A Company of Merchants
Jamie Martin: The Bank of England, 24 January 2019
Till Time’s Last Sand: A History of the Bank of England, 1694-2013
by David Kynaston.
Bloomsbury, 879 pp., £35, September 2017,978 1 4088 6856 0 Show More
by David Kynaston.
Bloomsbury, 879 pp., £35, September 2017,
“... demands of politics. When the bank was founded in 1694, its business was to finance the war that William of Orange waged against Louis XIV after assuming the throne in the Glorious Revolution. The government was loaned £1.2 million at an interest rate of 8 per cent; in exchange, subscribers to the loan were incorporated as a joint-stock bank with a ... ”