17 OCTOBER 1931, Page 15


[To the Editor of the SPECTATOR.]

SIR,—In view of the changed condition of affairs, and although the " Bank's " liability to redeem its notes in gold is merely suspended, it seems that the " Bullion " item should itself be either increased or an adjustment temporarily shown, to bring the amount of such " Bullion " to its actual and present value. The difference would not be in-appreciable.—I am, Sir, &c., L. F. E. DOUBT. 166 Coningham Road, W. 12.