The London Banking And Bankers Clearing House System

Cover The London Banking And Bankers Clearing House System
The London Banking And Bankers Clearing House System
Ernest Seyd
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Each Banker supplies his customers with printed Cheque forms, easily distinguished from each other. Some Bankers use a distinct colour in the printing of them, such as blue, pink, green, or black, or different light coloured paper, but the mauve colour in the yirintod Choquo is now used bv several of them. It is only necessary that they should all be assorted according to each Banker, in order to show how much' he lias 1o pay during the flay, iind, per contra, how much he has to receive each da
...y from the other Bankers, and to settle the balance remaining to his credit or his debit.
-1. 0 The inoro iiKH-limiifal iKifurc of this pvoroRS can be fairly iniagiiuMl, and its ])i-act ical detail will |»reKsently 1)0 described, toovtlua' with the aiTaiiixeiiieiits made for tlic verification of" CluMjiies, and tlie " retnrn " of those not payable ov not in ''oi'dei'. " Tlu> origin of the Clearing Tloiise system is thus described : — Before its establishment, many years ago, Bankers were in the habit of ])resenting to each other for ])aynient, during the day, numbers of Cheques, Thus, whilst say Messrs.


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