Report from the Select Committee on Banks of Issue: Together with the Proceedings of the Committee, Minutes of Evidence, and Appendix. Ordered, by the House of Commons, to be Printed, 22 July 1875H.M. Stationery Office, 1875 - 559 pages |
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Page 62
... liabilities to the public , and the pro- fits after deducting expenses . This statement is prepared upon the plan which has been adopted by the " Economist , " and which I think is easily understood . 839. Will you state generally what ...
... liabilities to the public , and the pro- fits after deducting expenses . This statement is prepared upon the plan which has been adopted by the " Economist , " and which I think is easily understood . 839. Will you state generally what ...
Page 63
... liabilities to the public . Mr. Goschen . 857. I think that you have answered my ques- tion , but in order that there may be no misun- derstanding I should like to state it again if the Committee will allow me ; the profit of one bank ...
... liabilities to the public . Mr. Goschen . 857. I think that you have answered my ques- tion , but in order that there may be no misun- derstanding I should like to state it again if the Committee will allow me ; the profit of one bank ...
Page 65
... liabilities , in fact , are the de- posits , plus the notes and acceptances ? -Exactly so ; the total liabilities to the public . Mr. Torr . 907. Could you give the Committee the amount of notes and acceptances ? -The notes were 7,000 ...
... liabilities , in fact , are the de- posits , plus the notes and acceptances ? -Exactly so ; the total liabilities to the public . Mr. Torr . 907. Could you give the Committee the amount of notes and acceptances ? -The notes were 7,000 ...
Page 67
... liabilities amount to a million and a half in the case of each bank . The aggregate amount of the liabilities of these 21 English Provincial Banks is 78,000,000 l . , and the comparison therefore , so far as the amounts are concerned ...
... liabilities amount to a million and a half in the case of each bank . The aggregate amount of the liabilities of these 21 English Provincial Banks is 78,000,000 l . , and the comparison therefore , so far as the amounts are concerned ...
Page 72
... liabilities that may be incurred in time of a panic ? -Notwithstanding the fact to which you refer , of the Western Bank having a much larger issue on the day of its stoppage than it would return upon an ordinary exchange day , I am not ...
... liabilities that may be incurred in time of a panic ? -Notwithstanding the fact to which you refer , of the Western Bank having a much larger issue on the day of its stoppage than it would return upon an ordinary exchange day , I am not ...
Common terms and phrases
65 miles Act of Parliament advantage allowed amount of gold answer authorised issue average aware Backhouse bank notes Bank of England Bank of Ireland Bank of Scotland banks of issue bills branch banks branches cash cent Chairman-continued charge cheques Clydesdale Bank commission Committee competition consider country banks course Cumberland customers deposits discount doubt England notes English banks extent fact Gairdner give Goschen Goschen-continued honourable Member increase Irish banks issue notes issuing banks joint stock banks legal tender liabilities London bankers ment monopoly not?-Yes note circulation note issue opinion Orr Ewing Parliament payable power of issue private banks privilege of issue profit proportion provincial banks question regard reserve right of issue Royal Bank Sampson Lloyd Scotch banks Scotch notes Scotch system Sir John Lubbock Sir John Lubbock-continued Sir Robert Peel Stephen Cave suppose tion William Shaw
Popular passages
Page 15 - Parliament, and that it shall not be lawful for any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership 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 iii - Orders of The House, examined the matters to them referred; and have agreed to the following REPORT...
Page 40 - ... the bank of England) or for any other persons whatsoever united or to be united in covenants or partnership, 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 at demand, or at any less time than six months from the borrowing thereof.
Page 43 - An Act for giving to the Corporation of the Governor and Company of the Bank of England certain privileges for a limited period...
Page 45 - ... trade or business of banking in London, or within sixty-five miles thereof, provided that such body politic or corporate, or society, or company, or partnership, do not borrow, owe, or take up in England, 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, during the continuance of the privileges granted by this Act to the said Governor and Company of the Sank of England." All notes of the Bank of England, payable...
Page 224 - And be it enacted, That all the compositions payable to the several bankers mentioned in the Schedule hereto marked (C.), and such other bankers as shall agree with the said Governor and Company to discontinue the issue of their own bank notes as aforesaid, shall, if not previously determined by the act of such banker as hereinbefore provided, cease and determine on the First day of August One thousand eight hundred and fifty-six, or on any earlier day on which Parliament may prohibit the issue of...
Page 5 - And whereas the intention of this act is, that the governor and company of the Bank of England should during the period stated in this act (subject nevertheless to such redemption as is described in this act,} continue to hold and enjoy all the exclusive privileges of banking given by the said recited act of the thirty-ninth and fortieth years of the reign of his Majesty King George...
Page 228 - England, expressed to be payable to bearer on demand, shall be a legal tender to the amount expressed in such note or notes, and shall be taken to be valid as a tender to such amount for all sums above five pounds, on all occasions on which any tender of money may be legally made, so long as the Bank of England shall continue to pay on demand their said notes in legal coin...
Page 217 - 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 43 - ... during the continuance of the corporation of the governor and company of the Bank of England, no other bank, or any other corporation, society, fellowship, company, or constitution in the nature of a bank, shall be erected, or established, permitted, suffered, countenanced, or allowed by act of parliament, within...