 | Commerce - 1866 - 496 pages
...Botee, or of otherwise reducing the coat of their circulation The expense should be borne by the public. of the Bank of England in circulation for some years...society, or under any mere commercial vicissitudes, Ьз reduced below fourteen millions. An the Act of 1844 allows the Bank to issue this amount upon... | |
 | Commerce - 1866 - 974 pages
...the Bank will have » r*»""1 Mr. McCulloch says on this point, page 403 of his treatise: "Tb< м*-1 of the Bank of England in circulation for some years...previously to 1844 rarely amounted to twenty or sunk so low аз sixteen millions. And such being the case, Sir Robert Peel was justified in assuming that the... | |
 | Joseph Hume Francis - Banks and banking - 1888 - 310 pages
...the notes of the bank are legal tender elsewhere, they are not such in payments by the bank itself. The notes of the Bank of England in circulation for...millions. And such being the case, Sir Robert Peel was said to be justified in assuming that the circulation of the bank could not, in any ordinary condition... | |
 | Joseph Shield Nicholson - Bimetallism - 1888 - 402 pages
...rarely amounted to £20,000,000, or sunk so low as £16,000,000. And such being the case, Sir Eobert Peel was justified in assuming that the circulation...any mere commercial vicissitudes, be reduced below £14,000,000. And the Act of 1844 1 ' Macculloch's Commercial Dictionary ' — Article "Bank." allows... | |
 | Encyclopedias and dictionaries - 1888 - 928 pages
...liberty to manage the hitter at discretion, while they should have no power whatever over the other. The notes of the Bank of England in circulation for...rarely amounted to twenty, or sunk so low as sixteen minions. And such being the case, Sir Robert Peel was justified in -assuming that toe circulation of... | |
 | Joseph Shield Nicholson - Bimetallism - 1888 - 424 pages
...object of the Act was to regulate the issues of bank-notes, and the plan adopted was as follows :l " The notes of the Bank of England in circulation for some years previously to 1844 rarely amounted to £20,000,000, or sunk so low as £16,000,000. And such being the case, Sir Eobert Peel was justified... | |
 | Joseph Shield Nicholson - Bimetallism - 1893 - 444 pages
...rarely amounted to £20,000,000, or sunk so low as £16,000,000. And such being the case, Sir Eobert Peel was justified in assuming that the circulation...any mere commercial vicissitudes, be reduced below £14,000,000. And the Act of 1844 allows the Bank to issue this amount upon securities of which the... | |
 | Encyclopedias and dictionaries - 1907 - 780 pages
...liberty to manage the latter at discretion, while they should have no power whatever over the other. The notes of the Bank of England in circulation for...of the bank could not, in any ordinary condition of «ociety, or under any merely commercial vicissitudes, be reduced below fourteen millions. And the... | |
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England in circulation for some years previously to 1844 rarely amounted to twenty or sunk so low as sixteen millions. And such being the case, Sir Robert Peel was justified in assuming that the circulation of the Bank could not, in any ordinary condition... 