I shall be asked if this anomaly is inevitable, and I am afraid that for practical purposes we must consider it to be so. Except in 1913, the resources of the Reserve Treasuries on January 1 have been in recent years between £1,000,000 and £2,000,000. │1907. But, as has been said, the detail of banking–the proportion of detail to the size of the bank–is everywhere increasing. Since the surplus balances in India, beyond those required by the District Treasuries and those deposited with the Presidency Banks, are mainly held in notes, we may neglect them for the present purpose. They were issued as loans to the public, but the public wanted no more; they never presented them for payment; they never asked that sovereigns should be given for them. In its first period, as I have shown, the Bank gave credit to the Government, but afterwards it derived credit from the Government. Lindsay’s, in 1878 and subsequently, on the regulation of a Gold Standard—should both have come from Secretaries of the Bank of Bengal, not from high officials of State.