tailieunhanh - BIS Archive Guide 2007

Two banks were established in Scotland by charter from the king; one the Bank of Scotland, in 1695; the other, the Royal Bank of Scotland, in 1727. These two banks have branches in most of the principal towns of Scotland; but as they never obtained any exclusive privileges, a multi- tude of private banks sprung up to dispute the business with them, and to divide its profits. This free competition among the banks, produced a new sort of bank loans, which has given celebrity to the Scotch system of banking. The Scotch Bankers, instead of confining themselves to the discount of mercantile paper, open what they call cash accounts;. | BIS Archive Guide BIS Archive Guide BIS Archive 2007 Bank for International Settlements CH-4002 Basel Fax 41 61 280 9100 or 41 61 280 8100 Telephone 41 61 280 8061 or 41 61 280 8281 Or via e-mail archive@ See also Cover design Tobias Huber Cover portrait pictures from the top Montagu Norman Governor Bank of England 192044 Per Jacobsson BIS Economic Adviser 1931-56 Hjalmar Schacht President Reichsbank 1924-30 and 1933-39 Roger Auboin BIS General Manager 1937-58 Gabriel Ferras BIS General Manager 1963-70 Milton Gilbert BIS Economic Adviser 1960-75 Alexandre Lamfalussy BIS Economic Adviser 1976-85 and BIS General Manager 1985-93 ii BIS archive .