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showing that the note was indorsed by the plaintiff without any consideration, and the indorsement was in fact for the accommodation of the defendant; therefore, all objection on the ground of circuity of action is destroyed. It has been contended that the only evidence of a consideration was the defendant's promise to become a surety for her son, and that as this promise was not in writing the indorsement was not binding upon the defendant. But the plaintiffs are not suing upon a guarantee : the case is not within either the words or the spirit of the Statute of Frauds, 8. 4. Moreover, verbal evidence of the consideration was admitted, and the complaint ought to have been made to the High Court; but the objection was not sustainable, and the defendant has in truth lost nothing by the omission to apply to that tribunal. It has been contended that the cases which support the contention for the plaintiffs were wrongly decided, and that the law as laid down in Britten v. Webb (1), must in all cases be applied. But it seems to me that Britten v. Webb is quite distinguishable from the decisions which support the contention for the plaintiffs. It has been argued that Steele v. McKinlay (2) shows that when all the facts are proved at the trial, it becomes necessary to give evidence of an agreement in writing; it seems to me that the case has nothing to do with tho present. It was there held that the mere fact of a person writing his name on the back of a bill does not make him acceptor, when the names of other parties appear as acceptors. This point does not affect the question before us. When this case was tried before Bowen, J., he acted upon the principles of the law merchant, and I am of opinion that his judgment was quite right.

Judgment affirmed. Solicitors for plaintiffs : G. & W. Webb. Solicitors for defendant: W. Moon.

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WEEKLY RETURNS.

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£
£ £

£ 35,626 35,311 | 35,197 35,152 | 35,368

11,015 11,015 11,015 11,015 11,015 4,735 4,735 4,735 4,735 4,735 19,876 19,561 | 19,447 19,402 19,618

35,626 35,311 35,197 35,152 35,368

14,553 14,553 14,553 14,553 14,553 3,102 3,114 3,182 3,346 3,384 6,581 6,318 6,266 4,300 3,942 22,405 24,231 24,851 24,738 24,613 204 173

244 242

227

46,845 48,389

49,079 | 47,181 46,734

13,244 | 13,244 13,237 22,324 24,589 26,004 10,402 9,801 9,036

875 755 802

14,812 13,662 22,294 22,216 9,216 9,925

859 931

46,845 | 48,383

49,079 47,181 46,734

25,224 | 25,511 11,277 | 10,556

38.63

26,161 25,937 25,443

9,838 10,075 10,856 31.38 31:40 37.70 5% 5 5%

34:35

5%

5%

BANK OF ENGLAND. ISSUE DEPARTMENT.

Notes issued

38,177

Government debt ......
Other securities
Gold coin and bullion

11,015

3,985 23,177

$3,177

14,553

BANKING DEPARTMENT.

LIABILITIES.
Proprietors' capital
Rest
Public deposits
Other deposits
Seven day and other bills

4,664 24,973

Total

47,784

Assets.
Government securities..
Other securities
Notes
Gold and silver coin,

14,353 20,517 11,812 1,102

Total

47,784

Notes in the bands of the public
Reserve ...
Proportion of reserve to liabilities

(per cent.)

26,565 12,914

43.17

Rate of discount

Dec. 22. Dec. 29.

Jan, 5.

Jan. 12. Jan, 19.

1881. Jan, 90,

25.243 | 25.213

25.20

25.22

23.223

25-333

RATES OF EXCHANGE ON

LONDON. Paris, cheque

(par £1=25f. 221 c.) Berlin, 8 days,

(par £1=20 m. 43 pf.).. New York, 60 days—

(par £1=$4.867) Calcutta, 4 m/d

(per rupee)

20:39

20:38

20:40

20:42

20:42

20-42

4.81

4.794 4.793 4.79% 4.81 4.82 1s. 81':d. 13.8 d. 18. 83. 1s. 83d. 1s. 8fd.

1s. 7110.

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BANK OF FRANCE. (Converting the franc at 25 to the £) LIABILITIES.

£

£ £ Public deposits

14,582 15,260 13,142 12,386 12,799 Private deposits

21,407 20,109 20,335 20,147 22,030 Notes in circulation

109,012 111,137 115,277 115,412 114,225 Other items

12,479 12,528 12,818 12,356 12,132

4,186 16,932 101,794 11,939

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Dec. 21. Dec. 28.

Jan. 4. Jan. il. Jan. 18.

1881. ) Jan, 19.

MISCELLANEOUS.
Clearing-house returns
Average price of wheat
Price of consols
Bar silver fine per oz. standard
3% French Rentes

149,917 85,666 159,719 119,391 150,436 156,622
44s. 98. 44s. 4d. 44s. 3d. 44s. 9d. 459.50. 423. 1d.
991 994 100 1001

1003

981 51] 513

52d.

5215 51% 514 83:75 83.85 84.5 84.20 82.75 84:25

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