The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-23
TON OF THE BANK OF ENoLAND.

Actual erculatn faoNo,7se ao2,s5o lssss.s5 1slsso
The actual circulation has not fallen OF much while
there has been very great decrease in the amount Of
bullion. Since December 26h the circulation has de-.
creased El46,4lo. and the bullion ca 9ss, sos. It
will be perceived that the amount Of the 9Oh
OF February was 60 sos less than the 26h Of De-
csmber which corresponds with the falling OF in the
moun Of bullion, but the actual circulation has been
sustained by reduction in the amount Of hand,
II having been reduced from fssls675 to 45 S25,
from December 26th to February 90 The Bank could
maintain the actual circulation Of February goth, with
only 80 4sl s40 in bullion; this gives margin for q fur
Their drain OF f6976 626, amount about double that
drawn from the Bank, within the two months previous
to the Goth of February circulation of ETA 900 600
can always be maintained in the event of every
pound Of bullion being withdrawn that amount of il
sues is based upon securities Is impos
sble to fsresee the result Of any great crisis the money
market likely to grow out of a steady drain Of bullion,
but the bank according to the latest returns appears to
be in position calculated to give confidence to all
classes
The returns of cir culaon of the Irish and Scotch
banks for the four weeks ending the soth of January
last when added together give the following a. the
average weekly circulation Of these banks during that
month -
Average circulation Of the Irish banks s7aSs 49s
Average circulation of the Scotch banks , a6OS ESQ
Total circulation Of these banks during the
Pas' moh'n. El0,663 25o
On comparing those with the returns for the
month ending the I'd January last there appears to have
been
A. decrease In the circulation of the Irish
A decrease in the circulation Of the Scotch @''''''
bankso ....... lss,s2l
Total decrease during the past month. =. f43o 800
And compared with the corresponding period of last
year-viz, the slst of January, 1915, it shows
decrease In the circulation of the Irish
An increase in the circulation Of the Scotch
banks Of. .......... 1906
Total increase on the year. ........ f27O $50
On comparing the above with the fixed issues of the
several banks, 1t appears that
The Irish banks above their fixed ISSUE f0O4 os9
The Scotch banks above their Fixed issue SIG o3l
Total above the fixed issue. .. El42lsss
This excess of circulation based on the amounts of
gold and silver held by the several banks which during
the month Of January appears have been as follows
COG ana silver ned oy the Irish banks e. 3ss 2s6
ood ana SILVER held by the Scotch banks. l,845 s57
TOTAL oil gold and silver. ....... fs72oO93
Being decrease of Sa24 ITO on the part of the Irish
banks and OF EssSso the part Of the Scotch banks
from the several amounts held by them during the month
Of December.
The stock held by the banks on the so,h Of
January would allow Of their Issuing to the extent of
ca 307 $40 above the amount of notes in circulation in
Ireland and Scotland.
Tie comparative circulation of notes for above and
under fS each during the month Of January has been A.
follows:-