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VOL. IX. No. 436.] SATURDAY, JULY 31, 18...
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FIFTH REPORT OF THE CITY BANK, LONDON.
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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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$ lsk < vd & i ! L ^ ytct ^ J- y £ ry ^ il ^ u ^> f / kMc ^ At- ^ , JS ^ Z- J 7 Z ^^ \ r . ;¦ ¦ ¦ ¦¦¦ ¦ o | p # r cy ^ Q ^ " ^ VV 'V ^ / V' -V' ? A POLITICAL AND LITERARY REVIEW , MERCANTILE JOURNAL , . ' . ¦ ' AND ' '¦ : " ' ' ¦ ¦ - RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MINES , SHIPPING , & c .
Vol. Ix. No. 436.] Saturday, July 31, 18...
VOL . IX . No . 436 . ] SATURDAY , JULY 31 , 1858 . Price W %% ™; : $ ™*~
Fifth Report Of The City Bank, London.
FIFTH REPORT OF THE CITY BANK , LONDON .
Ad00103
A T A GENE R AL M EETING OF THE SH A REHOLDERS , HELD AT THE LONDON TAVERN , On TTTESDAY , JULY 20 th , 1858 . The Right Honourable LORD MAYOR of LONDON , Sir ROBERT WALTER CARDEN " , M . P .. Chairman . PETER BELL , Esq ., Deputy Chairman . DIRECTORS . PETER BELL , Esq . JOHN HACKBLOCK , Esq . ROBERT LLOYD , Esq . %£ J £ r B £% F ? - CARI > E ^ M . P . JOHN JONES , Esq . WILLIAM MACNAUGHTAN , Esq . HENRY VIGURS EAST , Esq . ANDREW LAWRIEj Esq . JONATHAN THORP , Esq . WILLIAM GARDNER , Esq . JOHN LIDGETT , Esq . JOHN VANltfER , Es ^ . Th « Manaffor--A . J . WHITE , Esq . Solicitors—Messrs . PEARCE , PHILLIPS , WINCKWORTH , fie PEARCE . The blowing Report was presented : — — the Corporate Sear of the Bank , the Secretary read the JThe HalfrYcariy Accounts which the Directors have now Report and Accounts , and nj £ ? $ S & $ h u ° i Y b ^ eJhe Shareholders , show that , . It was Resolved unanimously , That the Report mm read after paying the whole of the Current Expenses of the Esta- be received and adopted . ¦ -,... - . blishment , providing for all Bad and Doubtful Debts , and Whereupon a . Dividend was declared , for the period allowing for Rebate on Bills discounted not yet due . there ending the ^ JOth June last , at and after the rate of U . uei remains , for distribution , the sum of 16 , 501 ? 10 s . 6 d ., which cent , per annum , and a Bonus of 15 s ! w share ! both frel K »™ decided upon appropriating as follows , viz .:- of Income Tax ; and the election by the Directors of Mr * Z 3 ? - JSr % r V * J ° U 8 Ual Dmde " « H Jlie 5 enr / Vigurs East and Mr . John Hickblock to seats at the rate of 5 f . per cent , per annum ; free of In- Board was confirmed . _« raieTax . ^ ........................... ...... JB 750 O 0 0 The following Directors having retired ( by rotation ) , were ToDo . of a . Bonus of 15 s . per share , also free of unanimously re-elected , viz . — ¦ ™ i « j »« w « " «< vi « i > n Income Tax 4600 00 w » A-wnupw Tiwi * ™ To the Transfer to the " Reserve Fund , " thereby \ K " -fiwvM ? A-w 4 |» £ SSs ' increasing that Fund to 30 , 0007 ....... ....... 200 © 0 0 Mr mwi v » nmp p BP > To the Credit of Profit and Loss " New Ac- „ ' . , . Mr . JOHN VANNEB . count , "the Balance ....... :.....-... 2591 10 6 ^ £ Y A ? " £ ly » . ¦ . ¦ "'¦ The Directors have to inform the Proprietors that the , Ahat the best thanks of the Proprietors are due , and are vacancies in the Direction , occasioned by tho decease of » lere l ) y tendered , to the Chairman and the Directors for their much esteemed colleagues , Mr , Samuel Grimsdell and th 2 } £ eminently ¦ successful services . Mr . William Hackblock , have been filled by tho election of ,, lha |; a cord I . 1 vote of thanks be given to Mr . White , the Mr . Henry "Vigurs East and Mr . John Hackblock , subject to Manajreiyfor his services , and for his invariable urbanity the confirmation of this Meeting- and poUtenosa to all with whom he transacts business . The gentlemen who retire from the Direction by rotation , -nr-il- » * nanks , this Meeting be presented to Mr . on this occasion , are Mr . Andrew Lawrie . Mr . Jonathan Wl i " ™ A . nmng and Mr . Owen Lewis for their able services Thorp , and Mr . John Vanner , who offer themselves for re- " ?? Auditors dunng'the past Half-year , and that these genelection . tloineu be re-elected as such Officers for the ensuing year . Tho Dividend and Bonus will be payable on and after ( Signed ) ROBERT "WALTER GARDEN , . Monday , the 26 th instant . Chairman . After the " llegister of Shareholders , " and " Register of Extracted from tho Minutes , Traosfer 8 "had boon authenticated , by impressing thereupon COOPER J . "WORTH , Secretary . THE CITY BANK , LONDo £ ~~ " ^ profit and loss account LIABILITIES AND ASSETS , 30 th June , 1858 . Of ^ hcCity Batik , for the Half-Year endiny JuneZQ , l & oS T ? gpital paid up . vi ,, m . perShare on C 0 O 0 * ¦ S ' * '" ^ O &^^^ tL ^ A ^ ft ^ i ? ^^^ :: :::::: ::: KS ! ! ^ S ^^ J ^^^ S ^ . ^^ 11 . 836 C 8 T < fio ^ Vf n i duo b / the Ballk OU Carront awd , nKa nro „ To Amount carried to Profit and Loss , New T ^ ofl f ^ ° Tn « V « VVi ;« * -RVi" - -1 . , 250 1 » 2 Account . " being Rebate on Bills discounted , 'ioiTont and Loss for the Balance of that not yet due 7 . 3341 16 6 o Account , -viz . — To Amount transferred to the Reserved Vund ' ^^¦ i ^ mifv * *? * f ° mard i > 4 oofl •« « i > addition to the 28 . 000 ^ already at thi from last Half- \ ear £ 4 , 228 5 0 Creditor that Account 2 , 000 0 0 8 ineeadded 27 , 641 8 2 To Dividend Account for the payment of a 31 , 709 13 8 Dividend at tho Rate of 6 ? . per centum per ., ¦ - „ „ ' annum upon 300 , 000 ? . amount of paid up iH , 612 , 02 O 0 10 Capital upon 6000 Shares 7 . R 0 O 0 0 ¦ d t » i . -nut , -n i . -r ¦ ,, t . i « , ^ s > " To Boini H of 158 . per Share on 6000 Shares ..-. 4 , 000 0 0 ? J «? , ohe , CL 11 or Bills and East India Bonds 2-22 . 1 B 1- 4 7 To undivided Profit transferred to Profit and 5 g"J ? discounted . Loans , & c 1 , 248 , 020 10 5 Loss New Account i 2 , 591 10 G By Building , Furniture , & o 2 U . 99 O 7 1 ___ . _ > By Cash in hand , at Bank of England , and at j ffSl 760 13 8 Call 116 . 84118 0 1 £ 1 , 612 , 020 6 10 By Balance brought down , viz , :-"" Surplus Profit Drought , forward from last Half-Year £ 4 , 228 6 6 Since added 27 , 6-11 8 3 _ 31 , 769 13 8 we havo oxaminod , and do approve , tho above Accounts . WM . ANNING , » Att . London , 13 th J uly , 1858 . OWE N LE WIS , S Aualtors - THE CITY BA ¥ K publl * generally ; and Interest allowed thereon at tho /^ i ^ . ^ n f txM i l / 7 ir j j . ' , _ _ current rate of the day , the Bank notifying any ohango in tamer of much-lane , Ihreadneedlestteet , London , the Rivto of Interest by Advertisement in the Times Newa-BalJSirrrTf ^ ^^ Charter ' 1866 # " % & AGENCY or COUNTRY and FOREIGN BANKS , subscribed Capital CO 0 . OO 0 * whether Joint-Stock or Private , is undertaken by the Bank . SeMirv « d % ind 3 ^ nnft / LETTERS of CREDIT , payable at any of the Chief Com-Oimiuwn im ; Z 30 000 ^ . morclal Towns and Cities < $ the World , are granted by the i «» tW ^ p ° yNTS are made up to tho 80 th of Juno Bank . ba £ n «? £ l ! n «« P 5 smbop . i a cao . ? CJir ; , nnJ *' the o ^ odlt CIRCULAR NOTES aro issued by tllo Ban k , addressed beorT ^ fi 1 o » « r " w ' t ? . tlrao durliiK tho half-year , havo to all , and payablo at any . of tho places on the Continent anrmm u ^ if ? - ^ Int VT csfc a , * , tho mfo of . , P ° ««**¦ Per whero tho Bank has an Agont . nr tbSowslw A on " 1 ° , f . llllm «™ ' » »< % bal » noeB . If DIVIDENDS , & o ., on Government and other Stocks , & Ulomri «» * Y , ? ? Bt Bt tl 10 rn . t 0 ° f \ l * r c ° » fc- P ° r annum AnnultioB . Pensions , & o ., aro received for customers of the M > W ? no inStJSV i Si U 2 * •»<»»« ' ' » balanoos : but ir under Bank ywithout chargo ( and ovory Uosorlptiou of Banking ^ POSLriVoo'AW .-Money is received from lh , "" Sonf S ^ K 1888 .
Ad00104
. ATLAS FIRE AND LIFE ASSURANCE OFFICE , 92 , CHEAPSIDE , LONDON . Established 1803 , And Empowered by Act of Parliament of the 54 th , George lit ., c 79 . Chairman . —J . Oliver Hanson , Esq . Deputy Chairman . —Wm . Geo . Prescott , Esq . Actuary . —Charles Ansell , Esq ., F . R . S . Solicitor . —Thomas Browning , Esq . LIFE DEPARTMENT . The Accumulated Premiums are over 1 , 600 , 0007 . And the Annual Income exceeds 184 , 0002 . Bonuses have been declared on Policies to an amount greater than the sum originally assured . Premiums have been extinguished , where the parties assured have applied the bonus iu reduction of the Aunua ' Premium . ) At the last valuation up to Christmas , 1854 , there existed a Surplus of 268 , 6912 ., which had accrued during tlie five I years ending at that r period—the whole of whioh Surplus belonged to the policy holders . . - I The next valuation will be made up to Christmas , 1859 . Policies oii the Participating Scale , in England or Ireland i respectively , which may be effected before that dat « . will , . if the parties bo then alive , participate in the surplus in i proportion to the time they may have been in force . The sum of 3 , 130 , 975 ? . has been paid during the existence i of the Office for claims under Life Policies , of which amount a . very considerable part was for Bonuses . Persons assuring in Great Britain have the option Of ' Participating Rates of Premium , or of l ^ on-Participating Bates . The Directors beg to announce that the rates of Premium have been , recently revised and readjusted in accordance with a long experience , and that The New Scale will be found very advantageous to persons desiring to commence assuring early in life . " The Non-Partieipating Scale is particularly adapted to parties wishing to assure a fixed sum only , at a fixed rate of Premium , and on low terms . . Premiums maybe paid- Annually , Half-yearly , at by a Uimted number of Annual Payments . The last-named mode of Assurance originated with this Office in 1816 . FIRE DEPARTMENT . Renewals should bo paid within fifteen days after tlie respective Quarter-days when they become due . The Company undertakes the assurance of Property in the Manufacturing , Agricultural , and other districts , on favourable terms . Risks of extraordinary hazard on special agreement , upon survey . An allowance for the Loss of Rent of Buildings rendered untenantable by Fire is one of tho advantages offered by the , Company . Tables of Rates , forms of proposal , and any information needful to effeot Life or Fire Assurances , may be obtained on application to the Office , No . i ) i , Cheapsido , London , or to any of tlie Company ' s AKonts . HENRY DESBOROUGH , Secretary . London , July , 1858 .
Ad00105
ST . GEORGE ASSURANCE COMPANY . 118 , Pall-Mall , London , S . W . Capital 100 , 000 ; ., in Shares of 61 . each . Chairman . —Henry Pownall , Esq . Deputy Chairman . —Henry Hainea , Esq . Tho Leading Features of this Olllco aro—Every description of Life Assurance on the most favourable terms . Tho Assurance of Defective Titles , thereby restoring tho property to its full valuo . Endowments for Husbands , Wives , or Nominees . Endowments for Children on attaining a certain age . Annuities of every description granted on terms peculiarly favourable . Notices of Assignments or Policies Registered . Medical Referees paid by the Company . Ago of the Lire Assured admitted on all Poliolos , on reasonable proof being given . Stamp Duties on Life Policies paid by tho Company . Loans on Real or Personal Security , repayable by monthly or quarterly instalments , from one to live years . For further particulars , Forms of Proposal and Prospec-. tusos , apply to F . H . GII / BART , Secretary .
Ad00106
SOUTH AUSTRALIAN BANKING COMPANY . * Incorporated by RoyftlOhftvtor , 1847 . LETTERS of ORMD 1 T and iiiLLS aro granted upon I the Banks at Adelaide , Port Adolaido , and Gawlor . Api proved drafts on South Australia negotiated and sent for collection . Every description of Banking bnsinoBS is conducted direct with Viotoria and Now South Vales , 1 and aluo with tho other Australian Colonies , through tho r Company's Agents . Apply at 84 , Old Broad-stroot , London . E . O . WILLIAM PURDY , Ma . n « gor .
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Citation
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Leader (1850-1860), July 31, 1858, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/ldr_31071858/page/1/
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