Industry And Finance (Supplementary Volume)
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To quickly assess the difficulty of the text, read a short excerpt:
50,000,000 12,000,0003 Silver in hands of Public ' ...
15,000,000 40,000,000 Bank of England Notes in hands of Public* .
10,000,000 40,000.000 Scotch Bank Notes in hands of Public 8,000,000 28,000,000 Irish Bank Notes in hands of Public .
8,000,000 32,000,000 Currency Notes in hands of Public' .
— 170,000,000 ;£1,588,000,000 Aisi.ooo.ooo 1 Estimated.
» To the extent that " Other Deposits " of the Bank of England includes bankers' balances (amount not ascertainable), the above table requires ame...ndment.
' Hoarded.
* The Note Circulation of the Bank of England at 31st December, 1913 was about ;i30,000,000; and at 30th July, 1919, about ^^79,000,000.
' Treasury Currency Notes and Currency Note Certificates outstanding on 30th July, 1919, amounted to about ^^339.000,000. It is estimated that on that date the banks held about ;£170.000.000 in the form of Currency Notes and Currency Note Certificates.
144 BANKING, CUERENGY, WAR FINANCE, ETC. 145 The item " Unused Bank Credit " is introduced into the above table to show that in an estimate of the available purchasing power of a community, outstanding bank promises of advances to cus- tomers, if not already included in the first item, " Commercial Bank Deposits " (balances standing to credit of customers), must be taken into consideration.
What to read after Industry And Finance (Supplementary Volume)?
You can find similar books in the "Read Also" column, or choose other free books by British Association for the Advancement of Science to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
50,000,000 12,000,0003 Silver in hands of Public ' ...
15,000,000 40,000,000 Bank of England Notes in hands of Public* .
10,000,000 40,000.000 Scotch Bank Notes in hands of Public 8,000,000 28,000,000 Irish Bank Notes in hands of Public .
8,000,000 32,000,000 Currency Notes in hands of Public' .
— 170,000,000 ;£1,588,000,000 Aisi.ooo.ooo 1 Estimated.
» To the extent that " Other Deposits " of the Bank of England includes bankers' balances (amount not ascertainable), the above table requires ame...ndment.
' Hoarded.
* The Note Circulation of the Bank of England at 31st December, 1913 was about ;i30,000,000; and at 30th July, 1919, about ^^79,000,000.
' Treasury Currency Notes and Currency Note Certificates outstanding on 30th July, 1919, amounted to about ^^339.000,000. It is estimated that on that date the banks held about ;£170.000.000 in the form of Currency Notes and Currency Note Certificates.
144 BANKING, CUERENGY, WAR FINANCE, ETC. 145 The item " Unused Bank Credit " is introduced into the above table to show that in an estimate of the available purchasing power of a community, outstanding bank promises of advances to cus- tomers, if not already included in the first item, " Commercial Bank Deposits " (balances standing to credit of customers), must be taken into consideration.
What to read after Industry And Finance (Supplementary Volume)?
You can find similar books in the "Read Also" column, or choose other free books by British Association for the Advancement of Science to read onlineMoreLess
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