Читать книгу Guernsey Pictorial Directory and Stranger's Guide - of Guernsey Thomas Bellamy - Страница 10

There are three Banks; the States' Bank, the Guernsey Banking Company, 29, High-street, and the Guernsey Commercial Banking Company, 22, High-street. The chief business of these companies is to draw and cash bills on London and Paris, to discount local promissory notes, and to advance money. Their hours of business are from ten o'clock in the morning until three in the afternoon.

Taking into consideration the smallness of the Island, these Banks pretty well inundate the public with paper, nevertheless their security perhaps, is rendered greater than any thing of the kind in England, and may be deemed one of the causes of our prosperity. The paper money issued by the States of the Island is something after the following manner: if the roads for instance are out of repair, or that it is absolutely necessary to build a new pier, then immediately the States, after a close conference, issue on their security, one pound notes, which as the work proceeds are sent out. On the public work yielding an income after its completion, the notes are gradually brought in again, and new undertakings commenced if necessary. By means of this "truly healthy" currency, undertakings of considerable magnitude are occasionally executed. Moreover, the purposes for which the notes are issued are of advantage to every man in the Island; so that every one looks upon them as coming from the Bank to which he is a partner. Formerly the notes were not payable on demand; and the States had not so much as an office for their presentation: nevertheless the notes were never refused, as the people found by experience that their representatives, the States, did not issue the notes in greater abundance than the demand for them justified.

The Savings Bank is under the direction of a committee of the principal people of the Island, most of them members of the States, and is on a safe foundation, the whole capital being vested in the public funds. When the name and occupation of a depositor is entered, he receives 3 per cent for his money.