BANKING MACHINERY

Money at a bank--Bills of exchange--Finance and industry--Supremacy of
bill on London--London's freedom--The Bank of England--The great joint
stock banks--The discount market--Bills and trade


CHAPTER III

INVESTMENTS AND SECURITIES

Stock Exchange securities--Government and municipal loans--Machinery of
loan issue--Underwriting--The Prospectus--Sinking fund--Bonds and
coupons--Registered stocks--Companies' securities--Stock Exchange
dealings


CHAPTER IV

FINANCE AND TRADE

Why money goes abroad--Trade before finance--Prejudice in favour of home
investments--Prejudice against them--The reaction--Mexico and
Brazil--Neutral moneylenders and the war--Goods and services lent and
borrowed--The trade balance


CHAPTER V

THE BENEFITS OF INTERNATIONAL FINANCE