Abstract
The item ‘other sterling bills’ in Table 4 is composed mainly of commercial bills drawn on banks and firms resident in the United Kingdom and on the London offices of overseas banks and having a maximum maturity not ordinarily longer than six months. Also included are the Treasury bills of the Northern Ireland government and bills issued by local authorities, but the preponderance of commercial paper is sufficient to allow use of the figures as an indicator of changes in the discount houses’ holdings of their traditional asset.
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Notes
J. Grahame-Parker, ‘Revival of the Commercial Bill’, Banker (Mar 1948) 185–6.
R. Law, ‘The Resurgence of the Commercial Bill’, Bankers Magazine (1965) 344.
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© 1976 G. A. Fletcher
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Fletcher, G.A. (1976). Commercial Bills. In: The Discount Houses in London. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01974-8_9
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DOI: https://doi.org/10.1007/978-1-349-01974-8_9
Publisher Name: Palgrave Macmillan, London
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