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' "^^ii^C^ f^^ A POLITICAL AND LITERARY ...
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VOL. IX. No. 4,35,] SATURDAY, JULY 24, 1...
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-VTINETEENTH REPORT of the DIRECX> TORS of the COMMERCIAL BANK of LONDON,
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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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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' "^^Ii^C^ F^^ A Political And Literary ...
' "^^ ii ^ C ^ f ^^ A POLITICAL AND LITERARY REVIEW , MERCANTILE JOURNAL , . - . . . .. ; .. . . ¦ . ' ¦ : "¦ and . ' ¦ ¦ ¦ ' - . - ¦ . ' ¦• ' . ¦ RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MIMS , SHIPPING , & c .
Vol. Ix. No. 4,35,] Saturday, July 24, 1...
VOL . IX . No . 4 , 35 , ] SATURDAY , JULY 24 , 1858 . Price { ffia ^ KS ?"
-Vtineteenth Report Of The Direcx≫ Tors Of The Commercial Bank Of London,
-VTINETEENTH REPORT of the DIRECX > TORS of the COMMERCIAL BANK of LONDON ,
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for the HALF-YEAR , ending 80 th June , 1858 . —At an ANNUAL GENERAL MEETING of the Shareholders , held at the Banking-house , Lothbury , on Tuesday , the 20 th July , 1858 . . * ¦ Tif HVf ^ TORR MARK HUNTER , Esq ., Chairman . Edward Stillingfleet Cayley , Sir Joseph Paxton , M . P . Esq ., M . P . Robert Stacey Price , Esq ^ John Alfred Chowne , Esq . John Savage . Esq . George Clive , Esq ., M . P . Herbert Taylor , Esq . William Cooper , Esq . Joseph Thompson , Esq . Jonathan Hopkinson , Esq . Joseph Underwood , Esq . William Jackson , Esq ., M . P . Thomas Winkworth , Esq . Present , Fifty-four Proprietors . Managbr . —Mr . Alfred Richard Cutbill . Solicitoks . —Messrs . Tatham , Upton , Upton , and Johnson ; and Messrs . Norm and Son . The Manager read the advertisement calling the meetiiiR , and afterwards the following REPORT . The balance-sheet for the half-year ending 30 th June last , which the Directors have now to place before the Shareholders , shows a net profit ( including 2304 Z . Is . 8 d . undivided on the Slst December , 1857 ) , of 14 , 019 k 18 s . after deducting all expenses and making provision for bad and doubtful debts The Directors have therefore determined to declare a dividend at the rate of 61 . per . cent , per annum , payable on and after the 2 nd of August next . t The sum of 3627 / . 19 s . 9 d . is required for rebate on current bills not yet due , and there will tlien remain 1891 ? . 8 s . 3 d . to be carried forward to the next half-year . In compliance with the provisions of the deed of settlement , the following Directors , viz . Mark Hunter , Esq ., Sir Joseph Paxton , M . P ., and William Coopor , Esq ., retire from office , but being eligible , offer themselves as candidates for re-election . COMMERCIAL BANK OF LONDON , BaXAWCE-SHEST TO JJOTtt JtTME , 1858 . Db . . tfepitai subscribed ... _ J & UMtyMO' - - Capital paid-up , 20 / . each on 15 , 000 snares . ..... i ... j £ 300 , 000 0 0 Guarantee fund 75 , 000 0 0 Balances due to the customers of the Bank J ) 35 , 081 2 2 Balance of undivided profit , 31 st December , 1867 £ 2 , 304 18 Net profit for the half-year ending 30 th Juue , 1858 , after paying income-tax and deducting all charges and expenses , and making provision for bad and doubtful debts 11 , 71 s 6 4 Balance carried down —— : 14 , 019 8 0 . ' £ 1 , 324 , 100 10 2 Cb . Cash in the Bank and at call , at the Bank of England , Exchequer Bills , India Bonds , and Consols £ 25 « , 048 10 V Bills discounted , loans on stock and other securities 1 , 004 , 15110 5 Strong-room , fittings , and furniture ( promises held on lease ) 3 , 000 0 0 £ 1 , 32-1 , 100 10 2 Dr . Diridond on the rate of 61 . per cent , per annum for the half-year ending 30 th June . 1868 ..... I £ 9 , 000 0 Rebate of interest on current bills carried to profit and loss new account 3 . fi 27 10 9 Balance carried to noxt half-year 1 , 891 8 3 c " £ 14 , 010 8 0 Balance brought down £ 14 , 019 8 0 J . J » o Report and Balance-sheet having been read , it was Resolved ,--i : hat the Report and Balance-sheet just read prietors ° prlnt < Ja » an " circulated amongst the l ' ro-• Jf ? ° ' 1 all ? « n . Mark Hunter , Esq ., on the part of tho Dlrw ™ , ' deo ! ? da dividend on tho pnid-up capital of tho mLWilir vi . M'V ™& « Percent , per annum for tlio Kfin from - ? a » o-tax , payable ou and after Monaay , tlio 2 nd August next . lvcsolved , — 'Jhat tlio following Directors , viz . JMnrk Huntor , lsaq ,, f % \& $£$ fi &* -- «* T ^ W ^ i &^^^ S ^ i ^ ^^ ' ^ ^ ^ ?„ , 7 ° l > r i " ~ 'rhllt tlle tlmnltM of this Mooting ; bo presented & . s s ± ^ , a ^ SK , sy ! i ? ^«^~& BiSrsMa'i ^ a ^ siis ' uio 8 imiioite * feiCUJ-... ¦ .... _ __ .. MARK IIUA'TMR . Clmlrniiin .
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COMMERCIAL BANK of LONDON . —The \ J Directors HEREBY GIVE NOTICE , that a DIVIDEND on the paid-up capital of the Company , at the rate of 6 per cent , per annum , for tho half-year ending 30 th June , 1858 . free from income-tax , will be PAYABLE at the Banking-house , in Lotlibury , on and after MONDAY , the 2 nd of August next . By order of the Boards Dated 20 th July , 185 S . A . R . CUTBILL . Manager .
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T HE CONSERVATIVE LAND SOCIETY : enrolled under 6 th and 7 th Wm . IV . cap . 32 , as the Conservative Benefit Building Society . Established September 7 , 1852 , as a most eligible mode of investing capital and savings , and for the purpose of aiding members of all classes to obtain , cheaply and speedily , the freehold franchise in counties . TRUSTEES . Phe Lord Vis . Ranelagh . I Rt . Hon . R . A . Chr . N . Ha-The Hon . Colonel Lowther , I nrilton . M . P . | J . C . Cobbold , Esq ., M . P . 3 XECUTIVB COMMITTEE . Chairman—The Lord Viscount RANELAGfl . Vice-Chairman—Colonel BROWNLOW KNOX , M . P . Adams , B . H ., Esq . ; Palk , Lawrence , Esq ., M . P . Bcctive , Earl of , M . P . ' Pownall . Henry , Esq .. Blakemore . T . " \ V . Booker , . Steven , Robert , Esq . Esq ., M . P . 1 Talbot , the Hon . and Rev . Bourkc , Hon . Robert . r W . C . Cobbold , J . C , Esq ., M . P . I Worthington , Rev . J . W ., Dunconabe , Hon . W . E . I D . D . Holmes , T . Knox , Esq . Winstanley , Newnbam W ., [ ngestre , Viscount , M . P . j Esq . Meyrick , Lt .-Col . Augustus . ' PATRO 5 TS AMD GENERAIi COMMITTEE ( Composed of Noblemen , Members of Parliament , and other gentlemen ) are upwards of eighty in number . Bankers-City , Messrs . Dimsdale , Drewett , Fowlers , and Barnard ; West-end , Messrs . Herrics , Farquhar , and Co . 1 Standing Counsel-Richard Blalins , Esq .. Q . C ., M . P . Conveyancing Counsel—William . David Lewis , Esq ., and John Fhli Powimll , Esq . Solicitors—Messrs . Harrison and Lewis , 14 , New Boswellcourt , Lincoln ' s Inn . Surveyor—George Morgan , Esq ., Architect . Accountant—Perse Stace , Esq . Secretavy—Charles Lewis Gruneisen , Esq , A . Completed share , which is at once entered on the order of rights , costs 521 . 5 s . 6 d . Interest on completed shares , 5 per cent ., payable half-yearly , one month after Lady-day and Michaelmas , as also on any payments in advance of a year ' s subscription , and upwards . No partnership liability . Tho taking of land is optional . Members may withdraw their subscriptions at ten days * notice . No restriction on the number of shares held by one member on tho amount of his investment Subscriution , 8 s . per month ; entrance fee , 2 s . Od . ; pass book , Is . ; quarterage for expenses , Is . every thrco months ; flrst payment on a share , 12 s . Gd . ; a year's subscription nud fees on a share , 51 . 8 s . Cd . No duos on unadvanced shnr « s . Prospectuses , plans of estates , annual and quarterly reports , circulars for building , advances and shares , to bo had . at tho olllccs , and forwarded free of charge to any part of the world . Central offices , 83 , Norfolk-street , Strand , London , W . C . O / Ilce hours from 10 to 5 , except ou Saturdays , and then from 10 to 2 o ' clock .
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THE ROYAL EXCHANGE ASSURANCE . I- Incorporated A . r > . 1720 , by Charter of King Geoigo the First , and « onllrine < l by Special Acts of Parliament . Chief Olllcc , Itoyal Exchange , London ; Branch , 29 , Pall-mall . 1 ' ihe , Life , and Maiunb Assurances may bo effected witli this Corporation 011 advantageous tonns . LiIV ) AsHiirjinties are granted with , or without , participation in I ' rolits ; in tho latter case' at reduced rates of Premium . Any sum not exceeding 15 , 000 / . may bo assured on tho same Life . Tho ltovorsi onary Bonus on British Policies has averagod 43 per cent , upon the Premiums paid , or very nearly 2 por cent , per nnuuiri upon the sum assured . Tho future divisions of Profit will take place every Fivo Years . Tho Expenses of Management , being divided botweon tliw diflViront branches , arc spread over a largor amount of business than that transacted by any other ojjlcc . Tho churfjo upon encli Polioy is thereby so much reduced as to account lor U 10 magnitude : of tho Bonus which has been declared , ami to au ' uril a probability that a similar ruto will bo maintained at future- tliviuioiiM . Tliis Corporation affords to tho Assured a liberal participation in IMolitw , witli exemption under Koyal Charter from tins 1 inl > llititsM of pnrtntTciiiip ;—n ruto of JSonus vqual to the averuMi ! rcturitN of Muuitu Societies , with tho nuavantco , not nU ' ordcd liy thi'Ui , of a lnrgo iuvohLcd Capital-StO ( 'k ;— ill" iiuvaiitnKi'N of inuiilorn pniotieo , with tho hocuril C' <> f mi Olllun w 1 » om' roMiiin-cs havo V ) iion tested by tl » u I'M ' orioi' ^ enf lii'sirly : > I'mlury iukI n Half . ' ' JOHN A . 11 Uill . \ . M , Actvmryajul Secretary .
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THE PEOPLE'S PROVIDENT ASSUKAiNUK SOCIJflT-X , FOR LIFE ASSURANCE , ANNUITIES , AND THE GUARANTEE OP FIDELITY IN SITUATIONS OF TRUSTChief Office , 2 , Waterloo-place , Pall-Mall , Xondon , S . W . ; "With Agencies in all the Principal Towns throughout the Kingdom . PRESIDENT . The Right Hon . Thomas Milner Gibson , M . P ., Wilton Crescent . TKTTSTEES . George Alexander Hamilton . Esq ., M . P . Joshua Proctor Brown Westhead , Esq ., M . P . James Heywood , Esq ., F . R . S . Eichard Spooner , Esq ., M . P . BOAED OP DIBBCTOBS . George Alexander Hamilton , Esq ., M . P . for Dublin "University , Chairman . John Cheetham , Esq ., M . P . for South Lancashire . James Davidson , Esq ., Angel-court , Throgtnorton-sfcreet . John Field , Esq ., "Warnford Court , and Dornden , Tunbridge Wells . Charles Forster , Esq ., M . P . for Walsall . Hichard Francis George , Esq ., Bath . Thomas G . Hay ward , Esq ., Minories and Highbury . J . Hedgins , Esq ^ , Thayer-streei , Manchester-square . Cbas . Hindley , Bsq ' ., M . P . for Ashton-under-Lyne . T . Y . McChristie , Esq ., Revising Barrister for the City of London . ¦ James Edward McConnell , Esq ., "Wolverton . John Moss , Esq ., Reform Club , and Derby . Charles William Reynolds , Esq ., 2 , Eaton-place , Pimlico . Hichard Spooner , Esq ., M . P . for North "Warwickshire . H . Wickbam Wickham , Esq ., M . P . for Bradford . Thomas AVinkworth , Esq ., Gresham Club , and Canonbury . The President , Trustee ? , and Directors- are all Shareholders in the Society . 1 MANAGER AND BBCBET-iBY . — "WILLIAM CLELAND . - The Peopi ^ b's Providbmt ABstniAircE SccxETy fcrausacta Guarantee business upon very favourable , terms ; and , if combined -with a proposal for Life Insurance , still greater advantages are given to the assured . ' The Premiums of this Society are applicable to all ordinary classes of risk , and range from 10 s . per cent , and upwards . Cl'he rate in each particular case is dependent upon , the nature of the duties , the system of accounts , and tuo extent of responsibility or trust reposed . The Guarantee Policies of this Society are accepted by , the leading London and Provincial Joint-Stock and Private Banks , tho principal Railway Companies , Life and Pice Oflices , Public Companies , Institutions , and Commercial Firms throughout the kingdom ' . Immediate Annuities , payable during tho whole of life , may bo purchased , oh the following scale : — Annuities granted at the undermentioned ages for every . 100 J . of Purchase Money . Ages . 60 60 70 Annuity ..... £ 8 Ss . 7 d . £ 10 Us . 7 d . jC 1 S _ 4 s . Ud . List of Shareholders , Prospectuses , and Agoncy applioations rarvy bo obtained on application .
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TMPERIAL LIFE INSURANCE COMPANY X 1 , OLD BROAD STREET , LONDON . Instituted 1820 . DIBEOTOBB . MARTIN TUCKER SMITH , Esq ., M . P ., Chairman . GEORGE WILLIAM COTTAM , Esq ., Deputy-Chairman . Thomas G corgo Barclay , Esq . George Hitbert , Esq . James C . 0 . Boll , Esq . Satnuol Hilibert , Eaa . James Brand , Esq . Daniel Mildred , Esq ? Charles . Cave , Esq . ThomasJNowmantHunt , Esq . George Henry Cutler , Esq . Frederick Pattison , Esq . Henry DavidBon , Esq . William R > . Robinson , Esa . George Field , Esq . Newman Smith , Esq . SECURITY , —Tho existing liabilities of tho Company do not excoed 3 , 000 , 000 ^ . Tho Investments arc nearly 1 , 000 , 0002 .. in addition to upwards of 60 O . 0 O 0 J . for which tho shareholders arc responsible , and tho income is about 120 , 000 ? . per annum . PROFITS . —Foun-FiifTirs , or Eighty per cent , of the Prollts , nre assigned to Policies every tilth year . Tho next appropriation will bo rnndo in 18 ( 51 , and persons who now effect insuraucus will participate ratably . BONUS . —Tho additions to Policies have lieon from 1 / . 10 s . to 08 / . l < Ja . percent , on tlio original sums insured . CLAIMS . —Upwards of 1 , 'iCD . OOO / . 3 ins beon paid to claimants under policies . Proposals for insurances may bo nimlo nt thochioXpfllce , an nbovo ; at tho branch oUlw , 115 , l ' nll MiilL ^ m ifi ^ i n < VF ^ to any of tho nconts throuuhout tlm kitiffdour \^ y . — - ^ S \ s . w M ^ 0 M p pj ? # c , vr ra < ^& Mm w ^ ^ 4 ^ ig # H iitiy ^ r ^ if - ^ j-ru " ^^
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Citation
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Leader (1850-1860), July 24, 1858, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse2.kdl.kcl.ac.uk/periodicals/l/issues/cld_24071858/page/1/
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