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1*2 T HE LEAD Em [No. £59, Saturday ,
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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1*2 T He Lead Em [No. £59, Saturday ,
1 * 2 T HE LEAD Em [ No . £ 59 , Saturday ,
Ad02201
LONDON AND COUNTY JOBPfcSTOCK BANKING COMPANY . HEAD OFFICE , 21 , LOMBARD-STREET . DIBBCTOES . Philip Patton Blyili , Esq . Wm . Champion Jones , Usq . J . Wm . Burmester , Esq . James Laming , Esq . William Cory , Esq . John Henry Lance , Esq . James Andrew Durham , Esq . William Lee , Esq ., M . P . Jos . C Ewart , Esq ., M . P . William Nicol , Esq . Aubrey Alex . Hoghton , Esq . ' Richard Springett , Esq . General Manager— "WSlliam McKewan , Esq-At the ANNUAL . MEETING of PROPRIETORS . held on Thursday , February 5 , 1857 , at the London Tavern , Bishopsgate-street , the following report for the year ending the Slst-December , 1856 , was read by the Secretary . WILLIAM NICOL , Esq . ., in the Chair . REPORT . This being the time prescribed by the Deed of Settlement for the Annual Meeting of the Company , your Directors proceed accordingly to lay before the Proprietors a general statement of tho affairs of the Bank for the half-year ending the 31 st of December last . It will be shown by the Balance Sbeet , signed by the Auditors , and certified by Mr . Coleman , Public Accountant , that the gross Profit of the Bank for the last half-year , including balances amounting to 20 , 9992 . 9 s . 2 d . brought forward irom the last Account , and after making provision for bad and . doubtful debts , amounts to 119 , 257 ? . 3 s . 4 d ., leaving , after deductions of all Expenses , Interest , and Rebate , a net Profit of S 8 . 081 Z . 9 s . 6 d . . From this sum . your Directors recommend that a Divitdend be now declared of 6 per cent , for the half-year , free of Income-tax , which , with 5 per cent , previously paid for the nix months ending -the 80 th . June last , "will be 11 per cent , for the year 1856 . Tour Directors likewise recommend that an addition of 5001-be now made to the "Trovident Fund" of tho Bank , for the year 1856 , being th « same in amount as the sum granted with thte object for tho previous year . Should these recommendations be adopted , there will remain a Balance of T 795 J . 14 s . 3 d . to he carried to Profit and ioss New Account . As suggested at the meeting of the Proprietors in August last , your Directors further recommend that the limitation placed on the Reserve Fund at the last Annual Meeting be Temoved . The Directors ) retiring toy rotation are—John "William Burmester , Esq ., Richard Springett , Esq ., and William Champion Jones , Esq ., who respectively offer themselves for re-election . , BALANCE SHEET OF THE LONDON AND COUNTY BAN & IW COMPANT , 31 BT DECEMBER , 1856 . Dr . To capital paid Tip £ 498 , 032 20 0 Reserved fund . > . 100 , 000 0 0 Customers' balances , & c . 3 , 543 , 826 , 6 4 Troflt and loss balance brought from last account £ 10 , 819 16 7 Do . rebate , & c , ditto 10 , 179 12 7 Gross profit for the halfyear after making provision for bad and doubtfuldebts .. 98 , 267 14 2 119 , 237 3 4 £ 4 , 261 , 113 19 8 Cr . By cash on hand at head office , and branches £ 526 , 765 19 Cash placed at call and at short notico 546 , 059 1 6 0 £ 1 , 072 , 824 17 9 Investments , viz .: — Government and guaranteed stocks 237 , 686 15 6 Other stocks and securities 173 , 700 2 8 411 , 366 18 2 Discounted bills , notes , and temporary advances to customers in town and country 2 , 366 , 034 16 4 . Advances to customers on special securities 288 , 864 7 0 2 , 654 , 899 3 4 Freehold premises in Lombard-street and Nicholas-lane , freehold and leasehold property at the branches , with fixtureaand fittings 80 , 614 14 10 Interest paid to customers 29 , 892 19 7 Salaries and all other expenses at head office and branches ..,., 41 , 615 G 0 iM ., 261 , 113 19 8 Dr . Pbofit and Loss Account . To interest paid to customers £ 29 , 892 19 7 Expenses , as above 41 , 615 0 0 Rebate on bills not duo , & c , carried to profit and loss now account 9 , 607 8 3 Half-year ' s dividend , a . t 12 per cent , per annum ....... 29 , 785 15 3 "Provident Tund 500 0 0 Kalanoo carried to profit and loss new account 7 ^ 95 3 ^ £ 119 , 257 3 4 By balance brought forward from last account . ^ in qin -in rr Rebato . fcc . ditto 1017 a 12 1 Gross profit for tho half-ycaV 7 after making provision for bad and doubtful dobts 98 , 257 H 2 &\ VifiNl 3 4 By profit avid loss now account , balance brought down £ 7795 14 , < i By ditto , ditto , rebate , & o ., brought down ... 9 , 007 8 8 * ru £%££ Es \? £ Z £ & r ™ ™» b" ™<* ° . « d I *™ ( Signed ) HENRY OVB 11 TON , - > JOHN WRIGHT , [ Auditors . FUEDKRlCK © AfeKELI , . ) J . B . COLEMAN , Publio Accountant . London and County Bank , January 28 , I 860 .
Ad02202
LCMSTCKMST ' and COUINTY JOINT-STOCK BANKING COMPANT . Notice is hereby given , that a DIVIDEND of 6 per cent , on the capital stock of the Company , for the half-year ending the 81 st December , 1856 , will be PAID to the Proprietors either at the parent establishment , 21 , Lombard-street , or at any of the Company ' s branch banks , on and after Monday , tlie 16 th February instant . By order , W . M'KEWAN . 21 , Lombard-street , February 5 , 1857 .
Ad02203
SO UTH AUSTRALIAN BANKING COMPANY . Incorporated by Royal Charter , 1847 . The Court of Directors GRANT LETTERS of CREDIT and BILLS upon the Company ' s Banks in South Australia at par . Approved drafts negotiated or sent for collection . Business with all the Australian Colonies conducted through the Bank ' s Agents . Apply at the Company ' s Offices , 54 , Old Broad-street , London . WILLIAM PURDY , Manager . London , 1 st February , 1857 .
Ad02204
THE PEOPLE'S PROVIDENT ASSURANCE SOCIETY . For the Assurance of Lives , and the Guarantee of Fidelity in Situations of Trust . Chief Office : 2 , Waterloo-place , Pall-Mall , London . Capital , Half a Million Sterling . The existing Revenue exceeds Fifty Thousand Pounds per Annum . TJIESIDENTS . Tho XtSght Hon . Thomas Miluer Gibson , M . P . for Manchester . George Trederick Muntz , Esq ., M . P . for Birmingham . BOAST ) OB OIKECXOES . ( All of whom are Shareholders . ) CTArRMAN . George Alexander Hamilton , Esq ., M . P . for Dublin University . BEPtrTT-CHATKMAW . Lieut .-Col . J . W . Reynolds , 2 , Clifton-place , Susscx-squaro . Thomas Barnes , Esq ., M . P . for Bolton . Josiah Bates , Esq ., Thrognaorton-streei :, and Tollingtonpark . John Cheetham , Esq ., M . P . for South Lancashire . Frederick Chinnock , Esq ., 8 , Mansfield-street , Cavendishsquare . James Davidson , Esq ., 2 , Walbrook . John Field , Esq ., "Warnford Court , and Dorndon , Tunbridge Wells . Charles Foster , Esq ., M . P . for Wallsall . Richard Francis George , Esq .. Bath . Thos . O . Hayward , Esq ., Minories and Highbury . J . Hedging , Esq ., Thayer-streofc . Manchesfcer-squaro . Chas . Hindley , Esq ., M . P . for Ashton-under-Lyne . T . Y . Bt'Christie , Esq ., Great James-street . James Edward M'Council , Esq ., Wolverton . John Moss , Esq ., Reform Club , Derby . Gcorpe Frederick Muntz , Esq ., M . P . for Birmingham . Charles William Reynolds , Esq ., 0 , Oxford-square , Hydepnrlc . Richard Spoonor , Esq ., M . P . for North Warwickshire . H . Wi < skham Wickham , Esq ., M . P . for Bradford . Thomas Winkworth . Esq ., Grcsham Club , and Canonbury . MANAGER AND SECRETAB . Y . William Clcland , Esq . This Company Iiaving : a revenue from Premiums alone of Fifty Thousand Pounds per Annum , is in a position to transact every description of Lifo Assuranco on as favourablo t « rms as any other Company of equal standing . Tho Premiums forGuarantco are applicable to nil ordinary classes of Risk , a . nd rango from 10 s . per cent , and upwards . Tho rate in each particular case is depend out upon tlio natur * of the duties , tho syatom of accounts , and tho extent of responsibility or trust reposed . For Olorka engaged in Banking Establishments in Great Britain , tho terms are peculiarly ad van tngeoua , —viz ., commencing at 10 s . per cent , and diminishing Ouo Shilling per cent , annually , until tho rate is roducod to Seven Sniilings per cent ., or equal to a reduction of thirty per cent , after three annual payments . The rato of premium for tho Fidelity Gunrantoo of Managers and Agents of Uranch Banks in Grout Britain , whom the amount , exceedo 1000 / ., or tor Hank Managers and Clerks out of Great Britain , will bo determined by special agreement . Th o Guarantee Policies of this Society are accepted by tho loading London , and Provincial Joint-Stock and Privnto Bnnka ; tho principal Railway Companion , Lifo and Flro OHlc « s , Publio Companion , Institutions , and Commorciul Firms throughout tins kingdom . Applications for Agencies to bo addressed to tho Manager . i i [
Ad02205
PEUCAU LIFE DTSTraAJTCE COMPAQ ESTABLISHED IN 1787 , " * 70 , Xombard-sfcreet , City , and 57 , Chariag ^ ro 4 wes tminater . DIRECTORS . Hobert Gurney Barclay , Esq . I Kirkman D Rwir ^ t , William Cotton , D . C . L . fF . Rj . ThomaSHodgsffp ^ ' John Davis , Esq . Henrv Lancelot n'Ji \ ^ WilliamWaltc-r Fuller , Esq . 3 SS ' ^ Jas . A . Gordon , M . D ., F . R . S . Matthew -WbiLSfesn "Henry Grace , Esq . M . Wyvill , Jan ., ggj \ # NOTICE . ¦ " ' In order to remove any apprehension that might be Pn ¦ tertamed as to the - perfect Security of the PoiiciM mt ! t » by tho PELICAtf LIFE OFFICE , the Director ? W * omitted ever y Clause that would render them void [ £ Jjtl * of any error in the Statements made by the Assured hrtnJZ or at the time of effecting an Insurance . asaure « before Moderat e Rates of Premium with Participation iu Profits Low Rates without Proats . - ^ rours . LOANS in connoxLon with Life Assurance on approved Socmitv For Prospectuses and Forms of Proposal apply atf Hi * Offices as above , or to any of the Company ' s Asenti ROBERT TUciER , I " ' ka ^ .
Ad02206
SPECIAL NOTICE . To secure the advantage ^ this year ' s entry , proposals must be lodged at the head-offico , or at any of the Societv ' e Agencies , on or before the 1 st March . J Policies effected on or before 1 st Maroh , 1857 , will receive six years ' additions at the Division of Profits at 1 st March npHE SCOTTISH EQUITABLE LIFE ASJL SURANCE SOCIETY . Instituted 1831 . At the Division of Surplus at 1 st March , 1856 , a policy for 1000 J ., effected at 1 st March , 1832 , was increased to 1571 ? 18 s . 10 d ., being at the rate of Two and a Quarter percent ' per annum on the Sum Assured . This addition may be converted intD a present payment , or applied in reduction of the future Premiums . Profits are divided Trionnially , and belong wholly to tho Assured . Accumulated Funds £ 1 , 000 , 000 Annual Revenue . 169 , 400 Existing Assurances 4 , 7 <& , 919 Copies of the Report by the Directors on the . Division of Surplus in 1856 , and all information , may be had on application at the Head Office , or Agencies . ROBERT CHRISTIE , Manager . WM-FINLAY , Secretary . Head Office—26 , ST . ANDREW-SQUARE , EDINBURGH . Office iif London—26 , POUIiTPJY . Ta . c . AECHD . T . RliTCHlE , Agent .
Ad02207
IMPERIAL LIFE INSURANCE COMPA . NY , 1 , OLD BROAD STREET , LONDON . Instituted 1820 . T . GfEOROB JBAKCLAY , Esq ., Chairman . MARTIN" T . SMITH , Esq ., M . P ., Deputy-Chninnan . One-Third of the Premium on Insurances of 5 O 0 Z . and up wards , for the whole term of life , may remain us a debt upon tho Policy , to be paid off at convenience ; or tho Directors will lond sums of 50 ? . and upwards , on the security of Policies effected with this Company for the whole term of life , when they have acquired an adequate value . Four-Fifths , or 80 per cent , of the Profits ar « assigned to Policies every fifth year , and may be applied to increase tho sum insured , to an immediate payment in cash , or to the reduction and ultimate extinction of future l ' rcmiuras . At the fifth appropriation of profits for the five years terminating January 31 , 1856 , a reversionary bonus was declared of \ l . 10 s . per cent , on the sums insured , arid Hibsisting additions for every premium paid during the live years . This bonus , on policies of the longest duration , exceeds 21 . 5 & per cent , per annum on tho original Bunas insured , and increases a policy of 10 OQ £ . to 1638 ? - Proposals for insurances may bo nmdo at the chief office , as above ; at tho branch office , 16 , Pall Mall , London ; or to any of the agents throughout the kingdom . BONUS TABLE , Showing tho additions made to Policies of 1000 ? . each . T »« f « n . r Amount of Addition matlc c ; Pualiln IiwnmnVp Additions to as on afSr jJcuth insurance , j ^ ( 1851 Feb _ ^ lg 5 C altu lnnm . ^ £ s . d . S , s . d . . C *• d . 1820 523 10 0 114 5 0 MS 1 <> 1825 » 82 14 0 103 14 0 14 * ! 8 0 1830 .. 24112 0 93 2 0 1334 14 0 18 ; 35 185 3 0 88 17 0 V-27-t » t « 1810 128 15 0 84 13 0 l " - ! li '> « ( > 1845 05 15 0 ft ) 18 0 1115 13 0 1850 10 0 0 75 15 0 l «« r » ™ <» 1855 — 15 0 0 jJli-LJLi And for in tor modi iifco yoara in proportion . Tlio next appropriation will be made in 18 * 51 . Insurances , without participation in Profits , inny Do effected at reduced raLca . SAMUEL INGALL . Aclu . iry .
Ad02208
. rpi-IE CATV 1 BRTAN and UNIVEES jVL LIFE -L and FIRE INSURANCE COMPANT . Capital 100 , 000 £ . Establislied 1840 . Ofllco , 27 , Groshain-Btreol ; . Agencies in tho pri ncipal towns of England and Wales . This ofTlco ofTors tho benefit of aHSiiranco in all > ls branclios , and iB highly oliBiblo for ovory description oi mo aBHiirnnco . . . A now and most important foaluro , ontirely oriKiiiMnih with thin Company , vix ., Marriage Dowries . Life Aa . Hiu'iiucc , and J >« forred AiHiuitiosincludcd . in one policy , i llatoH of prorninm moderate , i Annuities Krantod . Family ondowmonts . i Loansou i ) cra # niil and oilier securities . , [ FonriH of proposal and ovory information may bool ) tiuntu on application . lty ordtsr , ALFRED MlSLUADO . MaiinBCi ,
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Citation
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Leader (1850-1860), Feb. 7, 1857, page 22, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/cld_07021857/page/22/
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