Messis. Samuel Montagu & Co.'s report for February 16 sets forth the following The Bank of England gold reserve against its note issue £126,929,400, as compared with! £126,925,585 last week.
The Bank of England official rate for discount was lowered to-day to 4} per cent. from 5 per cent., at which it had stood since November 3, 1921.
For the moderate amount of gold available there has been an exceptionally keen demand from the Indian Bazaars, by whom practically the whole was taken.
The gold dealt with this week was the last full shipment from South Africa which may be expected, until the deplorable strike on the Rand has been settled.
Text read from the printed page and cleaned; old type leaves the occasional error.