They receive the banker’s notes in the common course of their business, and they have only not to take those notes to the banker for payment. │. A theorist may easily map out a scheme of Government in which Queen Victoria could be dispensed with. ‘We felt satisfied that, however plausible were the reasons urged… Poursuivre la lecture [118] even of these reserves the greater part is probably held by the older and more

And this feeling was very natural. (c) Excluding balances in Gold Standard Reserve. And in the second place, the Secretary of State’s method of selling exchange results in his dealing exclusively with the Exchange Banks and financial houses, and not directly with the trading public. 3. But this may be very far from the retail… Poursuivre la lecture This prosperity is precarious as far as it is real, and transitory in so far as

A. If this kind of speculation were now applied to banking, the natural and first idea would be that large systems of deposit banking grew up in the early world, just as they grow up now in any large English colony. Lastly, if the Secretary of State has considerable cash balances in India, it may… Poursuivre la lecture In the second place, the government can postpone for a short time a demand for rupees

Yet in the course of that month there was a premium on gold of about ¾ per cent in France, Germany, Russia, Austria–Hungary,[9] and Belgium. On the other hand, supposing that this single depositor is one of calculable habits–suppose that it is a public body, the time of whose demands is known, and the time… Poursuivre la lecture Just so, an immense system of credit, founded on the bank of england as its pivot

This is due to the fact that the Government Treasuries, the Presidency Banks, and possibly other banks and large merchants, use the notes as a convenient method of avoiding the custody of large quantities of silver during the slack season when rupees are not wanted. When, therefore, we are considering to what extent the Government… Poursuivre la lecture The maximum absorption in the october to december quarter was 11·39 lakhs in 1905–6, and the

Mr. Mr. Accordingly, in every panic these sums are sure to be called in from the bill-brokers; they were wanted to be used by their owners in time of panic, and in time of panic they ask for them. The government of the Bank should be improved in a manner to be explained. His time… Poursuivre la lecture The effect of these successive changes has been to make the old system of circles virtually

_Jhang. During the eventful weeks in November 1907, when the Bank of England rate stood at 7 per cent, the Bank of Bengal rate did not rise above 6 per cent. What part of this total is employed for ornament, what part for hoarding, what part is melted down, and what part is left truly… Poursuivre la lecture ‘the demand in this case arose in the most effective of all ways

An examination of the chart shows that the Indian Money Market enjoys years of high and low average rates respectively, just as other markets do. This unwillingness was due to a variety of causes. An idea prevails (as I believe) at the Bank of England that they ought not to advance during a panic on… Poursuivre la lecture Gillan) and for 1911–12 (written by mr