The English Banking System

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U.S. Government Printing Office, 1910 - 294 Seiten
Reports, Documents, and Journals of the U.S. Senate and House of Representatives.

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Seite 85 - In our opinion such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the General Fund of the Society according to the best of our information and the explanations given to us, and as shown by the books of the Society.
Seite 9 - Company of the Bank of England) or for any other persons whatsoever, united or to be united in covenants or partnerships, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand, or at any less time than six months from the borrowing thereof.
Seite 80 - I cannot think that it can be expected of a director that he should be watching either the inferior officers of the bank or verifying the calculations of the auditors himself. The business of life could not go on if people could not trust those who are put into a position of trust for the express purpose of attending to details of management.
Seite 30 - ... a bill of exchange drawn on a bank and payable on demand, every check is a bill, that is, it is a species of a bill.
Seite 134 - The directors shall have power at any time, and from time to time, to appoint a person as an additional director who shall retire from office at the next following ordinary general meeting, but shall be eligible for election by the company at that meeting as an additional director.
Seite 213 - ... banks of London, have presented themselves in Downing Street, and have urged with unanimity and with earnestness the necessity of some intervention on the part of the State to allay the anxiety which prevails and which appears to have amounted, through great part of the day, to absolute panic. There are some important points in which the present crisis differs from those of 1847 and 1857.
Seite 65 - That no dividend shall at any time be made by the said governor and company, save only out of the interest, profit or produce arising out of the said capital, stock, or fund, or by such dealing as is allowed by Act of Parliament.
Seite 213 - The accounts and representations which have reached her Majesty's Government during the day exhibit the state of things in the city as one of extraordinary distress and apprehension. Indeed, deputations composed of persons of the greatest weight and influence, and representing alike the private and...
Seite 177 - England on discounts and tem" porary advances is not less than 12 per cent, per annum ; " and (2) That the foreign exchanges are favourable to this " country ; and (3) That a large portion of the existing amount of " Bank of England and other bank notes in circulation is rendered " ineffective for its ordinary purpose by reason of internal panic ; " they may, by order under their hands, empower the issue depart...
Seite 179 - An Act to regulate the issue of bank notes, and for giving to the Governor and Company of the Bank of England certain privileges for a limited period.

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