Excerpt from English Public Finance: From the Revolution of 1688, With Chapters on the Bank of England

This book is intended to give in form for ready reference the salient facts in regard to the finances Of the United Kingdom.

The earlier chapters tell the financial story of the critical period of the war from the fateful 4th August, 1914, when war was declared, to the budget speech of Chancellor Chamberlain on 19th April, 1920, which so ably dealt with the financial problems of the reconstruction period. The later chapters discuss the revenue, expenditure and debt prior to 1914 and England's methods of financing from the time Of William the Conqueror. Present day financial methods are traced back to their origins in these early days.

The activities Of the Bank of England are so closely interwoven with the operations Of the Treasury that to apprehend clearly Great Britain's public finance one should have knowledge of the history, the functions, and the Opera tions Of the Bank, therefore several chapters have been devoted to these matters.

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