Analysis of the Minutes of Evidence Taken Before the Select Committee of the House of Commons on Banks of Issue, 1875; With a Selection from the Evidence
Analysis of the Minutes of Evidence Taken Before the Select Committee of the House of Commons on Banks of Issue, 1875; With a Selection from the Evidence
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. 1876 Excerpt: ...of the Scotch banks in 1845 considerably exceeded 11,000,000. I have not the precise figures, but my impression is that they have been given in evidence in this inquiry. Their capital is now, I believe, 9,600,000, showing a considerable reduction. In 1845 the deposits of the Scotch banks were estimated at under 35,000 ...
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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. 1876 Excerpt: ...of the Scotch banks in 1845 considerably exceeded 11,000,000. I have not the precise figures, but my impression is that they have been given in evidence in this inquiry. Their capital is now, I believe, 9,600,000, showing a considerable reduction. In 1845 the deposits of the Scotch banks were estimated at under 35,000,000; now they are 80,500,000. In 1845 the circulation of the Scotch banks was 3,000,000; now it is 6,000,000. In 1845 the acceptances of the Scotch banks were practically nil; in 1873 they were fully 6,000,000; now they exceed 5,000,000. In 1845 the paid-up capital of the Scotch banks amounted to quite 30 per cent, of their liabilities to the public; now the paid-up capital and the reserve funds together amount to only 15 per cent, of their liabilities to the public. Not only have the liabilities of the Scotch banks in proportion to their own resources very largely increased, but some of them have entered upon the unlimited business of banking south of the Tweed. 6203. Do you know whether the majority of the Scotch banks approve of the Clydesdale Bank coming south of the Tweed )--I believe that I am guilty of no breach of confidence in saying that, when the Scotch banks were good enough to meet the committee of English country banks, of which I am a member, the other Scotch banks expressed very strong disapproval of the course which the Clydesdale Bank had taken in intruding into Cumberland; and they used all their influence with that bank, unfortunately without success, to induce it to withdraw from the position which it had taken up. In justice to the Scotch banks, I should add that whilst disapproving of the action of the Clydesdale Bank, they did not, of course, express any opinion as to the ...
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First Edition. Hardback. No Dust Jacket. 8vo. pp viii, 584. Original publisher's deep red cloth, lettered gilt on spine. One of 350 copies printed. Slight foxing to preliminaries and some sunning at spine, front spine hinge and top front edge, otherwise sound, clean, close very good. Pages uncut.