BANK CHARGES
[To the Editor of the SPECTATOR.] SIR,—I have read Mr. Kiddy's explanation of why I pay five per cent. on my overdraft as a minimum with no limit as to the maximum, having deposited securities that eliminate any element of risk. It is very moving, and I felt inclined to offer the poor bank a little more to keep things going—but my pity was tempered by the next article, on Bank shares for Investments.
From that I learn how strong is the financial position of all the banks, how great are their reserves, and how the lowest dividend paid in an exceptionally difficult year by any bank does not fall below thirteen per cent. and how they rise to eighteen per cent. That is what puzzles me, and not Press articles which I have never seen. How and why do the banks pay so much, and would it ruin them to lower their
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