27 JUNE 1903, Page 13

The Story of the Bank of England. By Henry Warren.

(Jordan and Sons. 3s. 6d. net.)—Mr. Warren explains many things which will have been more or less obscure to some of his readers. But he does not explain everything. The " Rest," for instance, is the accumulated profit. An unlearned person might want to know why it sometimes diminishes, and where the large sum that is added before the declaration of a dividend comes from. Possibly these are things that even the " fifth- form " boy knows. But there is a great deal of information in the volume. Possibly chap. 17 on "Back Stock" will be the most generally interesting. The highest price for the last decade was £367 (1898) ; the lowest .019.5 (1901) ; the lowest dividend was ..£8•5 (1894-95). But Mr. Warren does not consider it a really eligible security.