The Sun.
London, England, 1844-07-24 00:00:00

CAII4IIIi.tIAL .. BANK OF , LONDON
tr, , 3 MOORGATE-STREET, ,LOTHBI.TRY,, and 6, HENRI-
'.--STREET, COVENT-GARDEN.
DIRECTORS.
RICHARD WALKER, Esq., M.P., Chairman.
u GEORGE BULPETT, Esq., Deputy Chairman.
irorY Rarnewall, Esq. A John Harvey, Esq.
Mas Barnewail, Esq. 7. Jonathan Hopkinson, Esq.
Edward Stillingfleet Cayley; Esq., Edward Oxenford, Esq.
I.P. George Rennie, jun , Esq.
4:. It. Collett, Esq., M.P. John Shewell, Esq.
4.
trn,s A.. Douglass, Esq. John Taylor, Esq.
'4ofilas Grimsditch, Esq., M.P. Charles Weld, Esq.
MANAGER—Mr. Alfred It. Cutbill.
gotarroas—Messrs. Amory, Sewell, and Moores; and Messrs.
Norris and Sons.
De A Sal and Annual General Meeting of the Shareholders was
‘ld at thePeci Banking-house of the Company, 3, Moorgate-street, Loth
'41'37, on Monday, the 22d July, 1844.
_ George Bulpett, Esq., Deputy Chairman, declared the Meeting duly
!..astituted by the presence of the number of Proprietors required by
toe Deed of Settlement.
~, The advertisement calling the Meeting having been read, the mi-
'tes of the proceedings of the Special Meeting of the 3d of June last,
and11;I the resolutions then passed for reducing the denomination of the
Shares from 1,0001. to 100/. each, were severally read and unani-
,,,tu"
sIY confirmed.
The Annual deneral Meeting was then held, and the following Re-
Port from the Directors was read by the Manager :
FOURTH REPORT of the DIRECTORS of the COMMERCIAL
BANK of LONDON.
Jhe Directors, in conformity with the Deed of Settlement, submit
t 0 the Shareholders their Fourth Annual Statement, on reference to
, ,'"deh it will he seen that the position and prospects of the Bank con-
.wale to improve.
After,_ paying all the current expenses, and making provision for
'44 and doubtful debts, the net profits of the Bank for the past year
amount to 6,303/. 7s. I Id.
fThe Directors have therefore decided upon declaring a Dividend
~, lye per Cent. (free of Income-tax), leaving a balance of 2,303/. 7s.
bills,
part of which-will be required for rebate of interest on current
.-','lls, and the remainder is proposed to be placed to the credit of the
uttarantee Fund.
The Banking-house in Moorgate- street having been found inconve-
lii ehtlY small and quite inadequate for the transaction of the busi-
ness of the Company, now ill the course of daily extension, the Di-
ggers have taken new premises in Lothbury, to which they intend
shortly to remove.
shares
Directors are confident that the change in the amount of the
'.ares from 1,0001. each to 1001. each, will be the means of greatly
'Pending the connexions pf the bank, and thus prove highly con-
leive to the interests of the proprietors, whilst the removal of many
of restrictions which have hitherto impeded the operations of
'lnt-stock banks in London, and the power conceded under the New
Bank Charter of accepting bills at a less date than six months, will
!table the Directors to undertake much valuable business from which
they have hitherto been excluded.
4, In accordance with the provisions of the Deed of Settlement, the
`3,lowing Directors, viz., Edward Stillingfleet Cayley, Esq., M.P.,
Charles Weld, Esq., Thomas Barnewal, Esq., Jonathan Hopkinson,
Esq.,
retire from office, and, being eligible, they offer themselves for
re-election.
The dividend will be paid on and after the 10th of August next,
Ind at the same time certificates of the new shares will be exchanged
for the old ones.
COMMERCIAL BANK OF LONDON.—BALANCE SHEET.
JUNE, 30, 1844.

Subscribed Capital £400,000.
Paid-up capital •• £30,000 0 0
QUarantee fund and dividends invested in the pur-
chase of .£1,719 13s. 6d. Reduced Three per Cent.
Stock, which cost • • • • • • • • • •
tialance due to the customers of the Rank • • • •
4alance carried down, after deducting bad and
doubtful debts, and paying all charges and current
expenses

1,568 9 5
239,622 13 3

6,303 7 11