Though the bank directors of that day at last fell into errors, yet on the whole

This is how the matter stands at present. Many persons live entirely on the income of shares, or debentures, or foreign bonds, which is paid in coupons, and these are handed in for the bank to collect. Just when money is most scarce you happen to have an unusually large fund of this particular species… Poursuivre la lecture de Though the bank directors of that day at last fell into errors, yet on the whole

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[118] even of these reserves the greater part is probably held by the older and more

They receive the banker’s notes in the common course of their business, and they have only not to take those notes to the banker for payment. │. A theorist may easily map out a scheme of Government in which Queen Victoria could be dispensed with. ‘We felt satisfied that, however plausible were the reasons urged… Poursuivre la lecture de [118] even of these reserves the greater part is probably held by the older and more

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She also keeps a portion of her gold reserve in london—a practice made possible by the

4d. The main conclusion is very plain–that English trade is become essentially a trade on borrowed capital, and that it is only by this refinement of our banking system that we are able to do the sort of trade we do, or to get through the quantity of it. Thirdly. Karachi ” Sind. Take, for… Poursuivre la lecture de She also keeps a portion of her gold reserve in london—a practice made possible by the

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This prosperity is precarious as far as it is real, and transitory in so far as

And this feeling was very natural. (c) Excluding balances in Gold Standard Reserve. And in the second place, the Secretary of State’s method of selling exchange results in his dealing exclusively with the Exchange Banks and financial houses, and not directly with the trading public. 3. But this may be very far from the retail… Poursuivre la lecture de This prosperity is precarious as far as it is real, and transitory in so far as

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But i do not think it certain that this sum would be adequate to the necessities

In fact, in Lombard Street, the principal depositors of the bill-brokers are the bankers, whether of London, or of provincial England, or of Scotland, or Ireland. in January 1867, being an increase of over 6,000,000 L. if he has it. We know, of course, what the annual net addition to the total stock of gold… Poursuivre la lecture de But i do not think it certain that this sum would be adequate to the necessities

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In the second place, the government can postpone for a short time a demand for rupees

A. If this kind of speculation were now applied to banking, the natural and first idea would be that large systems of deposit banking grew up in the early world, just as they grow up now in any large English colony. Lastly, if the Secretary of State has considerable cash balances in India, it may… Poursuivre la lecture de In the second place, the government can postpone for a short time a demand for rupees

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The principal mode in which money is raised by traders is by ‘bills of exchange;’ the

├─────┬─────┼─────┬─────┼─────┬─────┼─────┬─────┼─────┬─────┤ │ │ R. Their first line of defence in the form of technical difficulties having been overcome, they fell back upon open argument as to the wisdom from the Indian point of view of the whole project:— While expressing their satisfaction that an agreement has now been reached, my Lords think it desirable, before… Poursuivre la lecture de The principal mode in which money is raised by traders is by ‘bills of exchange;’ the

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Just so, an immense system of credit, founded on the bank of england as its pivot

Yet in the course of that month there was a premium on gold of about ¾ per cent in France, Germany, Russia, Austria–Hungary,[9] and Belgium. On the other hand, supposing that this single depositor is one of calculable habits–suppose that it is a public body, the time of whose demands is known, and the time… Poursuivre la lecture de Just so, an immense system of credit, founded on the bank of england as its pivot

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_rupee reserves_ are held partly in the currency reserve, partly in the gold standard reserve

And the tightness so produced is often greater than, and always equal to, the preceding unnatural laxity. If the demand is large and the minimum rate of allotment high (say 1s. 16. The poor demand for Council Bills in March 1913 is not to be explained by the competition of gold as a means of… Poursuivre la lecture de _rupee reserves_ are held partly in the currency reserve, partly in the gold standard reserve

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The maximum absorption in the october to december quarter was 11·39 lakhs in 1905–6, and the

This is due to the fact that the Government Treasuries, the Presidency Banks, and possibly other banks and large merchants, use the notes as a convenient method of avoiding the custody of large quantities of silver during the slack season when rupees are not wanted. When, therefore, we are considering to what extent the Government… Poursuivre la lecture de The maximum absorption in the october to december quarter was 11·39 lakhs in 1905–6, and the

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