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-V TINETEENTH REPORT of the DIRECX> TORS of the COMMERCIAL BANX of LONDON, for the HALF-YEAR, ending 30th June1858.—At an AN-1TCJAL GENERAL MEETING of the Shareholdersheld at ' the Banking-house, Lothbury, on Tuesday, the 20th July, 1868. .- . ¦ ¦ ¦ . ¦• . ; ¦ ¦ ¦ ; . ¦
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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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Untitled Ad
Directors . MARK HUNTER , Esq ., Chairman . Idward 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 Winfcworth , Esq . Present , Fifty-four Proprietors . Matuobr . —Mr . Alfred Richard Cutbill . Solicitors . —Messrs . Tatham , Upton , Upton , and Johnson ; and Messrs . Norns and Son . The Manager read the advertisement calling the meeting , and afterwards the following REPORT . The balance-sheet for the half-year ending 30 th June last , vhich the Directors have now to place before . the Shareh olders , shows * net profit ( including 23042 . ls . 8 d . undivided en the 81 st December , 1857 ) , of 14 , 019 ? . 18 s . after deducting all expenses and making provision for bad and doubtful debts The Directors have therefore determined to declare a cividend at the rate of 6 £ . per . cent , per annum , payable on and after the 2 nd of August next . The sum of 36271 . 19 s . 9 d . is required for rebate on current tills not yet due , and there will then remain 1391 * . 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 . Ma r k Hu nter , Esq ., Sir Joseph Pax ton , M . P ., and William Cooper , Esq ., aretire from offiae , but being eligible , offer themselves as TOndJdaftea-for re-fdeetion . COM M ERCIAL B AN K OF LOTTDON , Balawck-shebt to 30 TH June , 1858 . Dn . Capital subscribed jei . , 000 Capital paid-up , ZOl . each on 15 , 000 shares £ 300 , 000 0 0 Guarantee fund 75 , 000 0 o Balances due to the customers of the Bank 935 , 081 2 2 Balance of undivided profit , 31 st Dece m be r , 1857 J 62 . 304 1 8 Net profit for the half-year ending 30 th June . 1858 , after paying income-tax and deducting -all charges and expenses , and making provision for bad and . doubtful debts 11 , 715 0 4 Balance carried down 14 , 019 8 0 ' jei . S 24 . 100 10 2 Ob . ——Dash in the Bank and at call , at the Bank of England , Exchequer Sills , India Bonds , . andConsols £ 250 , 913 10 9 Bills discounted , loans on stock and otuor s ecurities 1 , 064 , 15119 6 Strong-room , fitti n gs , and furniture ( promises hold on lease ) 3 , 000 0 0 JBl . , 100 10 2 Dr . ¦ ¦ ¦ ¦ , ... Dividend on tho rate of 61 . per cent , por annum for the half-year ending 30 th Juno , 1858 £ 9 , 000 0 Rebate of interest on current bills carried to profit and Iobs new account SC 27 19 ft Balance carried to next half-yoar , ^ 301 8 3 fo . * 14 , 010 8 0 Ba » brought dowtt £ 14 , 010 8 0 T f BP ^? Ba knco-8 heet having boon rea 3 . it was w « oS olved » J-That tho Report and Balance-sheet just rend prietore printed » and circulated amongst tho PrornPtor . , ^?" ^ ' MwkH ™ 1 * 011 ' *•«•» O" ** e P « rt of tho Di-Comna . ' w ^ i" ^ * i vlde * " * ° n the paid-up capital of the n ^ t Tr , ?^ o « V "& , ° P ° « « o » t . per annum for the Kdnvffi i" ° f " l income-tax , payablo on and after monuay , the 2 nd August next . Rosorved .-That the following Directors , viz . Mark Hunter , Esq ., gi Josoph Paxton , M . P ., and .,, , William Coopor , lisa ., hi ' rn , ! ? f T ?« fflo ° Pursuance , of thq deed of sottlomont , >> o re-elected Directors of this Bank . to tlfn ni ( rhat N * 0 A 1 , " " »» Mooting bo prosojitod n «» -nlVaJi A lr "J ? 1 aiidPlrector's ior thulr attention to the uDaiw of 11 m lank during tho paut year . U 080 lved ,-Thnt tho best thanks or tho Shareholders bo Blvoii to the Manager , Mr . Cutbill . •*—~ fllC *— --- — ---. MARK HUNTER , Chairman .
Untitled Ad
COMMERCIAL BANK of LONDON . —The V _/ Directors HEREBY GIVE NOTICE , that a DIVIDEND on the paid-up capital of the Company , at the rate of 6 por cent , per annum , for the half-year ending 30 th June , 1858 , free from income-tax , will be PAYABLE at the Banking-house , in Lothbury , on and after MONDAY , the 2 nd of August next . By order of the Board . Dated 20 th July , 1858 . A . R . OUTSELL , 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 . T 3 trrSTEE 8 . The Lord Vis . Ranelagh . I Rt . Hon . R . A . Chr . N . Ha-The Hon . Colonel Lowtlier , I milton . M . P . I j . C . Cobbold , Esq ., M . P . BXECUT 1 \ B COMMITTEE . Chairman—The Lord Viscount RANULAG H . Vice-Chairman—Colonel BROWNLOW KNOX , M . P . Adams ; B . H ., Esq . . | Palk , Lawrence , Esq ., M . P . Bective , Earl of , M . P . i Powmall . Henry , Esq . Blakemore . T . W . Booker , i Steven , Robert , Esq . Esq ., M . P . Talbot , the Hon . and Bev . Bourkc , Hon . Robert . W . C . Cobbold , J . C , Esq ., M . P . Worthington , Rev . JV W ., Duncombe , Hon . W . E . D . D . Holmes , T . Knox , Esq . "Winstanley , Newnham . W ., IiiRestre , Viscount , M . P . Esq . Meyrick , Lt .-Col . Augustus . PATRONS AND QENEEAt COMMITTEE ( Composed of Noblemen , Members of Parliament , and other gentlemen ) are upwards of eighty , i n number . Bankers-City , Messrs . Dimsdalo , Drewett , l ? owlers , and Barnard ; west-end , Messrs . Herrics , Farquhar , and Co . Standing Counsel—Richard llalins , Esq ., Q . C . M . P . Conveyancing Counsel—William David Lewis , Esq ., and John Fish Pownall , Esq . Solicitors-Messes . Harrison and Lewis , 14 , New Boswellcou r t , Lincoln ' s Inn . Surveyor—George Morgan , Esq ., Architect . Accountant—Perse Stace , Esq . Secretary—Charles Lewis Gruncisen , Esq . A completed share , which is at once entered on the order of rights , costs 527 . 5 s . 6 & . Interest on completed siiares , 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 . The taking of land is optional . Members may withdraw their subscriptions at ten days'notice . No restriction on the number of . shares held by oho member on the amount of his investment Subscrip tion , 8 s . per month ; entrance fee , 2 s . 6 d . ; pass book , Is . ; quarterage for expenses , Is . every three months ; first payment on a share , 12 s . 6 d .: a year ' s subscription and fees on a share , 51 . 39 . 6 d . No fines on unadvanced shares . Prospectuses , plans of estates , annual and quarterly reports , circulars for building , advances and shares , to bo had at the offices , and forwarded free of charge to any part of tho world . Control offices , -33 , Norfolk-street , Strand , Loiiuon , W . C . Office hours from 10 to 5 , except on Saturdays , and then from 10 to 2 o'clock .
Untitled Ad
rpHE ROYAL EXCHANGE ASSURANCE . ¦* - Incorporated a . d . 1720 , by Charter of King Georgo the F rst . and confirmed hy Special Acts of Parliament , l / luof OJllco , Xtoyal Kxchango , London ; Branch , 29 , Pall-mall . Fire , Life , and Marine Assurances may bo effected with this Corporation on advantageous terms . Lifp AssurancoH are grn . ntcd with , or without , participation in Profits ; in tho latter case at reduced rates of Premium . Any sum not exceeding 15 . 000 J . may bo assured on tho samo Life . Tho Kovcrsionary Bonus on British Policies has averaged 48 per cont . upon tbo Premiums paid , or very nearly 2 por cent , por annum upon the sura assured . Tho future divisions of Profit will take placo every Five Years . Tho Expenses of Management , being dividod betwoon tho different brandies , ar « Hprcatl over a larger amount of business than that transacted hy any other ojflce . The charge upon cntih Policy in thereby so much reduced aa to account for tho magnitude , of tho liouua which has been declared , and to afl'ord a i > rol > abillty that a similar rato will be maintained at future divisions , This Corporation atl ' ordH to tho Assured illiberal participation iu ProfllM , with oxoniptioii under ltoval Charter from tho liabiliticw of piu-tnertuiip;— n rato of Bonus equal to t lio nvcrngM ruturiiNof IWutwiil Societies , with tho kuiiriinUio , not nil'ordod by them , ol' a Inrgu invested Capital-Stock ;—llio iidvautnguN ol' nmilorn practice , with tlio « o-( uuily of an OHIccj wIiomj ri'NouriT . s huvo boon tested by tho experiencu of ucnrly a ( Vnturv ami n Half . JOHN A . HJClllAM , Aotimrynnd Secretary .
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THE PEOPLE'S PROVIDENT ASSURANCE SOCIETY , FOR MFH ASSURANCE , ANNUITIES . AND THE GUARANTEE OF FIDELITY IN SITUATIONS OF TBUST . Chief Office , 2 , Waterloo-place , Pail-Mall , London , S . W . ; With Agencies in all the Principal Towns throughout ; the Kingdom . PBESIDETTTThe Right Hon . Thomas Milner Gibson , M . P ., Wilton Crescent . TETJSTEE 3 . George Alexander Hamilton , Esq ., M . P . Joshua . Proctor Brown Westhead , Esq ., M . P . James Heywood , Esq ., F . RS . Richard Spooner , Esq ., M . P . BOABD OP DIRECTORS . George Alexander Hamilton , Esq ., M . P . for Dublin University , Chairman . John Cheetham , Esq ., M . P . for South Lancashire . James Davidson , Esq ., Angel-court , Throgmorton-street . John Field , Esq ., Waruford Court , and Dornden , Tunbridge - . - Wells . ' ' : ¦ ¦' .- ' : ¦ . ¦ ¦• ¦ • • : ¦ ¦ . . . ¦ :. ¦ ¦ . ¦ . ,- ¦ . ¦ ¦ Charles Forster , Esq ., M . P . for Walsall . Richard Francis George , Esq ., Bath . Thomas G . Hay ward , Esq ., Minories and Highbury . J . Hedgins , Esq ^ , Thayer-street , Manchester-square . Chas . Hindley , Esq ., M . P . for Ashton-under-Lyne . T . Y . McChristie , Esq ., Revising Barrister for the City of London . J ames E d w ard M cConnell , Esq ., Wblverton . John Moss , Esq ., Reform Club , and Derby . Charles William Reynolds , Esq ., 2 , Eaton-place , Pimlico . Richard Spooner , Esq ., M . P . for North Warwickshire . H . Wickham Wickham , Esq ., M . P . for . Bradford . Thomas Winkworth , Esq ., Gresham Club , and Canonbury . . The President , Trustcef , and Directors are all Shareholders in the Society . MANAGER AND SECRETARY . —WILLIAM CLELAND . The Peotlb ' s Provident Assukancje Sociexit transacts 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 . The rate in each particular case is dependent upon the nature of the d u ties , the system of accounts , and the 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 , the principal Railway Companies , Lifo and Fire Offices , Public Companies , Institutions , and Commercial Firms throughout the kingdom . Immediate Annuities , payable during the whole of life , may be purchased on the following scale : — Annuities granted at the undermentioned ages for every 1002 . of Purchase Money . Ages . 90 CO 70 Annuity 18 5 s . 7 d . J 610 lls . 7 d . £ 15 4 s . lid . L ist of Sha r e hol ders , Proapectuses , and Agonoy applications may l ) o obtained ou application .
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IMPERIAL LIFE INSURANCE COMPANY l . OLD BEOAD STB . EET , LONDON . Instituted 1820 . tolRECTOBB . MARTIN TUCKER SMITH , flaq ., M . P ., Chairman . l GEORGE "WILLIAM COTTAM , Esq ., DeputyOhairaBn ; Thomas Goorgo Barclay , Esq . George Hibbort , Esq . James C . C . Boll , Esq . Samuel Hibbort , Esq . James Brand , Esq . Daniol Mildred , UsqT Charles Cavo , Esq . Thoma 8 lNewman : Hunt , Esq . Goorgo Howry Cutler , Esq . Frederick Pattison , EscL Honry Davidson , Esq . William It . Robinson , Esq . Georgo Field , Esq . Newman Smith , Esq . SECURITY , —The existing liabilities of tho Company do not exceed a , 000 , OOOJ . Tho Investments arc nearly 1 , 000 , 000 * .. in addition to upwards of 000 , 000 * . for which tho shareholders a r e r esp on sib l e , and tho iucomo Is about 120 , 000 / . por annum . PROFITS . —FouR-FiPTna , or Eighty por « onf .. of tho Profits , are assigned to Policies ovory fifth year . Tho next appropriation will bo mado in 1801 , and portions who now clleot insurances will participate rntably . BONUS . —Tho additions to Policies havo boon from 11 . 10 s . to ( M ) l . 10 s . por cent . 011 tlio original sums insured . CLAIMS . — -Upwards of l , i ; so , 000 / . lias been paid to cliiimanta under pollcicH . Proposals for insurances may bo iiiiido at tlu ^ c ^ iiof ^ fnoo , a « nbovo ; nt t-lics brnuch olllro , 1 ( 1 , I ' nll iM *}) Ki& } S&tk \ jfyr U } any of tho iifjoiilw tliroiigliout tlio kiugdoi ) n »^^ ^ 7 ^ O >' 5 kMSi I w c ^ -feSis ^ 4 M $ P * o inutli ) at tlu ^ cjriof ^ flloo , I ' nll iM « iMn ^ ij 3 Stu ^ rSo 5 k Mm % W ' ^ W ^ w
-V Tineteenth Report Of The Direcx≫ Tors Of The Commercial Banx Of London, For The Half-Year, Ending 30th June1858.—At An An-1tcjal General Meeting Of The Shareholdersheld At ' The Banking-House, Lothbury, On Tuesday, The 20th July, 1868. .- . ¦ ¦ ¦ . ¦• . ; ¦ ¦ ¦ ; . ¦
-V TINETEENTH REPORT of the DIRECX > TORS of the COMMERCIAL BANX of LONDON , for the HALF-YEAR , ending 30 th June , 1858 . —At an AN-1 TCJAL GENERAL MEETING of the Shareholders , held at ' the Banking-house , Lothbury , on Tuesday , the 20 th July , 1868 . . ¦ ¦ ¦ . .. . ¦ . ; ¦ . ¦ ¦ .. . ; . ¦
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( UmPHIPPPii ^ PW ^^^^^^^^^^^^^^^ ' "¦" ¦¦ "'¦' ¦ ¦ "¦ ¦ ¦ : " ' . ¦ ¦ " ¦ . * ¦ " , . ' •* ¦ ¦ . ¦ ¦ ¦ ¦ . ¦ . " . . ¦¦" ¦ ¦ ¦ '¦ . . •" ., ¦' ¦ - ¦ . ¦'¦ ¦ - ¦ . ' " ~ ¦ ¦ ¦ ' '¦ nt ' ffP / U Is 4 i ^ A / J / y ^^ JlTryxliA ^] , IIA ^/ c 4 ^ U ^ S Z " f ~ im ^^\ - A $ kt &'& e r . POLITICA AND LITERARY REVIEW , MERCANTILE JOURNAL , " ' . ¦ ¦ '¦ . ¦ ¦ ¦¦ ¦ ¦ ¦ ' AND ¦ : . . . . , ¦ ¦ ¦ . RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MINES , SfflPPIfffly fry
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VOL . IX . Kb . 435 . ] SATURDAY , JULY 24 , 1858 . Price { SSSSS !^ SSSS ' '
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iiiiido at tlu ^ c ^ iiof ^ fnoo , I ' nll iM *}) Ki& } S&tk \ jfyr U } kiugdoi ) n »^^ ^ 7 ^ O >' 5 kMSi I w W ' c ^ W -feSis ^ 4 M $ P * o inutli ) at tlu ^ cjriof ^ flloo , I ' nll iM « iMn ^ ij 3 Stu ^ rSo 5 k Mm % ^ ^ w
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Citation
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Leader (1850-1860), July 24, 1858, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2252/page/1/
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