An Examination of the Report of the Joint Stock Bank Committee, &C. &C: To Which Is Added an Account of the Late Pressure in the Money Market, and ... and Central Bank of England (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from An Examination of the Report of the Joint Stock Bank Committee, &C. &C: To Which Is Added an Account of the Late Pressure in the Money Market, and Embarrassment of the Northern and Central Bank of England

The act of the 7th of Geo. IV. Chap. 46, by which this alteration is effected, is extremely simple in principle. After authorizing the formation of Banking Companies, consisting of an unlimited number of Partners, at any distance, not being less than sixty miles from London, it provides that the names of all the partners in each, shall be regis= tered at the Stamp Office; that the company shall sue and be sued by a public officer; that each part ner shall be liable for the engagements of the Com pany to the whole extent of his fortune and that after obtaining judgment against the proper officer of the Company, the property of any shareholder may be taken in execution.

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