tendency, so far as bankers' figures in the aggregate are
concerned, for some rather wide variations in the matter of deposits, and for the most part the tendency has been in the downward direction. The Current Accounts of Messrs. Glyns, however, are within about £100,000 of last year's figures at just under 17 millions, while the Deposits Accounts which now stand at £9,780,000 have risen during the year by £660,000. The balance-sheet is also a very liquid one, the cash and Bank of England balance representing about 19 per cent. of the liability on current and deposit accounts. Moreover, money at call and short notice represents a proportion of nearly 80 per cent. British Government Securities stand at just over 8 millions, and nowadays the tendency in all the bankers' balance-sheets is for these Government Securities to be of a comparatively short-dated character. A. W. K.
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