Note A — THE PAPER CURRENCY OF ENGLAND DISPASSIONATELY CONSIDERED, &c.

Perhaps we ought to mention that under one of the provisions of the Act of 1844, in case any of the banks of issue cease to issue their own notes after the passing of the Act, the Bank of England may be empowered to increase its securities and issue notes against them to an extent not exceeding two-thirds of the amount so discontinued; and that within the last few months the Bank of England has been thus authorized to increase its unrepresented issues by nearly £500,000. This increase, however, is only intended to prevent the unrepresented issues from falling much below the £22,000,000, and leads to no important results.