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Mit ( ' ^ V htlL cj ^ f^^^ / ^ ^^ ^^ -^ ...
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VOIi. X. No. 461] SATURDAY, JANUARY 22, ...
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TWENTIETH REPORT
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Mit ( ' ^ V Htll Cj ^ F^^^ / ^ ^^ ^^ -^ ...
Mit ( ' ^ htlL cj ^ f ^^^ ^ ^^ ^^ - ^ ? A POLITICAL , LITERARY , AND COMMERCIAL WEEKL Y NEW SPAPER , RECORD OF JOItfT STOCK COMPANIES , BANKS , RAILWAYS , MINES SHIPPING , & c . .
Voii. X. No. 461] Saturday, January 22, ...
VOIi . X . No . 461 ] SATURDAY , JANUARY 22 , 1859 . Price { % Fa ^™ ± W $£ *
Twentieth Report
TWENTIETH REPORT
Ad00104
OF THE DIRECTORS OF THE COMMERCIAL BANK OF LONDON For the Half-year ending 31 st December , 1858 . At a HALF-YEARLY GENERAL MEETING of the Shareholders , held at the Banking-house , Lothbury , on Tuesday , the 18 th January , 1859—1 JIBECTOB 3 . MARK HUNTER , Esq ., Chairman . Edward Stillingfleet Cayley , Sir Joseph Paxton , M , P ; Esq ., M . P . Robert Staccy Price , Esq . John Alfred Chowne . Esq . John Savage , Esq . George Clive , Esq .. M . P . Herbert Taylor , Esq . Jonathan Hopkinson , Esq . . Joseph Thompson , Esq . - William Jackson , Esq ., M . P . Thomas Winkworth , Esq . Manager . —Mr . Alfred Cutbill . Solicitors . —Messrs . Tathain , Upton , Upton , and Johnson ; and Messrs . Norris and Son . - Present—Forty-Height Proprietors . The Manager read the advertisement-calling the Meeting , and afterwards the following ' REPORT . The Directors have now to lay before the Shareholders of the . bank the balance-sheet for the half-year ending 31 st December , 1888 , showing a net profit ( including 1391 / . 8 s . 3 d . brought forward from last half-year ) of 13 , 822 ? . Is . 5 d- » after , payment of all expenses , and making provision for bad and doubtful debts .. " ¦ . The Directors propose to declare a dividend for the halfyear at the rate of < J * . per cent , per annum , payable on and after the 31 st inst . The dividend will require 9000 Z ., and after allowing 3-1202 . 19 s . 5 d . for rebate on current bills not yet due , there will remain a balance of 1401 / . 2 s . to bo carried forward to the present half-year . Commercial Bank op London Balance-sheet to 31 st Dec ., 1858 . Dr . Capital subscribed • ' .. .. £ 1 , 500 , 000 Capital paid-up 20 / . each on 15 , 000 shares .. £ 300 , 000 0 0 Guarantee . Fund ¦¦ ¦• .. .. .. 7 . " > , 000 0 0 Balances due to the customers of the bank 002 , 881 5 7 Balance of undivided profit , 30 th Juno , 1858 .. .. £ 1 , 391 8 3 Net profit for tho half-year ending 31 st Dec . 185 S , after paying income-tax and deducting all charges and expenses , and making provision for bad and doubtful debts 12 , 430 13 2 Balance carried down .. ! 13 , 822 l B £ 1 , 291 , 700 7 0 Ob . Gash in tho bank and * t call , at tho Bank of England , Exchequer Bills , India Bonds , and Government Securities .. .. £ 285 , 045 4 0 Bills discounted , loans on stock , and other securities .. .. .. 1 , 003 , 061 2 0 Strong-room , fittings , and furniture ( pro- ^ miscs hold on lease ) .. 3 , 000 0 0 - £ 1 , 291 , 700 7 0 X ) R , ¦ I , , . __—__ Dividend . at tho rate of Ql , per cent , per annum , for tho half-year ending 31 st liec ~ W » ¦ .. .. .:. ¦ .... ... £ 9 , 000 o o Jtobato of Interest on current bills carried to profit and loss , now account .. .. 3 , 420 19 5 Balance carried to next halfryoar .. ,. 1 , 401 2 0 £ 13 , 822 1 ~*" 5 Cb . , .... Balance brought down xfl 3 , 822 1 5 £ 13 , 822 15 t £ u "ISC ?* * d balance-sheet having boon road , *« w . Uftairmau moved , and Joseph Underwood , Esq ., aeoonded . the adoption of tho reportrwhon * jl V *» resolved—That tho report and balance-sheet Just pmtors WI > rO printed , and circulated amongst tho pronS «& ° ^ F , *> Mark Hunter , Esq ., on tho part of tho ? oS 2 w » 4 # Jw" >* R « WWcnd . on tljo paid-up capital pf tho h » W " " !* ^ * ot < " PP " cent , por annum for tljo past timStiPhttS 0 ' P » 'noomoi-tajt , payable on and after Mon * *« vi sup aisb of January instant ' fcfl * fS 86 lvod- ~ "j ; hRtth 1 » thanks of thli mooting bo proBontod » ffairao ^ rtho i | n n BW *> h *« for thqir abolition to tho iciv ^ n t ^ SiT" ^* * *«>• ' Wank * of tho nuaroholdora bo BWon . to tha manager , Mr . OutbiU . . MARK HUNTER , Ohnlrman .
Ad00103
COMMERCIAL BANK OF LONDON . The DIRECTORS HEREBY GIVE NOTICE that a DIVIDEND on the PAID-UP CAPITAL of the Company at the rate of srx PER CENT . PER ANNUM , for the Half-year ending 31 st December , 1858 , free from incometax , will be payable at the Banking-house in Lothbury on . and after MONDAY , the 31 st of January instant . By order of the Board , A . R . CUTBILL , Manager . Dated 18 th January , 1 S 59 . .
Ad00109
SIXTH REPORT OF THE CITY BANK , LONDON , At a Reneral Meeting of the Shareholders , held at the London Tavern , on Tuesday ^ January 18 , 1859 , Alderman Sir Robert Walter Cardek . 3 f ; P . Chairman . Peter Bell , Esq ., Deputy Chairman . . ' DIBBCTORS . Peter Bell , Esq . i Andrew Lawrie , Esq . Sir Robert W , Carden , M . P . John Lidgett , Esq . Henry ViirursTiast , Eaqr | -Robert Lloyd , Esq . William Gardner , Esq . Win . Macuausfntan , Esq . John Hackblock ,, Esq . Jonathan Thorn , Esq . John Jones , Esq . John Vaiiner , Esq . The Manager—A . J . White , Esq . Solicitors—Messrs . Pearce . Phillips , Wiuckworth , and Pearce . The following Report was presented : — The Directors have the gratification to report that the business of tho Bank has throughout the past half-year continued the same steady courso of extension which has marked ; its progress from the commencement of its operations ; and they have the pleasure . to announce that , notwithstanding the low rate of interest which has prevailed during the whole of the period to ' which the accompanying accounts relate , they aro enabled , after paying , all the current expenses of tho establishment , and making a liberal provision for bad and doubtful debts , to declare tho usual dividend of 51 . percent , per annum , frco of Income-tax , and to carry forward tho sum of 69322 . 19 s . lid . to tho credit of the new profit and loss account , for disposal at the end of tho financial year . The dividend will bo payable on aud after Tuesday , tho 25 th iust . After tho Regi $ ter of Shareholders arid Register of Transfers had been anthonticated by impressing thereupon tho Corporate Seal of tho Bank , tho Secretary road tho Report and Accounts , and It was resolved unanimously , —That tho report now road bo received and adopted . Whereupon a Dividend was declared , for tho period ending tho 31 st December last , nt and after tho rato of nf . por cent , por annum , free of Income-tax . It was then resolved unanimously , — That tho thanks of this Meeting bo tendered to tho Chairman and Directors , for their important sorvicos as shown in tho very satisfactory report now presented . That tho boat thanks of this Mooting bo given to Mr . Whito for tho energy and talont displayed by him as manager . Thnt tho tlmnka of tho Mooting bo tendered to tho Auditors , for tho otuciont mnunor fix whioh they have discharged their duties . ( Signod ) ROBERT WALTER GARDEN , Chairman . Extracted from tho Minutes . COOPER J . WORTH , Secretary . THE CITY BANK , London . Liabilities and Assets , on tho 31 st day of Dooombor , 1853 . Dr . £ s . d . To Capital paid up , viz . 50 / . ' per Share on GOQO Shares .. .. .. .. 300 , 000 0 0 To Amount of Reserved Fund .. .. 30 , 000 0 0 To Amount duo by tho Bank .. .. 1 , 749 , 747 2 9 To Profit and Loss for tho Balanoo of that Account , via . : — Surplus Profit brought forward from last half-year £ 2 , 501 10 0 Sinco added ,.. .. .. 2-1 , 884 4 0 27 , 475 U 0 2 , 107 , 222 17 3 Cr ,. . — , IJy Exphoiiuor . bills and H )« wt India Bonds .. 204 , 018 14 a By othor Spcurlttos , including Bills dta-„ _ , counted and Loans . / .. ' .. i ; 737 , 080 0 8 ByBui ding , Furniture , and Fixtures .. « 2 A ) , WQ > 7 1 ' By Cash in hand , at Bank of England , and at Call 134 , 833 15 4 £ 2 , 1 , 07 , 822 17 3
Ad00110
Profit and Loss Account of the City Bank , for the Half'year ending 31 st December , 1858 . Dr . ' £ a . d-To Current Expenses , including ; Salaries , Rent , Stationery , Directors ' Remuneration , proportion of Building Expenses , Allowance for bad and doubt- - . fut ' Debts , Income-tax , & c .. ' .. " 10 , 093 9 0 To Amount carried to Profit and Loss New Account , being Rebate on Bills Dis- . . counted , not yet due .... .. 2 , 899 5 7 To Dividend Account for the Payment of a Dividend at the ; rate of 5 ? . per cent , per annum , upon 300 , 000 ? ., the Amount . of paid-up Capital on 6000 Shares " 7 . 500 0 0 To undivided Profit transferred to Profit and Loss New Account .. .. 6 , 982 19 11 27 , 475 14 6 Cr . . ¦ ¦ ' '¦¦ ¦ ¦ . - ' ¦ ' — By Balaiice , brought down , viz .: Surplus Profit brought forward from last _ half-year ,... ¦ .. •• •• 2 , 59110 6 Since added . .. •• • - - 24 , 884 , 4 0 ' ¦¦"¦'' ... ' ¦ ' ' . ' £ 27 , 475 14 6 .:. . We have examined , and do approve the above accounts . WAf . ANNING , \ Auditors OWEN LEWIS , ; " : London , 13 th January , 1859- ' THE CITY BANK , CORNER OF FINCH-LANE , THREADNEBDLESTREET , LONDON . Incorporated by Royal Charter 1855 . Subscribed capital •• .. .. .. £ 600 , 000 Paid-up capital .. .. .. .. .. 300 , 000 Reserve fund .. .. 30 , 000 Current accounts aro made up to the 30 th of June and the 31 st of December in each year ; and if the credit valance shall not , at any time during the halfryear , have ieen below 500 ? ,, interest at the rate of 2 per cent , per mnum is allowed on the minimum monthly balances . If lot below 2007 ., interest at the rate of 1 per cent , per mnuin is allowed on the minimum monthly balances ; but f under 2007 . no interest is allowed .. Deposit Accounts . —Money . is received from the public generally , and interest allowed thereon at the current rate 3 f the day , the Bank notifying any change in the rate of interest by advertisement in one or more pf the leading London newspapers . , The agency of country and foreign banks , whether jointstock or private , is undertaken by the Bank . Letters of credit , payable at any of the chief commercial towns and cities of the world , are granted by the Bank . Circular notes aro issued by the Bank , addressed to all . and payable at any , of tho places on tho Continent whore tho bank has an agent . Dividends , & o . » on Government and other stocks , annuities , pensions , & o ., are received for customers of the Bank without charge ; and every description of banking "business is transacted . London , Jan . 18 , 1859
Ad00108
NOTICE OF DIVIDEND . BANK oFdEPOSIT , No . 3 , Pall-xnall East , London , S . W . Tho WARRANTS for tho HALF-YEARLY Interest , at tbe rate of 6 per Cent , por Annum , on Deposit Accounts , to tho Slat December , aro ready for delivery , and payaulo dally between tho hours of 10 and- 4 . ¦ PETER MORRISON , Managing Diroctor . January , 10 , 1859 . Prospectuses and Forms sent free on application .
Ad00107
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Ad00106
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Citation
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Leader (1850-1860), Jan. 22, 1859, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_22011859/page/1/
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