All the bin-brokers can do is to offer better rates for more permanent money, and this

There is a danger that the matter may not be thought out until, quite suddenly, the financial crisis comes, and that then, while the decision is being taken and the best advice sought, an inadvertent delay will intervene. 3d. It was not unnatural that in this state of things a certain degree of alarm should have taken possession of the public mind, and that those who required accommodation from the Bank should have gone to the Chancellor of the Exchequer and requested the Government to empower us to issue notes beyond the statutory amount, if we should think that such a measure was desirable.

It is not impossible that this might be the case. ; scarcely any other event would have an equal effect. 18. So great was that difficulty that the practice of hoarding was common. Let us sum up the argument so far, and enforce at the same time the contention, brought up at the end of Chapter I. .

If there is great stringency in the London Market and London is in urgent need of funds, the use of the last two methods can be so much restricted that India can be practically forced to pay what is owing in gold.

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *