Journal of the Institute of Bankers, Volume 7Institute of Bankers., 1886 - Banks and banking |
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Common terms and phrases
000 omitted 5-franc pieces amount ASSETS Australia average Bank of England Bank of Germany Bank of Ireland bi-metallism bi-metallists Bills of Exchange branch bullion Cash cent cheque CHILD & Co coinage commercial commodities Company Council County Bank culation currency debt deposits effect endorsement established fall in prices FINSBURY France Fund Giffen gold and silver gold coin goldsmith Government increase India industry Institute of Bankers JOHN July June Latin Monetary Union Latin Union legal tender LIABILITIES Limited Loans Lombard Street London ment Messrs metals millions Note Cir note circulation note issue Note Reserve Notes in circulation Paid-up Capital paper payable payment period present profit proportion question Rate of discount ratio Reichsbank rupees Scotland securities Sept shareholders silver coin South Australia standard sterling tion Total trade Union Wednesday WILLIAM
Popular passages
Page 366 - When a bill payable to order on demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show that the indorsement of the payee or any subsequent indorsement was made by or under the authority of the person whose indorsement it purports to be, and the banker is...
Page 471 - Where a bill or an acceptance or any indorsement on a bill is dated, the date shall, unless the contrary be proved, be deemed to be the true date of the drawing, acceptance, or indorsement, as the case may be. (2.) A bill is not invalid by reason only that it is ante-dated or postdated, or that it bears date on a Sunday.
Page 365 - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or un.der such signature, unless the party, against whom it is sought to enforce such right, is precluded from setting up the forgery or want of authority.
Page 213 - For this purpose, they recommend to the directors of the Bank of England in the present emergency to enlarge the amount of their discounts and advances upon approved security; but that in order to retain this operation within reasonable limits a high rate of interest should be charged.
Page 366 - Viet. c. 59, which is in pari materiit, supports this construction: that section provides " that any draft or order drawn upon a banker for a sum of money payable to order on demand which shall, when presented for payment, purport to be endorsed by the person to whom the same shall be drawn payable...
Page 59 - The Officers of the Bank are bound not to disclose the transactions of any of its Customers.
Page 514 - The following are the conditions : — Each Essay to bear a motto, and be accompanied by a sealed letter, marked with the like motto, and containing the name and address of the author ; such letter not to be opened, except in the case of the successful Essay. No Essay to exceed in length...
Page 497 - THREE per CENT. INTEREST allowed on DEPOSITS, repayable on demand. TWO per CENT. INTEREST on CURRENT ACCOUNTS calculated on the minimum monthly balances, when not drawn below £50. The Bank undertakes for its Customers, free of Charge^ the Custody of Deeds, Writings, and other Securities and Valuables ; the collection of Bills of Exchange, Dividends, and Coupons ; and the purchase and sale of Stocks, Shares, and Annuities.
Page 753 - TO 100,000, by the aid of which Multiplication may be performed by inspection; with an Introduction explanatory of its use, and also of the Method of obtaining the Products of Numbers exceeding the limits of the Table. By SL LAUNDY.
Page 365 - procuration" operates as notice that the agent has but a limited authority to sign, and the principal is bound only in case the agent in so signing acted within the actual limits of his authority.