On the Influence of a Note Circulation in the Conduct of Banking Business
On the Influence of a Note Circulation in the Conduct of Banking Business
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To quickly assess the difficulty of the text, read a short excerpt:
To the demands on the reserve of the Bank of England in the autumn.
" 42. Is there not a demand upon you at that period of the year for Scotland and Ireland ? — There is a demand for coin, but not for notes.
" 43. That coin being intended to sustain the increased local circulation in Scotland and Ireland ? — Precisely so.
* This subject was mentioned in a letter to the " Economist " of September 6, 1874, from which many of these details are taken.
118 ME. E. H. INGLIS PALGEAVE, " 44. Is there n...ot a corresponding demand in the same period of the year for an increased circulation in England and Wales? — Yes, we think there is, but we cannot trace that so well as we can the Scotch and Irish demand. The reason why we can trace the Scotch and Irish demand better than the English demand is this, that by the law of 1845, by which the Scotch and Irish banks were regulated, those banks are bound to deposit a certain amount of coin in specified places for any amount of notes issued by them beyond the amount authorised under those Acts.
What to read after On the Influence of a Note Circulation in the Conduct of Banking Business?
You can find similar books in the "Read Also" column, or choose other free books by Robert Harry Inglis Palgrave to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
To the demands on the reserve of the Bank of England in the autumn.
" 42. Is there not a demand upon you at that period of the year for Scotland and Ireland ? — There is a demand for coin, but not for notes.
" 43. That coin being intended to sustain the increased local circulation in Scotland and Ireland ? — Precisely so.
* This subject was mentioned in a letter to the " Economist " of September 6, 1874, from which many of these details are taken.
118 ME. E. H. INGLIS PALGEAVE, " 44. Is there n...ot a corresponding demand in the same period of the year for an increased circulation in England and Wales? — Yes, we think there is, but we cannot trace that so well as we can the Scotch and Irish demand. The reason why we can trace the Scotch and Irish demand better than the English demand is this, that by the law of 1845, by which the Scotch and Irish banks were regulated, those banks are bound to deposit a certain amount of coin in specified places for any amount of notes issued by them beyond the amount authorised under those Acts.
What to read after On the Influence of a Note Circulation in the Conduct of Banking Business?
You can find similar books in the "Read Also" column, or choose other free books by Robert Harry Inglis Palgrave to read onlineMoreLess
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