OF THE

INSTITUTE OF BANKERS.

92977

(founded 1879.)

VOL. III.—YEARS 1881-82.

LONDON:
WATERLOW AND SONS LIMITED, LONDON WALL, E.C.

1882.

NOTICE.

The Council of the Institute of Bankers desire it to be distinctly understood that Authors alone are responsible for the contents of their papers, both as to matters of fact and of opinion, and, also, that the Institute accepts no responsibility for the opinions which may be expresked in the various discussions.

The Institute of Bankers.

FOUNDED 1879.

Presideat.
SIR JOHN LUBBOCK, BART., M.P., F.R.S., D.C.L., LL.D.

Vice-Presidents.
R. C. L. BEVAN, ESQ.

SIR CHARLES II, MILLS, BART., M.P. W. BECKETT DENISON, ESQ.

R. H. INGLIS I'ALGRAVE, ESQ. DONALD LARNACH, Esq.

R. B. WADE, Esq. SAMPSON S. LLOYD, ESQ.

SIR SYDNEY H. WATERLOW, BART., M.P.

Trustees.
SIR JOHN LUBBOCK, BART., M.P.
RICHARD B. MARTIN, ESQ., M.P.
GEORGE RAE, ESQ.

Treasurer.
RICHARD B. MARTIN, Esq., M.P.

Council.
H. F. BILLINGHURST.. .. .. London and Westminster Bank, Limited.
JOHN H. BUTT ..

Australian Joint Stock Bank.
CHARLES CHAMBERS

Provincial Bank of Ireland. HAMMOND CHUBB ..

Bank of England.
ROBERT DAVIDSON ...

Bank of Scotland.
JOHN DUN .. .. .. .. .. Parr's Banking Company, Limited.
R. N. FOWLER, M.P. ..

Merers. Dimsdale & Co.
J. HOWARD GWYTHER

(hartered Bank of India, Australia and China. LUKE HANSARD.. .

Messrs. Martin & Co. WILLIAM HOWARD ..

London and County Banking Co., Limited. A. G. KENNEDY .

City Bank, Limited. W. C. MULLINS ....

Chartered Bank of India, Australia and China. W. F. NARRAWAY ...

London Joint Stock Bank. CHARLES T. PRAED ..

Messrs. Praeds & Co. F. G. HILTON PRICE..

Messrs. Child & Co. T. G. ROBINSON .. ..

National Provincial Bank of England, Limited. HON. H. D. RYDER

Messrs. Coutts & Co. ROBERT SLATER..

Union Bank of London.
JERVOISE SMITH .. ..

Messrs. Smith, Payne & Smiths.
A. A. DE L. STRICKLAND.. .. Messrs. Hoare.
H. L. TAYLOR.. .. ..

Bank of Victoria.
J. HERBERT TRITTON

Messrs. Barclay & Co.
T. R. WILKINSON.. .. .. .. Manchester and Salford Bank, Manchester.
ROBERT WILLIAMS, JUN. .. Messrs. Williams, Deacon & Co.

Honorary Secretaries.
JOHN H. BUTT .. .. .. .. Australian Joint Stock Bank.
L. HANSARD .. .. .. .. .. Messrs. Martin & Co.

Bankers.
MESERS. MARTIN & Co., 68, Lombard Street.

Solicitors.
MESBRS. JANSON, COBB & PEARSON, 41, Finsbury Circus, E.C.

Secretary.
W. TALBOT AGAR.

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Offices.

11 & 12, CLEMENT'S LANE, LOMBARD STREET, E.C.