It was also pointed out that the requisite gold could be acquired by offering a slightly higher price for it, thus retaining imports of the metal which would otherwise be bought up by exporters. Finally, it was stated by one speaker of eminence in the banking world, that in his opinion the matter was not one for the banks to deal with alone, the additional gold not being required for the sole benefit of the banks, but for the security of the community at large. The matter here rests for the present, but when it has to be settled, as doubtless it must at some time, the ideas and suggestions contained in these discussions will probably become of importance. INDEX Active circulation, 59 Advances to customers, 92, 100 Amalgamations, 80, 164 Arbitrage, 131 Bank Act of 1844: Main provisions of, 29; suspensions of, 35, 36, 38 — of France, 127, 149 — paper, 139 — post bills, 69 — rate, 74, 139, 143 — return: the first issued, 32 Bankers’ balances, 65, 90 Banking department, 62 Berlin: specie points, 128 Bill-brokers, 51, 90 — — guarantees, 108 Bills under discount, 92, 100 Board of Trade Returns, 154 Branch banks, 80, 164 Buying gold, 149 Call and short money, 50, 94, 147 Cash payments: suspension of, 12 ’Change, 134 Circulation: active, 59 Clearing House, 79, 115 — — Returns, 119, 154 Closing prices, 160 Competition, 163 Continental investment in London bills, 140 Country clearing, 117 Course of exchange, 135 Deficiency bills, 70 Exchange: favourable or unfavourable, 128 — long, 136 — short, 136, 139 Exchequer bills, 51, 92 — — closure of by Charles II., 5 Export specie points, 126 Favourable exchange, 128 Fixed price of issue, 159 Floaters, 111 Fluctuations of exchange rates, 129 Foreign bankers, 46, 54, 110, 139 Gold movements, 123, 142 — reserves, 162, 169 Goldsmiths, 4, 19 Import specie points, 127 Indian Government, 52 — price of silver, 152 Investments, 91, 97, 99 Issue department, 57 — at fixed price, 159 — by tender, 158 Joint-stock banks, 19, 21, 49, 77 Limited liability, 79, 145 Liquid assets, 93 Lombards, 3 Long exchange, 136 Mexican dollars, 152 Money market, 47 Monopoly of joint-stock banking, 10, 15, 23, 76 New York specie points, 128 One-reserve system, 67, 162 Par of exchange, 125 Paris: specie points, 127 Post days, 134 Premises, 93-100 Rediscounting, 110 Reichsbank, 34, 128, 149 Reserve, 73, 143 — capital, 83 — funds, 83, 104 Royal Exchange, 132 Short exchange, 136, 139 — loan fund, 49, 113 Silver, 150 Specie points, 126 Stock Exchange, 52, 96, 156 Suspension of cash payments, 12 — Bank Charter Act, 35, 36, 38