Q. What is the character of your bills discounted?
A. Those are all marketable bills, trade bills; you know what they are; they are between the manufacturer and the man to whom he sells.
Q. You always require two names?
A. Always.
Q. What does the form of obligation by the borrowers upon collateral take?
A. Just the same form as your promissory note.
Q. You have branches, have you not?
A. We have about forty-odd branches all in London and close to London.
Q. You do not then endeavor to acquire a country business through your branches?
A. For this reason, that we commenced as a purely London bank, and we have so far kept to that original determination of not launching out into country business, because, as I say, it differs from the ordinary London business. Country business is not quite so liquid, and can not be.