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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
Nov 19, 1864
Page
6
A correspondent argues against England's Bank Charter Act and compares discount rates in England France Belgium and Holland from 1857 onward. He cites numerous rate alterations, notes 1864 as especially volatile, and asks for older Bank of England statistics and a return to pre 1843 regulations.
A letter to the editor argues the Bank Act shares blame but cites two main causes for monetary strain. The growth of finance bills and credit extended by joint-stock banks pressured liquidity. Old bankers resisted free trade in money, while finance companies and rival societies offered cheaper funds, prompting tighter discounts and widespread distress in Lancashire.
A commercial traveller urges the editor to discuss limited liability partnerships in the Chronicle. He argues a £2000 investment as a limited partner reduces risk, allows shared profits, and protects him from active management, proposing registration and the letter L after the firm name. The letter advocates for open debate on the new business structure.
Letter to the editor questions the premium paid for amalgamation and why Bank of China shares remain discounted while Bank of Hindustan shares rise, with Dublin dated commentary on the matter.
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