(dramatic music) - The fact is, a surprising, some would say disquieting, situation has arisen.
Gold being in ever-decreasing supply, the Cornish Bank has been obliged to issue paper, instead of coin.
- Paper?
I don't rightly understand.
- The paper is, in effect, a promise to pay the bearer the same value as writ upon the note.
So it is, in effect, worth the same as hard coin.
This watermark here guarantees its value and authenticity.
- Will folk believe it?
- There may be some initial suspicion.
I should add, we're not the only bank to take this decision.
Even Warleggans.
- And there was I about to trot off to George and ask him to hand over hard guineas.
- I'm afraid, while the war continues, no one has gold to be giving away.
