On Chinese Currency: Preliminary Remarks about the Monetary Reform in China, Volume 2J. H. De Bussy, 1914 |
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accept advisable amount appointed balance of trade Balance-Sheet Bank of China Bank of France bank of issue Bank's bankers banking concerns banking system bills Board of Censors Board of Directors branches British India capital Central Bank CHAPTER cheque Chinese Currency combined meeting consequently considerable considered counter-value currency reform custody deposit depositor depreciation discounts dollars duties entirely established eventually excessive extent foreign funds gold exchange standard gold notes gold reserve abroad gold standard gold value Government Commissioner Hence holders instance institution interest issue of bank-notes issue of notes issuing notes Japan loans Management medium of circulation meeting of shareholders ment metal stock nominal value note issue obliged ordinary banking paper money payment persons pesetas plurality of banks possible precious metal present private banks profit Reichsbank render rupees seigniorage shares silver standard silver token coin stipulation transactions Treasury various votes
Popular passages
Page 42 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 292 - ... in circulation in Japan proper until the revision of the Coinage Law in 1897; but the exchange of silver was brought to a conclusion at the end of April, 1909, and in the same month of 1911, the Coinage Law of the Empire was brought into operation in the island, so that the system in Formosa is now absolutely identical with that in force in Japan proper.
Page 82 - It may be well to observe in this connection that it is the bounden duty of the Government to see that there is sufficient coin available for circulation throughout the whole country, and the Government may not shift this obligation on to the Bank of Issue.
Page 293 - ... system, withdrawn from circulation by April, 1909. In June. 1904. the bank was allowed to issue bank-notes convertible into gold coins, holding as conversion reserve gold and silver coins and bullion to the same amount as that of notes issued. It may further issue notes to the amount of ¥50.000.000 on security of reliable securities. Should...
Page 113 - Bank of France remained for a long time, indeed, the bank for banks, but since it has covered so much territory with its numerous branches; since the minimum amount of all its operations has been lowered; since it has opened deposit accounts to all; since it has tried to simplify and minimize the formalities required by its special charter, the industrial and commercial world has come to use the Bank directly to a much larger degree. At the same time its credit has come out stronger, firmer, more...
Page 293 - Formosa is now, in business practice as well as bv law, absolutely identical with that in force in Japan Proper. The Bank of Taiwan issued at first bank-notes convertible into silver yen; but these notes were, upon the reform of the currency system, withdrawn from circulation by December, 1909. The bank now issues bank-notes convertible into gold coins and holds as conversion reserve gold and silver coin and bullion to the same amount as that of the notes issued ; it may further issue notes to the...
Page 213 - Italy is issued by the government and by three banks of issue — the Bank of Italy, the Bank of Naples and the Bank of Sicily.
Page 22 - Lois et Statuts, Art. 9, loi du 22 Avril, 1806. to participate. ' A full statement of operations is furnished by the bank to the government every six months and a balance sheet is published in the official journal every Friday. The governor and deputy governors of the bank are the...
Page 293 - Banking' and Coinage System. Although there was, at the time of the cession of Taiwan, no organised system of monetary circulation in the island, yet on account of the smallness of transactions, no great inconvenience was felt in the circulation of capital ; but with the development of industry after the cession was recognised the necessity of establishing banks as organs of monetary circulation, and in 1899-1900 the Bank of Taiwan,* which may be called the central bank of the south, was established...
Page 114 - ... the formalities required by its special charter, the industrial and commercial world has come to use the Bank directly to a much larger degree. At the same time its credit has come out stronger, firmer, more popular from all the political and financial crises, so much so that to-day one can reply without hesitation that it is already and that it tends to become more and more — as you ask — the bank of all the French public.