[Mr.Weguelin.] In fact, it was used by the Bank of England ?-- Undoubtedly; I should suppose so; there is no question about it.
1157.

You, of course, felt quite certain that your deposits in the Bank of England might be had upon demand ?--We had no doubt about it.
1158 You did not take into consideration the effect of the law of 1844, which might have placed the Banking Department of the Bank of England in such a position as not to be able to meet the demands of its depositors?
I must say that that never gave us the smallest concern.
1159.

You therefore considered that, if the time should arrive, the Government would interfere with some measure as they had previously done to enable the Bank to meet the demands upon it ?--We should always have thought that if the Bank of England had stopped payment, all the machinery of Government would have stopped with it, and we never could have believed that so formidable a calamity would have arisen if the Government could have prevented it.
1160.

[Chairman.] The notion of the convertibility of the note being in danger never crossed your mind ?--Never for a moment; nothing of the kind.
1161.

[Mr.Weguelin.] I refer not to the convertibility of the note, but to the state of the Banking Department of the Bank of England ?--If we had thought that there was any doubt whatever about it, we should have taken our bank-notes and put them in our own strong chest.