The Ministry of the day authorised the Bank to borrow from the currency reserve in aid of the banking reserve, and the Bank of England did so borrow several hundred pounds till the end of the month of November. And the present state of banking makes this peculiarly difficult. Fowler Committee on Indian Currency. │ 189 │ └——────——┴—————─────–┴———──────———┴———──────———┴————───────———┘ (a) Of Mr.
‘to the good,’ holds that 100 L. 25. .
The Indian Specie Bank is the only Indian Joint Stock Bank having a branch office in London; but this is probably in connexion with its business in silver and pearls, and this Bank does not transact any considerable volume of business of the kind undertaken by Exchange Banks. The board of directors is in fact self-electing. │ 112 │ 112 │ 154 │ │ 1890 │.
It is sometimes said that any foreign country can borrow in Lombard Street at a price: some countries can borrow much cheaper than others; but all, it is said, can have some money if they choose to pay enough for it.