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Leader (1850-1860), 7th February 1857, Edition 1 of 2, Page 142, Untitled Ad

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      Untitled Ad

      « ¦ ¦¦ i _^_ J __ ^^^ i LONDON AND COUNTY „ J 0 MT-STOCK -BMKOffi COMMM . " H ^ AD OFFICE . 21 , LOMBARD-STREET . * : ¦ 1 ___—_ . u 3 > IBECTOBS . | l Philip Bsfefcon BlyCta , Esq . Win . Champion Jones , Ifeg . X . Wm . Burmestor , Esq . James Laming , Esq . p William Cory , Esq . John Henry Lance , Esq . t > Tames Andrew Darham , "Esq . William Lee , Esq ., M . P . Jos . C . Ewart , Esq ., M . P . William Nicol , Esq .. o Aubrey . Mex . Hog&ton . Esq . Richard Springett , Esq . a General Manager—William McKewan , Esq . At the ANNUAL MEETING of PROPRIETORS , held on A Thursdav , February 5 , 1857 , at the London Tavern , Bishops- ^ , gate-street , the following report for tlio year ending the SlBt December , 1 & 56 , was reaU by the Secretary . J WILLIAM NICOJU Esq ., in the Chair . ffl REPORT . of This b * ing the time presented by the Deed of Settlement tl for the Annual Meeting of the Company , your Directors proceed accordingly to lay before the Proprietors a general p ] statement of the affairs of the Bank for the half-year ending re the Slat of December last . , , g ( It will be shown by the 3 alance Sheet , signed by the Auditors and cerfcified by Mr * Coleman , Public Accountant , that the gross Profit of the Bank for the last half-year , including balances amounting to 20 , 899 ? . 9 s . 2 d . brought for- a ) ward 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 tJ Profit of 38 . 081 J . 93 . 6 d . Prom this sum your Directors recommend that a Divi- ¦ dend be now declared of 6 per cent , for the half-year , free ~ of Income-tax , which , with 6 per cent , previously paid for ] the six months ending the 80 th June last , will be 11 per J Cent- for Idae year 1856 . a Your Directors likewise recommend that an addition of p EOQZ be now made to the " Provident Fund " of tho Bank , lc for the year 185 < 5 , being the same in amount as the sum r granted with this object-forth © previous year . Should these recommendations be adopted , there will remain a Balance of 77951 . 14 s . 3 d . to be carried to Profit and loss New Account . As suggested at the meeting of the Proprietors iu August " last , your Directors further recommend that tbe limitation placed on the Reserve Fund at the last Annual Meeting be ' removed . The Directors retiring lay rotation are—John William Burmester , Esq ., Richard Springett , Esq ., and William Champion Jones , Esq ., who respectively offer themselves for re-election . BALANCE SHEET OT THE LONDON AND COUNTY BANKING COMPANY , SlST DECEMBER , 1856 . * Dr . ? to capital paid , up ~ £ 498 , 032 10 0 } Reserved fund 100 , 000 0 0 Customers' balances , &c . 3 j 543 , 826 6 4 Profit and loss balance i brought from last account £ 10 , 819 16 7 , Bo . rebate , Ac , ditto ......... 10 , 179 12 7 - Gross profit for the halfyear after making provisiou for bad and doubtful debts ,. 98 , 267 14 2 i 119 , 237 a 4 ' £ 4 , 261 , 113 19 8 Cr . ' By cash on hand at head office , and branches £ 826 , 705 1 9 < Cash placed at call and at short notice 546 , 059 16 0 £ 1 , 072 , 824 V 3 9 Investments , viz . : — Government and guaranteed stocks 237 , 666 15 C Other stoclcs and aeouitties 173 , 700 2 8 ¦ 411 , 366 IB 2 Discounted bills , notes , and temporary advances to customers in town , and country 2 , 366 , 034 16 4 Advances to custome-ra on special securities 288 , 864 7 0 2 , 054 , 899 3 4 Freehold promises m Lombard-street and Nicholas-lane , freehold and leasehold proporty n . t the hranniirw , with fixtures and fittings 60 , 514 14 10 Interest paid to customers 29 , 802 19 7 Salaries and all other expenses at head olllceand branches .,.. „ ,. 41 , 615 6 0 * £ 4 , 261 , 113 19 ~ 8 Dr . Phofit and Losa Account . To interest paid to customers £ 29 , 802 19 7 "Expenses , as above 41 , 015 G 0 Retmt . 0 on bills not due , &c , carried t » profit and loss now account 9 , 007 8 3 Half -year ' s dividend , at 12 per cent , per » nn ™ v-. iV < --.- 29 , 785 15 3 Provident Fund ' B () 0 0 0 Balance carried to proilt and loss now acooupt 7 , 795 14 3 Or £ 119 , 2 D 7 3 4 By balance brought forward from last account _ ; -fifl Rift 1 ft * 7 Bobatcfto .. ditto .. 1017012 I Gross profit for tho half-year , " after making provision for bad and doubtfvil dobt * 08 , 257 14 . 2 £ 119 , 267 3 ~ 4 By profit and loss now account , balance * brought down ..- X 7 7 O *> 14 1 Bydltto , < litto , robat « , Ac . brought down !!; » , 0 G 78 3 "Wo , tho undovHip 5 ncd , havo examined tho foroaointt balanco-Hlicot , and compavod tho itomjj it comprises with tho Bovoral books and vouohora relating thereto , and have found tlio same to be correct . ( Signed ) HENRY OVERTON " , ^ JOHN WRTOHT , I Auditors FREDERICK GA 8 KBLL , ) < Utom J . E . COLEMAN , Public Accountant . London and County Bank , January 28 , I 860 . for be of of re get - a

      Untitled Ad

      „ | l p t > o ^ , J ffl of tl p ] re g ( a ) . _ * tJ The foregoing Report Having Aeen read *> y the Secretary , the following Resotationa-were proposed And unanimously 1 . Thai the Report be received and adopted , andpriuted fortheuseof the Shareholders . 2 . Tha * a Dividend at the rate of 6 per cent , be declared upon the Capital Stock of the Company for the half-year ending the 3 lst of December , 1866 , clear of Income-tax—payable on and after Monday , the 16 th of February instant . 3 . That the sum of 500 & . be added to the " Provident Fund , " and tho balance of 77952 . 14 s . 3 d-, then remaining , be carried to Profit and Loss new Account . 4 . That the thanks of this Meeting be given to the Board of Directors for the able manner in which they have conducted the affairs of the Company . . ¦ , ' ,., 5 . That the thanks of the Meeting be presented to the Auditors of the Company for the past year . 6 . That Frederick Gaskell , Henry Overton , and John Wright , Esquires , he re-eleoted Auditors for the current year . 7 . That the thanks of this Meeting be presented to "William : McKewan , Esq ., theGeneral Manager , andtheother officers of the establishment , for the zeal and ability with which they have severally discharged their respective duties . Tiro Ballot for the election of three Directors having been proceeded with , the following gentlemen were unanimously re-elecfced : —John 'William Burmester , Esq ., Richard Springett , Esq ., and WiHiam Champion Jones , Esq . ( Signed ) WILLIAM NICOL , Chairman . The Chairman having quitted the Choir , it was xesolved , and carried unanimously—That the cordial thanks of this Meeting be presented to William Nicol , Esq ., for his able and courteous conduct in the Chair . Extracted from the Minutes . ( Signed ) OR . P . NICHOLS , Secretary .

      Untitled Ad

      ~ ] J a p lc r \ T ( XNDO 1 T and COUNTY JOINT-STOCK -L > BANKING COMPANY . Notice is hereby given , that a DIVIDEND of 6 per cent , on the capital stock of the Company , for the half-year ending the 31 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 , the 16 th February instant . By ordor , W . M'KjEWAN . 21 , Xombard-stTeet , February 6 , 1857 .

      Untitled Ad

      " ' * } SOUTH AUSTRALIAN BANKING COMPANY . Incorporated hy Royal Charter , 1847 . The Court of Directors GRANT LETTERS of CREDIT and BILLS upon the Company ' s Banks in South Australia at pax-Approved drafts negotiated or sent for collection . Business with , all the Australian Colonies conducted through the Bank's Agents . Apjffy at the Company ' s Offices , 54 , Old Broad-street , London . WILLIAM PURDY , Manager , london , 1 st February , 1857 .

      Untitled Ad

      i , - i ' ' . < HE PEOPLE'S PEOYIDENT ASSURANCE SOCIETY . For the Assurance of Lives , and the Guarantee of Fidelity in Situations of Trust . Chief Office : 2 , Waterloo-place , Pail-Mall , London . Capital , Half a Million Sterling , The existing Revenne exceeds Fifty Thousand Pounds per Annum . 3 PEE 8 IDENT 8 . The Right Hon . Thomas Milner Gibson , M . F . for Manchester . George Frederick Muntz , Esq ., M . P . for Birmingham . BOAKB OB DIRECTORS . ( All of whom are Shareholders . ) CHAIRMAN . George Alexander Hamilton , Esq ., M . P . for Dublin TJnivorsity . irEruTsr-cnAiEMAN . lieut-Col . J . W . Reynolds , 2 , Clifton-place , Sussex-square . Thomas Barnes , Esq ., M . P . for Bolton . Joaiah Bates , Esq ., Throgtnorton-street , and Tollingtonpark . Jonn Choetham , Esq ., M . P . for South Lancashire . Frederick Ohinnock , Esq ., 8 , Mansfield-street , Cavondish-Bquaro . James Davidson , Esq ., 2 , Walbrook . John Field , Esq ., Warnford Court , and Dorndcn , Tunbridgo "Wolls . Charles FosteTj Esq ., M . P . for Wallsall . Richard Francis George , Esq .. Bath . Trios . O . Hayward , Esq ., Minories and Highbury . J . Hedging , Esq ., Thayer-street , Maiicheater-square . Chas . Hindley , Esq ., M . P . for Ashton-under-Lyne . T . Y . M'Christio , Esq ., Groat James-street . James Edward M'Connell , Esq ., Wolverton . Tohn Moss , Esq ., Reform Club , Derby . Gcorpo Frederick Muntz , Esq ., M . P . for nirmingham . Cliarles William Reynolds , Esq ., 6 , Oxford-square , Ilydenark . Riohard Spooner , Esq ., M . P . for North Warwickshire . H . Wickham Wickhara , Esa ^ M . P . for Bradford . Thomas Winlcworth , Esq ., Grosham Club , and Canonbury . MANAGER ANI > SECRETARY . William Cleland , Esq . This Company having a revenue from Premiums alon . 0 oC Fifty Thousand Pounds per Annum , is in a position to transact every description of Life Assuranco on as favourable terms as any other Company of equal Ktanding . The Premiums for Guarantee are applicable to all ordinary classes of Risk , and range from l « s . por cent , and upwards . Tho rato in . each particular enso is dopondont upon tlie nature of tho duties , tho system of accounts , and tho extent of responsibility or trust reposod . For Clerks engaged in Banking Establishments in Great Dritain , tlio terms aro peculiarly advantageous , —viz ., commencing at 10 s . por cont . and diminishing Ono Shillinpr por « ont . annually , until tho rato ia rcducod to Sovon Shillings per cent ., or equal to a reduction of thirty por cent , aftor three annual payments , Tho rato of premium for tho Fidelity Guarantee- ol ManaRorH and Agonta of Branch RanlcH in Grout Britain when tho amount exceeds 1000 f ., or for Hauls Managers ant Olorku out of Great Britain , will bo determined by stiociu agreement . Tho Guarantee Policioa of this Society aro accepted by th < lencuiig London and l ' rovinoiid Joint-Stock and Priyati r \?»! ! l" ? , p ' neipal Railway OompftnioH , Lifo and Fin uillces ,, Public- Conipaiiion , IuHtituLion . s . and Cojniuercia 1 'irms throughout tho kingdom . Applicationa for Agencies to lm nddrosscd to tho Manage ) 1 ) / b l' p , d , x

      Untitled Ad

      PEL . JCAN LIFE IN&TTSAlSrTIE COanPAHY ESTABLISHED IN 1707 , *¦ TO , Lombard-street , Oity , and 57 , Charing-cross , "W estmin 8 ten DIRECTORS . Kobert Gumey Barclay , Esq . | Kirkman D . Hodeson T ? a « William Cotton , D . C . L ., P . R . S . Thomas HodgawEsd *" John Davis , Esq . Henry Lancelot Holland Esn William Walter Fuller Esq . Benjamin Shaw , Esq . ¦ ^ Jas . A . Gordon , M . D ., T . R . S . Matthew Whiting . Esn Henry Grace , Esq . M . Wyvill , Jun ., Esq ., * ij > NOTICE . In order to remove any apprehension that might Ins on tertamed as to the perfect Security of the Policies KBuit « T by the PELICA # LIFE OFFICE , the Directo . l w omitted every Clause that would render them void by reasnn of any error in the Statements made by the Assured before or at the time of effecting an Insurance . Moderate Rates of Premiumwith Particioation in "Piv > fita Low Rates without Profits . " - "onss . LOANS in connexion with Life Assurance on approved Securitv For Pro-spectuses and Forms of Proposal apply atf thn Offices as above , or to any of the Company ' s Agents ROBERT TUCKER , Secretary .

      Untitled Ad

      SPECIAL NOTICE . To secure the advantage of this year ' s entry , proposals must he lodged at the head-office , or at any of the Societv ' s Agencies , on or before the 1 st March . Policies effected on or before 1 st March , 1857 , will receive six years' additions at the Division of Profits at 13 b March 1862 . \ rf ^ HE SCOTTISH EQUITABLE LIFE ASJL SURANCE SOCIETY . Instituted 1831 . At the Division of Surplus at 1 st March , 1 S 56 , 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 per cent . per annum on the Sum Assured . This addition may be converted into a present payment , or applied in reduction of the future Premiums . Profits are divided Trienuially , and belong wholly to tho Assured . " Accumulated Punds .. £ 1 , 000 , 000 Annual Revenue . ...... 16 !) , 400 Existing Assurances .... » 4 , 764 , 1 ) 49 Copies of tho Report by the Directors on the Division of Surplus in 1856 , and . all information , may be had on applica * tion at the Head Office , or Agencies . ROBERT CHRISTIE , Manager . WM . FINLAY , Secretary . Head Office—26 , ST . A : NDRE"W-SQJJARE , EDINBURGH . Oepice iit London—26 , POULTRY , E . C . ARCHD . T . RITCHIE , Agent .

      Untitled Ad

      - - . IMP ERIAL LIFE INSURANCE COMPANY , 1 , OLD BROAD STREET , LONDON . Instituted 1820 . T . GEORGE BARCLAY , Esq ., Chairman . MARTIN T . SMITH , Esq ., M . P ., Deputy-Chairman . Ome-Third of the Premium on Insurances of 500 £ . and upwards , for the whole term of life , may remain as a debt upon tlie Policy , to be paid off at convenience ; ortheBirectors will lend sums of 50 ? . and upwards , oil the security of Policies effected with this Company for the whole term of lifo , when they have acquired an adequate value . .. Fottir-Fifths , or 80 per cent , of the Profits are iissijriiDd to Policies every fifth year , and may be applied to increase tho sum insured , to au immediate payment in cash , or to tho reduction and ultimate extinction of future Premiums-At tlie fifth appropriation of profits for tho live yoaisterminating January 31 , 18 G 6 , a reversionary bonus was declared of" U . 10 s . per cont . on the sums insured , and subsisting additions for every premium paid during tlio livo years . This l ) onus , on policies of the longest duration , exceeds 11 . 5 s . por cent , per annum on tho original sums insured , and increases a policy of 10 O 0 Z . to 1 C 38 ? . Proposals for insurances may bo made at the chief office , as above ; at the branch office , 16 , Pall Mall , London ; or to 1 any of tho agents throughout tho kingdom . BONUS TABLE , Showing tho additions made to Policies of 1 O 0 OZ . each . Tlntri of Amount of Addition made « .. p-miblo ImumiiPO Additions to as on . 3 Z-l ) Jllu lnauaance . Voh ^ lg 51 < pcb # lj 185 g . ' lllu JA"R _ £ b . d . . € s . d . -C s . d . 1820 523 10 i ) 114 5 0 IMS 1 <> 1825 S 82 14 . 0 103 14 . . 0 1 W > H 0 38 IJ 0 211 13 () Oii 2 0 VVM U « 18 : 55 185 3 « 88 17 0 VJ . ~ -l <• <> 1840 128 15 0 8 t 1 IJ 0 1-2 U 5 « < h 1815 05 15 0 7 S ) 18 0 WS ™ ( * 18 D 0 10 0 0 75 15 0 NWj Jfi J I 8 r > r > — 15 0 0 ^ H'JlJl- l — ) And for intorinodiato years in proportion . Tho next appropriation will bo mado 1111801 . . IwsuranccB , without participation in I ' ro-flts , mny " / ofl ' ocLod at ruducod ratca . , , SAMUEL 1 NGALL , Actuary .

      Untitled Ad

      - ) rip HE CAMBRTAN and UNIVERSAL LIFE b - A - andl'IRE INSURANCE COMPANY . ¦ Cnpilnl 100 , 0001 . Established 1840 . l' Olllcc . 27 , aroshani-stroet . AptoncioHin thoprincipnH . fi «' ns p of EiiBland and Wales . TliiH ofTlco ofTors tho benefit ; of RHSiirnnoo in nil u » , f briuu : hc ! H , and is highly eligible for every description 01 »» nd A now and most important foaturo , ontirfily oviK'H ^ 1 "f il with tliis Company , vi / ,.. Marriage Dowries , , 1-iil ' o AbHiuJim-i niul Deferred AnnuitioH iiuiludod iu one policy , o Ilatos of premium nioilorato . , 0 / Viinuitioti Krantod . Fantily endowments , o Iioans on pcvsoiuil and other wouritioN . . . ; n A / i xl ^ oriiiH of |) ropoaal » ndovoryinr () niiatioiii 3 iny bfioi ) iiii »« . ouapplicnlion . liy ordor , .... ^ . ir . ALlfRED AUSJiHAJ ) O , Mrt »»* - r -

      Untitled Article

      X 42 ! THE LBAMB , ^ STo . 359 , Saturday

  • Citation
    • Leader (1850-1860), Feb. 7, 1857, page 142, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/vm2-ncseproduct2179/page/22/