the only effect on the Bank's position is an addition of so many
millions to its holding of securities and a similar addition to its
deposits. It may sometimes happen that the borrowers may require the use
of actual currency, and in that case part of the advances made will be
taken out in the form of notes and gold, but as a general rule the Bank
is able to perform its function of providing emergency credit by merely
making entries in its books.

A BANK RETURN

ISSUE DEPARTMENT.

Notes Issued £56,908,235 Government Debt £11,015,100
Other Securities 7,434,900
Gold Coin and Bullion 38,458,235
Silver Bullion ---
----------- -----------
£56,908,235 £56,908,235
----------- -----------

BANKING DEPARTMENT.

Proprietors' Capital £14,553,000 Government Securities £11,005,126
Rest 3,431,484 Other Securities 33,623,288
Public Deposits 13,318,714 Notes 27,592,980
Other Deposits 42,485,605 Gold and Silver Coin 1,596,419
Seven Day and other
Bills 29,010
----------- -----------
£73,817,813 £73,817,813