The principles and practice of banking |
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Page 23
The rate of discount charged on foreign bills was six per cent . , which was the
highest legal interest . Aug . 30 . The bank discounted foreign bills at four and a
half per cent . ; and Oct . 24 , the discount on inland bills was six per cent . 1695 .
The rate of discount charged on foreign bills was six per cent . , which was the
highest legal interest . Aug . 30 . The bank discounted foreign bills at four and a
half per cent . ; and Oct . 24 , the discount on inland bills was six per cent . 1695 .
Page 24
discount . During the recoinage in 1696 , the bank had issued their notes in
exchange for the clipped and deficient coin previously in circulation , and they
were not able to procure from the mint a sufficient quantity of the new coins to
discharge ...
discount . During the recoinage in 1696 , the bank had issued their notes in
exchange for the clipped and deficient coin previously in circulation , and they
were not able to procure from the mint a sufficient quantity of the new coins to
discharge ...
Page 30
The rate of discount on bills drawn within the kingdom was raised to five per cent
. ; bills drawn without the kingdom were still discounted at four per cent . 1745 . A
RUN upon the bank , occasioned by the rebellion in Scotland , and supposed to ...
The rate of discount on bills drawn within the kingdom was raised to five per cent
. ; bills drawn without the kingdom were still discounted at four per cent . 1745 . A
RUN upon the bank , occasioned by the rebellion in Scotland , and supposed to ...
Page 33
The bank baving resolved to reduce their discounts , placed the following notice
in the discount office :“ Bank of England , 31st December , 1795 . " Pursuant to an
order of the Court of Directors : “ Notice is hereby given , “ That no bills will be ...
The bank baving resolved to reduce their discounts , placed the following notice
in the discount office :“ Bank of England , 31st December , 1795 . " Pursuant to an
order of the Court of Directors : “ Notice is hereby given , “ That no bills will be ...
Page 39
That the discounts should be made only upon bills growing out of real
commercial transactions , and falling due in a fixed ... such rules of discount ; and
that during the suspension of cash payments , the discount of good bills falling
due at short ...
That the discounts should be made only upon bills growing out of real
commercial transactions , and falling due in a fixed ... such rules of discount ; and
that during the suspension of cash payments , the discount of good bills falling
due at short ...
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Common terms and phrases
accept advances advantage agents allowed amount appears balance Bank of England banker become bills branches called capital carried cash cause cent charge cheques circulation Clearing clerks committee consequence considerable continued country bankers course currency customers debt demand deposits directors discount dividends drawn duties effect employed entered established exchange extent foreign formed funds give given gold Government governor hands hence important increase individuals interest Ireland issue joint-stock banks keep less letters loans London loss manager means meet merchants months necessary notes notice obtain occasion operations paid parties passed payable payment period person practice present pressure principle produce profit rate of interest reason received reduced respect returns Scotland securities shares speculation taken trade transactions transfer usually whole
Popular passages
Page 570 - But who am I, and what is my people, that we should be able to offer so willingly after this sort? for all things come of thee, and of thine own have we given thee.
Page 571 - Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the Lord of hosts, if I will not open you the windows of heaven and pour you out a blessing, that there shall not be room enough to receive it.
Page 330 - Truly the light is sweet, and a pleasant thing it is for the eyes to behold the sun...
Page 434 - Misdemeanour, and, being convicted thereof, shall be liable, at the Discretion of the Court, to be transported beyond the Seas for any Term not exceeding Fourteen Years nor less than Seven Years, or to suffer such other Punishment by Fine or Imprisonment, or by both, as the Court shall award...
Page 569 - Thine, O Lord, is the greatness, and the power, and the glory, and the victory, and the majesty: for all that is in the heaven and in the earth is thine; thine is the kingdom, O Lord, and thou art exalted as head above all.
Page 561 - Prepare thy work without, and make it fit for thyself in the field ; and afterwards build thine house.
Page 13 - Company of 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 169 - And all bills, drafts, or orders, for the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed...
Page 434 - ... share or interest in any public stock or fund, whether of this kingdom, or of Great Britain, or of Ireland, or of any foreign state, or in any fund of any body corporate, company, or society...
Bibliographic information
| Title | The principles and practice of banking |
| Author | James William Gilbart |
| Published | 1871 |
| Original from | Oxford University |
| Digitized | 4 Jul 2006 |
| Export Citation | BiBTeX EndNote RefMan |