Background
PALGRAVE, Robert Harry Inglis was born in 1827 in Westminster, London, England.
(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
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(This historic book may have numerous typos and missing te...)
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. 1873 Excerpt: ... cent. on an assumed profit of 420,000?. would have amounted to 175,000?., it does not seem improbable that Mr. Gladstone may have taken the 180,000?. paid by the Bank of England for the two heads above-mentioned, as the ground for proposing this charge. It is evident, however, that even this reduced charge of 25s. per cent. was too high a proportion to levy on the issue of country bankers, who have no exclusive privileges like the Bank of England, and that therefore the payment "for the charter" should have been ljft out of the account. If this were deducted, the rate of duty on the country issue, to correspond with the 60,000?. paid by the Bank of England to the Stamp Office, would be below 10s. per cent. The existing rate of 7s. per cent. may therefore be taken to be a very fair one. V. That the existing arrangements as to licences for compounding for the issue of notes and short bills (not exceeding twenty-one days' date and three days' sight) were to be continued. The manner in which the licence duty is levied at present has a tendency to fetter country bankers very much. A payment of 30?. a-year for the privilege of compounding for the issuing notes and short bills, is much too high a tax for a branch bank to pay in a small place. The whole profits from such a bank must be very snail. A payment of $1. a-year would be quite sufficient, and I balieve that the revenue would be a gainer by the change. VI. That security was not required for the circulation. Sir D. Salomons proposed as an amendment, "That previous to "any bank of issue having a house of business or establishment as "bankers in London, or at any place not exceeding sixty-five miles "from London, such bank shall deposit with the Commissioners of "the Nationa...
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PALGRAVE, Robert Harry Inglis was born in 1827 in Westminster, London, England.
Writer on banking from the point of view of a practitioner rather than a theoretician. His interest in the discipline of economics proper is represented by the substantial Dictionary of Political Economy, a basic reference work until recent times.
(This historic book may have numerous typos and missing te...)
(This is a reproduction of a book published before 1923. T...)
(Lang:- eng, Pages 155. Reprinted in 2015 with the help of...)
(Lang:- eng, Pages 156. Reprinted in 2015 with the help of...)