The ABC of the Foreign Exchanges: A Practical GuideMacmillan, 1924 - 224 pages |
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The ABC of the Foreign Exchanges: A Practical Guide - Primary Source Edition George Clare No preview available - 2014 |
Common terms and phrases
abroad American amount April Arbitrage balance balance of trade Bank of England bank-rate banker Berlin bills on London British broker buyer cable cash centimes cheque commodities continental Council drafts Course of Exchange currency notes demand depreciation discount-rate dollars effect exchange rates export of gold fact fall favour finance fluctuations foreign bills foreign currencies foreign exchange foreign money forward France French Germany gold coin gold sovereign gold-point Government imports increase index number India interest issue Italy legal tender loans London paper manufacturer mark market-rate means ment merchants millions milreis money-market ordinary ounce Paris payment pence post-war pound pound sterling pound weight premium profit purchasing power parity quotation quoted rate of exchange remit rentenmark rise rupee Securities sell seller shillings shipments sight-rate silver sovereign speculation standard sterling tel quel theory three months transactions United United Kingdom York exchange York rate
Popular passages
Page 4 - My servants shall bring them down from Lebanon unto the sea: and I will convey them by sea in floats unto the place that thou shalt appoint me, and will cause them to be discharged there, and thou shalt receive them: and thou shalt accomplish my desire, in giving food for my household.
Page 37 - An inland bill is a bill which is or on the face of it purports to be (a) both drawn and payable within the British Islands, or (b) drawn within the British Islands upon some person resident therein. Any other bill is a foreign bill. For the purposes of this Act
Page 21 - ... in every pound troy of standard silver of the fineness of eleven ounces two pennyweights of fine silver and eighteen pennyweights of alloy in every pound weight troy.
Page 118 - Act, or less than such weight as may be declared by any proclamation made in pursuance of this Act, shall be a legal tender,— In the case of gold coins for a payment of any amount : In the case of silver coins for a payment of an amount not exceeding forty shillings, but for no greater amount...
Page 117 - Act, and have not become diminished in weight, by wear or otherwise, so as to be of less weight than the current weight, that is to say, than the weight (if any) specified as the least current weight...
Page 20 - The Mint Par depends, in short, not on the coin itself, but on the legal definition of it ; not on the sovereign de facto, but on the sovereign de jure ; and if every gold coin in this country were debased, and every gold coin in France sweated and mutilated, the Mint Par would still remain the same. Unless and until the law is altered the Mint Par cannot alter.
Page 109 - Her Majesty's Government have no reason to apprehend that there is any general want of soundness in the ordinary trade of this country which can give reasonable ground for anxiety or alarm either in this country or abroad...
Page 4 - And Solomon gave Hiram twenty thousand measures of wheat for food to his household, and twenty measures of pure oil : thus §ave Solomon to Hiram year by year.
Page 17 - The value of a currency-unit is taken to depend on the quantity of pure metal that it contains, as fixed by law ; and the Mint Par tells us how much of the other country's currency contains, according to their law, precisely the identical quantity of the same pure metal. It therefore means value for value in fine gold between gold-using countries, and value for value in fine silver between silver-using countries. A comparison between the currency units of England and France will illustrate the principle....
Page 18 - Ireland should hold such weight and fineness as were prescribed in the then existing Mint indenture (that is to say), that there should be nine hundred and thirty-four sovereigns and one ten shilling piece contained in twenty pounds weight troy of standard gold, of the fineness at the trial of the same of twenty-two carats fine gold and two carats of alloy in the pound weight troy...