Isbn: 9781331184508 - hints, by way of warning, on the legal, practical, and mercantile difficulties, attending the foundation and management of joint stock banks (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This compelling book analyzes the viability of establishing Joint Stock Banks in London and Westminster, assessing the legal complexities, practical challenges, and potential consequences. Set against the backdrop of the renewal of the Bank of England Charter, it delves into the legal opinion of the Attorney and Solicitor Generals, examining the distinctions between corporate bodies and joint-stock companies. The author meticulously unpacks the various legal impediments and potential inconveniences associated with establishing an unchartered Joint Stock Bank, including the absence of a power to sue and be sued in the company's name and the lack of a clearly defined liability structure. This detailed analysis is complemented by insights from industry professionals, such as Mr. Watt, Manager and Secretary of the Hudderseld Banking Company, who emphasizes the importance of a substantial paid-up capital and the potential pitfalls of operating with limited financial resources. The book concludes by considering the potential reactions from the Bank of England and private banks in response to the establishment of Joint Stock Banks, highlighting the fierce competition and potential retaliation that could ensue. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…