BANK OF ENGLAND.-WEEKLY RETURN. Pursuant to the Act 7th and 8th Victoria, c. 32 (1844), for Wednesday in each Week, during the THIRD Quarter (July-September) of 1866. [0,000's omitted.] 7 ISSUE DEPARTMENT. COLLATERAL COLUMNS. 1 4 5 Liabilities. Assets. DATES. Capital and Rest. Deposits. Securities, Reserve. Seren Totals of Liabili. ties and Assets, Capital. Rest. Public. Private. Govern. (Wdnsdys.) ment. Other. Notes. Gold and Silver £ £ £ £ £ Ł Mins. Mlns. 11 10,28 29,04 £ £ Mins Mbis. ,73 45,59 ,70 43,12 ,73 41,00 ,82 40,02 ,75 ,66 14,55 3,77 14,55 3,79 14,55 3,82 14,55 3,84 14,55 3,81 3,19 17,74 3,16 17,66 3:35 18,12 3,41 18,76 4,14 | 18,47 ,72 ,,64 ,69 ,61 ,60 Aug. 110,13 26,58 8 10,08 26,16 15 10,71 25,22 22 10,71 24,89 29 10,71 23,94 2,41 ,86 39,97 2,73 ,85 39,81 3,61 ,99 40,55 4,51 10,08 41,19 5,83 1,10 41,58 ,65 14,55 3,99 4,78 | 17,46 | ,64 Sept 511,23 23,22 22,48 5,88 1,10 41,23 ور CIRCULATION.-COUNTRY BANKS. Average Amount of Promissory Notes in Circulation in ENGLAND and WALES 2,13 4,63 Aug. 18 1,51 2,77 4,28 2,65 2,49 5,14 2,16 4,64 FOREIGN EXCHANGES.-Quotations as under, LONDON on Paris, Hamburg & Calcutta; -and New York, Calcutta, Hong Kong & Sydney, on LONDON-with collateral cols. 1866. Agnst. For per 3 m.d. Engd. Eugd. mille. 3 m. d. Engd. Engd. 60 d. s. 60 d,s. 6 m. d. 6 m. s. d. d. d. par. 1391 168 25 55 .3 24 26 dis 614 AGRICULTURE, notices of the History of, in England, 1259-1400, by ARBITRATION in the Building Trade, beneficial effects of, at Wolver ARGYLL (The Duke of). On the Economic Condition of the High- Statement of undisputed facts relative to the Highlands 542 147 501 504 p. 372) Increased rent and produce a sure sign of increase of wealth in a community 504-5 505 506 506-7 507-8 508-9 509-10 510-11 Small numbers of the various clans as shown in the numbers in arms in the 511-12 Increase of population in latter part of the eighteenth century from cessation 512-13 513 Account of the wretched farming of Highland families (from the notes to 513-15 515-24 516-17 wretched state of agriculture: division of farms into infield and out- field 517-18 superfluous number of servants on Highland farms 518-19 519-20 Emigration began not with the poor, but with the middlemen or gentlemen Great loss of the pasturage of the higher ranges under the old system 520 523 524 Great rise of rents, and increased value of exports 524 The diminution of an agricultural population not peculiar to the Highlands, 524-5 Delusion to suppose that the Highlands have become a mere grazing ground, 526-7 527-9 The labouring classes separated from the ownership, but not (as stated by ARGYLL (The Duke of). On the Highlands of Scotland—contd. Advantages both to landlords and tenants of the Scottish system of long No remedy for Ireland but the replacement of her pauper cottier tenantry by The Highland distress confined to those parts where the sheep and dairy Memorandum by Sir John McNeill on the comparative population of Scotland ARMIES, French and English, comparative details relative to the ARMY, French, cost of, less than the smaller army of England Improvements and financial results of the government of the town by Com- Property transferred by them to the municipal corporation Increasing absorption of the improvement rate by the interest of the public debt Poor rate, and how absorbed by the borough rate, as well as relief of the poor Rateable value of property, and amounts assessed to income tax, 1850-64 General conclusions Tables of income and expenditure : BALFOUR (Major-General). On the Budgets and Accounts of Eng- Preliminary remarks: the paper a contribution only as one of a series a clear record of accounts the first object in public economy the French system of the strictest uniformity, and based on actual and PAGE 530-31 532 532 533-4 534-5 323-444 19 aid of the good state of the French accounts in preserving France 329 great principle in French accounts that no minister can spend beyond On drawing up of budgets of the two countries superiority of the French military budget advantages of the French budget being prepared so much earlier than the open French budgets superior to our system of loose estimates error of partial mixing up of the two accounts of army and navy in the difference of 2,971,6417, in the "cash account" and the certified 330 331-4 332 333 334 $36 accounts closed in France quite as early as in England, in spite of their 337 338-9 Test of accuracy of French accounts two statements in the "Times" relative to concealed funds and war 339 Origin of the English forms of national accounts 341-5 a balance sheet impossible from the statements of our Paymaster- 342 - proposed remedy by taking both receipts and payments from the Exche- quer accounts 843 Description of the English accounts. 345-7 Defects in ditto 847-5 error of considering all Exchequer credits as final payments 348-9 BALFOUR (Major-General). Budgets of England and France-contd. Remedies for defects. immediate cash account at the close of the financial year, and a deferred mode of using the excess over from one vote in the payment of the defi- our present account not one of income and expenditure, but of income and issues possibility of the Treasury making the expenditure on any particular PAGE 351-2 352 354-5 358 $59-60 361-4 the French practical exactness with its delay, superior to our inaccurate 362-3 Differences in details between English and French accounts. 364-9 Advantages of basing accounts on payments for services of the year, instead Complete specifications in French, contrasted with indefinite entries in Want of separation in our budget of the army and navy stores superiority of the French mode, shown as to the Mexico, Rome, and Defects observable in the latest English estimates examination of ministers in respect to their budgets by the Council of 378-9 380-84 385-9 error of nearly a million in the article of provisions for the army, in 395 comparison of 1863-64 with 1866-67, the reduction of men not accounted Large accumulations against Paymaster-General, large balances to debit of sub-accountants Slow and defective audit in examining and passing expenditure remarks and evidence of Sir H. Parnell, Sir R. Bromley, and Messrs. gradual tendency in late years to increase the amounts under each vote, and so rendering the control of an independent audit less. 405 405-6 special statements of cases in which the audit of expenditure since Course followed in allotment of French funds, and verification of accounts of 406-7 407-13 413-19 Utility of exhibiting actual expenditure of stores in accounts, distinct from statement by M. Monteloux as to the want of accounting for material Efficient organisation of French departments, as shown in that of the army. the cost of the large army of France less than our smaller : excessive number of changes in the office of war minister here from 428 want of sufficient responsibility in subordinates of the War Department French expenses, revenues of departments, progress of auditing the French War Department disbursements, and strength of French army BANK OF ENGLAND. weekly account of the issue and banking departments: 440-41 442-4 444 |