A. Yes.
Q. Do you pay interest on both current accounts and deposit accounts?
A. It is our custom to pay interest on deposits only. In London, however, it is different; there interest is allowed in special cases on large balances on current accounts if left for some time.
Q. How does the bank rate affect the rate allowed by you on deposit?
A. The Scotch banks all allow the same rate and charge the same rates for discounts and overdrafts, and these are fixed relatively to the Bank of England rate. Our deposit rate is usually 1-1/2 per cent. under the minimum bank rate.
Q. Were most of your branches organised by you or were most of them other institutions purchased by you?
A. Most of them were originated by ourselves.
Q. Have you in mind how many branches you had ten years ago?
A. About 136.
Q. What relations do the Scotch banks bear to the Bank of England? Do they deal with it directly?