Issue Deparfm ent.

E2s,35I,295

E2s. 35l.295

f3I.42a.2l0

f3i,423,2i0
{"character_count": 2357, "word_count": 398, "ccnet_language_score": [0.9470999836921692], "ccnet_perplexity": [1503.699951171875], "fasttext_language": ["en"]}
The returns made by the Bank the 10th Of August last
stated the circulation to be f2l 900 deposits, ETA
o9OoOo securities f22 sos 000 and bullion ELS 600
BY the above report the deposits amount to Ella
bullion and coin els 206 e6 he amount OF notes issued
is f2s 2s5 being the full extent Of the amount al
lowed by the charter with the present Of
the bank. The government debt and other securities
amount to within hundred pounds Of the fourteen
million on which issues permitted which, with the
bullion on hand allows the bank to issue the amount
given in the returns Whatever fluctuations take place
thr ssues also take place in the quantity Of bull


lion hand and that item depends the changes in that
department. The Bank of England has already CON-
menced very serious competition with the joint stock
banks by reducing the rate Of interest discounts to
very low rate The movement of the bank must in
sequence become greatly extended unless the stock Of
bullion becomes reduced and the issues restricted
Underline law returns required weekly, and until
several are made Ia impossible to tell how the system
worksthe effect commercial affairs, the to
be pursued by the banks At present there appears be


little prospect Of any great change in financial Matters
but becomes necessary than before to be
particularly careful Of the Of bullion and the
state of exchanges SO long the Bank Of England
retain the amount of bullion has in hand the issues
be reduced below the present amount but should


series of unfortunate harvess other events happen
that would require drain Of SPECIE commercial affairs
in England would experience very serious revolution
The system Of banking in operation in Great Britain,
one that many bankers have for long time been striv
ing obtain Up to this time the whole system has been


theory and it Is possible practical demonstration Of it,
features prove extremely injurious to all classes
The principle OF Withdrawing paper money from circua.
tionpound for pound for every pound of bullion drawn
from the Kingdom may work far different from what is
anticipated. The principle Ia in a fair way OF being
practically tested.


The transactions in American stocks, in London


limited occasional wants for investments remtances
this country. Holders generally firm, but there
had been improvement Of consequence in quotations