Proposals for an Economical and Secure Currency - Bookswagon
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Proposals for an Economical and Secure Currency

Proposals for an Economical and Secure Currency


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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. 1816 Excerpt: ... the continuance of their charter, andjtbjaj; at Ijhe expiration, of that engagement, and not Deforest might be proper to consider of a new arrangement. "Theeommittee on public expenditure, imftheir report (1807), to which I have already referred speaking of the loan of 3,000,000/. to t!he paWic in 1806, at three per cent, interest, deserve "But the transaction is most material in an ether view, as it evinces that the agreement made in 1800 was not considered either by ts those who acted on the part of the public, "or by the Bank directors themselves, as a bar ' against further participation, whenever the crease of their profits derived from the public, f and the circumstances of public affairs, might, "upon similar principles, make such e'.Qlefm ' reasonable and expedient." And what is Mc Perceval's language at the same period, when in consequence of this report he applied for and obtained a loan of SjOOOjOOO/. till the end of the war? In his letter to the governor and deputy governor of the Bank, dated the li.th-jf January 1808, he says, " I think it necessary "observe, that the proposal to.confine the dura "tion of the advance, by way of loan, or of the ft annual payment into the Exchequer, to.the "period of the present war, and twelve months "after the termination of it, is by no means to "be understood as an admission on my part, ' that at the expiration of such period, the pntffie will no longer be entitled to'look to' any' aa-"vantage from the continuance of such deposits; ' but simply as a provision, by which the govern' ment and the Bank may be respectively en"abled, under the change in the state of affairs "which will then have taken place, probably "affecting the amount of...


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Product Details
  • ISBN-13: 9781158447350
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1158447353
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr


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