THE BRITISH GOLD RESERVE.
IMPORTANT SUGGESTIONS. ITlNrrar. Pbess Association.— Copysight.] _ (Received Decefeer 22, 7.44 a m.) LONDON, Friday. Mr Felix Schuster read a papor at the Bankers* Institute on ''Our Go'd Reserves." He advoc*j:d the I-jrva-tion of a second reserve "*t>r each back, including the Savings Bank, tontf.outing 2 per cent, of liab'"iit : ?s en cl.vn-ir'i, making £12,000,000. in ijito, which tl.a Bank of England should hold and use only with the permission of a small committee of bankers. Mr Schuster also advocated that the Bank of England should' bo empowered to increase its note issue against securities after the bank rate had reached a certain level.
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Nelson Evening Mail, Volume XLI, Issue 317, 22 December 1906, Page 2
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107THE BRITISH GOLD RESERVE. Nelson Evening Mail, Volume XLI, Issue 317, 22 December 1906, Page 2
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