L' Allemagne économique ou histoire du Zollverein Allemand

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Monograph

Identifikator:: 832279064

URN:: urn:nbn:de:zbw-retromon-64432

Document type:: Monograph

Author:: Worms, Émile

Title:: L' Allemagne économique ou histoire du Zollverein Allemand

Place of publication:: Paris

Publisher:: Ainé

Year of publication:: 1874

Scope:: 1 Online-Ressource (VII, 631 S)

Collection:: Economics Books

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[02 MONEY year should become the legal maximum for the follow- ing year.” The Government, Mr. Austen Chamber- lain being Chancellor of the Exchequer, forthwith adopted the recommendation, and the Lords of the Treasury issued a scrap of paper which I will give in full, as it is one of the most important documents in the monetary history of the world. “TREASURY MINUTE, Dated the 15th December, 1919. The Chancellor of the Exchequer draws the atten- tion of the Board to paragraph 8 of the Final Report of the Committee on Currency and Foreign Exchanges after the War, which recommends the imposition of a maximum limit on the issue of Currency Notes under the Currency and Bank Notes Act, 1914. The Chancellor proposes to the Board that steps shall be taken to give effect to the recommendation that the actual maximum fiduciary circulation of Currency Notes in any year shall be the fixed maximum for the following year. The maximum fiduciary circulation during the expired portion of the current calendar year has been £320,608,298 10s. and the Chancellor accordingly proposes that directions shall now be given to the Bank of England restricting them from issuing Cur- rency Notes during the 12 months commencing the 1st January, 1920, in excess of a total of £320,600,000, except against gold or Bank of England Notes, and from issuing in the calendar year commencing Ist January in any year henceforward notes in excess of the actual maximum fiduciary circulation of the preceding 12 months. My Lords concur.

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