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TWENTIETH REPORT ¦ • ' ' . • ¦ OF THE ¦ • ' ¦ ¦ . ¦ DIRECTORS OF. THE COMMERCIAL BANK OF LONDON
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Untitled Article
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Untitled Article
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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
For the Half-year ending 31 st December , 1858 . At a HALF-TBARLT GENERAL MEETING of the Shareholders , held at the Barikingrhouse , Lothbury , on Tuesday , the 18 th January , 1859—DIKECTOB 3 . MARK HUNTER , Esq .. Chairman . Edward Stilliiigfleet Cayley , Sir Joseph Paxtpn . M . P . Esq ., M . P . Robert Stacey Price , Esq . John Alfred Chowne . Esq . John Savage ^ . . George Clive , Esq ., M . P . Herbert Taylor . Esq .. Jonathan Hopkinson , Esq . Joseph Thompson , Esq . William Jackson , Esq ., M . P . Thomas Winkworth , tsq . Manager- —Mr . Alfred Cutbill . " SoiacrrpBS . —Messrs . Tatham , Upton , Uptofl , and Jphnson ; \ and Messrs . Norris aTid Son . Prpsentr-Forty-eight 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 , 1858 , showing a net profit ( including 1391 ? . 8 s . 3 d . brought forward from last half-yearjof 13 , 8222 . Is . 5 d ., after payment of all expenses , and making provision for bad and doubtifaUdebts . Tfie Director ' s propose to declare a dividend for the halfyear at tfee rate Of 62 . per cent , per annum , payable ou and after the Slab inst . The dividend'will require 90002 ., and after allowing 31202 . 19 s . 5 d . for rebate on current bills not yet due , there will remain a balance of 14012 . 2 s . to be earned forward to tho proseut half-year . Comxbbciax Bane ; op London Balancb-sheet to 31 st Dbc ., 1858 . Dr . Capital subscribed .. .. .. £ 1 , 500 , 000 Capital paid-up 20 * . each on 15 , 000 shares .. £ 300 . 000 0 0 Guarantee Fund .. .. .. .. i . 75 , 000 0 0 Balances due to the customers of the bank 902 , 881 5 7 Balance of undivided profit , SOth 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 debt * .. .. .. ,. 12 , 430 13 2 Balance carried down .. -. —— - — 13 , 822 1 5 £ 1 , 201 , 700 7 0 OB ; Cash in tho bank and at 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 HtrongTroom , fittings , and furniture ( premises hold ou lease ) .. .. .. .. 3 , 000 0 0 ' £ 1 , 291 , 706 7 0 DK . . . ¦ ¦ , " ' ¦ ¦ ¦ ! Dividond at tho rate of Of . nor cent , per annum , for tho half-year ending SlatDoc , _ W ?• .. ... ... . < o , ooo o o Rebate of interest on current bills carried _ tp proftt and loss , new account .. .. 3 , 420 10 5 Balance carried to next half-year .. .. 1 . 401 2 o £ 13 , 822 X 5 ¦ 08 . , . , 1 Balance brought down * r 18 , 822 1 5 £ 13 , 822 1 5 The rgPftrt mid balnnoo-Bhoot having boon road , Vho Qhairninu moved , and Joseph "Underwood , Esq ., seconded , the-adoption of tho report , when « w » b rcaolvod— -That tho report and balanoe-shoot Just pn toiP * I * pr ? y od » Pointed , ftn 4 circulated amongst tho pro-The oiwinnan , Mark Hunter , Esq ., on tho park of tho PJ ^ J ?* ** ' * w * w «* » dlvtdond on the paid-up panltal of tho company , at tho rate of 02 , nor cent , nor annum for tho past 5 * J , r"y *» r . / rop from income-tax , payable on and . after Monaay , » the Qlaft of January Instant , tn ^ *^"!?*** thojii » n , ka of » hi « mooting bo presented tothoQhaMaan , and DIrootori * for their attention to tho ftiraira pfthoBank , eiftSJ ^ SJH *** <*» be » thanks of tho » haroholdor » bo Blvon to tho munagor , Mr . Cutblil . MARK HUNTER , Chuirmcw .
Untitled Ad
SIXTH REPORT OF THE CITY BANK , LONDON . At a > General Meeting of the Shareholders' held at the London Tavern , on Tuesday , January 18 , 1859 , Alderman Sir Robert Walter ! CaRden ; . M . P . Chairman . Petek Bele , Esq ., Deputy Chairman . ; BISECTORS . Peter Bell , Esq . I Andrew Lawrie , Esq . Sir Robert W . Garden , M . P . John Lidgctt , Esq . Henry Vi (< urs East , Esq ; | Robert Lloyd , Esq ; . _ William Gardner , Esq . Win . Alaciiaughtan , Esq ; John Hackblopk , Esq . Jonathan Thorp , Esq . John Jones , Esq . . John Vanner , Esq . The Manager ^ -A . J . White , Esq . Solicitors—Messrs . Pearce . Phillips , Wiuckworth , and ¦ ¦¦ . ¦ . Pearce . ¦ ¦ ¦¦ . The followiug Report was presented : — The Directors , have the gratification to report that the business of the Bank has throughout , the past half-year continued the same steady course 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 are enabled , after paying all the current expenses of the establishment , and making a liberal provision , for bad and doubtful debts , to declare the usual dividend of 51 . per cent , per annum , free of Income-tax , and to carry forward tho sum of 6932 Z . 19 s . lid . to the credit of the new profit and loss account , for disposal at thq end of'tho financial year . , The dividend will bo payable on , and after Tuesday , the 25 th inst . J , „ , After the Register of Shareholders and , Register of Transfers had been authenticated by impressing thereupon the Corporate Seal of tho Bank , the Secretary road the Report and Accounts , and It was resolved unanimously , —That the report now read bo received and adopted . Whereupon a Dividen d was declared , for the period ending the 81 st December last , at and after the rate of is / , per cent , per annum , free of Income-tax . It was then resolved unanimously , — That the thanks of this Meeting bo tendered to the Chairman and Directors , for their important services as shown in tho very satisfactory report now presented . . That tho boat thanks of this Mooting bo givon to Mr . White for tho energy and talont displayed by him as manager . That tho thnnks of tho Meeting bo tendorod to tho Auditors , for tho efficient manner in which they have diaohargod thoir duties . ( Signed ) ROBERT WALTER OARDEN , Chairman . Extracted from the Minutes . COOPER J , WORTH , Secretary . THE CITY BANK , London . Liabilities mid Assets , on tho 31 st day of December , 1853 , Dr . £ s . d . To Capital paid up , viz . 802 . * per Share on 0000 Shares .. .. • .. 300 , 000 0 0 To Amount of Reserved Fund .. 30 , 000 0 0 To Amount duo by tho Bank .. .. 1 , 749 , 747 2 0 To Profit and Loss for tho Balance of that Account , viz . : — Surplus Profit ; brought forward from last half-year £ 2 , 501 10 0 Slnco added 24 , 884 4 0 — : — 27 , 475 14 0 2 , 107 , 222 17 3 Or . ¦ i i i . mi , i By Exohoquor-bills and East India Bonds .. 204 , 018 14 3 , By othor Securities , including Bills dta-_ _ opHntodandLoans 1 , 787 , 980 0 8 By Building , Furniture , and Fixtures ,. 20 , 490 7 1 By Cash in hand , at Bank of England , and at Call .. .. ,. .. ., 131 , 823 15 4 £ 2 , 107 , 222 17 3
Untitled Ad
COMMERCIAL BANK OF LONDON . Tho DIRECTORS HEREBY GIVE NOTICE ^ that a DIVIDEND on the PAID-T 7 P CAPITAL of the Company at the rate of SIX 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 , 1859 .
Untitled Ad
THE CITY BANK , CORNER OF FINCH-LANE , THREADNEEDLE ' STREET ^ LONDON . Incorporated by Royal Charter 1855 . Subscribed capital .. .- .. £ 600 , 000 Paid-up capital .. .. 300 , 000 Reserve fund .. .. .. .. .. SO . Current accounts are made up to the SOth of June and the 31 st of December in each year ; and if the credit balance shall not , at any time during the half-year , have been below 5002 ., interest at the rate of 2 per ceut . per annum is allowed on the minimum monthly balances . If not below 200 Z ., interest at the rate of 1 per cent , per annum is allowed on the minimum monthly balances ; but if under 2002 . no interest is allowed . ¦ Deposit Accounts . —Money is received from the public generally , and interest allowed thereon at the current rate of the day , the Bank notifying any change in the rate of interest by advertisement in one or more of 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 andcities of the world , are granted by the Bank . Circular notes are issued by the Bank , addressed to all , and payablo at any , of the places oh the Continent where tho bank has an agent . Dividends , Ac , on Government and other stock * innuitios , pensions , &c , are received for customers of the Bank without charge ; and every description of banking business is transacted . London , Jan . 18 , 1859
Untitled Ad
NOTICE OF DIVIDEND . BANK pi ^ EPOSIT , No . 3 , Fall-wall East , London , S . W . Tho WARRANTS for tho HALFrYEARLY Interest , at tho rate of 5 per Cent , per Annum , on Doposit Accounts , to tho 31 at Decembor , arc ready for doll very , ana payablo dally betweon tho hours of 10 and 4 . PETER MORRISON , Managlnfif Director . January , 10 , 1859 , . ProspootUsos and Forms sont tveo on application .
Untitled Ad
LOANS AND INVESTMENTS . WELLINGTON LOAN & INVESTMENT ASSOCIATION ( Limited ) , 3 , Chatham-place , Blackfriars , London . Deposits rocoivod at 0 per oont . Interest , payablo half- ^___^ ^ Particulars of * OHARLES W . ROJ 2 , So < y » otftry ! f 'h 'I ? 1 ^ VM - ?> - N . B . Atfeuts required In town and oouutnry . rH ^ ' ( vJiV ^ 'ijJ 1 H J ^ J
Untitled Ad
DEPOSIT AND DISCOUNT BANKjT M ^ kP M £ -rpiyjRJ F 3 ER CENT . on ; sums for fixod@CT ^ fctrJ , ^ X ? or at sovon days' notice , or Throe nor GoinVW . w ^ M ^^ yife SfeiSEy h 7 Tho RiBht HpS . tho ^ -lof ^ Vp ^^^ M ^^ M £ Offlow , 6 . Oftn « on- » troot Woat , B . C . ^^ W fl' "
Twentieth Report ¦ • ' ' . • ¦ Of The ¦ • ' ¦ ¦ . ¦ Directors Of. The Commercial Bank Of London
TWENTIETH REPORT ¦ ' ' . ¦ OF THE ¦ ' ¦ ¦ . ¦ DIRECTORS OE THE COMMERCIAL BANK OF LONDON
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¦ ¦ - ¦ " '¦ ¦ ' ¦¦ ¦ ' ' ; ' ' ¦ ' ¦' ' ¦ - /• ¦ ' ¦ ;' ' ' : ' ¦ ' -Tft ^ > s ' ¦ ¦ ¦ ' ¦ ' : ¦ ' ¦ ¦ A POLITICAL , LITERARY , AND COMMERCIAL WEEKLY NEWSPAPER , ' ' . - ¦ ¦ .. .. ¦ ¦ ' ¦ '¦ ¦ ' ¦ ' ' ¦ . AND \ .. . - ¦ ¦ - . . # ¦ ' RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MIKES SHIPPING , & < v
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VOI .. X . No . 461 ] SATURDAY , JANUARY 22 , 1859 . . P ^ cb { Sa 5 Jg ± fflgES iGfe : : '
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Citation
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Leader (1850-1860), Jan. 22, 1859, page unpag., in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/l/issues/vm2-ncseproduct2278/page/1/
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