. The Great war. The British Foreign Office, The Bank of England. Mobilization of Financial Resources 401 age pensions, maritime freights, and some other classes ofliabilities. On the afternoon of August 3d an Order inCouncil extended the Bank Holiday for three days, Tues-day, Wednesday, and Thursday, November 4-6, so as toafford an opportunity of taking the necessary measures forrelieving the currency supply. On the 5th Mr. Lloyd George submitted a review of hisaction in the crisis to the House of Commons. He ex-plained that the leading bankers, merchants, and manufac-turers, with wh
. The Great war. The British Foreign Office, The Bank of England. Mobilization of Financial Resources 401 age pensions, maritime freights, and some other classes ofliabilities. On the afternoon of August 3d an Order inCouncil extended the Bank Holiday for three days, Tues-day, Wednesday, and Thursday, November 4-6, so as toafford an opportunity of taking the necessary measures forrelieving the currency supply. On the 5th Mr. Lloyd George submitted a review of hisaction in the crisis to the House of Commons. He ex-plained that the leading bankers, merchants, and manufac-turers, with whom he had conferred, had assured him thatit was not necessary to suspend specie payments. In com-menting upon this determination he said: In this tremendous struggle finance is going to play agreat part. It will be one of the most formidable weaponsin this exhausting war, and anyone who, from selfishmotives of greed or from excessive caution or cowardice,goes out of his way to attempt to withdraw sums of goldand appropriate them to his own use—let
Size: 1882px × 1328px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., boo, bookcentury1900, bookdecade1910, booksubjectworldwar19141918
