London and Westminster Bank reports steady profits and staff rewards
The eighteenth ordinary meeting of London and Westminster Bank proprietors declares a six month gross profit of £87,903 13s 9d after bad debts, dividends of 6 percent and a 1 10s per share bonus, with £30,000 reserved for potential losses and staff gains totaling £11,000. The directors praise staff effort amid crisis and outline plans for expanding premises and capital.