House of Commons Papers Volume 10,

House of Commons Papers Volume 10,

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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. 1857 edition. Excerpt: ... 10 per cent. for discounting certain bills; the rate was however reduced in a few days to 9 per cent., 5406-5409. Charter of Incorporation. Opinion of Mr. Thomson Hankey that any Act for the regulation of the paper currency of the country should be of a permanent nature, entirely distinct from the charter of incorporation of any bank, App. p. 23.. i Circulation (paper Currency): I. Sank of England: 1. Term " Circulation " defined. 2. Amount in different Years. 3. Periodical Fluctuations in the Amount. 4. Increased Circulation of smaller Notes, and of Gold and Silver. 6. Decreased Circulation of the larger Notes. 6. Notes of the Branch Banks. 7. Bills of Exchange, Branch Banks. 8. Accounts and Papers laid before the Committee. II. Bank of Ireland., III. Country Banks: 1. Term "Circulation " defined. 2. Amount at different Periods. 3. Papers laid before the Committee. IV. Generally: 1. Aggregate Circulation in 183.4, 1844, and 1855. 2. Greater economy of the Circulation of late Years. 3. Fluctuation respectively of a Mixed Circulation and of a Metallic Circulation. 4. Absence of Power in Banks of Issue to affect the aggregate Circu lation. 5. Evidence opposed to the foregoing Proposiiion; Power of Banks to over-issue, and thereby to cause considerable Disaster. 6. Question as to Convertibility being a Security against excess of Circulation. V. Bills of Exchange. I. Bank of England:, 1. Term " Circulation " defined: . The notes in reserve, representing the bullion upon which they are issued, are liable to diminution or increase, and are not included in the term " circulation," Wegueltn 1105, 1106. 1111-1114 Witness considers that the notes in reserve are as much issue as though they were in the hands of more

Product details

  • Paperback | 172 pages
  • 189 x 246 x 9mm | 318g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236540050
  • 9781236540058