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. 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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. 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