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£ METROPOLITAN BANK OF ENGLAND…

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£ METROPOLITAN BANK OF ENGLAND AND WALES (LIMITED). SUBSCRIBED CAPITAL, viz., 90.000 Shares of B50 each £ 4.500,000 PAID-UP CAPITAL, viz., 90,000 Shares, de5 Paid £ 450.000 GUARANTEE FUND, Invested in British and Colonial Government Securities £ 45,0000 DIRECTORS: Sir THOMAS LEA. Bart.. M.P., Chairman. J. SATCHELL HOPKINS, Esq., Deputy-Chairman. JAMES TERTIUS COLLINS, Esq. LORD ERNEST J. SEYMOUR. ROBERT FORREST. Esq. WALTER EVERS WARDEN, Esq. Sir JOHN .T. JENKINS, Kt. CHARLES H. WILLIAMS. Esq. ABRAM CRESWICKE RAWLINSON, Esq. MORGAN B. WILLIAMS, Esq. JAMES LEIGH, GENERAL MANAGER. F. J. HUGHES, ASSISTANT GENERAL MANAGER. JAMES SMITH WOOD, SECRETARY. HEAD OFFICE 60, GRACECHURCH STREET. LONDON, E.C. WILLIAM HALL, HEAD OFFICE MANAGER. FREDERICK NALDER, HEAD OFFICE SUB-MANAGER BRANCHES: ABERDARE D. J. Gwyn LLANBERIS John Owen Jones ALCESTER J. H. Henderson LLANDUDNO A. Evans BANBURY. J. Fingland LLANDYSSUL Gwynne Davies BANGOR Wm. Thomas LLANELLY W. Griffiths BARMOUTH .J. Richard Pritchard I LLANGEFNI Evan M. Roberts BARRY DOCK.L. W. Jones LLANRWST W. Bleddyn Lloyd BATH A. T. Perkins MERTHYR TYDFIL G. Wood Davies BETHESDA John Jones MORETON-IN-MARSH .H. L. Sowdon BILSTON J. E. Briant MUCH WENLOCK F. Sargeant BIRMINGHAM. NEATH T. H. Evans BENNETT'S HILL .A. G. Sampson I NEVIN .John P. Williams MARKETS W.R.Walsh NEWCASTLE EMLYN .Gwynne Davies BLAENAU FESTINIOG.John Parry Jones NEWPORT, MON A. E. Willey BLAEXAVON .Thomas Cooke 1 OXFORD.G. Hughes BLOXWICH W. Precey PENTRE .Wm. Merchant BUIDGEND Frank Moon PONTYPRIDD .Wm. Merchant BRIDGNORTH R. Pilkington PORTMADOC J. Richard Priehard BRIER LEY" HILL J. Finney PORT TALBOT T. H. Evans BRISTOL J. Berry-White PWLLHELI Robert Jones BROMSGROVE D. Laing [READING A. McNeil CADOXTON .L. W. Jones REDDITCH F. H. Joscelyne CARDIFF .A. E. Old SHIPSTON-ON-STOUR.J. H. Evans CARDIFF DOCKS .J. Marshall STOURBRIDGE H. James CARDIGAN .J.W.Nicholas STOURPORT .A. W. Gabriel CARNARVON Robert Williams STRATF0RD-0\-AV0N.C. E. Martin CHEPSTOW Arthur Price SWANSEA, High-street.Charles Price CHIPPING NORTON T. H. Burbridge SWANSEA, Wind-street.R. M. Brown COLWYN BAY W. O. Hughes TREDEGAR G. J. Tuckfield CONWAY .David Jones WALSALL, The Bridge.W. Precey COWBRIDGE .Frank Moon I WALSALL. Park-street.J. J. Shedden DARLASTON H. E. Proctor WARWICK S. G. Squires DUDLEY F. M. Baker I WEDNESBURY E. C. Richardson HAVERFORDWEST John Shettle WEST BROMWICH .H. A. Price HEDNESFORD C. W. Bullivant WILLENHALL.W. Johnson {pro tern.") WITNEY .C. E. Davenport HENLEY-IN-ARDEN .J. E. Turner I WOLVERHAMPTON W. S. Rowland KIDDERMINSTER E. C. Newmarch WORCESTER F.R.Laurie TJEAMINGTON G. C. Lake SUB-BRANCHES. ABERGWYNFI .Sub to Bridgend MORRISTON tSub to Swansea ACOCK'S GREEN Birmingham MOUNTAIN ASH Aberdare AMLWCH „ Llangefni NEW30ROUGH „ Llangefni BLYENGARW. „ Bridgend NEWPORT.PEM. „ Cardigan BROWNHILLS. „ Walsall I PENRHYN-DEUDRAETH Portmadoc (ThetBridge) PENYGROES Carnarvon BRRNSIENCYN Llangefni PONTYCVVMMER Bridgend BRYNMAVVR „ Blaenavon FORTH Pontypridd BURRY PORT Llanelly PORTHCAWL „ Bridgend CRADLEY HEATH „ Stourbridge SALTLEY „ Birmingham CRICCIETH „ Pwllheli STUDLEY Redditch DOWLAIS Merthyr Tydfil | TALYSARN „ Carnarvon EBBVV VALE „ Tredegar TONYPANDY „ Pontypridd EBENEZER Bethesda TREFACH NewcastleEmlyn FERNDALE Pontvpridd j TREHARRIS „ Aberdare FESTINIOG Blaeaau Fes- TREHERBERT Pontypridd tiniog TREORKY „ GLYN NEATH Neath TYNEWYDD „ Bridgend LYE Stourbridge YSTALYFERA „ Swansea MAESTEG Bridgend AGENCIES. BAMPTON (Oxüx) G. W. Dutton I KINETON J. Hawkes CANNOCK .A. Withington SHIPTON-UNDER-WYCHWOOD ^JHARLBURY .T. Smith J. J. Dangerfield The Shares of Y.50 each are paid up to the extent of e5 only, leaving a reserve of £ 45 per share, or £4,050,000 in the aggregate available to meet the liabilities of the Company, in addition to the Guarantee Fund of £ 450,000. By the Articles of Association £ 25 per share—in other words, one-half of the subscribed capital of £ 4,500,000—must always be left uncalled, far the security of depositors. The Bank issues drafts on the principal towns in the United Kingdom, also upon the Continent, the United States, Canada, Australia, and New Zealand. The Bank collects Bills, Cheques, Coupons, kc., receives Dividends, undertakes the Purchase and Sale of Stocks, establishes Credits at home and abroad, and transacts generally the usual branches of Banking business. Current Accounts are opened on favourable terms. The Bank receives sums of £ 10 and upwards on deposit, repayable at call or upon 14 days' notice allowing liberal rates of interest. Customers can arrange to receive money at. or pay money to, any of the Bank's Branches, or have money paid to any of the Bank's Correspondents and advise for their credit. Strong Rooms are provided, free of charge, for the custody of Deeds and other property lodged by the customers of the Bank. METROPOLITAN BANK (OF ENGLAND AND WALES), LIMITED. REPORT OF THE DIRECTORS TO THE SHAREHOLDERS AT THE TWENTY-EIGHTH ORDINARY MEETING TO BE HELD AT THE GREAT WESTERN HOTEL. BIRMINGHAM, ON THURSDAY, THE 25TH JANUARY, 1894, AT 12 O'CLOCK AT NOON. In presenting the Twenty-eighth Annual Report, the Directors have pleasure in stating that the net profits for the past year, after making ample provision for bad and doubtful debts, and allowing for rebate on bills current, amount to £94,728 19s Id, to which has to be added Income Tax paid for Shareholders, £ 2,362 10s Od. and amount brought forward from the previous year, £2,562 15s 5d, making a total disposable sum of je99,654 4s 6d, which has been appropriated as follows :— Dividend of 15 per cent. per annum for the half-year ended 30th June, 1893 £ 33,750 0 0 Dividend of 15 per cent. per annum for the half-year ended 31st December, payable 1st February next 33,750 0 0 Sonus of 3 per cent. 13,500 0 0 la reduction of National Bank of Wales Goodwill. 12,000 0 0 Income Tax paid for Shareholders 2,362 10 0 Bank Premises Redemption Fund—being £ 1,000 and £661 19s. Od. interest on the Fund transferred from the profits of the past year. 1,667 19 0 Balance carried forward to next year 2,623 15 6 —————— £99,654 4 6 The provisional agreement with the National Bank of Wales, Limited, was not confirmed by the Shareholders of that Bank until the 12th June last, after which possession of the business was taken. The voluntary liquidation of the National Bank of Wales, Limited, is still proceeding. It will be observed that your Directors propose to set aside ;E 12,000 towards the extinction of the amount agreed to be paid for the goodwill of the National Bank of Wales. Limited. The Directors regret to have to report the death of their colleague, Mr. Joshua Horton, of Handsworth. The Directors retiring on this occasion-Sir John J. Jenkins, Kt., and Sir Thomas Lea, Bart., M.P.— _e eligible, and offer themselves for re-election. The Auditors, Messrs. Turquand. Youngs and Co., also retire from office, and are eligible for re-election. By Order of the Board of Directors, JAMES LEIGH, General Manager. 60, Graceehurch-street, London, E.C., 16th January, 1894. BALANCE SHEET, 31st DECEMBER, 1893. LIABILITIES £ s. d. Due by the Bank on Current, Deposit and other Accounts 5,857,958 14 2 Seven Day and other Drafts 15,312 11 11 £ 5,873,271 6 1 PROPRIETORS' FUNDS Paid-up Capital £ 450,000 0 0 Guarantee Fund 450,000 0 0 Bank 1-remises Redemption Fund. 23,766 12 11 Dividend and Bonus payable 1st February next 47,250 0 0 Balance carried forward to next year 2,623 15 6 — 973,640 8 5 £ 6,846,911 14 6 ASSETS: £ a. d. Cash in hand and at the Bank of England 628.520 18 5 Ca.3h at Call and at Notice 224,344 16 10 £ 852,865 15 3 Investments, viz. :— British Government Securities :£388,020 0 0 Colonial Government Securities, Corporation Stock, and De- benture Bonds 208,947 0 0 ——————— 596,967 0 0 Bills of Exchange 1,094,981 6 3 £ 2,544,814 1 6 Due to Bank on Current and other Accounts. 3,922,488 12 3 Goodwill Account National Bank of Wales £ 115,000 0 0 Less Amount now written off 12,000 0 0 ——————— 103.000 0 0 Bank Premises and Furniture at London, Birmingham, and 115 Branches 276,609 0 9 £ 6,846,911 14 6 JAMES LEIGH, General Manager. AUDITORS' REPORT. We have, as usual, visited all the Branches of this Bink, and have examined the Balance Sheets thereof, as well as the foregoing Balance Sheet, and find the latter is a correct statement of the Company's affairs as shown by the Books of the Company. We have examined the securities held against the money at Call and Short Notice, and those representing the Investments of the Bank, and have satisfied ourselves of the correctness of the Cash Balances. TURQUAND, YOUNGS, WEISE, BISHOP, and CLARKE, Auditors. LONDON, 16th Januarj, 1S94.

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