We do not take money from any depositor at interest unless upon the understanding and condition that it remains a month with us; he may withdraw it within the month, but then he forfeits interest; it will not carry interest unless it is with us a month, and then it is removable on demand without notice.
1168.

Is it or is it not a fact that some of the banks pay interest upon their current accounts ?--Yes, I think most of the new banks do so; and the Union Bank of London does it.
1169.

At a smaller rate than upon their deposits, I presume ?--I think at a smaller rate, but I believe it is a fixed rate on the minimum balance for some period, either six months or one month, I do not exactly know the period.

I think I ought to add (and I believe it is the case with all the banks) that the London and Westminster Bank, from the day of its first institution until the present day, has never re-discounted a bill.

No bill has ever left our bank unless it has been for payment.
1170.