The System of National Finance
The System of National Finance
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In our eReader you can find the full English version of the book. Read The System of National Finance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The System of National Finance
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It was not until at least a century after the time at which Parliament established its right to 148 NATIONAL FINANCE appropriate that it woke up to the inadequacy of a formal appropriation to secure its purpose, unless it exercised some control over the actual expendi- ture. During the first half of the nineteenth century it was becoming clear to financial reformers that the active enforcement of the appropriation of grants, even after they had been released from the control of Parliament for t...he use of the spenders, was a necessary coping-stone of the structure of Parliamentary control over finance. The financial genius of Gladstone gave the principle clear expression. " It is undoubtedly the business of the House of Commons, " he said, "to be responsible, not only for the inception of all public expenditure, but also to follow money raised by taxation until the last farthing is accounted for. " ^ The lesson had by then been learnt that to sup- port the power of Parliament in money matters it is necessary that Parliament should not only direct how the money is to be spent beforehand, but should see that its directions are carried out.
What to read after The System of National Finance?
You can find similar books in the "Read Also" column, or choose other free books by E Hilton Edward Hilton Young to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It was not until at least a century after the time at which Parliament established its right to 148 NATIONAL FINANCE appropriate that it woke up to the inadequacy of a formal appropriation to secure its purpose, unless it exercised some control over the actual expendi- ture. During the first half of the nineteenth century it was becoming clear to financial reformers that the active enforcement of the appropriation of grants, even after they had been released from the control of Parliament for t...he use of the spenders, was a necessary coping-stone of the structure of Parliamentary control over finance. The financial genius of Gladstone gave the principle clear expression. " It is undoubtedly the business of the House of Commons, " he said, "to be responsible, not only for the inception of all public expenditure, but also to follow money raised by taxation until the last farthing is accounted for. " ^ The lesson had by then been learnt that to sup- port the power of Parliament in money matters it is necessary that Parliament should not only direct how the money is to be spent beforehand, but should see that its directions are carried out.
What to read after The System of National Finance?
You can find similar books in the "Read Also" column, or choose other free books by E Hilton Edward Hilton Young to read onlineMoreLess
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