This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 edition. Excerpt: ...is never suspended, except in extreme cases as formerly, the position of the Bank of England would be strengthened. 2. An objection may also be raised from the possibility of an internal drain arising at the same time as a foreign drain. But, in the first place, the experience of Scotland lends very small ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 edition. Excerpt: ...is never suspended, except in extreme cases as formerly, the position of the Bank of England would be strengthened. 2. An objection may also be raised from the possibility of an internal drain arising at the same time as a foreign drain. But, in the first place, the experience of Scotland lends very small probability to this supposition. 1 notes are not of such a low denomination as to be held in large quantities by the mass of the people, who are quite unfamiliar with credit, and who might be liable to a sudden panic. And, secondly, if there were a corresponding reserve in the issue department, the convertibility of the notes would never be in danger. The foreign drain could only operate through the notes. 3. As regards the danger of forgery, it is a curious fact that in Scotland spurious sovereigns are more frequently met with than forged 1 notes, and the art of engraving notes has made much progress since England had 1 notes in circulation (1826). The limits of this paper will not allow me to notice the wider aspects of the question. I have supposed throughout, the minimum of change in our currency regulations. I will only say in conclusion that the change suggested is, in my opinion, so far a step towards a system more in harmony with the requirements of the country. These more fundamental questions, however, it would be useless merely to mention cursorily at the conclusion of a paper written from a much lower standpoint. I will repeat, that the question to which I think the discussion, if it is to be practical, must be at present confined is this: What would be the effect of the introduction of 1 notes without contravening the principles of the Act of 1844, which has since that date formed the basis of our currency?...
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Seller's Description:
This book has hardback covers. Ex-library, With usual stamps and markings, In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 700grams, ISBN:
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Seller's Description:
Fourth edition (hardback). 12mo (19cm by 13cm), xviii, 448pp. Original dark green cloth, gilt titling to the spine. Some rubbing and marking of the boards, minor foxing of the preliminary pages, short ownership inscription, some pencil annotations to the contents pages. Overall, this copy is in good condition.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
