Very few selections in the world are made with nearly equal purity.

There is a sincere desire to do the best for the Bank, and to appoint a well-conducted young man who has begun to attend to business, and who seems likely to be fairly sensible and fairly efficient twenty years later.
The age is a primary matter.

The offices of Governor and Deputy-Governor are given in rotation.

The Deputy-Governor always succeeds the Governor, and usually the oldest director who has not been m office becomes Deputy-Governor.

Sometimes, from personal reasons, such as ill-health or special temporary occupation, the time at which a director becomes Deputy-Governor may be a little deferred, and, in some few cases, merchants in the greatest business have been permitted to decline entirely.