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Transfer depending on a context corresponding Russian are used
Terms, and also anglicism charter-party - a comment of the translator], and again in exchange for
The loan to the government. As as a source of means for a loan
Attraction of the additional capital was planned, the bank has acquired the right on
Expansion of the issue activity. Licence renewal in 1742
Again has confirmed Bank privileges on "the conducting exclusive right
Bank business "also it was again accompanied by already habitual credit
Operations, already on an interest-free basis. Since 1751 to Bank it has been entrusted
Management of a public debt. In exchange for licence renewal in 1764
The bank has paid to the government compensation at a rate of 110,000 pounds. The following
Renewal and more one loan took place in 1781, and then once again in 1800
For brevity it is possible to tell that during the period between 1694 and beginning itIX century in
Result consecutive renewal of the licence of Bank of England exchequer
Grew rich not less than seven times [cit. McCulloch, "A Treatise on Metallic and Paper
Money and Banks ", p. 42], and it not including short-term loans,
Given to the government within the limits of daily activity of Bank.
Concentration of privileges in Bank hands has provided to it prestigious and influential
Position in the financial world, having result, in particular, that fact that
Small private concerns experienced difficulties, competing to Bank in the same spheres
Business, and the majority of private banknotes in London have finished the existence
Approximately by 1780 Other consequence of such succession of events was that
Small banks have addressed to practice of storage of the means in Bank of England,
Which, thus, has already started to get lines of the central bank.
The period 1797 - represents 1819 for us interest not only in connection with that,
That it fine shows that force from which the government rendered
Pressing Bank, but also and consequently that a consequence of a policy of the government in
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