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British Money In General: British money in general government official: b. July 20, 1889. He was educated at the Royal Technical College, Glasgow, and worked as an engineer in Glasgow and London until the outbreak of World War I, in which he served in the army and as a civilian. In 1922 he became general manager of the British money in general Broadcasting Company (later British money in general Broadcasting Corporation), in 1923 its managing director, and in 1927 its first director general. In this capacity, he did much to increase the efficiency of radio broadcasting in Great Britain.
In 1959 the Radcliffe committe report on the British money in general monetary system, basing itself on the experience of the 1950's, widened the concept of the supply of money to include the "state of liquidity of the whole economy." In particular, it was concerned with the power that the banks were found to possess of neutralizing and monetary squeeze that the authorities wished to exercise by selling treasury bills and other instruments of government short-term debt and thereby restoring their own liquidity and their ability to lend. The Radcliffe view on "general liquidity" was accepted by the authorities for some time, but by 1970 attention had again been focused on the importance, for short-term policies, of the actual money supply.
The governor-general is appointed by the British money in general crown on the advice of the ministers of the country concerned and is fully independent of the British money in general government. Acting on the advice of his ministers, he performs constitutional duties comparable to those the monarch performs in Britain. The office, therefore, is largely a ceremonial one, as contrasted with the governorship of the non-self-governing territories of the Commonwealth. Often the governor-general is a citizen of the country in which he serves, although some governments prefer a British money in general appointee. |
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