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INDEX

Acceptance Credits, 112 seq., 153, 230-2, Bankers' Acceptances, 153 245 seq., 262 seq. volume, 168 seq. decline in, 180-2 Bankers' Industrial Development Co., foreign, 179,208-12 288, 299-300 (tables), 241 seq., Banking, early history, 2 seq. 262 seq. present structure, 14 seq. volume, 32 n. 2, Banque de Paris, 240 68 seq., 172-4 Barclays Bank, 1,8, I I, 17,20,40, 59 n. 3, Acceptance Houses, balance sheets, 313-4 65 n. I, 70,84,91,98-100,114,114 information, 246 (inset table), 116, 132, 240; see also statistics, 309 seq. Big Five (for comparative statistics) Acceptance Rates, 245 Baring Bros., I n. I, 14, 114 (inset table), Advances, 31, 74 seq. 150, 173, 229, 232, 235, 247, 258, classification, 84-5 262 n. 4, 263 n. 2, 311 medium term, 82-3 Belfast Banking Co., I I, 1I8 policy, 20-1 Benson, Robert, & Co., 256, 258-9 ratio to deposits, 68, 72 n. 3, 79 Big Five (comparative statistics), ac- Agricultural Credit, 76-7,84-5 ceptances, I 71 Mortgage Corporation, 76, advances, 76 287 agricultural credit, 76-7 Alexander's Discount Co., 24,143 (table), capital structure, 98-9 144-5 cash ratio, 40, 48 Amalgamations, 6 seq. directorships, 23 Anglo-Egyptian Bank, 114,238 dividends, 107 French Banking Corporation, 244 investment ratios, 71 n. 1,265 loans, 19-20 International Bank, 265 making-up days, 45 I talian Bank, 244 profits, 106 Palestine Bank, 239 ratio of advances to deposits, 79- South American Bank, 239, 265, 267 80 Armstrong & Co., 113 resources and liabilities, 102 Assets, 33 seq., 195 seq. value of buildings, 86 Australian Banks, 240 Bills, availability, 166 decline in London, 177 seq. Baker Duncombe & Co., 139, 184 eligibility, 122 seq. Balance Sheets, publication, 27 holdings, 57 seq., 73 n. 2, 208-12 Banca Italo-Brittanica, 115 (tables) Bank of Adelaide, 240 rediscounting, 60-1, 147 Australasia, 114, 238 supply, 73, 148 seq. British West Mrica, 91,114,239 trade, 132, 157~0, 164-5 International Settlement, 177 volume, 165 seq., 188, Ig8 Liverpool and Martins, 11-12, see also Discount Market, Treasury 18, 114 (inset table) Bills London and S. America, gl, 114, Bills of Exchange, 153 seq., 181-2 239,267 Birmingham and Midland Bank, 16 New South Wales, 114,240 Municipal Bank, 12 New Zealand, 240 Old Bank, 6, 17 Scotland, 117 Blydenstein & Co., 14, 139 n. 4, 184 Whitehaven, 1I4 (inset table) Bonbright, W. P. & Co., 139 Bank Premises, 86-7 Bradford District & Co., 114 (inset table) Bank Rate, 119 n. I, 129 seq., 138 Brandt, W., 165

INDEX

British and Continental Banking Co., Cox & Co., 11-12, 17, 114 244 n. I Credit curtailment, 80-1 Bank of Northern Commerce, 236 Credit for Industry Ltd., 301 Bank of S. America, 239-40 Credit Industriel et Commercial, 240 Italian Banking Corporation, 115 Credit Lyonnais, 240 Linen Bank, I I, 117 Credito Italiano, 115 Mutual Banking Co., 14, 114 Crisis of 1931, 261 seq. (inset table) Crompton & Evans Union, 114 (inset table) Overseas Bank, II2, 244, 265 n. I, Current Accounts, 88-91, 94 266 Trade Corporation, 302 n. 3 Dawnay, Day & Co., 258-9 Brocklebank, Hoare & Brown, 139 Day to Day money, 125 seq. Brokerage services, 109-10 interest, 130 Brown, Shipley & Co., 237, 258-9 Deposit Accounts, 88-9 Building Societies, 298 Depositors' facilities, 109 Deposits, 87 seq., 208-12 (tables) Call Money, 55 n. 1,56 seq., 197 (table) as assets, 94-5 Canadian Banks, 240 foreign, 95 seq., 247-8 Capital, bank, 98-99 (tables), 100 seq. interest on, 14 issues, 110-12, 274 seq., 290 seq. ratio to capital, 201 - cost of, 293-7 safety of, 103-5 - see also Foreign issues Deutsche Bank, 240 Capital and Counties Bank, 9, 17, o!I4 Dingley & Co., 12, 18 (inset table) Dingley Pearse & Co., 12, 18 Cash Ratio, 28, 34 seq., 68 n. 3 Directorships, 22-4 - Reserves, 37 seq. Disconto Gesellschaft, 240 Central Bank of London, 16 Discount Houses, 139 seq. Chartered Bank of India, 114, 239 balance sheets, 143-5 Charterhouse Industrial Development capital, 143 Co., 290 n. 2, 302 policy, 140-7 Investment Trust, 260 n. I, Discount Market, II9 seq. 290 ,302 structure, 139 seq. Child & Co., 11-12 volume of, 182 seq. China and silver market, 223-4 Discount Market Syndicate, 136 seq., Circulation, velocity of, 93 203 seq. City Bank, 16 Discounts, 63 seq. - of Glasgow Bank, 6 District Bank, 12, 18,91,98-9, II6, 171 Civil Service Bank, 114 (inset table) (table) Clearing, bankers', 92 seq. Dividend distribution, 107 Clearing Banks Committee, 25 Dollar Parity, 215-18, 221 Clydesdale Bank, 11,91,117 Dresdner Bank, 240 Collateral security, 128 Colonial Government Bills, 150 Eastern Bank, 239 Commercial Bank of Australia, 240 Ellis Bates & Co., 91 - Scotland, II 7 English, Scottish and Australian Char Banking Co. of Sydney, tered Bank, 238 240 Equitable Bank, II, 1 14 (inset table) Commonwealth Bank of Australia, 240 Erlangers, 173, 236-7, 247, 258-9, 266, Comptoir National d'Escompte de Paris, 311- 1 2 240 Exchange Banks, 239 Co-operation between banks, 24-6 Control, 268 seq. Co-operative Wholesale Society, 12,91 Equalisation Account, 42 n. 3, County Bank, 18 55, 96 n. I, 176 n. I, 194-5, Coutts & Co., I n. I, II, 18,91, 114 (inset 204-5,214,216,218,221 seq., table) 268 n. I, 271

INDEX

Export and Import Bank (U.S.A.), Hambros Bank, 150, 165, 173, 232, 236, 26 7 247, 257, 259, 311- 12 Export Credits Guarantee Department, Helbert Wagg & Co., 257-9 160-4, 176, 243 seq., 246 n. 2, 266, Higginson & Co., 229, 258-9 287 n. 7, 302 n. 3 Hill, P. H., & Partners, 236, 258, 289 Hire Purchase Bills, 158 seq. Fairfax & Co., 139 Hoare's Bank, 11-12, 16,91 Falk, O. T., & Co., 258-9 Holt & Co., 12 Finance Companies, 25g-60 Hong Kong and Shanghai Banking Fine Trade Bills, 157 seq. Corporation, 239 Fixtures, 125 seq. Hope & Co., 229, 235 Fleming, Robert, & Co., 256, 258 Huth & Co., 265 n. I Floaters, 120, 128 Floating Debt, 63, 72, 191 seq. Imperial Bank of India, 239 Foreign acceptances, 179,208-12 (tables) Persia, 239 241 seq., 262 seq. India and silver market, 226 affiliation, 113-15 Industry, banks and, 274-5 agency bills, 157 Institute of Bankers, 26 n. 2 banks, 239-41 Interest Arbitrage, 96-7 deposits, 95 seq., 233-4, 247-8 Rates, 90-1, 129 seq. domicile bills, 165 International Acceptances, see Foreign exchange, 62-3, 112, 234 Acceptances Exchange Dealers Committee, International Bank for Reconstruction 26 and Development, 273 n. I funds in London, 96 n. I, 97 International Business, 112-15, 237 seq., government bills, 150 seq. 244, 262 seq. government loans, 232-4 Investment advice, 234 seq. issues, 248 seq., 268 seq., 281 Investments, 70-4, 256 seq., 276 seq. Loans Advisory Committee, 26 Ionian Bank, 239 Transactions Advisory Com- Isle of Man Bank, 16, 114 (inset table) mittee, 271 Fox, Fowler & Co., 17 Japhet & Co., 14, 173, 244 n. 2, 258-9 French Banking Policy, 62, 101, 267 Jessel Toynbee & Co., 139, 165 banks, 240 Jewish Colonial Trust, 239 government bills, 149 n. 4 Jobbing, 124 seq. Johnston, Matthey & Co., 214 German Banks, 240, 244 Joint-Stock Banking, 2 seq. municipal bills, 150, 156-7 Jones & Brown, 138 n. I Gillett Bros., 145 Jones, Loyd & Co., 6 n. 2 Glyn, Mills & Co., I n. I, II-I2, 91, II4 (inset table), 226, 30g-IO, 31 I Keyser & Co., 137 n. 2 Gold Market, 213 seq. King & Co., 12, 17, !I4 Goschens & Cunliffe, 257, 259 King & Foa, 139 Grace Bros., 173,257 King & Shaxon, 138 n. I Grindlay & Co., II, 16, 18,91, II4 Kleinwort, Sons & Co., 237, 258 Guernsey Banking Co., 18 Guernsey Commercial Banking Co., 18, Lancashire and Yorkshire Bank, 8 n. 3, 114 (inset table) 11-12, 114 (inset table) Guinness, Mahon & Co., 257, 259 Lazard Bros., 232, 236-7, 245 n. 2, 257 Gunner & Co., 11-12, 16, 91 n. 3, 258-9, 3 I I Liabilities, 87 seq. Halifax Commercial Banking Co., 114 ratio to resources, 101-5 (inset table) Lincoln and Lindsey Banking Co., 114 District Permanent Banking Co., (inset table) 114 (inset table) Lloyds & Co., 6, 17

INDEX

L10yds Bank, 1,5 n. 2, 6, 8 n. 3, 9, I 1,17, Middlesex Banking Co., 114 (inset table) 19 n. 2, 20, 23, 28, 32, 40, 59 n. 3, Midland Bank, 5 n. 2, II, 13, 15-17, 62 n. 4, 65 n. 1,70,82,84,86,89,91, 19 n. 2, 20, 22 n. 4, 24, 32, 38, 98-100, 101 n. I, 1I3, 114 (inset 39 n. 2, 40, 43, 44, 55 n. I, 59 n. 3, table), 114-16, 169, 170, 198, 239, 62 n. 4, 64-5, 85-6, 89, 91, 98-g, 112, 267; see also Big Five (for compara 116,124,132,147, 154 n. 4,164 n. 2, tive statistics) 169,170,198,241,253, 254n. 1,272; Loans, see Advances see also Big Five (for comparative Local Authorities Bills, 150 seq. s ta tis tics ) London and Brazilian Bank, 114 n. 1,239 Mocatta and Goldsmid, 214, 222 County Banking Co., 2-3 Moilliet & Son, I 7 Eastern Trade Bank, 244 n.1 Money Market, see Discount Market Hanseatic Bank, 114 (inset Montagu, S., & Co., 214, 222, 236-7 table) Monthly Statements, 28 seq. Liverpool Bank of Com Morgan, Grenfell & Co., 237, 258-g, 31I merce, 114 (inset table) Municipal Corporation Bills, 149-50 Provincial Bank, 5 n. 2, 114 (inset table) National Bank, I 1,32,91, 132 n. 2 River Plate Bank, 114 n. I National Bank of Australasia, 240 South-Western Bank, 114 Australia, 114 (inset table) China, 241 Westminster Bank, 2, 6 n. 2 Egypt, 114, 239-40 London Bullion Market, 213 seq. India, 239 London City and Midland Bank, I, 16, New Zealand, 114, 238 101,114 (inset table) Scotland, I I, I 17 London Clearing House, 92-3 South Africa, 114, 238 London County and Westminster Bank, National Discount Co., 127, 143 (table), I n. 2, 9, 114 (inset 144-5 table) National Provincial Bank, I n. 2, 8 n. 2, Westminster and 9, 1 I, 16, 18, 19 n. 2, 20, 24, 59 n. 3, Parrs Bank, I 1 91, 98-g, II 4, 1I4 (inset table), 1I6; London Joint City and Midland Bank, see also Big Five (for comparative 9, I I, 44, 10 I statistics) - Stock Bank, 2, 9, 16, 112, National Provincial Foreign Bank, 114 I 14 (inset table) Nicholson & Co., 258 London Merchant Bank, 14, 173 Night Money, 127 London Money Market, 182 seq., 190 North of Scotland Bank, II, II 7 Passenger Transport Board, 303 Northamptonshire Union Bank, 18, 114 London Provincial and S. Western Bank, (inset table) 17, 114 n. 2 North-Eastern Banking Co., 114 (inset Lyon & Tucker, 139 table) Northern Bank, 1I8 McGrigor & Co., 12 Northern Ireland Bills, 152 Making-up Day, 47 seq. Nottingham and Nottinghamshire Bank Management, 19 seq. ing Co., 17, 1I4 (inset table) Manchester and County Bank, 5 n. 2, 11-12, 114 (inset table) Ottoman Bank, 239 Liverpool District Bank, Overdrafts, see Advances 8n. 3, 12,114 (inset table) Martins Bank, 18, 70, 91, 98-9, 116, 169, P. & O. Banking Corporation, 114 171, 114 (inset table) Palatine Bank, 114 (inset table) Mercantile Bank of the River Plate, 239 Parrs Bank, 5 n. 2, 8 n. 3, 9, 17, 1I4 (inset Merchant Banking Co., 265 table) Metropolitan Bank, 1I4 (inset table) Phillips, W. A., & Partners, 258 Metropolitan Clearing, 93 Pixley & Abell, 214, 222

INDEX Prime Bank Bills, 153-7 Stilwell & Sons, 17 Private Banking Houses, 227 seq. Stock Exchange, loans to, 57 seq. - Discount Houses, 145 seq. Profits, 105-8, 278-9 Thomas, Richard, & Co., 82, IIO n. 3, Prudential Assurance Co., 16, 265 n. I, 300 30 2 Till Money, 41 seq., 52 n. 3 Town Clearing, g2 Queensland National Bank, 240 Trade and Deposit Bank, 267 Trade Facilities Act, 303 Railroad Finance Co., 304 Treasury Bill Rate, 200 seq. Reeves, Whitburn & Co., I39 Bills, 50-I, 59 seq., 134-5, 137, Reimbursement Credits, 153-4 I 48-9, 174 seq., 188, Ig2 Reserves, hidden, 102-3 seq., Ig8 seq. Richards & Co., 18 - supply of, 200 seq. Rothschild & Co., 150, 213, 218, 22g, Trustee Business, I 10 232, 235, 31 I Royal Bank of Ireland, gI Ulster Bank, I I, 118 Scotland, II, 18, 117, Underwriting Issues, 2g0-I 226 n. I, 309 n. 4 Union Bank, 2 Ruffer & Sons, 173 Union Bank of Australia, 238 Running Brokers, 147 seq. Manchester, 11-12, gI, Russian Bank for Foreign Trade, 240 100, 114 (inset table) Scotland, II 7, 265 n. I Salaries, 107-8 Union Discount Co., 127, 143, 144-5, Samuel, M., & Co., 258-9, 266 Igo n. I Schroder, J. Henry & Co., 150,236,244 Union of London and Smith'sBank,g-Io, n. 2, 257-8, 31 I 18, 114 (inset table) Leadenhall Trust, 28g, 302 n. 2 United Counties Bank, 114 (inset table) Seccombe Marshall & Campion, I39, 147 United Dominions Trust, I58-9, 301-2 Secondary Liquidity Reserve, 56 seq. United Nations Monetary and Financial Securities, investment in, 71-4 Conference, 273 n. I Securities Management Trust, 299-300 U.S.A., banking policy, 62, 101, 104 n. I, Seligman Bros, 258 2 67 Services, bankers', 108 seq. silver policy, 225--6 Sharps & Wilkins, 214, 222 Sheffield and Hallam Bank, I 14 (inset table) Ways and Means Advances, 51-2, 63-4, Banking Co., 18, 114 (inset table) IgI-3 Shilson Coode & Co., 18 West Yorkshire Bank, 17, II4 (inset table) Shipbuilding Bills, 158 Westminster Bank, II, 16 n. 3, 17-18, Short-term Government securities, 128 Ig n. 2, 20, 23, 60, gI, g8- loans, 60 seq., 126 100, 114, II6, 132; see also Silver Market, 222--6 Big Five (for comparative Smith, St Aubyn & Co., 138 n. I, I39 statistics) Societe Generale, 240 Foreign Bank, 114 South American Bank, 114 n. I White & Shaxon, I39 South American trade, 239-40 Whitehall Trust, 236, 28g South Russia Banking Agency, 115 Williams Deacon's Bank, II, gI, II4 (in Special Areas Fund, 304--6 set table), 265 n. I Reconstruction Associa Wilts. and Dorset Banking Co., 114 (inset tion, 305 table) Staff,2I-2 Window Dressing, 45 seq., 68 Standard Bank of S. Africa, 114, 238 Standstill Agreement, 156, 1/63-4 Yokohama Specie Bank, 241 Stewart & Lloyds, 82, 301 Yorkshire Penny Bank, 12, gI