Bankers Circular, March 10, 1860

Bankers Circular

March 10, 1860

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Issue date: Saturday, March 10, 1860

Pages available: 20

Previous edition: Saturday, March 3, 1860

Next edition: Saturday, March 17, 1860 - Used by the World's Finest Libraries and Institutions
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Publication name: Bankers Circular

Location: London, Middlesex

Pages available: 3,009

Years available: 1828 - 1860

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All text in the Bankers Circular March 10, 1860, Page 1.

Bankers Circular (Newspaper) - March 10, 1860, London, Middlesex AND MOWETABY TIMES OR JOURNAL OF BRITISH AND FOREIGN FINANCE, FUNDS, BANKS RAILWAYS AND COMMERCE. Established 1828. Vol, XXXIIL-No. 1749.] SATURDAY, MARCH 10, 1860. \Price 6d. ; Stamped Id, rpiIE SECRETARY of STATE _L for INDIA in COUNCIL HEREBY GIVES XJOTICE, that he has received from Bengal the undermentioned SCHEDULES: A. Schedule of all administrations whereof the final balances have been paid to the parties entitled to receive, specifying the amount of such balances and the persons to whom paid, during the six months ending on 30th June, 1859. Ifc Schedule of all sums of money, bonds, and other securities received by the Administrator-General,on account of current and unadjusted estates not being Hindoo or Mahomedan remaining under his charge, together with the payments made thereout, and the balances in hand. C. Schedule of all sums of money, bonds, and other securities received by the Administrator-General on account of adjusted estates not being Indoo or Mahomedan remaining under his charge, together with the payments made thereout, and the balances in hand" D. Schedule of all sums of money, bonds, and other securities received by the Administrator-Geueral on account of Hindoo and Mahomedan estates remaining under his charge, together with the payments made thereout, and balances in hand. E. Schedule of balances in the hands of the Administrator-General set apart to meet the admitted claims of creditors against the estates therein mentioned. F. Schedule of unclaimed balances of estates under 500 rupees deposited with the sub-treasurer, Fort William, under the financial secretary's letter of the 8th October, ls52, interest being allowed thereon by government. And that the said schedules are open to the inspection of the publio at the department of, the Agent to the Administrators-General in this office. India-office, 29th February, i860. TS YOUR. LIFE OFFICE OH X YOUK SAVINGS' BANK A SAFE ONE? See a SECOND REPORT to the BOARD of TRADE, (on the LIFE ASSURANCE INSTITUTIONS of the United Kingdom ; intended to remove all fear of loss, to those who are fortunately assured in the good offices ; and to forewarn those who have policies in offices likely to follow the 54 that have been closed, at a loss to the public of .�'2,095,200 sterling, since the First Report was published in Julv, 185(5. By the same Author, also, "Good News for You and Your Friends-," and "Try, Try, Try Again." I'riee one penny. London: .Joseph Bentley, 13, Paternoster-row; and all booksellers. TT IS A FACT WORTHY of RE- JL CORDING, that in the 19th Century, and in an enlightened Country, like ours, the treatment resorted to by the Faculty for the (.Jure of Indigestion is altogether wrong in theory, and betrays fearful ignorance of the Physiology of the Digestive Organs and the Stomach, and in almost every instance, confirms the malady it should remove. The Secretary of the " Liverpool Botanic Institute" will gladly and promptly forward, free of cost to all who apply, Professor Beaumont's never-failing Botanic Remedy for all Diseases arising from indigestion, such as Flatulency or Wind in the Stomach, Bilious or Liver Complaints, Dimness of Sight, and Nervous or Sick Head-Ache. One ingredient used in this remedy was discovered by Professer Beaumont while on a Tour through the Back Woods of America; and the veceipe was forwarded to the Directors of the " Liverpool Botanic Institute," at whose cost it is made known to the Public; and they wish it to be distinctly understood, that under no circumstances �whatever will they accept any fee, reward, or contribution, tor the receipe, their object being to show how far superior the Botanic practice is over all other practices of medecine. All they wish is, that those who may be [benefitted thereby, will communicate the same, in order that the Public may know the value of this remedy, and forward the movement for Medical Reform. Address, enclosing directed envelope-"The Secretary of the Botanic Institute Liverpool." D EAFNESS.-Will bo forwarded, on receipt of directed envelope-"The Secretary, Botanic Institute, Liverpool," a Receipe, to cure all Cases of Deafnes and Noise in the Head, provided the dram of the ear be not broken. LONDON AND COUNTY BANKING COMPANY. Subscribed Capital, � 1,250,000. Paid-up Capital, �500,000. Head Office-21, LOMBARD-STREET. directors. Philip Patton Blyth, Esq. Thomas Tyringham Bernard, Esq., M.P. John William Burmester, Esq. William Cory, Esq. James Andrew Durham, Esq. John Fleming, Esq. Edward Huggins, Esq. William Champion Jones, Esq. James Laming, Esq. John Henry Lance, Esq. William Lee, Esq., M.P. William Nicol, Esq., M.P. general manager. William McKewan, Esq. At the HALF-YEARLY MEETING of PROPRIETORS, held on THURSDAY', the 2nd February, i860, at the LONDON TAVERN, Bishops-gate-street, the following REPORT for the year ending the 31st December, 1859, was read by the Secretary :- WILLIAM CHAMPION JONES.Esq., in the Chair. REPORT. The Directors have the pleasure of presenting to the Shareholders their Report for the half-year ending the 3lst December, 1859. It will be seen by the Balance-sheet, signed by the Auditors, that the net profit of the Bank for the last half-year, including the sum of �6,291 14s. lOd. brought forward, and after deducting all expenses, income-tax, and rebate, and making provision for bad and doubtful debts, amounts to �41,065 7s. lid., from which the Directors retain the sum of .�5,000 to be added to the " Reserve Fund," thereby increasing it to �110,000. The Directors recommend the payment of a dividend of 6 per cent, for the half-year, free of income-tax, which will absorb �30,ooo, and with 5 per cent, already paid, will make ll per cent, for the year, leaving a. balance of .�6,065 7s. lid., to be carried forward to Profit and Loss New Account. The Directors retiring by rotation are- Joseph Christopher Ewart, Esq., M.P., Philip Patton Blyth, Esq., and William Lee, Esq., M.P. Mr. Blyth and Mr. Lee offer themselves for reelection ; Mr. Ewart is not a candidate, as he finds-his other engagements prevent his discharging the duties of the office with satisfaction to himself; and as tin: Board will still consist of 12 members, no increase is recommended at present. The div. will be payable on and after the 13th inst. BALANCE SHEET OF THE LONDON AND COUNTY BANKINC COMPANY, 31st Dec. 1859. Dr. To Capital paid up .... Reserve fund..... Amount due by the Bank for Customers' Balances, &c. Profit and Loss balance brought from last account Cross profit for the half-year, after making provision for bad and doubtful debts .... �500,000 105,000 4,975,029 0 0 �6,291 14 10 110,952 4 11 �550,-190 869,306 �501,413 13 9 Cr. By cash on hand at Head Office and Branches . . . Cash placed at call and at notice . . Investments, viz.: Government and Gauranteed Stocks. Other Stocks and Securities . . . Discounted Bills, Notes, and temporary advances to Customers in town and country .....�3,14 Advances to Customers on special securities. . . . 388,386 117,243 19 9 �5,697,272 1 9 9 10 95,210 1,419,796 16 6 596,644 1 2 10 0 11 Freehold premises in Lombard-st. and Nicholas-lane, freehold and leasehold property at the branches, with fixtures and fittings Interest paid to customers Salaries and all other expenses at Head Office and Branches, including income-tax on profits and salaries...... 3,535,793 8 9 78,179 13 19,869 17 46,989 3 1 �5,697,272 19 9 Dk. Profit and Loss Account. To interest paid to customers . . �19,869 17 o Expenses, as above .... 46,989 3 1 Rebate on bills not due, carried to Profit and Loss New Account . 9,319 11 9 Reserve Fund-addition . . . 5,ooo o o Dividend of 6 per cent, for the half-year ...... 30,000 o 0 Balance carried forward to Profit and Loss New Account. . . 6,065 7 11 Cr. By Balance brought forward from last account..... Gross Profit for the half-year, after making provision for bad and doubtful debts..... �117,243 19 9 6,291 14 10 110,952 4 It �117,243 19 9 We, the undersigned, have examined the foregoing Balance Sheet, and have found the same to be correct. (Signed,) HENRY OVERTON,") JOHN WRIGHT, \ Auditors. FRED. HARRISON,) Loudon and County Bank, Jan. 26, i860. The foregoing Report having been read by the Secretary, the following resolutions were proposed and unanimously adopted : - 1. That the Report be received and adopted, and printed for the use of the Shareholders. 2. That a Dividend of 6 percent, be declared upon the Capital Stock of the Company, for the ha'f-year ending the 31st December, 1859, clear of income-tax, payable on and after Monday, the 13th February instant, and that the balance of �6,065 7s. lid., then remaining, be carried to Profit and Loss New Account. 3. That the thanks of this Meeting be given to the Board of Directors for the able manner in which they have conducted t\v affairs of the Company. 4. That the thanks of the: Meeting be presented to the Auditors of the Company for the past year. 5. That Frederick Harrison, Henry Overton, and John Wright, Esquires, be re-elected Auditors for the current year, and that their joint remuneration be augmented from 60 guineas to �ioo per annum. 6. That the thanks of this Meeting be presented to William M'Kewan, Esq., the General Manager, W. J. Norfolk, Esq., the Chief Inspector; R. P. Nichols, Esq., the Secretary; and the other officers of the Establishment, for the zeal and ability with which they have severally discharged their respective duties. The election of two Directors luiving been proceeded with, the following gentlemen were unanimously re-elected ;-Philip Patton Blyth, Esq., and William Leo, Esq. (Signed,) AY. C. JONES, Chairman. The Chairman having quitted the chair, it was resolved, and carried unanimously- That the cordial thanks of this Meeting be presented to William Champion Jones, Esq., for his able and courteous conduct in the chair. (Signed,) WILLIAM NICOL, Dep.-Chairman, (Extracted from the Minutes. (Signed,) R. P. NICHOLS, Secretary. T ONDON AND COUNTY JU BANKING COMPANY. NOTICE is hereby given, that a DIVIDEND on the Capital Stock of the Company, of 6 per Cent., for the Half-year ending the 31st December, 1859. will be PAID to the Proprietors, either at the Chief Office, 21, Lombard Street, or at any of the Company's Branch Banks, on and after MONDAY', the 13th inst. Bv order of the Board, W. McKEWAN, General Manager. 21, Lombard Street, 2nd Feb., 1860. Just published, pp. 500, 8vo. GOVERNMENT ETON FIRST PRINCIPLES. Illustrated by Scientific Analogies, Philosophical Maxims, Statistical Deductions and Monetary Calculations, Circulating Mediums consistent with all demands advocated. All denominations of Governments fairly examined. By J. Grossmith. Statesmen and lovers of intelligent progress,-should read this Work. Published by Piper and Co., Paternoster Row. mO BANKERS, FINANCIERS, &c. X -The Nations Mind and Public Correspondent Just Published.-Contains Suggestions for 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. ;