COMPARISON OF THE POSITION OF THE FIXED ISSUES IN THE UNITED KINGDOM. AUTHORISED ISSUES BY THE ACTS OF 1844 POSITION OF THE AUTHORISED ISSUES, SEPAND 1845. ENGLAND.-Bank of England .. £14,000,000 ENGLAND. TEMBER 24TH, 1881. England £14,000,000 The following changes in the list of bankers authorised to issue notes have occurred during the year ended 24th September, 1881: INCREASE. Bank of England, pursuant to Act 7 and 8 Vict., cap. 32, 1st April, 1881 .. £750,000 The following Table shows the gross amount of notes issued in the United Kingdom on the 24th of September, 1881 : Total amount of notes issued in the United Kingdom £52,938,054* * Of the total amount of £38,108,270 issued by the Bank of England from the Issue Department £12,053,680 was held by the Bank of England in the Banking Department. Deducting this trom the total issue, it leaves £40,884,374 as the actual circulation of notes in the United Kingdom on the above date. † It will be seen from these figures that the issues upon credit of certain Scotch and Irish Banks are below their limits authorised by the Acts of 1845. LONDON BANKERS' CLEARING HOUSE WEEKLY RETURNS. The average weekly amount cleared for the year ending 29th December, 1880, based on the foregoing figures, was £109,957,000; whilst the daily average on Stock Exchange settling days for the same period was £47,797,000. Also 4th of the month. ** Also Consols Settling Days. INDEX. PAGE ACCEPTANCES, in case of account overdrawn under arranged limit, see Bills. 503 ACCOMMODATION BILLS, decision (in Bishop v. Fox, Walker & Co.) 55 see Bills. ACTS OF PARLIAMENT Bank Act, 1844. Negotiable Instruments (bills, notes and cheques) Crossed Cheques Act, 1876. question, country cheques presented through London Clearing 252-257 675-676 Poor Law Act, 4 and 5 Wm. IV., cap. 76, cheques of unions are 370, 437 Companies' Clauses (Scotland) Act, 1845 309, 317 Act 16 & 17 Vic., cap. 59, sect. 19, question whether bankers 369 436 Customs and Inland Revenue Act, 1881 (44 Vict., cap. 12) question if under this Act bankers must ascertain if probate Bankruptcy Statutes- statute of Henry VIII. 13 Eliz., cap. 7 . 4th Anne, cap. 17 5th Geo. II. Acts 1806 and 1809 Chronological Table and Index of the Statutes," notice of ADVANCES, to executor, the case of Child v. Thorley by bankers on real property in Victoria ASSOCIATES (Institute of Bankers), list of ATTACHMENT, Foreign, (in the Mayor and Aldermen of London r. London Joint Stock Bank) PAGE 347 561 565 171-177 508, 510-534 AUSTRALASIAN BANK RETURNS 685 BABBAGE (C.) on clearing returns BACON, and the Baconian philosophy, what both have done for BALANCE-SHEET (Institute's, to 31st Dec., 1880) BANKERS, Association of English Country, their letter to Mr. Glad- country, decision (in West of England and South Wales District 649 343-347 430,431 43-50 in Victoria, advances on real property by country (see Barnett) BANKING, effect of its development upon the circulation of the Victorian, considered in relation to national development see Statistics. see Acts of Parliament, Bills (Parliament). BANKRUPTCY, proof in, re bills of Exchange-decision (in Bishop v. Fox, Walker & Co.) proof of accommodation bill (security), decision (in ex parte case of sureties for debts due to bankers BANKRUPTCY LAWS, effect of their introduction into India BANKRUPTCY RETURNS, 1880, extracts from the General Report of the Comptroller BANKRUPTCY REFORM, action of the Institute in memorial of the Institute to Right Hon. W. E. Gladstone 397-402 614-515 251 412-414 73 250-251 342-362 55 252-257 451-461 561 (419-420 490-499 38-39 39-41 43-50 suggestions of the Council of the Incorporated Law Society new bankruptcy bill, outline given by Mr. Chamberlain . Lord Cairns's Bill Notes on a Bill to amend the Law relating to Bankruptcy (see Discussion on above (see Lubbock, Morley, Martin, McKewan, the fourteen resolutions adopted by the Association of Chambers PAGE BANKRUPTCY REFORM-continued. Letter of the Council to President of Board of Trade Outline of Bankruptcy Legislation during present century, 435-436 &c. (see Steel) resolution of Association of Chamber of Commerce 549-565 letter from Mr. John Smith to Times see Acts of Parliament, Bills (Parliament). BANKS, issuing and non-issuing compared. as represented on the Institute's register of members. Cotton-brokers (Liverpool) 75 213, 234 239 414 685 483 (509, 536- 307-317 Indian Presidency, their analogy to Bank of England ference) to issue notes upon silver. BANK OF ENGLAND, proposal (International Monetary Con- Suffell v. Bank of England "Law Courts Branch" see Statistics (Weekly Returns). BANK OF SCOTLAND. ROYAL BANK OF SCOTLAND BRITISH LINEN COMPANY. BANK OF FRANCE, see Statistics (Weekly Returns). IMPERIAL BANK OF GERMANY, see Statistics (Weekly Returns). BARNARD (G.E.) The Government Bankruptcy Bill. (Discussion) Debtor's statement of assets and liabilities. Custody of funds: paymaster-general Statement of accounts to be rendered during liquidation Sir R. Temple's Address on Indian finance. (Discussion) Danger of counterfeiting . BARNETT, R. W. The Effect of the Development of Banking Facilities upon the Circulation of the Country. [Prize Essay] Paucity of information prior to 1810 73-102 74 74 75 75-76 Cheque systen 76-83 Cheques prior to 1858, distinguished from drafts on demand; not 76 Stamp duty prior to 1851-on bills of exchange, drafts and pro- 76-77 since 1851, examined as evidence of circulation 77-78 Bankers formerly discouraged frequent drawing. In 1854, dratts for less than 20s. became legal Average amounts of cheques passing through country clearing Comparative list of banks, showing number of branches with dividend 73 78 78 79 79 Country cheque clearing, its effect in increasing the use of cheques 80 amount estimated. 80 Cheques, contrasted with notes. 81-83 Daily balances at London clearing-house first settled by drafts in |