Journal of the Institute of Bankers, Volume 40Institute of Bankers., 1919 - Banks and banking |
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Common terms and phrases
amount Annual Arthur Bank of England Bank of Liverpool Bank of Montreal Bank of South Barclays Bank Limited Barclays Bank Ltd BART Birmingham Branch British capital cent Centre Charles cheque City & Midland City and Midland CLEMENT'S LANE Commercial Committee Council currency notes debt economic Edward Examinations export foreign George Germany Government Harold Hartley Withers income increase indemnity industry Institute of Bankers investments John Journal Killed in action lecture liability Liverpool and Martins Lloyds Bank Limited Lloyds Bank Ltd Lombard Street London County Westminster London Joint City Lord Manchester Messrs Midland Bank Midland Bank Limited Midland Bank Ltd Miss National Bank National Provincial Newcastle-on-Tyne note issue Office paid Parr's Bank Ltd payment present Prize Provincial and Union question Report Secretary Sheffield Threadneedle Street trade Union Bank UNIV West Yorkshire Westminster and Parr's Yorkshire Bank
Popular passages
Page 203 - That no action shall be brought whereby to charge any person upon or by reason of any representation or assurance made or given concerning or relating to the character, conduct, credit, ability, trade, or dealings of any other person, to the intent or purpose that such other person may obtain credit, money, or goods upon, unless such representation or assurance be made in writing, signed by the party to be charged therewith.
Page 209 - Where a bill, issued out of the United Kingdom, conforms, as regards requisites in form, to the law of the United Kingdom, it may, for the purpose of enforcing payment thereof, be treated as valid as between all persons who negotiate, hold, or become parties to it in the United Kingdom.
Page 112 - The Allied Governments feel that no doubt ought to be allowed to exist as to what this provision implies. By it they understand that compensation will be made by Germany for all damage done to the civilian population of the Allies and their property by the aggression of Germany by land, by sea, and from the air.
Page 30 - Unless the machinery which long experience has shown to be the only effective remedy for an adverse balance of trade and an undue growth of credit...
Page 17 - The cessation of government borrowing as soon as possible after the war. We recommend that at the earliest possible moment an adequate sinking fund should be provided out of revenue, so that there may be a regular annual reduction of capital liabilities, more especially those which constitute the floating debt (paras 16 and 17).
Page 310 - Banking Business of Every Description transacted at all Branches and Agencies. Current Accounts opened on the usual terms, and Deposits Received for fixed periods at rates which may be ascertained on application. Savings Bank Accounts opened on terms, particulars of which may be obtained at Branches. Bills Negotiated and Collected. Drafts issued, Mail and Telegraphic Remittances made. Letters of Credit and Commercial Crédite established. Travellers' Letters of Credit issued available to all parts...
Page 11 - ... its rate of discount. The raising of the discount rate had the immediate effect of retaining money here which would otherwise have been remitted abroad and of attracting remittances from abroad to take advantage of the higher rate, thus checking the outflow of gold and even reversing the stream. If the adverse condition of the exchanges was due not merely to seasonal fluctuations, but to circumstances tending to create a permanently adverse trade balance, it is obvious that the procedure above...
Page 155 - The relation between banker and customer is that of debtor and creditor, with a superadded obligation on the part of the banker to honour the customer's cheques if the account is in credit.
Page 10 - England and paid for it by a cheque on his account. The Bank obtained the gold from the Issue Department in exchange for notes taken out of its banking reserve, with the result that its liabilities to depositors and its banking reserve were reduced by an equal amount, and the ratio of reserve to liabilities consequently fell. If the process was repeated sufficiently often to reduce the ratio in a degree considered dangerous, the Bank raised its rate of discount. The raising of the discount rate had...
Page 11 - When apart from a foreign drain of gold, credit at home threatened to become unduly expanded, the old currency system tended to restrain the expansion and to prevent the consequent rise in domestic prices which ultimately causes such a drain. The expansion of credit, by forcing up prices, involves an increased demand for legal tender currency both from the banks in order to maintain their normal proportion of cash to liabilities and from the general public for the payment of wages and for retail...