...Iwnkingdepartinent the amount of notes which the issue-department by law will be entitled to issue. With respect to the banking business of the Bank,...fixed amount of securities on which I propose that the Bonk of England should issue notes is 14,000,000?.. and the whole of the remainder of the circulation...

...transferred the whole amount of bullion now in the possession of the Bank, and that the Issue of Batik Notes should hereafter take place on two foundations,...propose that the Bank of England should issue notes, is 14,000,OOOZ., the whole of the remainder of the circulation to be issued exclusively on the foundation...

...bankingdepartment the amount of notes which the issue-department by law will be entitled to issue. With respect to the banking business of the Bank,...Bank of England should issue notes is 14,000,000?., and the whole of the remainder of the circulation is to be issued exclusively on the foundation of...

...bankingdepartment the amount of notes which the issue-department by law will be entitled to issue. With respect to the banking business of the Bank,...propose that the Bank of England should issue notes is 14,000,0002., and the whole of the remainder of the circulation is to be issued exclusively on the...

...which was to work according to a certain rule; but, to use the right hon. Baronet's words of 1844, " With respect to the banking business of the Bank, I propose that it should he governed on precisely the same principles as would regulate any other body dealing with Bank of...

...banking might safely be left to its ordinary course. Sir Robert Peel said on the 6th of May, 1844 :— ' With respect to the banking business of the Bank, I propose that it shall be governed upon precisely the same principles as would regulate any other body dealing with...

...necessary for us to quote Sir Robert Peel against himself. On the 6th May, 1844, he spoke as follows: — "With respect to the banking business of the Bank, I propose that it shall be governed upon precisely the same principles as would regulate any other body dealing with...

...transferred the whole amount of bullion now in the possession of the bank, and that the issue of bank-notes should hereafter take place on two foundations, and...business of the bank, I propose that it should be goverued on precisely the same principles as would regulate any other body dealing with Bank of England...

...hereafter taki1 place on two foundations, and two foundations only: — first, on a definite amount . t public securities ; secondly, exclusively upon bullion....of the bank, I propose that it should be governed mi precisely the same principles as would regulate any other body dealing with Bank of England notes....

...by law the issue department will be entitled to issue. The banking business of the Bank, I propose, should be governed on precisely the same principles...Bank of England should issue notes, is £14,000,000, and the whole remainder of the circulation is to be issued exclusively on ilie foundation of bullion....