[Lombard Street: A Description of the Money Market by Walter Bagehot]@TWC D-Link book
Lombard Street: A Description of the Money Market

CHAPTER XII
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But even this amount is calculable, for it is always nearly the same.

And the entire operation is, to those who can watch it, singularly invariable time after time.
But it is important to observe, that the published accounts of the Bank give no such information to the public as win enable them to make their own calculations.

The account of which we have been speaking is the yearly account of the English Government--what we may call the Budget account, that of revenue and expenditure.

And the laws of this are, as we have shown, already known.

But under the head 'Public Deposits' in the accounts of the Bank, are contained also other accounts, and particularly that of the Secretary for India in Council, the laws of which must be different and are quite unknown.


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