Bank of England did not avail itself of the suspension of theB ank A ct. Many critics of this book questioned its statement that theB ank A ct had been suspended, on the ground that the limits on the note issue imposed by theB ank A ct had never been exceeded. It seemed to me jthat since the Currency and Bank Notes A ct of ,jA ugust 6, 1914, gave theB ank of England Jpower to issue notes in excess of any legal (limit, subject only to the authorization of the Treasury, the provisions of the A ct of 1844 were thereby in fact suspended, even though, as my critics and I agreed in believing, theB ank had not availed itself of this power. Subsequent revelations have shown that my critics and I were all wrong together.(Typographical errors above are due to OCR software and don't occur in the book.)About the Publisher Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.Forgotten Books' Classic Reprint Series...

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