_Dr._ BANKING DEPARTMENT _Cr._ ---------------------------------+-------------------------------- £ | £ Proprietors’ capital 14,553,000 | Government Rest 3,564,729 | securities 14,554,834 Public deposits 3,630,809 | Other securities 7,835,616 Other deposits 8,644,348 | Notes 8,175,025 Seven-day and | Gold and silver coin 857,765 other bills 1,030,354 | ----------- | ----------- £31,423,240 | £31,423,240 =========== | =========== For comparison we append the Return of the 2nd September, 1903. _Dr._ ISSUE DEPARTMENT _Cr._ ---------------------------------+---------------------------- £ | £ Notes issued 51,831,835 | Government debt 11,015,100 | Other securities 7,434,900 | Gold coin and | bullion 33,381,835 | Silver bullion Nil ---------- | ---------- £51,831,835 | £51,831,835 ========== | ========== _Dr._ BANKING DEPARTMENT _Cr._ --------------------------------+----------------------------- £ | £ Proprietors’ capital 14,553,000 | Government securities Rest 3,740,209 | 18,260,841 Public deposits 7,393,580 | Other securities 24,969,260 Other deposits 41,872,061 | Notes 22,322,875 Seven-day and | Gold and silver coin other bills 113,465 | 2,119,339 ---------- | ---------- £67,672,315 | £67,672,315 ========== | ========== The provisions of the 1844 Act, above noted, are the principal ones which affected banking in general, and the Bank of England in particular—they were the food for much debate and discussion before they became law, and it may be added that several of the provisions then enacted have been the food for much debate and discussion ever since. Taken as a whole the Act has worked well, and has succeeded, in combination with greater knowledge and foresight, in maintaining our banking system in a sound condition.