Observations On Paper Money Banking And Overtrading Including Those Parts of
Observations On Paper Money Banking And Overtrading Including Those Parts of
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Cash.
Oct. 1805 ditto ditto 51. Ditto.
Oct. 1806 ditto ditto 51. Ditto.
Inquiry, &c. By R. Mushet, Evidence, p. 54. I 2 116 ON THE BANK ot no considerable error, that the sum of undi- vided profit must, in the mean time, have in- creased to the enormous amount of 13, OOO^OOO/. *: out of this fund the Bank advanced to Govern- ment, for the year 18l6, a loan of 6, 000, 000/. ; and at a Court of Proprietors, held in May 18l6, it was resolved to make an addition to the capital of the Bank of 2, 910..., 600/. , the effect of which was to raise the capital of each pro- prietor of 10O/. Of stock, producing 10/. Per annum, to 125/. , and to increase his income proportionally, namely, to 12/. 10s. Per annum. The great profit realized by the Bank, since the suspension of its cash payments, has produced a corresponding rise in the value of its stock. Throughout the year 1797? tne average price of Bank stock was about 125/. Per cent. ; since that period it has been gradually improving in value, and its market price now (18 16) amounts to * This view of the affairs of the Bank, since the year 1797 is founded on the statements contained in the work of Mr.
What to read after Observations On Paper Money Banking And Overtrading Including Those Parts of?
You can find similar books in the "Read Also" column, or choose other free books by Henry Parnell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Cash.
Oct. 1805 ditto ditto 51. Ditto.
Oct. 1806 ditto ditto 51. Ditto.
Inquiry, &c. By R. Mushet, Evidence, p. 54. I 2 116 ON THE BANK ot no considerable error, that the sum of undi- vided profit must, in the mean time, have in- creased to the enormous amount of 13, OOO^OOO/. *: out of this fund the Bank advanced to Govern- ment, for the year 18l6, a loan of 6, 000, 000/. ; and at a Court of Proprietors, held in May 18l6, it was resolved to make an addition to the capital of the Bank of 2, 910..., 600/. , the effect of which was to raise the capital of each pro- prietor of 10O/. Of stock, producing 10/. Per annum, to 125/. , and to increase his income proportionally, namely, to 12/. 10s. Per annum. The great profit realized by the Bank, since the suspension of its cash payments, has produced a corresponding rise in the value of its stock. Throughout the year 1797? tne average price of Bank stock was about 125/. Per cent. ; since that period it has been gradually improving in value, and its market price now (18 16) amounts to * This view of the affairs of the Bank, since the year 1797 is founded on the statements contained in the work of Mr.
What to read after Observations On Paper Money Banking And Overtrading Including Those Parts of?
You can find similar books in the "Read Also" column, or choose other free books by Henry Parnell to read onlineMoreLess
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