Germany and Austria-Hungary, by M. Wirth

Germany and Austria-Hungary, by M. Wirth

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...afterward, onJune 8, 1864, a new decree was issued, by which the Bank was deprived of the free use of the public buildings which it had hitherto occupied. The Bank bought these buildings and enlarged them, so that the safe deposit business, which had been permitted by law, could be commenced in 1869. COMPOUNDlNG FOR TREASURY SERVICE. The Bank charter of 1863 was altered in 1871. The Bank, according to the law of December 22, 1863, article ten, might be intrusted with the entire service of the Treasury. The Bank feared that by the operation of this order it would lose its independence and some of its importance as a credit institution. The Government, on the other hand, desired to save expense. On April 26-28, 1871, the Government and the Bank agreed that the former should give up the above-mentioned right, and that the Bank in return should pay 100,000 guilders every year as a compensation. The general meeting on May 17, I871, consented to this, and the law of July 24, 1871, sanctioned the agreement. The Bank acquired a new function by the law of May 25, 1880. It was intrusted with the duty of acting as cashier for the Rykspostspaarbank (Government postal savings-bank) and with the keeping of the cash and securities therein deposited. The duty was to be performed without pay from April 1, 1881. THE LATEST EXTENSION OF THE CHARTER. In the years preceding the expiration of the Bank's charter, dissensions arose as to whether the existence of the Bank should be continued after April 1, 1889, and under what conditions. This time there was also a sentiment unfavorable to the Bank. A radical transformation, nevertheless, did not take place. The law of August 7, I888, differs from the law of December 22, 1863, in the following points: The Bank is...show more

Product details

  • Paperback | 222 pages
  • 189 x 246 x 12mm | 404g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236905016
  • 9781236905017