It has continued to have an undivided capital of the same kind ever since. In 1746, the bank had, upon different occasions, advanced to the public L11,686,800 and its divided capital had been raised by different calls and subscriptions to L10,780,000. The state of those two sums has continued to be the same ever since. In pursuance of the 4th of George III, c.

25, the bank agreed to pay to government for the renewal of its charter L110,000 without interest or repayment. This sum, therefore, did not increase either of those two other sums.

The dividend of the bank has varied according to the variations in the rate of the interest which it has, at different times, received for the money it had advanced to the public, as well as according to other circumstances. This rate of interest has