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Banking; Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for ... to the Right Hon. Lord Althorp, Chancellor o - Softcover
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Excerpt from Banking; Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for Granting Licences to Chartered Banks: Most Respectfully Addressed to the Right Hon. Lord Althorp, Chancellor of the Exchequer, and Chairman of the Secret Committee, Appointed by the House of Commons in Session 1832
Supposing 10 per cent to be subscribed on the esti mated value of the real estates in England and Wales, say and allowing each Chartered Bank, to issue paper for three times more than the subscribed capital. It would produce a circulating currency of and this may be considered a fair ratio to estimate the amount required, to which I would add, for the extra capital of which by 3 would give, say making together 18 millions.
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Banking (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book puts forth a radical proposal: that the role of banker should move from private to public hands. The author produces a critique of the Bank of England in its failure to adequately respond to the financial crisis of 1825 and proposes several reforms. Firstly, that the government should control all issuance of paper currency, but more importantly, that the government should establish a network of publicly-owned banks to distribute loans to the economy. The author leaves no stone unturned in their critique of the Bank of England and demonstrates a deep understanding of monetary theory. Timely and insightful, this book argues persuasively for the benefits of a national banking system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781333213602_0
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Banking Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for to the Right Hon Lord Althorp, Chancellor o
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Banking Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for to the Right Hon Lord Althorp, Chancellor o
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781333213602
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