The Bank of England Note Issue and Its Error: An Address to the Holders of Bank of England Stock, and to Bankers and Economists Generally

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Cassell, Petter & Galpin, 1874 - Paper money - 298 pages
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Page 79 - ... issue department, save as hereinafter is mentioned, but it shall be lawful for the said governor and company to diminish the amount of such securities, and again to increase the same to any sum not exceeding in the whole the sum of fourteen million pounds, and so from time to time as they shall see occasion...
Page 219 - ... the rights of the said governor and company to be paid for the management of the public debt at the rate and according to the terms provided in an act passed in the...
Page 217 - Company shall be and be deemed a part ; and there shall also at the same Time be transferred, appropriated, and set apart by the said Governor and Company to the said Issue Department so much of the Gold Coin and Gold and Silver Bullion then held by the Bank of England as shall not be required by the Banking Department thereof...
Page 217 - Notes, or for Gold Coin or for Gold or Silver Bullion received or purchased for the said Issue Department under the Provisions of this Act, or in exchange for Securities acquired and taken in the said Issue Department under the Provisions herein contained: Provided always, that it shall be lawful for the said Governor and Company in their Banking Department to issue all such Bank of England Notes as they shall at any Time receive from the said Issue Department or otherwise, in the same Manner in...
Page 217 - Department thereof; and thereupon there shall be delivered out of the said Issue Department into the said Banking Department of the Bank of England such an Amount of Bank of England Notes as, together with the Bank of England Notes then in circulation, shall be equal to the aggregate Amount of the Securities, Coin, and Bullion so transferred to the said Issue Department of the Bank of England; and the whole Amount of Bank of England Notes then in circulation, including those delivered to the Banking...
Page 301 - Suggestions in reference to the Metallic Currency of the United States of America.
Page 217 - ... the said Governor and Company to diminish the Amount of such Securities, and again to increase the same to any Sum not exceeding in the whole the sum of Fourteen million Pounds, and so from Time to Time as they shall see Occasion . and from and after such Transfer and Appropriation to the said Issue Department as aforesaid it shall not be lawful for the said Governor and Company to issue Bank of England Notes, either into the Banking Department of the Bank of England, or to any...
Page 217 - Department as aforesaid it shall not be lawful for the said Governor and Company to issue Bank of England notes, either into the Banking Department of the Bank of England, or to any persons or person whatsoever, save in exchange for other Bank of England notes, or for gold coin or for gold or silver bullion received or purchased for the said Issue Department under the provisions of this Act, or in exchange for securities acquired and taken in the said Issue Department under the provisions herein...
Page 217 - One thousand eight hundred and forty-four, there shall be transferred, appropriated, and set apart by the said Governor and Company to the Issue Department of the Bank of England securities to the value of Fourteen million pounds, whereof the debt due by the public to the said Governor and Company...
Page 219 - Debt, shall cease, and in lieu thereof the said Governor and Company, in consideration of the Privileges of exclusive Banking, and the Exemption from Stamp Duties, given to them by this Act, shall during the Continuance of such Privileges...

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