The Sun.
London, England, 1844-03-25 00:00:00

BANK OF ENGLAND NOTES.

A Sessional Paper (No. 95) ordered by the House of
Commons to be printed on the 11th instant, and entitled
" Bank of England—Rink of England Notes," has just
been issued from the Vote-office. Of the first of the
returns which it comprises (moved for by Mr. William
Williams), it is not possible, on account of its exceed-
ingly voluminous details, to present the reader with any
but a very general abstract. It is—(I.) "An Account
of the Notes of the Bank of England in Circulation,
distinguishing that of the Branch Banks from that in
London; of the Amount of all Deposits, distinguishing
Public from Private; of the Amount of all Securities
held by the Bank, distinguishing Public from Private,
and distinguishing Private into the heads of Bills and
Notes discounted, and others; and of the Amount of
Bullion in the Bank at the close of the business in every
week, from the 7th day of July, 1841, to the present
time." The return is made out form each week in this
form, viz. :

WEEK ENDING JULY 7, 1840.

Bank-notes in circulation.

London .
Branches

12,356,000
4,039,000

X 16,445,000

Deposits—Public
Private 3,680,000
Balance

14,291,000
2,851,000

£33,587,000

Securities—
Public ~
Private, viz.:—
Discounted Bills .£3,992,000
Other Credits 6,437,000

18,485,000

10,429,000

28,914,000
Bullion

£33,587,000
The lowest and highest weekly average on all these
items, collectively, appears to have been:—

In the
year

For the week
ending

Highest.
33,587,000 November 24
34,266,000 March 23
35,184,000 March 22....
38,199,000 June 17
41,112,000 March 2

For the week
ending

1840
1841
1842
1843
1844

July 7
July 6
July 9
July 8*
January 6

Lowest.

24,329,000
25,172,000
26,292,000
30,512,000
36,771,000

* In the week preceding, ending July 1, this amount was
only 31,848,000/.
The amount of bullion in the cellars of the Bank did
not vary exactly in the proportion of the aggregate in-
crease or diminution of circulation and deposits, at the
above periods. The highest and lowest stocks of bullion
returned in each of the same years were, respectively, as
under, viz. :
BULLION IN THE BANK OF ENGLAND.

In the
year

1840
1841
1842
1843
1844

For the week Hig •hest. For the week
ending ending
July 7 4,673,000 October 27...
December 28 5,696,000 January 19...
December 24 11,129,000 January 18...
December 31 14,982,11 I January 14...
March 2 16,162,i January 6 ...

Lowest.

3,004,000
3,904,000
5,465,000
10,832,000*
15,271,000 f

* The advance on the amount of weekly bullion in store at
the Bank of England was almost uninterruptedly continuous
throughout this year, from upwards of five to upwards of eleven
millions.
fi The same remark applies, to an almost equal extent,
throughout these two years (up to March 2, 1844), the Bank
gradually increasing their bullion store from between tel and
eleven to upwards of sixteen millions.
No. 11. " The Number of Country Bankers who act
with Bank of England Notes exclusively, having fixed
Amounts assigned ; the Total Amount of the CrediE ;
and the Rate at which they Discount."—(Moved for by
Mr. Charles Wood.)—ln continuation :of Appendix
No. 2 of the Report from the Committee of Banks of
Issue, June 15, 1841: