Mois : janvier 2022

And if he constantly kept a large hoard of barren money he would soon be found in the ‘Gazette. What then ought to be done? In opposition to what might be at first sight supposed, the best way for the bank or banks who have the custody of the bank reserve to deal with a… Poursuivre la lecture But they are great lenders to those who lend

Even supposing trade to have remained stationary, a greater capital would be required to carry it on after such a rise of prices as has been described than was necessary before that rise. ] Acceptances have been omitted in the above, the amount of bills payable is supposed to be deducted from cash, and various… Poursuivre la lecture But i maintain that the money market is as concrete and real as anything else; that

Difficulties very soon arose (in 1863) through the Government’s requiring the use of its funds at a time when the Bank of Bengal could only sell out the securities in which it had invested them at a considerable loss. By Acts of 1839–43 the Presidency Banks of Bengal, Bombay, and Madras were authorised to issue… Poursuivre la lecture A continuance of very high prices would produce the reverse effect; it would slacken demand in

A man of known wealth, known integrity, and known ability is largely entrusted with the money of his neighbours. Nothing can be truer in theory than the economical principle that banking is a trade and only a trade, and nothing can be more surely established by a larger experience than that a Government which interferes… Poursuivre la lecture At the beginning of the time the london and westminster bank had lent 5,000,000 l

If any one proposed to give such power to the Chancellor of the Exchequer, there would be great fear and outcry. The principal items of the Home Charges are analysed below. In times of panic there is always a very heavy call, if not a run upon them; and in consequence of the essential nature… Poursuivre la lecture Supposing the panic to grow, it will be demanded, and the reserve will be lessened accordingly

High rates of 7 or 8 per cent are not obtainable in India all the year round. The case is worse, because at most periods of great commercial excitement there is some mixture of the older and simpler kind of investing mania. Brunyate, who remarks on its appropriateness to present conditions. All the present directors,… Poursuivre la lecture Payments out of the bankers’ balances, therefore, correspond with payments in

In one respect, however, I admit that I am about to take perhaps an unfair advantage. But in modern bill-broking the credit of the bill-broker is a vital element. But, in my judgment, the Act of 1844 is only a subordinate matter in the Money Market; what has to be said on it has been… Poursuivre la lecture But this idea has no present relation to the constitution of the bank of england

The season of 1907–8 was a failure, and at the end of 1907 came the crisis in America. Unless the Bank of England lend, no stock will be bought. Let us suppose that exchange between London and Calcutta were fixed at 1s. The result of these banks, as regards the dividends they pay, is– No.… Poursuivre la lecture From its very short period point of view the city is sometimes cross when this indian