26 NOVEMBER 1988, Page 24

Inter-City champagne

THERE was more to the old undercover City than the wet-weather route through the Bank of England (charted in City and Suburban last week). Dive out of Old Broad Street, down a corridor to a solici- tor's office, past the back of the City Club, through the National Provincial's noble banking hall and, hey presto, you were in Bishopsgate. A veteran central banker describes what he calls a money-market route — into the Royal Exchange from the Cornhill side, out into Threadneedle Street, through the Bank, out into Princes Street, through the Midland Bank head office, out into Poultry, through Mappin Webb. . . . Could the route have extended through the Bank of London and South America, so that the money-market man could reach black velvet and oysters at Sweetings without getting his top hat wet? To anyone who can trace a longer or more picturesque cross-City route, I offer a magnum of Champagne Taittinger kindly supplied by Matthew Clark & Sons Ltd.