Bank Charter Act

Historical Context Note

Litencyc Editors (Independent Scholar - Europe)
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The British Parliament passes a Bank Charter Act, allowing the Bank of England to retain exclusive possession of government balances, a monopoly of limited liability, and to be the only Joint-Stock Bank allowed to issue its own notes within a 65-mile radius of London.

44 words

Citation: Editors, Litencyc. "Bank Charter Act". The Literary Encyclopedia. First published 30 December 2011 [https://staging.litencyc.com/php/stopics.php?rec=true&UID=17992, accessed 23 November 2024.]

17992 Bank Charter Act 2 Historical context notes are intended to give basic and preliminary information on a topic. In some cases they will be expanded into longer entries as the Literary Encyclopedia evolves.

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