MEGAdigital. Online-Angebot der historisch-kritischen Gesamtausgabe von Karl Marx und Friedrich Engels

July 25. 1868.

Banking Progress during half year ending 30. June. Reports of the London Joint Stock Banks.


	Deposits:
	June 30. 1868.	Dec. 31. 1867.
London and Westminster	£19,915,950	22,010,572	Decr. £2,094,622	Total net decrease of deposits £3,747,194 = 9% on amount held last Dec.
Union	10,069,837	12,071,097	Decr. 2,001,260
City	2,514,782	2,229,791	Incr. 284,991
Alliance	1,296,286	1,322,218	Decr. 25,932
Imperial	1,159,412	1,177,967	Decr. 18,555
Consolidated	2,260,770	2,184,783	Incr. 75,987
Metropolitan	297,237	265,040	Incr. 32,197


	Acceptances.
	June 30. ’68	Dec. 31. ’67
London und Westminster	£970,096	902,700	Incr. £67,396	Zunahm[e] Total in acceptances of £2,252,674
Union	7,308,655	5,298,744	Incr. £2,009,911
City	2,161,690	1,418,388	Incr. 743,302
Alliance	217,593	98,541	Incr. 119,052
Imperial	93,004	134,726	Decr. 41,722
Consolidated	200,531	102,414	Incr. 98,117
Metropolitan	4,596	4,676	Decr. 80

London Joint Stock had still its old form of account of lumping acceptances mit deposits. Total of these items £13,836,628, being £1,859,296 more than last half year.


	Amount of net Profits.
	June 30 ’68.	Dec. 31. ’67
London and Westminster	£152,396	£147,646	Incr. £4,750
London Joint Stock	74,908	66,994	7,914
Union	99,570	89,711	9,895 9,859
City	17,673	19,877	[Decr.] 2,204
Alliance	16,417	5,734	10,683
Imperial	10,824	10,670	154
Consolidated	31,313	27,263
Metropolitan	5,932

London and Westminster divides 24% p.a. against 32 und 28% p.a. respectively in the 2 preceding half years.


London Joint Stock	121/2% (on larger capital) against	121/2 und	162/3
Union Bank	15	15	25
City Bank	7	7	10.

Imperial, Consolidated und Metropolitan continue to pay 5% p.a. as in January last, Alliance Bank 3% p.a. for last half year, no dividend January last.

Intrinsic Value of Railway Property. (Concluded.) (Sieh p. 38)


Capital apparently raised or expended at close of 1867 by said 18 Railways in round numbers:	£361,387,016. (Dieß weniger als wirklich)
Gross Revenue of Year 1867	£34,749,460
9.63% upon the capital spent at the end of the year. (Gross Revenue upon the capital spent at the end of the year.)
Working Cost (1867)	17,138,120
Apparent net profit	£17,611,331
This yield nominally an average of 4.88%. Aber nun deduct charges made during year to capital
Deduct charges to capital	12,198,967
Net Profit with closed capital accounts	£5,412,364
These net profits upon capital of £361,387,016 would yield in year exactly	11/2%.\|

A bad Business. – Smith, Knight, and Co. (Lim.)

Aus:
The Money Market Review, 25. Juli 1868. S. 85.
Schließen Icon dass Zitate symbolisiert John Smith, of that firm, contractors applied to Bankruptcy Court on 9. July for discharge. Nach den accounts (before dem Court) liabilities £493,384, assets only about £4,407, besides a „doubtful“ claim of £118,000 on the Penarth Harbour Dock and Railway Co. On 1st April 1864, the business of Smith and Knight transferred to limited Co. im in consideration of £234,000. Their liabilities at that time £218,076 mit assets stated to be £119,000, in addition to the doubtful claim above mentioned. When the Co. was formed each of the partners took 10,000 shares of £50 each. Diese Kerls sold their really insolvent concern at goodwill of £234,000. Found directors to father such a project.

Aus:
The Money Market Review, 25. Juli 1868. S. 88.
Schließen Icon dass Zitate symbolisiert Dieser Smith commenced business in 1855 mit £4,400. He senior partner. Of Knight nothing is said, has besides, absconded, war probably penniless. Each of these partners (1864 when the lim. Society started) engaged to take 10,000 shares, i.o. to pay £1,000,000 (when they were insolvent[)]. Vor dem Bankruptcy Court Smith (nachdem Knight absconded) discharged, since the directors of Smith, Knight et Co – the representatives of the shareholders – intimate that they are perfectly satisfied mit Smith’s accounts, and have no objection of his passing and being discharged of all legal obligation.