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Suggestions in regard to the Regulation of the Rate of Interest on Landed Securities
Published online by Cambridge University Press: 18 August 2016
Extract
The above is the title to a pamphlet just published by Mr. Thomson. The subject is one of such importance, that we should have been glad had our space permitted to give it in extenso; as it is, we place before our readers the more prominent parts of it. Mr. Thomson says—
“It has been the practice in Scotland for a considerable period to fix the rate of interest on landed securities periodically, with reference to the views expressed on the subject by, or more correctly the decision of, a meeting held in Edinburgh three months before each money-term of Whitsunday and Martinmas.
- Type
- Research Article
- Information
- Copyright
- Copyright © Institute and Faculty of Actuaries 1855
References
page 45 note * “Changes in the rate of interest were made on three occasions—in 1828, 182,9, and 1831—at the intermediate term of Lammas; but I do not think it probable that changes at Lammas or Candlemas will again be made.”
page 47 note * We regret that we have not room for this very illustrative statement. It is, however, we believe, in the hands of many of our readers.—ED. A. M.
page 49 note * “While these sheets are going through the press, the Chancellor of the Exchequer has introduced a bill to repeal the Usury Laws entirely.—30th June, 1854.”