|About the Book|
Excerpt from A Copy of the Correspondence Between the Chancellor of the Exchequer and the Bank of England: Relative to the Renewal of the CharterGentlemen,The proposition which I am directed to make to you on the part of His Majestys Government,MoreExcerpt from A Copy of the Correspondence Between the Chancellor of the Exchequer and the Bank of England: Relative to the Renewal of the CharterGentlemen,The proposition which I am directed to make to you on the part of His Majestys Government, isFirst. That the Charter of the Bank of England shall be renewed for ten years, from the 1 st of August, 1834.Second. That no Bank shall be established within the metropolis, or within twenty-five miles from London, consisting of more than six partners- but that Banks established at a greater distance, whatever may be the number of their partners, may issue notes payable in London and shall also be relieved from all the restrictions at present imposed upon them as to drawing bills upon London.Third. That Bank of England notes shall be a legal tender, except at the Bank, or at any of its Branches.Fourth. That bills, not having more than three months to run before they become due, shall be exempted from the usury laws.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.