Bank Rate and the Money Market in England, France, Germany, Holland, and Belgium, 1844-1900

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J. Murray, 1903 - 237 pagine
 

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Pagina 214 - ... empower the said governor and company, to increase the amount of securities in the said issue department beyond the total sum or value of fourteen million pounds, and thereupon to issue additional Bank of England notes -to an amount not exceeding such increased amount of securities specified in such order in council, and so from, time to time: provided always, that such increased amount of securities specified in such order in council, shall in no case exceed the proportion of...
Pagina 86 - An Act to regulate the issue of bank notes, and for giving to the Governor and Company of the Bank of England certain privileges for a limited period...
Pagina 213 - Notes, or for Gold Coin or for Gold or Silver Bullion received or purchased for the said Issue Department under the Provisions of this Act, or in exchange for Securities acquired and taken in the said Issue Department under the Provisions herein contained: Provided always, that it shall be lawful for the said Governor and Company in their Banking Department to issue all such Bank of England Notes as they shall at any Time receive from the said Issue Department or otherwise, in the same Manner in...
Pagina 23 - A relative of mine, C. Poulett Thomson, many years since, used to say to me that nothing was easier to conduct than the business of a banker, if he would only learn the difference between a Mortgage and a Bill of Exchange.
Pagina 85 - England on discounts and tem" porary advances is not less than 12 per cent, per annum ; " and (2) That the foreign exchanges are favourable to this " country ; and (3) That a large portion of the existing amount of " Bank of England and other bank notes in circulation is rendered " ineffective for its ordinary purpose by reason of internal panic ; " they may, by order under their hands, empower the issue depart...
Pagina 83 - England, or to any persons or person whatsoever, save in exchange for other Bank of England notes, or for gold coin or for gold or silver bullion received or purchased for the said Issue Department under the provisions of this Act...
Pagina 214 - ... authorized to issue under the provisions of this Act ; and every such account shall be verified by the signature of such banker or his chief cashier, or, in the case of a company or partnership, by the signature of...
Pagina 23 - England notes in exchange for gold bullion at the rate of .£3 17s. 9d. per ounce of standard gold: provided always that the said governor and company shall in all cases be entitled to require such gold bullion to be melted and assayed by persons approved by the said governor and company at the expense of the parties tendering such gold bullion.
Pagina 103 - Now with regard to the oscillation of the internal circulation of the country, I may notice that there is, periodically, a demand for currency from the Scotch and Irish banks, which, whilst it produces a most sensible effect upon the Bank of England reserve, is uncontrollable by any action of the Bank. At certain periods of the year, especially...

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