June 8, 1867. N. 366.

The Money Market Review, 8. Juni 1867. S. 665.
Icon dass Zitate symbolisiert

London and Westminster Bank.  Zusatz von Marx.
(Liability and Security)

Issues new shares. In der That diese most successful Bank, has only become so by incurring £22,672,559 of liability, whilst the share capital and reserve fund were together less than 11/2 millions. Is this not enormous overtrading such as has not been afforded hitherto by any Bank in the Kingdom? The system of creating new shares at a premium, so readily adopted by joint-stock banks, in order avowedly to raise a factitious reserve fund – for reserve funds are not such unless created out of profits – is becoming so general as to suggest an unpleasant comparison of the position of jointstockbanks with that of railway Cos., which latter have gone on creating new shares and borrowing money etc … So long as the deposits continue to increase in amount, and new shares can be issued at a premium, dividends may be declared of 10 to 100% p.a. All goes well as long as the joint-stock banks can increase their indebtedness to the public.


  • London. 1868.
  • 1866 „The Economist“ (Jahrgang 1866) vol. XXIV.
  • The Social Economist, 1. Oktober 1868
  • „The Economist“ (Jahrgang 1866) (Fortsetzung)
  • Jahrgang 1867.
  • Register der obigen Auszüge aus dem Economist für 1866 und 1867.
  • The „Money Market Review“. Jahrgang 1866.
  • The Money Market Review. Jahrgang 1867.
  • Register Money Market Review Jahrgänge 1866 und 1867