Saturday, January 21, 1860

Bankers Circular

Location: London, Middlesex

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Text Content of Page 1 of Bankers Circular on Saturday, January 21, 1860

Bankers Circular (Newspaper) - January 21, 1860, London, Middlesex AST) MONETARY TIMES, OR JOURNAL OF BRITISH AND FOREIGN FINANCE, RAILWAYS AND COMMERCE. Established 1828. FUNDS, BANKS, No. 1742.] SATUKDAY, JANUAKY 21, 1860. [Vol, XXXIII. TWENTY-SECOND EE POUT OF THE DIRECTORS OF THE /COMMERCIAL BANK OF LON- DON, for the Half-year ending 31 st Dec. 1859. At a HALF-YEARLY GENERAL MEETING of the SHAREHOLDERS, held at the Banking-house, Lothbury, on Tuesday, the 17th of January, I860-present, the Directors and forty-seven Proprietors. The advertisement calling the Meeting was read, 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 December 31, 1S59, exhibiting a net profit (including 4-1,014 10s. lOd. brought forward from last half-year) of �15,243 9s. 2d., after paying all expenses of management, and making provision for bad and doubtful debts. This enables the Directors to recommend a Dividend for the half-year at the rate of �l per cent, per annum, payable on and after the 28th instant. The Dividend will absorb �10,500, and after allowing �3,458 4s. lid. for rebate on Current Bills not yet due, a balance of �1,285 4s. 3d. will .remain to be carried forward to the next half-yearly account. Ed>vard Stillingflcet Cay ley, Esq., M.P., having resigned his seat in the direction, James Clay, Esq., M.l\, who is a duly qualified Proprietor, offers himself as a Candidate for the vacant seat, pursuant to notice. COMMERCIAL BANK OF LONDON, BALANCE SHEET TO DECEMBER 31, 1859. Du. Capital subscribed . �1,500,000 Capital paid-up, .�20 each on 15,000 shares ...... Guarantee Fund . Balance due to the Customers of thc Bank ..... Balance of undivided profit, 30th .June, 1S5D . . . �1,014 10 10 Net profit for the half-year ending 31st December, 1859, after paying Income Tax, and deducting all charges and expenses, and making provision for bad and doubtful debts 14,228 is 4 s. d. 300,000 0 0 75,000 0 0 92G,314 X 2 15,243 9 2 �1,316,557 17 4 Ck. � s. d. Cash in the Bank, and at call, at the Bank of England, Exchequer Bills, India Bonds, and Government Securities .... 207,405 15 10 Bills discounted, loans on stock, and other securities . . . 1,100,152 l c Strong-room, fittings, and furniture (premises held on lease) . 3,000 0 0 �1,310,557 17 4 Dividend at the rate of �7 per cent. per annum, for the half-year ending 3lst December, 1859 . 10,500 0 0 Rebate of interest on current bills carried to profit and loss new account...... 3,456 4 11 Balance carried to next half-year . 1,285 4 3 Balance brought down . �15,243 9 2 15,243 9 2 The Report and Balance-sheet having been read:- 1. It was resolved-That the Report and Balance-sheet just read be approved, printed, and circulated amongst the Proprietors. The Chairman, Mark Hunter, Esq., on the part of the Directors, declared a Dividend on the paid-up capital of the Company at the rate of �7 per cent, per annum for the past half-year, free from income-tax, payable on and after Saturday, the 28th instant. 2. Resolved-That James Clay, Esq., M.P., be elected a Director of this Bank in the room of Edward Stillirigfleet Cayley, Esq., M.P., resigned. 3. Resolved-That the t.hanks of this Meeting be presented to the Chairman and Directors for their attention to the affairs of the Bank during the past year. 4. Resolved-That the best thanks of the Shareholders be given to the manager, Mr. Cutbill. MARK HUNTER, Chairman. /COMMERCIAL BANK OF \J LONDON.-The Directors hereby give notice, that a DIVIDEND on the paid-up Capital of the Company, at the rate of �7 per cent, per annum, for the half-year ending December 31, 1859, free from income-tax, will be PAYABLE at the Banking-house in Lothbury, on and after Saturday, the 28th instant. By order of the Board, A. R. CUTBILL, Manager. Dated January 17, i860. Mr. Effingham Wilson's Publications. Just published, second edition, brought down to the present time, in one vol., 8vo., price 12s., cloth. MR. DOUBLEDAY'S FINANCIAL. MONETARY and STATISTICAL HISTORY of ENGLAND, from the Revolution of 1688 to the present Time; derived principally from official documents. By Thomas Douijlkday, Esq., author of "The Political Life of Sir Robert Peel," "The True Law of Populations,'1 and "Mundane Moral Government." The additional chapter to this edition may be had separately by the purchasers of the previous one. " A work of absorbing interest and uncommon research. "We have tested it minutely, and believe it strictly true, as it is unquestionably clear in its statements."-Blackwood's Edinburgh Magazine. London : Effingham Wilson, Royal Exchange. BRITAIN'S METAL MINES. Just out, price is., free by post for 13 stamps, BRITAIN'S METAL MINES. A A Complete Guide to their Laws, Usages, Localities, and Statistics. By John Robert Pikk, London : Effingham Wilson, Royal Exchange. OUR NATIONAL DEFENCES. Just published, price Is., free by post for 13 stamps, fYUR NATIONAL DEFENCES. \J What are They? "The welfare of the people is the highest law." London : Effingham Wilson, Royal Exchange. LONDON SEWERAGE, AND ITS APPLICATION TO AGRICULTURE. Just published, price 2s. npiIE LONDON DRAINAGE; and I How to apply the Sewerage to the Land, with Advantage to the Farmer and the Capitalist. By George Siiki'iierj>, C.E. London : Effingham Wilson, Royal Exchange. In a few days, price 6d., post free 7d., PUBLIC SPEAKING with SENSE X and FLUENCY, for the Use of those who take part in Public Meetings. By Harry Hopwood. London : Effingham "VN ilson, Royal Exchange. With engraving, the thirty-fifth thousand, price 6d., post free 7d. POOR LETTER "II;" its Use and Abuse. By the Hon. Henry H. London : Effingham Wilson, Royal Exchange. Just ready, third thousand, price 6d., post free, 7d. A WORD to MY WIFE. Practical -Ljl Hints in Cookery and Comfort. By a Benedict. London : Effingham Wilson, Royal Exchange. WARD'S TREATISE on INVEST- YV MENTS. a Popular Exposition of the Advantages and Disadvantages of each land of Investment, and the Liability to Depreciation and Loss. It is the surest and safest guide to the investment of money ever published. A new and improved edition, with most important additions. By II. A. Ward, solicitor, Maidenhead. London; Effingham Wilson, Royal Exchange. SEAMEN'S WAGES CALCULATOR. Second Edition, price 10s. TIME and MONEY TABLES, for Calculating Seamen's Wages: showing the exact rateable time in calendar months and days, from any one day in the year to another; also the amount of wages due for such periods, and at any rating from 10s. up to �50 per month. London: Effingham Wilson, Royal Exchange. NET COST ON RETURNS. Price is., bv post 1.*. Id., rjUIE BUYER" mid SELLER'S 1. GUTDE ; or, Profit on Relurn. Showing on one view Net Cost and Return Prices, with a Table of Discount. By Andrew Ferguson, Author of "Tables of Profit, Discount, Commission and Brokerage." London : Effingham Wilson, Royal Exchange. PEOPLE'S EDITION FOR THE USE OF MECHANICS, &c. In a neat pocket volume, price Is.; or post free on receipt of 13 Queen's heads. IOMPOSITION mid PUNCTUA- TION Familiarly Explained for those who have Neglected the Study of Grammar. By Justin Brenan. ''Something of this kind has long been wanted, and the want is most ably supplied. We shall ourselves present copies to mechanics and others, in whose progress we take interest." - Edinburgh Literary .Journal. London: Effingham Wilson, Royal Exchange. .Just published, price 2s. 6d., THE INAM COMMISSION UN-masked. By Robert Knight, Editor of the "Bombay Times." London : Effingham Wilson, Royal Exchange. Just published, in fcap. 8vo., price 2s. 6d., cloth, Publications. Price One Shilling. rpiIE EQUITABLE SOCIETY. A JL Letter to the Members of the Equitable Society respecting the coining Bonus, December, 1859, and their Prospects for the future. By C. J, Bunyon, Esq. London: Charles and Edwin Layton, 150, Fleet-street. Depot for books on assurance, life, fire, and marine. mOBANKERS, FINANCIERS, &c. JL -The Nations Mind and Public Correspondent.-Just Published.-Contains Suggestions fer a )System of a Guaranteed Paper-Currency leading ,to a Decimal Coinage. With a variety of other orignal matter of general public Interest. Price Sixpence, at 23, Bouverie-street, London, E. C. Just Published.-Price Sixpence. Short and Ready Method oe Calculating the . TNCOME TAX OF Is. Id. IN THE JL POUND. By Joseph Gritton, of the Bank of England: also Table Showing Income Tax of ad. in the Pound. Also Table showing the Nett of Dividend of Consols and other 3 per cent. Stock, after deducting the Income Tax of is. Id. in the Pound.-Price Is. Effingham Wilson, Royal Exchange. Waterlow and Sons, London-wall, Birchin-lane, and Parliament-street. Also may be had, by the same Author, Tables showing Income Tax at 5d., Id., and is. 4d. in the Pound. Also, Tables showing the Nett of Dividends of 3 per Cent. Stock, after deducting the Income Tax of 5d., 7d., and is. 4d. in the Pound. SLAVERY and FREEDOM in the BRITISH WEST INDIES. By Charles Buxton, M.A., M.P. London: Longman, Green, Longman, & Roberts. A DVICE OFFICE FOR LIFE JuL ASSURERS, 1, Finch Lane, Cornhill, Messrs. Davies and Co. (Advertising Agents) Managers. Before insuring your Life learn which is the best office for your purpose. There are 130 Life Assurance Societies in London, and upon your selection the value of your policy depends. After a few payments a Policy in one office becomes a property, in another but the emblem of money virtually thrown away. Among the First-Class Offices, that which is the best for young lives is but an indifferent office for middle aged, or elder ones, and vic6 versit. Messrs. Davies and Co. are unfettred by connection with any office, and from a, carefully acquired and long experience in Life Assurance matters arc enabled to offer advice and assistance to Assurers which cannot fail to be of value. Apply personally or by letter at No. l, Finch Lane, Cornlull.