrs. Coils
and Co.; but, acting under the best legal advice, and devoting to
them their best attention, they believe the statements made to the
last meeting will be supported by the result.
As soon as it is in their power to afford an exact account of these
transactions, a detailed statement will be submitted to the Proprietors.
The Proprietors will not fail to observe that, although the times
have been most unfavourable for banking profits, the Guarantee
Fund is increasing.
The three members of the Board who retire from the Direction on
the present occasion are—John Cuthbert Joyner, Esq., Swynfen
Jervis, Esq., and Win. Cory, Esq., all of whom are eligible for re-
election, and offer themselves accordingly.
BALANCE SHEET OF THE LONDON AND COUNTY BANKING COMPANY,
30TH DEC., 1843.
LIABILITIES.
•X 121,685 0 0
8,245 0 4

Paid-up Capital .
Reserved Fund • . .. .. .. .. . .

Due to Customers on Current and Deposit Ac-
counts and other Liabilities• • • .
Profitand Loss • • • • • • •• •• • ....... • • • • • • • • • • • •

ASSETS.

Cash on hand
Securities, Discounted Bills, &c• • •
Preliminary Expenses, Expenses of establishing
Branches, Bank Premises and Leases, &c., Cur-
rent Expenses, and Interest on Current and
Deposit Accounts, Scc. • • • • • •

£129,930 0 4

996,082 17 8
29,152 0 8

£1,155,164 18 8

2188,951 10 5
912,869 0 10

53,344 7 5

£1,155,164 18 8

We, the undersigned, have examined the foregoing balance sheet,
and compared the items it comprises with the several books and
vouchor6 relating thereto, and have found the same to he correct.
(Signed) THOMAS JAMES.
JONATHAN BARRETT.
London and Country Bank, Jan. 25, 1844.
PROFIT AND LOSS ACCOUNT.
DEBTOR.

Current expenses, salaries, rent, &c., of Head Office
and branches, interest allowed on,current and deposit
accounts, rebate on bills not due, and allowance for
bad and doubtful debts, &c.
Half-year's dividend at 5 per cent • . 3,042 2 6
Balance carried to Guarantee Fund. •• •

£29,152 0 8