If the bank had not made loans to the government, which we should now think dubious,

The vital points to them is to employ it at some rate. CHAPTER IX. The largest account at the Bank of England is that of the English Government; and probably there has never been any account of which it was so easy in time of peace to calculate the course. A surfeit of gold can do at least as much damage as a shortage.

But even on this occasion the adverse balance arose to a considerable extent out of changes in capital transactions under items (ii. . ) Trade Bills on London in London 2½ │ negotiated in India 6½ │ (iv. In the meantime is any partial remedy possible for the evils dealt with above? 18. An insurance office in the long run needs no capital; the premiums which are received ought to exceed the claims which accrue. Because being created by state aid, it is more likely than a natural system to require state help.

We print at the end of this article the respective profits of 110 banks in England, and Scotland, and Ireland, being all in those countries of which we have sufficient information–the Bank of England excepted.

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