is moved up and down (sometimes for other
reasons than the value of money), and is sup-
posed to be the rate of discount for bills of the best
description. It is found in practice, however,
that when there is an abundance of money seek-
ing employment, bills are discounted at lower
rates.

The Bank of England make purchases and
sales of British or Foreign securities, and divi-
dends on stocks will be received and placed to
account. Exchequer bills, bonds, railway deben-
tures, or any other securities may be deposited,
and the interest, when payable, will be received
and placed to a customer's account free of
charge. Cash boxes (contents unknown), plate
chests, and deed and security boxes are also
received for customers for safety, free of charge,
and all other banking facilities conceded, as are
given by the Blankshire Bank.

The other joint-stock banks of London trans-
act their business in all respects in the same
manner as the Bank of England. In addition
they invite money on deposit, allowing interest
on the same. Sums of money lodged on deposit,
and they may be by persons who are not other-
wise customers, are not carried to a customer's
account, but, as in the case of the Blankshire
Bank, are placed on a special form of receipt