100 



not include the Bank of England, the Westminster Bankers, 

 the Joint Stock Banking Companies, Gurney's, and other 

 large and known sources, through which commercial trans- 

 actions are negotiated and met, I have added, on what is 

 considered a moderate assumption, 622 millions, making on 

 the whole, the above total of J 600 millions. 



Barclay and Co £107,000,000 



Glynn and Co 105,000,000 



Jones, Lloyd and Co 104,000,000 



Masterman and Co 90,000,000 



Robarts and Co 80,580,000 



Smith, Payne and Co 64,000,000 



Williams and Co 56,000,000 



Barnett and Co 50,000,000 



Lubbock and Co 33,760,000 



Stone, Martin and Co 33,700,000 



Prescott and Co 30,000,000 



Denison and Co 26,863,000 



Hanbury and Co 24,700,000 



Ladbrooke and Co. 24,000,000 



Willis and Co 20,500,000 



Curries and Co 1 7,500,000 



Spooner and Co . 16,000,000 



Price and Co 15,300,000 



Hankey and Co 1 5,000,000 



Barnard and Co 12,000,000 



Vere and Co 1 0,428,800 



Rogers and Co 9,000,000 



Dorrien and Co 8,000,000 



Fuller and Co 7,500,000 



Brown and Co 7,000,000 



Bosanquet and Co 3,700,000 



Stevenson and Co 3,500,000 



Weston and Co 3,265,000 



Total £978,496,800 



The average duration of Bills of Exchange may be taken 

 at three months, which would make the average amount of 

 such monetary transactions, at all times running, equal (o 

 about 400,000,000. Every increase of 1 per Cent, charged by 

 the Bank of England, — which is universally followed by a 

 corresponding rise in the terms of all other Banking Esta- 

 blishments, — makes a consequent difference of four millions 

 per annum to the trading and commercial interests ; and 

 taking the minimum rate of the Bank of England at 2£ 

 per Cent., if it is raised to 5 per Cent, trade and commerce 



