33,288,640 33,288,640 L

BANKING DEPARTMENT.
Proprietors' capital 14,553,000 L Government Securities 13,811,953 L
Rest 3,103,301 L Other securities 19,781,988 L
Public deposits, Notes 10,389,690 L
including Exchequer, Gold and silver coins 907,982 L
Savings' Banks,
Commissioners of
National Debt,
and dividend
accounts 8,585,215 L
Other deposits 18,204,607 L
Seven-day and other
bills 445,490 L
44,891,613 L 44,891,613 L

GEO. FORBES, Chief Cashier.

Dated the 30th December, 1869.

There are here 15,000,000 L. bank notes issued on securities, and
18,288,640 L. represented by bullion. The Bank of England has no
power by law to increase the currency in any other manner. It holds
the stipulated amount of securities, and for all the rest it must
have bullion. This is the 'cast iron' systemthe 'hard and fast' line
which the opponents of the Act say ruins us, and which the partizans
of the Act say saves us. But I have nothing to do with its
expediency here. All which is to my purpose is that our paper 'legal
tender,' our bank notes, can only be obtained in this manner. If,