The Business of Finance

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E.P. Dutton, 1918 - 204 էջ

From inside the book

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Common terms and phrases

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Էջ 25 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Էջ 101 - ... in every such report shall state whether, in their opinion, the balance sheet referred to in the report is properly drawn up so as to exhibit a true and correct view of the state of the company's affairs as shown by the books of the company, and such report shall be read before the company in general meeting.
Էջ 101 - Company's affairs according to the best of our information and the explanations given to us and as shown by the books of the Company.
Էջ 78 - ... of which Sir Alfred Booth, the Chairman of the Cunard Company, is a member, it is stated : The one outstanding cause of unrest which we find everywhere is the high cost of living, especially with regard to food. This is accompanied by complaints of exploitation, profiteering, and bad distribution. The initial cause of the rise in prices was the financial policy of the government, which has relied too much on loans — largely credit loans — and too little on taxation designed to check unnecessary...
Էջ 84 - It was reported that there was much more cruelty in the Halifax pits than in those at Leeds and Bradford. A sub-commissioner met a boy crying and bleeding from a wound in the cheek, and his master explained " that the child was one of the slow ones, who would only move when he saw blood, and that by throwing a piece of coal at him for that purpose he had accomplished his object, and that he often adopted the like means.
Էջ 189 - State, except in so far as any particular form of expenditure might be thought specially beneficial, or specially detrimental, to public interests. The income-tax would then levy the same percentage on the rich man's expenditure on coarse tea and on fine tea, on bread and on expensive food ; and a higher percentage on each than on the poor man's expenditure on anything, unless it be alcohol and tobacco.
Էջ 85 - ... life of a pit-boy fifty years earlier. The boys began at six to eight years old, as trappers, and were paid fivepence a day. From twelve or fourteen to seventeen or eighteen they worked as putters or drivers, being harnessed two together to drag their heavy loads. Their hours were from 2 AM to 8 or 10 PM every day except Saturday. In busy times they never saw the daylight from Sunday to Saturday afternoon. The Commissioners reported in 1842, speaking of the worst practices in the West Riding,...
Էջ 79 - ... even more steeply graded, without a comprehensive reform with regard to the treatment of family incomes. The problem will, in any case, have to be faced after the conclusion of peace, and it should be tackled now in order to reduce our dependence on further inflation as a means of financing the war. Our attention was called to the contrast between the man who is compelled to serve as a soldier and the man who voluntarily lends to the government. It was tersely put to us that the soldier is compelled...
Էջ 189 - ... relatively expensive private schools, even the lower middle classes are induced by convention to hold aloof from them in this country. If it were possible to exempt from the income-tax that part of income which is saved, to become the source of future capital, while leaving property to be taxed on inheritance and in some other ways ; then an income-tax graduated with reference to its amount, and the number of people who depended for their support on each income, would achieve the apparently impossible...
Էջ 43 - Money acts upon prices in no other way than by being tendered in exchange for commodities. The demand which influences the prices of commodities consists of the money offered for them.

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