The known deposits–the deposits of banks which publish their accounts–are, in london (31st december, 1872) 120,000,000

FIXED AND CURRENT DEPOSITS (IN £1,000,000) ┌───────────────–┬────–┬────–┬────–┬────–┬────–┬────–┬────–┬────–┬────–┐ │ Bank. Before that all Oriental trade went to ports in the South of Europe, and was thence diffused through Europe. In the interval the Kolar gold mining companies had mostly entered into agreements for the sale of their produce in England; and the prospect of their bringing their gold to be refined and coined at Bombay—which was to be the _pièce de résistance_ of our gold mint—was thus deferred. But when their stocks are falling low and there are apparently signs of demand in the _immediate_ future, how long can coinage be delayed safely? To answer this we need to know the maximum rate of output of the Mints, and the maximum rate of absorption of new currency so far experienced. But we have no concern now with these differences of detail.

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