Capital Currency And Banking Being a Span Classsearchtermspan Classse
Capital Currency And Banking Being a Span Classsearchtermspan Classse
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The additional profit made by the Bank would therefore be con- hned to the interest of the additional 20, 000, 000/ of securities field against that portion of the one pound note circulation, subject to a deduction, on account of the additional expenditure con- nected with carrying out the plan in all its parts as proposed. The dividends thus obtained by the Bank, for 20, 000, 000/ of stock, held against that amount of one-pound notes, would, at three per cent, amount to 600, 000^, from which t...he whole extra expenses of management, including such a sum as should be agreed upon to be paid to the Bank, as a fair and liberal remuneration for the facilities afforded, should be deducted, and the balance should then be paid into the public exchequer. Thus, by an easy and slight modification of the issue department of the Bank as it exists at present, the whole of the public advantages proposed by a separate and national bank of issue, might be easily secured at once, while the Bank of England would retain the whole of the advantages to which it is entitled under its present charter, unimpaired, with the additional ones, which would result from being employed to issue the new proposed paper circulation.
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To quickly assess the difficulty of the text, read a short excerpt:
The additional profit made by the Bank would therefore be con- hned to the interest of the additional 20, 000, 000/ of securities field against that portion of the one pound note circulation, subject to a deduction, on account of the additional expenditure con- nected with carrying out the plan in all its parts as proposed. The dividends thus obtained by the Bank, for 20, 000, 000/ of stock, held against that amount of one-pound notes, would, at three per cent, amount to 600, 000^, from which t...he whole extra expenses of management, including such a sum as should be agreed upon to be paid to the Bank, as a fair and liberal remuneration for the facilities afforded, should be deducted, and the balance should then be paid into the public exchequer. Thus, by an easy and slight modification of the issue department of the Bank as it exists at present, the whole of the public advantages proposed by a separate and national bank of issue, might be easily secured at once, while the Bank of England would retain the whole of the advantages to which it is entitled under its present charter, unimpaired, with the additional ones, which would result from being employed to issue the new proposed paper circulation.
What to read after Capital Currency And Banking Being a Span Classsearchtermspan Classse?
You can find similar books in the "Read Also" column, or choose other free books by James Wilson to read onlineMoreLess
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