LONDON JOINT STOCK BANKS.

THE position which the Joint Stock Banks of London have now attained has rendered the shares in these institutions amongst the most valuable securities negotiable in the London Money Market; and perhaps one of the best evidences that they occupy a high position in the Banking world, as well as in the estimation of the public, may be seen from the fact of their having been, during the present year, admitted to the advantages of the Clearing House, on the same footing as private bankers, after a lengthened and persevering opposition.

The balance-sheets and the reports of the London Joint Stock Banks, for the half-year just ended, indicate a remarkable degree of success, as well as a large increase in the amount of business done; but as we have given the balance-sheets of each bank, no comment is needed from us.

LONDON AND WESTMINSTER BANK.

In 50,000 shares of £100 each, and £20 paid up. The last dividend, 6 per cent. per annum, and a bonus of £3 per cent. on the paid-up capital.

BALANCE SHEET, ENDED JUNE 30, 1854.

Dr.

To Proprietors, for Paid-up Capital

Amount due by the Bank on Deposits,

Circular Notes, &c.

Rest, or Surplus Fund

Net Profits of the past Half-year

Cr.

Government Stock, Exchequer Bills, and
India Bonds

Other Securities, including Bills discounted,
Loans to Customers, &c.

Cash in hand.

Dr.

Profit and Loss.

To Total Expenditure of the Six Establish-
ments, including Rent, Taxes, Salaries,
Stationery, &c.

Amount set apart towards the New Build-
ings in Lothbury and Bloomsbury
Payment of the Dividend now declared,
at the rate of 6 per cent. per annum, for
the last Half-year, on Paid-up Capital of
1,000,000l.

Bonus of 3 per cent. on the Capital
Balance of Profit and Loss Account
Rest, or Surplus Fund

22,335 17 3

2,000 O O

9930

30,000 0

30,000 O 13,900 19 125,307 I

223,543 18

2

125,307 I 6

Cr.

By Rest, or Surplus Fund, on 31st Dec. 1853. Gross Profits of the last Half-year, after paying the Income Tax and making provision for all bad and doubtful Debts

98,236 16 8

223,543 18 2

UNION BANK OF LONDON.

In 60,000 shares of £50 each, and £10 paid up. The last dividend was 10 per cent. per annum, and a bonus of £5 per cent.

BALANCE SHEET, ended June 30, 1854.
Liabilities.

Paid-up Capital, 10l. per share on 42,290 shares
Due by the Bank on Current Accounts, De-
posit Receipts (including interest accrued),
Circular Notes, &c.
Reserved Fund, invested in Bank Stock, as per

contra •

Surplus Profit

7,504,377 18 7 84,631 II 2

£7,589,009 99

Cash in the Bank, in the Bank of England,
Loans, Exchequer Bills, and other Govern-
ment Securities, Bills discounted, &c.
25,0351. 138. 11d. Bank Stock (Reserved Fund)
Bank Premises, consisting of Freehold Build-
ings in Prince's-street, Mansion House-street,
Argyll-place, and Lease and Fixtures of
4 Pall-mall East
Preliminary Expenses

Half-year's Dividend, to the 31st Dec. 1853,
amount carried forward

Appropriation of the Surplus.

Dividends on Paid-up Capital, viz. :

Half-year, to the 31st Dec. 1853, already

paid, at 5 per cent.

Half-year, to the 30th June, 1854, now de

clared, at 5 per cent.

Bonus, at 5 per cent.

Proportion of Preliminary Expenses

Undivided Profit-carried to Profit and Loss New Account, for Rebate of Interest on Bills not yet due, Income Tax, &c.

Profit, as above, after deducting all Expenses paid or due, and Interest (107, 739l. 178. 5d.) allowed to Customers on their Current and Deposit Accounts

LONDON JOINT STOCK BANK.

84,631 II 2

In 60,000 shares at £50 each, and £10 paid up. The last dividend, 10 per cent. per annum.

BALANCE SHEET, ENDED JUNE 30, 1854.
Liabilities and Assets.

Dr.

each

To Capital Paid-up-viz., 60,000 shares, at 10l.

Amount due by the Bank

To Current Expenses, proportion of Building
Expenses, Directors' Remuneration, Bad
Debts, Income Tax, &c.

Amount carried to Profit and Loss New Ac-
count, being Rebate of Interest on Bills
discounted not yet due
Dividend Account for the payment of Half-
a-year's Dividend, at the rate of 10l. per
cent. per annum, upon 600,000l., amount
of Paid-up Capital upon 60,000 shares
Balance, being Undivided Profit for the past
Half-year

Cr.

By Balance brought down

106,048 9

£106,048 9 8

COMMERCIAL BANK OF LONDON.

In 1,500 shares of £100 each, and £20 paid up. The last dividend was at the rate of 6 per cent. per annum, with a bonus of 16s, per share.

Balances due to the customers of the Bank Balance carried down after deducting bad and doubtful Debts, Income Tax, and all Charges and current Expenses

Cash in hand, Government Securities, India
Bonds, Bills discounted, &c. .

Dividend at the rate of 6 per cent. per annum
for the half-year ending the 31st of Decem-
ber, 1853, already paid
Dividend at the rate of 6 per cent. per annum
for the half-year ending the 30th of June,
1854

Bonus of 168. per Share, equal to 4 per cent.

62,566 17 8

1,265,903 O 8

per annum.

12,000 O

Rebate of Interest on current Bills carried to
Profit and Loss New Account
Balance carried to the Guarantee Fund, making
that Fund 64,0127. 6s. 11d.

I,445 9 3

36,950 O II

ROYAL BRITISH BANK.*

In 1,000 shares of £100 each, and £50 paid up. The last dividend was at the rate of 6 per cent. per