The Metropolitan Board of Works, which collects a great revenue in London, has an account at the London and Westminster Bank, for which that bank makes a deposit of Consols as a security.

The Chancellor of the Exchequer would have no difficulty in getting such security either.

If, as is likely, his account would be thought to be larger than any single bank ought to be entrusted with, the public deposits might be divided between several.

Each would give security, and the whole public money would be safe.

If at any time the floating money in the hands of Government were exceptionally large, he might require augmented security to be lodged, and he might obtain an interest.