Copies in pencil of course are not so permanent as records in ink, but this is really no objection to the system, as the copies are sufficiently permanent for all necessary purposes. All abstracts of totals, balances, etc, are of course kept in permanent form in books written up in ink.

If such a system is not adapted for the London clearing, it is at least a question whether some such plan as that mentioned above might not be adopted in the remittance by country bankers of dividend warrants, so that these might pass in bulk to the debit of the various railway and other accounts, instead of, as now, being taken down singly at the Clearing-House.

Specimen Form of the London Bankers' Clearing Balance Sheet.

The National Provincial Bank Of England

Debtors.

Creditors.

Alliance

Barclay

Barnett

Bosanquet

Brown

Central

C.ty

Consolidated

County

Dimsdale

Fuller

Glyn

Imperial

Joint

Bank

Lon & South

West".

London & West1.

Martin

Metropolitan

National

Prescott

Robarts

Sonthwark l

Smith

Union

Williams

Country Clearing

C. H.

1 This is the Southwark branch of the London and Westminster Bank, which clears separately.