Banquet bee-line
MONEY is honey — so we learn from T.E. Brown, the housemaster-poet with the lovesome garden. Honey, too, is money — so we learned this week from the chairman of the money market, Roger Gibbs of Gerrard & National. To the Lord Mayor's City Banquet Mr Gibbs disclosed that the City's leading bee-keeper is the Governor of the Bank of England, who has established a swarm on the balcony of the Bank flat, and last year added 70 pounds to the reserves: pounds of honey, that is. To Mr Gibbs's mind this can only portent a honey market (spot, forward, options, futures) with the Bank in its even-handed way making sure of the balance of risk and reward, sweetness and stings. Indeed, the City's population might be divided into drones, workers, and queens . . . . Names on a postcard, please.
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