Journal of the Institute of Bankers

CODIFICATION of the Law

COHEN (A., Q.C.). Opinion on Directors' Liability Act.
Paper on Instruments of Value

COINAGE. See Gold-Silver.

COINAGE ACT, 1889. Withdrawal of light coin in 1890

1891. Full Text

Remarks on the

COLONIAL BANK. In re

COLONIAL GOVERNMENT SECURITIES. Trust Funds and
CONSOLS. Decrease in amount of Stock.

PAGE

11-12
280-281

199-205

442

553-554

555-557, 610

201-203

343-357

345

2

52-54, 120-134

113-114, 615-616

568

CONTANGO. Defined

497

CORK. (Nathaniel.)

Remarks in Discussion (Baden-Powell on

354-355

COUTTS & Co. v. Irish Exhibition in London. Legal Decision

214-217

CROSSED CHEQUES. See Cheques.

CUSTOM. Loans with a Margin

580

Trust Funds and Colonial Government Securities)

DATE OF BILL OF EXCHANGE. Alteration must be confirmed
Of cheque incomplete, Practice

DECEASED CUSTOMER. Lodgment of dividends after death.

Practice as to transferring balance

DEEDS OF ARRANGEMENT, 1890

DICTIONARY OF POLITICAL ECONOMY. Edited by R. H. Inglis

DIRECTORS' LIABILITY ACT. Case and opinion of Mr. A. Cohen, Q.C.

of Sir Horace Davey and Mr. Rigby

DISCOUNT. On Changes in the Bank Rate of. (1) Their causes;
and, (2) Their effects on the money market, on the commerce of
the country, and on the value of all interest-bearing securities.
Prize Essay, 1890-91. By Francis Edward Steele.

Importance of changes in the bank rate and wide circle of interests
affected by its fluctuations

Considerations and causes which combine in conferring this importanee

on the rate

Changes in the rate in recent years compared with changes in the rates
of other countries

Causes of greater number of variations in English rate

Distinction between bank rate of discount, and general rate of interest
Actual and contingent condition of the reserve.

Statistics illustrating effects of this

478-479

State of trade. Balance of trade, and international indebtedness
Prices. State of credit at home and abroad

DISCOUNT-continued.

On the Money Market-

Power of rate in this direction limited

Position of the Bank of England in the money-market

Extent to which bank rate affects outside rates

Bank rate an indication of the state of the money market

Policy pursued by the directors since 1844

Means by which the action of a change in rate may be supplemented
Influence of bank rate or money market through foreign exchanges

Effects on Commerce-

Commerce dependent upon borrowing

Advantage to commerce of discount system

PAGE

487-488

488

489

490-491

491
491

Narrow margin of business profits

491-492

Injury inflicted on commerce by excessive and violent changes in rate
High rate, in itself, not necessarily injurious; but, as a means to an end,
beneficial

492

Effect on commerce of fluctuations arising from non-commercial causes
The "Baring Crisis," an instance of this

492

Influence of changes in rate on large and small traders respectively
Effect of rate on commerce through prices

Connection between high and low bank rate, and low and high prices of
securities, respectively

495

Connection due partly to competition of capital.

495-496

Effect of this competition on the demand for securities, and so on values.
Bankers' loans to Stock Exchange, largely based on official rate

496

Borrowing increased by fall, decreased by rise in rate.
The position of purely speculative holders

496-497

Effect of fluctuation on values, through the medium of continuation rates

497
497

DOUBLE ENTRY. See Bookkeeping.

ECONOMIC ASSOCIATION. Formation of the

ECONOMICS. The principles of. By Prof. Alfred Marshall. Notice
ENDORSEMENT-

571-574
55-57

"John Smith, Sub-manager, Dynamite Insurance Company"
Lane Brothers, on cheque to order of Messrs. Lane
L. M. Dymond, on cheque to order of L. Dymond

Of liquidators, on cheque to order of limited company

Of marksman. Must be witnessed

Bank Manager.

Prefixed by the words "Received Cash

Special, to cheque

To cheque to order of "The Secretary"

582-583

220

63

581

458

643-644

63

144
456-457
457
218-219

F

EXAMINATIONS. May, 1890. (Institute of Bankers)—

Papers

Results

Book-keeping. Paper

Results

Gilbart Lectures. Paper.

Results

EXCHANGES. Key to the. By George Clare. Notice

Foreign. Lectures, 1891

EXECUTORS. Limitation of authority

Endorsement of

FICTITIOUS PAYEE. (Legal Decision)
Judge Chalmers on

FINANCIAL CRISIS of November, 1890

President's Address on the

FORGED ENDORSEMENT to Bill of Exchange.

FORGED TRANSFERS ACT, 1891

FORGERY OF CHEQUES. Recent. (President's Address)

FOWLER (Sir Robert N., M.P.). Remarks at General Meeting

Obituary Notice

Mr. Salt on the death of

FOWLER (Wm.). Proposed Vote of Thanks to President

PAGE

507-516

504-506

393-396

279

450

451-452
404-406

608
582-583
220

282-328
498-504

1-10

610-615

143-144

557-565, 610

615

430-432

453-454

607

617-620

GALLAHER (G. R. S.). Remarks in Discussion. (Chalmers on
the Codification of the Law of Sale)

GARNISHEE ORDER. Served on banker when his customer's
account is overdrawn

GOLD. Coinage of principal States

At Royal Mint, 1890

Report of Council on

Of United States, 1889-1890

Light. Withdrawal of

See Coinage Act.

Production of

Of the world

Reserves of Banks. Mr. Goschen on

GOODWIN T. Robarts

GOSCHEN (Right Hon, G. J.). Speech on Currency, at Leeds

At London Chamber of Commerce

Letter to Governor of the Bank

GUARANTEE. Baring. See Financial Crisis of November, 1890.
Form of

5

President's Address, as to

612-614

For fidelity of bank officers. (Paper read at American Ban-
kers' Convention).

109-110

Personal. Substitution of Company for. (Legal Decision).
Of Endorsement by Bank.

214-217

218

HALF-PENNIES. Custom as to disregarding in cheques.

HALF-SOVEREIGNS. Coinage in 1890

Mr. Childers' proposal in 1884

HARVEY (A. S.) Seconded Vote of thanks to President

HENDERSON (R. C.) Remarks in Discussion (Barnes on Advances

332
441-442
555
620-621

252

408

GOVERNMENT, Corporation and other Loans, 1890-91

PAGE

INDEX NUMBERS.

1867-1890.

211-213

INDEX. Absorption of Gold and Silver Coin

445-446

INSTRUMENTS OF VALUE. Mr. Arthur Cohen, Q.C., on,

199-205

INVESTMENT of Trust Funds in Colonial Stocks. Report of Com-

mittee

213-214

See Trust Funds.

IRELAND. Registration of Assurances Bill. 1891.

448-449

IRISH EXHIBITION IN LONDON. Coutts & Co. t. Legal Decision.

214-217

LIABILITY OF BANKER. Cashing cheque with forged endorsement

Collecting "not negotiable" cheque

139-142

214-217

574-580

57-61

136-139

282-328

581
330

408-409

63

456

644

411

644

143

459

LIEN OF BANKER on Bonds borrowed by Stockbroker and not
returned

62

On Stock held under an unregistered transfer.

64

On credit balance of one account against overdraft on another

MACDONELL (John). Remarks in Discussion (Chalmers on the

MARSHALL (Prof. Alfred). The Principles of Economics. Notice
MARTIN (John B.). Remarks in Discussion. (Baden-Powell on
Trust Funds and Colonial Government Securities)

55-57

352, 357

MEYER v. Decroix, Verley & Cie.

(Barnes on Advances by Bankers on Stocks)

On the Evolution of our Banking System. (Economic
Journal)

MARTIN (Richard B.). Remarks in Discussion.

the Codification of the Law of Sale

MARTIN & Co. Registered as Limited Company

MILLER (William Haig). Obituary
MINT (Royal). Report for 1890
MISCELLANEA.

249-252

572-574

(Chalmers on

37

210-211

Legal Decision

574-580

568-569

441-447

209-214, 328, 452-453

MISCELLANEOUS EVENTS

MONEY MARKET PRIMER AND KEY TO THE EXCHANGES. By
George Clare. Notice

MONEY ORDERS. Number and value issued, 1891.
MONTHLY PUBLICATION of Bank Accounts
MORTGAGE of Life Policy. Stamp

PAGE

646

404-406
567

328, 614, 616, 622

MUNICIPAL CORPORATIONS. United Kingdom. Stocks created
up to 1888

583

351

OVERSEERS' ACCOUNTS. Practice

NEGOTIABLE SECURITIES. Suggested extension of the Factors'

Act to

NOTES (Bank). Bank of England must be paid in gold
Preference for, in different countries

One Pound. Mr. Goschen on

Sir Robt. Fowler on.

Ten Shilling

United Kingdom.

Monthly Averages. Oct., 1890, to Sept., 1891.
See-Banks-Weekly Circulation Returns-Weekly Returns.
NOTTINGHAM & NOTTS BANKING Co. Baker v. Legal Decision

OBITUARY

ONE POUND NOTES. See Notes, One Pound.

OVERDRAWN ACCOUNT. Garnishee Order

Liability of retiring partner

PASS BOOK. Entries of Country Cheques as cash in

PALGRAVE, R.H. INGLIS, F.R.S. Dictionary of Political Economy.

Notice

PERFORATED Crossing to Cheque