In the last century, a favourite subject of literary ingenuity was ‘conjectural history,’ as it was

The amount of a loan is not paid out from the Secretary of State’s account at the Bank of England until the security has been lodged at the Bank. a year, and must charge for his goods accordingly; but if another has only 10,000 L. It ought, at least, to have the power to do… Poursuivre la lecture de In the last century, a favourite subject of literary ingenuity was ‘conjectural history,’ as it was

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Thus the financial officers of government spend five years or so in mastering a difficult subject

. Bankers and others would keep as much of their surplus currency as they possibly could in the form of gold, and it would be rupees (in great part) and not gold that would be paid into the Government Treasuries. I believe that in some parts of India, especially in those where gold has made… Poursuivre la lecture de Thus the financial officers of government spend five years or so in mastering a difficult subject

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It is certain that in all of these panics the bank has made very large advances

Deposits are made with the bankers and bill brokers in Lombard Street by the bankers of such counties as Somersetshire and Hampshire, and those bill brokers and bankers employ them in the discount of bills from Yorkshire and Lancashire. First, you establish in some bank or banks a certain reserve; you make of it or… Poursuivre la lecture de It is certain that in all of these panics the bank has made very large advances

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The effect of these successive changes has been to make the old system of circles virtually

Mr. Mr. Accordingly, in every panic these sums are sure to be called in from the bill-brokers; they were wanted to be used by their owners in time of panic, and in time of panic they ask for them. The government of the Bank should be improved in a manner to be explained. His time… Poursuivre la lecture de The effect of these successive changes has been to make the old system of circles virtually

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But they need not attend to that council unless they think fit; they are appointed to

If the interest were raised, the charge on the revenue would be of course proportionate to the increase of rate of interest. . ‘to the good,’ holds that 100 L. I would have them real trustees, and with a good trust deed. By that policy they allay a panic; by every other policy they intensify… Poursuivre la lecture de But they need not attend to that council unless they think fit; they are appointed to

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The expectation that the government will bring some of its gold to the rescue in extreme

No other bank holds any amount of substantial importance in its own till beyond what is wanted for daily purposes. It may be added to complete the story, that in August and September 1909 there was a short period of weakness when it was again necessary to offer sterling bills in Calcutta. This bank received… Poursuivre la lecture de The expectation that the government will bring some of its gold to the rescue in extreme

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The good times too of high price almost always engender much fraud

I say in reply, that if the correct framing of such estimates is necessary for the good guidance of the Bank, we must make a governing body which can correctly frame such estimates. and deposits 8,000,000 L. 4d. 875 │ ·281 │ │1910–11 │ 26,500,000 │ 16·061 │ 16·156 │ 15·875 │ ·281 │ │1911–12… Poursuivre la lecture de The good times too of high price almost always engender much fraud

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‘the demand in this case arose in the most effective of all ways

_Jhang. During the eventful weeks in November 1907, when the Bank of England rate stood at 7 per cent, the Bank of Bengal rate did not rise above 6 per cent. What part of this total is employed for ornament, what part for hoarding, what part is melted down, and what part is left truly… Poursuivre la lecture de ‘the demand in this case arose in the most effective of all ways

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And when the use to which we are putting an old thing is a new use,

Suppose, a favourable supposition, that the Banking Department holds more than two-fifths of its liabilities in cash–that it lends three-fifths of its deposits and retains in reserve only two-fifths. But of cash in ultimate reserve–cash in reserve against a panic–the savings’ banks have not a sixpence. Further, it is certain that a large number are… Poursuivre la lecture de And when the use to which we are putting an old thing is a new use,

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Nobody would understand it, or confide in it

But the moment the available trade is discovered–the moment that prices have risen–the demand for loanable capital becomes keen. Bellingham_, _India Office_. That as goods are produced to be exchanged, it is good that they should be exchanged as quickly as possible. In either case the result is the same. With the growth of the… Poursuivre la lecture de Nobody would understand it, or confide in it

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