Bank Rate and the Money Market in England, France, Germany, Holland, and Belgium, 1844-1900 |
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Common terms and phrases
amount of bills Annual Average April arranged August Averages of Note balances Bank Act Bank Notes Bank of Belgium Bank of England Bank of France Bank of Germany Bank of Holland Bank rate Banking Department bills discounted bullion held cent change No change Chapter Coin and Bullion Country Note Circulation Days Days Days December demands deposits Difference discount charged England Notes Exports extreme Variations February fluctuations Gold and Silver Governor and Company Highest and Lowest Highest Month increase Ireland Issue Department January July June London bankers London Clearing House Lowest Month lowest rate March market rate Mean of extreme ment millions Minimum Rate money market Monthly Averages Notes held notes issued November Number of Days October period rate charged Rate of Discount rate of interest Reichsbank Scotland September Silver Bullion Silver Coin held SPECIE HELD statement Summary Table Table 12 temporary advances tion United Kingdom UNIVERSIT
Popular passages
Page 90 - 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...
Page 218 - Company, to authorize and empower the said Governor and Company to increase the amount of securities in the said Issue Department beyond the total sum or value of Fourteen million pounds, and thereupon to issue additional Bank of England notes to an amount not exceeding such increased amount of securities specified in such Order in Council, and so from time to time : Provided always, that such increased amount of securities specified in such Order in Council shall in no case exceed the proportion...
Page 90 - Company such rum, not exceeding the rate of two per cent, on the amount of such issue, as may be agreed upon between the said First Lord of the Treasury and Chancellor of the Exchequer on the one part, and the said Governor and Deputy Governor of the Bank of England on the other part, to be a fair allowance to the Bank for the risk, expense, and trouble incurred by it in making such issue.
Page 217 - Notes, or for Gold Coin or for Gold or Silver Bullion received or purchased for the said Issue Department under the Provisions of this Act, or in exchange for Securities acquired and taken in the said Issue Department under the Provisions herein contained: Provided always, that it shall be lawful for the said Governor and Company in their Banking Department to issue all such Bank of England Notes as they shall at any Time receive from the said Issue Department or otherwise, in the same Manner in...
Page 25 - A relative of mine, C. Poulett Thomson, many years since, used to say to me that nothing was easier to conduct than the business of a banker, if he would only learn the difference between a Mortgage and a Bill of Exchange.
Page 89 - 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...
Page 218 - Pounds, and thereupon to issue additional Bank of England Notes to an Amount not exceeding such increased Amount of Securities specified in such Order in Council, and so from Time to Time: Provided always, that such increased Amount of Securities specified in such Order in Council shall in no Case exceed the Proportion of Two Thirds the Amount of Bank Notes which the Banker so ceasing to issue may have been authorized to issue under the Provisions of this Act; and every such Order in Council shall...
Page 87 - England, or to any persons or person whatsoever, save in exchange for other Bank of England notes, or for gold coin or for gold or silver bullion received or purchased for the said Issue Department under the provisions of this Act...
Page 26 - England notes in exchange for gold bullion at the rate of .£3 17s. 9d. per ounce of standard gold: provided always that the said governor and company shall in all cases be entitled to require such gold bullion to be melted and assayed by persons approved by the said governor and company at the expense of the parties tendering such gold bullion.
Page 107 - Now with regard to the oscillation of the internal circulation of the country, I may notice that there is, periodically, a demand for currency from the Scotch and Irish banks, which, whilst it produces a most sensible effect upon the Bank of England reserve, is uncontrollable by any action of the Bank. At certain periods of the year, especially...