Dr. 1886 Sept. 6 _To Cash_ £60 0 0 13 ” _Draft_ 14 7 6 23 ” _do._ 4 1 8 29 ” _Bill_ 17 18 0 Oct. 2 ” _Notes_ 15 0 0 1886 Cr. Sept. 9 _By Twentyman_ £ 3 5 0 15 ” _Self_ 10 0 0 25 ” _Jones_ 5 1 3 Oct. 6 ” _Williamson_ 4 9 8 12 ” _Thomson_ 27 2 5 In this book you must never make an entry yourself. It should be left at regular intervals at the bank to be “made-up,” that is to say, for all the sums received and paid to be entered in it. The pass-book is really a copy of the bank ledger. When received again from the bank it should be gone over carefully to see that all the entries are just as they should be. Current accounts, as a general rule in England, do not bear any interest, in other words, the banker pays nothing for the use he enjoys of any balance left in his hands. Unless the balance is large he thinks he does enough in taking the trouble of keeping the account. In Scotland interest is usually given on current accounts, but it is only a slight advance upon nothing. Besides receiving money on current account, however, bankers receive it on _deposit_. _Deposit accounts_ are those in which sums of money are lodged in a bank on the understanding that a certain rate of interest is to be paid upon them, and that a certain number of days’ notice is to be given before they are withdrawn. There is no such thing as drawing cheques on a deposit account. When money is received on deposit, a deposit receipt is given. The amount is usually repayable to the depositor alone, but it may also be paid to anyone to whom the depositor gives an order on the bank, either written on the back of the deposit receipt or accompanying it. The rate of interest paid on deposits varies with the Bank of England rate. It is, however, usually so small that no one, except for special reasons, will let money lie on deposit in a bank whilst there are plenty of perfectly safe investments to be met with outside. For business women who travel few business documents are of greater interest than a _letter of credit_. This is a communication from a banker to a correspondent, or correspondents, authorising credit to be given to the bearer to a certain specified amount. In applying for a letter of credit you must name to your banker the sum you will require altogether, and the number of towns in which you wish to draw portions of that sum, and if there are, say, three towns—Paris, Berlin and Rome—you must enclose your signature on three separate sheets of paper. The banker sends one of these slips to an agent in each of the towns named, and forwards to you a letter of credit in this form:—