The English Banking SystemReports, Documents, and Journals of the U.S. Senate and House of Representatives. |
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Common terms and phrases
accepting houses advances allotted amount assets balance sheets Bank Act bank notes Bank of England Bank of France Bank of Germany Bank rate Bank's banking community banking department Belgium bills of exchange borrowing brokers bullion capital cash in hand cent checks clearing bankers Clearing House clerks coin country banks customers debenture debenture stock demand deposit accounts depositors deposits directors discount houses England notes English banking extent fluctuation foreign exchanges gold Governor held holders HOUSE OF LORDS increase issue department issue notes jobber joint stock banks joint stock companies liabilities loans London Stock Exchange Majesty's Government ment metallic note circulation note issue number of days number of shares offices paid paper payment principle private banks proportion of cash rate of discount regulation reserve Scotch banks Scotland Scottish banks securities share certificates shareholders Sir Robert Peel specie statement tion transfer
Popular passages
Page 87 - 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.
Page 11 - 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.
Page 82 - 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.
Page 32 - ... 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.
Page 181 - Chancellor of the Exchequer consider best calculated for giving public and general notice thereof, and shall be laid before both Houses of Parliament within fourteen days after it is made, or if Parliament be not then sitting, within fourteen days after the then next meeting of Parliament.
Page 214 - To the Governor and the Deputy Governor of the Bank of England. Gentlemen, -We have the honour to acknowledge the receipt of your letter of this day to the Chancellor of the Exchequer, in which you state the course of action at the Bank of England, under the circumstances of sudden anxiety, which have arisen since the stoppage of Messrs. Overend, Gurney, and Co., Limited, yesterday. We learn with regret that the Bank reserve, which stood so recently as last night...
Page 159 - With respect to the banking business of the Bank, I propose that it should be governed on precisely the same principles as would regulate any other body dealing with Bank of England notes.
Page 136 - 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.
Page 215 - ... 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.
Page 67 - 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.