Cashier, tells her story, and is advised to leave
the money at the bank and have an account
opened in her name
She has an interview with the Manager or
Cashier, tells her story, and is advised to leave
the money at the bank and have an account
opened in her name. This course she consents
to adopt, and hands over the 500, requesting
some acknowledgment that she has done so, in
common terms, ’something to show for it.’
publisher: Prentice Hall
, released: 30 December, 2004
price: $134.40 (new), $46.00 (used)
finance, which have been shown to begin with its enormous importance as
the handmaid of international trade
For the present we are concerned with the benefits of international
finance, which have been shown to begin with its enormous importance as
the handmaid of international trade. Trade between nations is desirable
for exactly the same reason as trade between one man and another,
namely, that each is, naturally or otherwise, better fitted to grow or
make certain things, and so an exchange is to their mutual advantage. If
this is so, as it clearly is, in the case of two men living in the same
street, it is evidently very much more so in the case of two peoples
living in different climates and on different soils, and so each of
them, by the nature of their surroundings, able to make and grow things
that are impossible to the other. English investors, by developing the
resources of other countries, through the machinery of international
finance, enable us to sit at home in this inclement isle, and enjoy the
fruits of tropical skies and soils. It may be true that if they had not
done so we should have developed the resources of our own country more
thoroughly, using it less as a pleasure ground, and more as a farm and
kitchen garden, and that we should have had a larger number of our own
folk working for us under our own sky. Instead of thriving on the
produce of foreign climes and foreign labour that comes to us to pay
interest, we should have lived more on home-made stuff and had more
healthy citizens at work on our soil. On the other hand, we should have
been hit hard by bad seasons and we should have enjoyed a much less
diversified diet. As it is, we take our tea and tobacco and coffee and
sugar and wine and oranges and bananas and cheap bread and meat, all as
a matter of course, but we could never have enjoyed them if
international trade had not brought them to our shores, and if
international finance had not quickened and cheapened their growth and
transport and marketing. International trade and finance, if given a
free hand, may be trusted to bring about, between them, the utmost
possible development of the power of the world to grow and make things
in the places where they can be grown and made most cheaply and
abundantly, in other words, to secure for human effort, working on the
available raw material, the greatest possible harvest as the reward of
its exertions.
abandon the policy, which would be kept alive
and increased by added bonuses as before
In this case there would be no necessity to
abandon the policy, which would be kept alive
and increased by added bonuses as before.
regulation, after the war, of International Finance, it remains to
consider what can be done to amend the evils from which it suffers, and
likewise what, if anything, can be done to strengthen our financial
weapon, and sharpen its edge to help us in the difficult fight that will
follow the present war, however it may end
Apart from the political measures which may be found necessary for the
regulation, after the war, of International Finance, it remains to
consider what can be done to amend the evils from which it suffers, and
likewise what, if anything, can be done to strengthen our financial
weapon, and sharpen its edge to help us in the difficult fight that will
follow the present war, however it may end.
carried through by means of the usual accompaniments
So far it was only a case of a thoroughly speculative transaction
carried through by means of the usual accompaniments. A defaulting State
believed to be possessed of great potential wealth, thought, or was
induced to think, that by building a railway it could tap that wealth.
The whole thing was a pure possibility. If the loan had been
successfully placed at the issue price it would have sufficed to build
the first section (fifty-three miles) of railway, and to leave something
over for work in the mahogany forests. It is barely possible that in
time the railway might have enabled the Government to produce enough
stuff out of its forests to meet the charges of the loan. But the
possibility was so remote that the terms offered had to be so liberal
that they frightened the public, which happened to be in a sensible
mood, until it was induced to buy by the creation of a market on the
Stock Exchange; the employment of intermediaries on disastrous terms,
and finally default, as soon as the loan charge could no longer be paid
out of the proceeds of the loan, completed the tale.
but he added that he should not object to an increase of salary if he
was expected to be abused in order to promote my interest
My usher laughingly remarked, that this was undoubtedly the true policy;
but he added that he should not object to an increase of salary if he
was expected to be abused in order to promote my interest.
publisher: Prentice Hall
, released: 29 June, 2005
price: $152.00 (new), $68.99 (used)
colony, we see that every year for each 100 lent the colony has to send
him 4
Going back to our doctor, who lends railway material to an Australian
colony, we see that every year for each 100 lent the colony has to send
him 4. This it can only do if its mines and fields and factories can
turn out metals or wheat or wool, or other goods which can be shipped to
England or elsewhere and be sold, so that the doctor”s 4 is provided.
And so though on both sides the transaction is expressed in money it is
in fact carried out in goods, both when the loan is made and the
interest is paid. And finally when the loan is paid back again, the
colony must have sold goods to provide repayment, unless it meets its
debts by raising another. But when a loan is well spent on a railway
that is needed for the development of a fertile or productive district,
it justifies itself by cheapening transport and quickening the output of
wealth in such a manner, that the increased volume of goods that it has
helped to create easily meets the interest due to lenders, provides a
fund for its redemption at maturity, and leaves the borrower better off,
with a more fully equipped productive system.
the shape of rents, and the interest on money
invested, as represented in those documents in
the tin box - all which money can be handed
over to the Bank in the same way that the 500
was
She will have other money coming to her in
the shape of rents, and the interest on money
invested, as represented in those documents in
the tin box - all which money can be handed
over to the Bank in the same way that the 500
was. There is, however, no reason why she
should leave so much lying idle without obtaining
any interest upon it. She will reckon up how
much she will require for, say, the next six
months, for house expenses and personal use,
and also how much, on the other hand, she will
be paid in rents or interest, and will then find
that there will be a sum of; at least, say, 300
over and above all she desires to spend.