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Banks, however Gledstoun has formulated a preamble in such a manner that it not

Excluded possibilities of negotiations about issue renewal for new term. As That was, the Bill and has not been ratified, and in 1866, possibly, The bank most interested in him, Neshnl Provinshial Benk, the beginnings the Activity in London, having brought in a victim the issue rights. Since that Time, joint-stock banks concentrated the efforts in sphere of the depositary Business. The theoretical discussion already mainly reflecting development Events abroad, inertly slid to the decline on an extent still Several years.

The chapter III. The Scottish system

If the adoption of law about association (Union Act) ite was late on ten with

Years, the incorporated Bank of England would be small on a place of Bank of England and

Scotland. However development of bank sphere in Scotland occurred

In the independent image. First practice of delivery to banks there dominated

Allowing concessions. Bank of Scotland (Bank of Scotland), based Group of the Scottish dealers in 1695, only year later after establishment

English Bank, within 21 years owned the monopolies which have been handed over

To it according to charter-party of the Scottish Parliament.

The bank has from the very beginning started experiments on creation of the branches and,

Besides, has let out in references of a banknote with face value only in one pound.

When in 1716 period of validity of its monopolies has come to an end, Bank Tried fiercely, but unsuccessfully to resist to competition prospect, and in

1727 the second charter-party has been handed over Royal Bank of Scotland (Royal Bank of

Scotland).

Registration of banks by means of charter-party reception was desirable, basically

Because the bank got thereby the limited liability rights. However, as in Scotland there were no barriers for Realisation of bank activity by the joint-stock companies, if shareholders Were ready to take up unlimited responsibility for debts of bank,

Very soon in the country joint-stock banks, charter-party everywhere began appear

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