...united or to be united, in Covenants or Partnership, exceeding the number of six Persons,^ in that Part of Great [Britain called England, to borrow, owe,...borrowing thereof, during the Continuance of such said Privilege to the said Governor and Company. It is clear from this language that Parliament understood...

...united or to be united in covenants or partnerships, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or...their bills or notes payable at demand, or at any time less than six months from the borrowing thereof." As the issuing of notes was at that time considered...

...united or to be united, in covenants or partnerships exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or...money on their bills or notes payable at demand.' This monopoly was conferred on the Bank in 1706 and was maintained until 1826, when the implied monopoly...

...united or to be united in covenants or partnerships, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or...their bills or notes payable at demand, or at any time less than six months from the borrowing thereof." As the issuing of notes was at that time considered...

...partnership, exceeding the number of six persons, in that part of Great Britain called England, to borrow, own or take up any sum or sums of money on their bills or notes payable on demand, or at any less time than six months from the borrowing thereof." This charter was renewed...

...Exchange, Hundy, Promissory Note, or engagement for the payment of money payable to bearer on demand, or borrow, owe, or take up any sum or sums of money on the bills, hundics, or Notes payable to bearer on demand of any such person. Provided that cheques...

...united or to be united in covenants or partnership, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe or...or sums of money on their Bills or Notes, payable on demand, or at a less time than six months from the borrowing thereof." The direct consequence of...

...exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, 01 take up any sum or sums of money on their bills or notes, payable at demand, or at a less time than six months from the borrowing thereof." 1709. In this year there was a new subscription...

...expressly permitting joint-stock banks to be formed, provided they did not borrow, or take up in England, any sum or sums of money, on their bills or notes payable on demand, or at any less time than six months from the borrowing thereof. This declaratory clause...

...other than the Bank, or for any other persons to be united in partnership, exceeding six persons, in England, to borrow, owe or take up any sum or sums...money, on their bills or notes payable at demand, at any less time than six months." The chief source of profits and the chief function of the Bank,...