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LOMBARD STREET TO-DAY
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India Council's balance is included in the other deposits, and has been so since 1892.
Such are the main points in which the problem of Lombard Street and the relations of the various components of the money market have been modified since Bagehot wrote. It should also be noted that the progress of banking development abroad has lessened the difference which he described between England and other countries in the matter of the use of credit.
