Modifying the methods of Z. Adamowicz's paper Herbrand consistency and bounded arithmetic (Fund. Math. 171 (2002)), we show that there exists a number n such that m Sm (the union of the bounded arithmetic theories Sm) does not prove the Herbrand consistency of the finitely axiomatizable theory Sn 3 . From the point of view of bounded arithmetic, the concept of consistency based on Herbrand's theorem has at least two interesting features. Firstly, it has a more combinatorial flavour than standard consistency notions, and thus lends itself more naturally to combinatorial interpretations (cf. [Pud]). Secondly, it seems reasonably weak. It is well-known that for stronger concepts of consistency, such as ordinary Hilbert- or Gentzen-style consistency (Cons), or even bounded consistency (consistency with respect to proofs containing only bounded formulae, BdCons), there is typically a very large gap between a given theory and the theories whose consistency it can prove. Wilkie and...