★ Find a new page on our Untranscribed Manuscripts list.
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
'''[{{fullurl:JB/002/331/001|action=edit}} Click Here To Edit]''' | '''[{{fullurl:JB/002/331/001|action=edit}} Click Here To Edit]''' | ||
<!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | <!-- ENTER TRANSCRIPTION BELOW THIS LINE --> | ||
<p>p26</p> | |||
<p><!-- Pencil note -->Exchequer Note <note>Cause of <gap/></note></p> | |||
<p>Causes. Paper Money - <hi rend="underline">why</hi> not circulated by<lb/> | |||
Government without Interest<lb/> | |||
as well as by Individuals.</p> | |||
The contract between the terms on which Bank <note><!-- Marginal note in pencil -->1<lb/> | |||
Cases of the disadvantage,<lb/> | |||
what.<lb/> | |||
It can not be any<lb/> | |||
inferiority of government<lb/> | |||
in respect<lb/> | |||
of credit</note><lb/> | |||
<add>Paper is</add> Notes are received and those on which Government<lb/> | |||
Paper is received has been already brought<add>noticed.</add> under<add>to</add><lb/> | |||
view. The inferiority of the latter can never be owing<lb/> | |||
to any inferiority in print of credit. The credit<lb/> | |||
of the Bank of England can never be greater than<lb/> | |||
that of the Government of Great Britain. One reason<lb/> | |||
that may save the looking out for others is this,<lb/> | |||
that the capital of the Bank having been the greatest<lb/> | |||
part of it laid out in the purchase of Government<lb/> | |||
Annuities the Bank <add>Dealers in that company</add> as to so much can never pay <add>distribute</add><lb/> | |||
<add>over those annuities in the shape of</add> <del>its</del> dividends to <add>amongst</add> the Stock holders any further than as<lb/> | |||
they have received them from Government. A man | |||
<!-- DO NOT EDIT BELOW THIS LINE --> | <!-- DO NOT EDIT BELOW THIS LINE --> | ||
{{Metadata:{{PAGENAME}}}} | {{Metadata:{{PAGENAME}}}} | ||
p26
Exchequer Note Cause of
Causes. Paper Money - why not circulated by
Government without Interest
as well as by Individuals.
The contract between the terms on which Bank 1
Cases of the disadvantage,
what.
It can not be any
inferiority of government
in respect
of credit
Paper is Notes are received and those on which Government
Paper is received has been already broughtnoticed. underto
view. The inferiority of the latter can never be owing
to any inferiority in print of credit. The credit
of the Bank of England can never be greater than
that of the Government of Great Britain. One reason
that may save the looking out for others is this,
that the capital of the Bank having been the greatest
part of it laid out in the purchase of Government
Annuities the Bank Dealers in that company as to so much can never pay distribute
over those annuities in the shape of its dividends to amongst the Stock holders any further than as
they have received them from Government. A man
