About this document
Bank of England Notes Regulation Act by MaxBest is a document available to read on EtoBox.
This document is an act from 1844 that regulates the issue of bank notes in England and grants certain privileges to the Bank of England. It establishes a separate Issue Department at the Bank of England to handle the issuance of bank notes. It transfers assets worth £14 million to the Issue Department to back the notes. It also limits the amount of silver bullion held to no more than a quarter of the gold. The Bank of England must exchange notes for gold bullion at a fixed rate. The act allows increasing n
- Author
- MaxBest
- Language
- EN