The Sun.
London, England, 1845-02-07 00:00:00

LONDON AND COUNTY JOINT-STOCK
BANKING COMPANY.
PARENT ESTABLISHMENT, 71, LOMBARD-STREET.
DIRECTOR!).
WILLIAM HAWES, Esq., Chairman.
EMANUEL COOPER, Esq., Dputy Chairman.
William Cory, Esq. Alexander Rogers, Esq.
William Evans, Esq. Richard Springett, Esq.
John Griffiths, Frith, Esq. Clement Tabor, Esq.
SwYnfen Jervis, Esq. John Wheelton, Esq.
John Cuthbert Joyner, Esq.
GENERAL MANAGER—Henn Luard, Esq.
,p_,,tt the Annual Mcetbig of Proprietors held on 'Thursday, the 6th
arY, 1845, at the Company's Premises, No. 71 Lombard-street,
Wits";,ll"ring Report for the year ending the 31st, December, 1844,
by the Secretary :
W. HAWES, Esq , in the Chair.
REPORT. Your Directors have again much pleasure in laying their half-
31T•Iy Re port
before the Proprietors.
4,2uour D.irectors are happy to report the business of the Bank con-
(7vese to improve and to increase, and they recommend the payment
ca,st_t.islial dividend at the rate of Five per Cent. per. Annum on the
Stock of the Company for the half-year ending the 31st
rof
wetelnber 1844 The amount (2,5541. Iss. 6d.) proposed to IT
the
erpeto the Reserved Fund after the payment of this dividen
eountk:es of ;he establishment—the interest on deposits and current ac-
doni;..---the rebate on bills not due—the allowance for bad and
ing mil debts, and the income-tax—exceeds that of any correspond-
Period since the estaidishment of the Bank, and with the sum
Yeal44eed to
that fund by the meeting in August last, its increase for the
1,11 1,44 amounts to 3,4031. Os. 11d.
rsikme,,,,ProPrietors will recollect, that at the last meeting the Directors
hold thethey had, by a second verdict, maintained their right to
lodgeascrip of the Royal Mail Packet Company, which had been
brotr-e f
L""ithe
ht
Berm advances bona Ode made to Messrs. Colls, the
o.Messrs. Acra
Of tx„,4"lgnees of Messrs. Aeraman have since applied to the Court
iiiiinit't"eiltiet for another new trial ; and this application having been
Esztio„ed, by the Court, a third appeal has to be made to a jury of
lour merchants, to confirm their previous decision.
sitorTypirectors having found that the present Head Office could, not
Darin,'" accommodation required by the great increase of the Com-
ham. uttsmess, have obtained the more extensive premises, 21, Lorn-
ilinntisltreet, to which they intend to remove during the ensuing
Tice •
Ike
iernhers of the Boa etiring by rotation on this occasion are Joilt.LlA:ll HAWES, Esq.; CLEMENT TABOR, Esq. ; and
ski WHEELTON, Esq. ; all of whom are eligible for re-election,
ffer themselves accordingly.
Of the LONDON and COUNTY BANKING COMPANY,
31st DECEMBER, 1844.

Cr.
14341) Capital . • £161,025 0 o!Cash on hand .. £264,194 4 10
Fund .. 10,172 17 4,'Securities, Dis-
counted bills, &c. 1,113,134 10 3
Bank Premises,
freehold and
leasehold
Preliminary Ex-
penses, and Ex-
penses of estab-
lishing Branches 17,976 5 9
Current Expenses,
Salaries, Rent,
and Bad and
Doubtful Debts 16,820 4 0
Interest paid on
Current and De-
posit Accounts 6,859 3 0
£1,437,104 14 71 £1,437,104 14 7

• 1)4 ,
Customers
current and
accounts 17 IA& "9
Profit-
„ far or
tarriea 31,193 19 6

171,197 17

is,pso 6 9

txpenses,
orpdalales, Rent, &c.
kand Oflice and
itil,;"elles, Interest
ariciwed en Current
tountbePosit Ac-
hill, 8, Rebate on
44owliaonteedifi:iand
11:171,10tilitifill debts 28,404 7 0i
at bad
bividend
A.o,l)er Cent., free
,I',,lleduction for
Oti,,Larried to
Fund

'GrossProfits for Half-
year brought down 34,493 19 6

3,534 17 0;

2,554 15 61

£34,439 19 6