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TIDE TABLE.

" :It may-not have been noticed by everybody- that the coin and bullion in the Bank 1 bf England actually exceed at.this moment r the notes f in circulation, the total of the' * 'former being: stated in the.- last return; at, £31,863,922, and that of the latter at £29,§58>125\ M There,is the full amount of, gold against every notei 1 arid a balance^ to. B^!^ Uas never been '■paralielejii r " and,,'spe.ak^ eloquently of the , staignation of business. .Apart from this consideration, it, also means waste, .thpu.gh, waste which, appa-rently,-cannot be avoided ;. for there is no 1 need to have thfe entire note issue thus, - covered'by gold, and, in so far as v gold is held in obvious excess of what can-jbyiwiy possibility be found necessary, there is a, loss of interest on the balance. The notes can never come in for gold, for the com- "" jnuriityjcannot possibly do without them.. As the position, is,' credit—the Gredit of .the Bank of England-rgoes for nothing, not being called into requisition, for there is the gold itself, as every noteholdar "can see; for hintsfclf..; And goldrpinert goldyields nothing, no more than if it. were so f .much lead or sand, .except thpt'in this instance it has a vitality atid' power of usefulness given to it through its circulating from hand to hand in business in its representative form of paper.*—Financier.

Tin*. \w. May-'Jtob. j Morn, ii'voii. Jtlßcs Set. I K.Jf. }1.5f. H.M. IT.M. 26-Vlunday .. | 10. 6 10.25 ,7. 3 4.50 27-Tueßdny ... i 10.47 11. 9 7. 4 4.50 *'- 28-W rcdno«day:.. I lUSB 11.57 7. 5 449 29-riiwfld»y ... I 0.15J 029 7.6 4.49 80-Friday ... | 0.54 1.28 |7. 7 4.48 31-3*t urd.iy ... | 2. 7 I 2.50 7. 8 4.47 l-Smulrtv ' ... | 330 ' 4.15 17. 8 4.47' Moon's First. Quarter—29th, 11.16 a.m.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/THS18790527.2.6

Bibliographic details
Ngā taipitopito pukapuka

Thames Star, Volume X, Issue 3204, 27 May 1879, Page 2

Word count
Tapeke kupu
296

TIDE TABLE. Thames Star, Volume X, Issue 3204, 27 May 1879, Page 2

TIDE TABLE. Thames Star, Volume X, Issue 3204, 27 May 1879, Page 2

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