German Imperial Banking Laws
German Imperial Banking Laws
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In our eReader you can find the full English version of the book. Read German Imperial Banking Laws Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book German Imperial Banking Laws
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(6) Checks and sight bills on London agents, etc., are computed according to the short rate, without interest compensation.
146 Digitized by Google German Imperial Banking Laws (c) Checks and sight bills on secondary cities are com- puted according to the short rate, without interest com- pensation but upon an abatement of i per cent.
Short bills (usance, eight days; deliverable in London, from five to fourteen days ; in secondary cities, from eight to fourteen days) are computed according to t...he short rate; if they have from nine to fourteen days to run, inter- est is deducted for the period of from one to six days at the London interest rate; no interest is to be charged for shorter periods.
Long bills (usance, ninety days; deliverable, from seventy-five to ninety days) are computed according to the long rate; if they have to run from seventy-five to eighty-nine days, interest for fifteen days receding down to one day is to be added at the rate of from one-half of I per cent to 1% percent below the London interest rate.
What to read after German Imperial Banking Laws?
You can find similar books in the "Read Also" column, or choose other free books by United States. National Monetary Commission to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(6) Checks and sight bills on London agents, etc., are computed according to the short rate, without interest compensation.
146 Digitized by Google German Imperial Banking Laws (c) Checks and sight bills on secondary cities are com- puted according to the short rate, without interest com- pensation but upon an abatement of i per cent.
Short bills (usance, eight days; deliverable in London, from five to fourteen days ; in secondary cities, from eight to fourteen days) are computed according to t...he short rate; if they have from nine to fourteen days to run, inter- est is deducted for the period of from one to six days at the London interest rate; no interest is to be charged for shorter periods.
Long bills (usance, ninety days; deliverable, from seventy-five to ninety days) are computed according to the long rate; if they have to run from seventy-five to eighty-nine days, interest for fifteen days receding down to one day is to be added at the rate of from one-half of I per cent to 1% percent below the London interest rate.
What to read after German Imperial Banking Laws?
You can find similar books in the "Read Also" column, or choose other free books by United States. National Monetary Commission to read onlineMoreLess
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