German Imperial Banking Laws

German Imperial Banking Laws

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...at the rate of from one-half of 1 per cent to 1 % per cent below the London interest rate; no interest is calculated for amounts under 100. (6) Checks and sight bills on London agents, etc., are computed according to the short rate, without interest compensation. (c) Checks and sight bills on secondary cities are computed according to the short rate, without interest compensation but upon an abatement of 1 per cent. Short bills (usance, eight days; deliverable in London, from five to fourteen days; in secondary cities, from eight to fourteen days) are computed according to the short rate; if they have from nine to fourteen days to run, interest is deducted for the period of from one to six days at the London interest rate; no interest is to be charged for shorter periods. Long bills (usance, ninety days; deliverable, from seventy-five to ninety days) are computed according to the long rate; if they have to run from seventy-five to eighty-nine days, interest for fifteen days receding down to one day is to be added at the rate of from one-half of 1 per cent to 1 % per cent below the London interest rate. Medium-dated bills (from fifteen to seventy-four days) are computed according to the long rate with the addition of interest for seventy-five receding down to sixteen days at the rate of from 1 to 2 per cent below the London interest rate. France. Principal city.--Paris. Abatement.--One per cent is to be deducted from bills and checks under 1,000 francs; as well as from those on secondary cities. Purchase.--Bills (traites, lettres de change, billets de change) and drafts, as well as checks named above in II, B, a, are negotiable. The designation of the monetary standard is necessary. Stamp duties.--Bills drawn, accepted or indorsed in France...show more

Product details

  • Paperback | 84 pages
  • 189 x 246 x 4mm | 168g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236522044
  • 9781236522047