But few are now found who dispute on broad general

Finally, he explained his views in detail to the Committee of click here 1898. ‘The reason this website is plain; out of the see article this link banks which pay more than 20 per this website cent, all but one were old this page established banks, this page this article click here and all those paying click here this link between 15 and 20 per cent were old banks this article too. The table given below shows click here with website this website what this link rapidity the see article part taken this link by foreign bills and credits in the finance of the Reichsbank this link has been this page growing. Under every system of banking, whether that in which the reserve this page this page is kept in many banks, see article or one in click here which it is this article this page kept in here a single bank only, there this link will always be this article a class of persons who examine this page more carefully this page than click here busy bankers can see more the this link this website nature see more this article this link of different securities; click here and who, click here by attending website only to one see article class, come to be particularly well acquainted with that class. After this link the panic here here of 1866, especially this link after website the suspension of Peel’s Act this link (which many foreigners confound with a suspension of cash payments), here a large amount of foreign here money see more click here was withdrawn this article from London. ” In a click here despatch to the Secretary of State, dated May 16, 1912, the Government of India proposed to open the Bombay Mint to the coinage of sovereigns. this article │.

And what is more, website the Bank directors are not here website this article trained this page bankers; they were not bred to the trade, and do not in general give the main here power click here of their minds to it.

see more this article This article was much disliked by many of the Bank directors, see article and see article especially by some whose opinion here is this link of great authority. this website According to the official statement which I quoted before, ‘we,’ that is, the Bank directors, see more click here ‘lent money here by this link every possible means, and in modes which we had never adopted see more before; we took in website this page stock this article on security, we purchased Exchequer Bills, we made advances on Exchequer Bills, here we this website not only discounted outright, but we this website made advances this link here click here on this page deposits of bills of see more click here Exchange website website see article to an immense amount in short, by every possible here means consistent with the this article safety see more of the Bank. of fresh money ready to come into this website click here the click here market. . But any conclusion as to the possible magnitude of this link the adverse balance at which one can arrive on the basis here of here them click here is little better than this article a guess.

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