23 OCTOBER 1993, Page 25

Silver jubilee

DINNER AT Salters Hall this week marks the hundredth birthday of the family firm with the best address m the City — Number One, Royal Exchange. This is Searle's, the silversmiths and jewellers, a tiny shop with a sturdy connection among City types and companies, livery and limited. There have been shops in the Exchange since Thomas. Gresham first built it — Geoffrey's, the barbers, where the Governor of the Bank of England goes for his short back and sides, is another, and there is a pleasant antiquarian bookshop. They help to make the City something more and better than a business park for money. (You will not find a silversmith in Canary Wharf.) The Gre- sham trustees, drawn from the Corporation of London and the Mercers Company, are the Exchange's landlords and I should like to be sure that they appreciate their tenants as much as the workaday City does.