tag:blogger.com,1999:blog-6008037633121035579.post5947514987118588483..comments2023-10-22T11:57:34.718+01:00Comments on A Pint of Unionist Lite: Separated by sterlingO'Neillhttp://www.blogger.com/profile/02531858236570346203noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6008037633121035579.post-36275524450027273782009-02-13T10:31:00.000+00:002009-02-13T10:31:00.000+00:00OK, got you.OK, got you.O'Neillhttps://www.blogger.com/profile/02531858236570346203noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-575461222358341292009-02-12T09:10:00.000+00:002009-02-12T09:10:00.000+00:00No, the point about not having to cover the notes ...No, the point about not having to cover the notes they print for the whole of the week is that they can print and distribute money on their own behalf without having to cover the notes they are putting out.<BR/><BR/>It's a bit like me writing cheques but only needing to have enough money in my account to cover those cheques 4 days out of every week, the rest of the time it being free money.Unknownhttps://www.blogger.com/profile/02948105455433369982noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-47853933310643122012009-02-11T12:19:00.000+00:002009-02-11T12:19:00.000+00:00Of course, this still doesn't get around the fact ...<EM>Of course, this still doesn't get around the fact that I would be unable to recognise a completely fake Scottish banknote that would be obvious to any Scot.</EM><BR/><BR/>That is a more valid point than the one about having to deposit the notes at the BOE I think. By having to deposit notes (presumably BOE and presumably it is virtual as opposed to real) they're prevented from taking O'Neillhttps://www.blogger.com/profile/02531858236570346203noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-49993471318895662802009-02-10T23:14:00.000+00:002009-02-10T23:14:00.000+00:00Scottish bank notes are just yet another source of...Scottish bank notes are just yet another source of free money for Scottish banks.<BR/><BR/>Currently, they have to deposit money at the Bank of England to cover the notes they have printed. BUT, they only have to deposit this money for part of the week, meaning that they can earn interest on the notes they have just printed for the rest of the week.<BR/><BR/>It adds up to millions of pounds.<BR/Unknownhttps://www.blogger.com/profile/02948105455433369982noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-5961491535388895352009-02-10T18:40:00.000+00:002009-02-10T18:40:00.000+00:00Toque/Wildgoose,As individual businesses, there ma...Toque/Wildgoose,<BR/><BR/>As individual businesses, there may well be an inconvenience caused presently by accepting Scottish/NIrish notes. However, all that happens to banks and I guess also currency bureaus is that at the end of the day the Scottish/N.Irish notes are bundled up into 500s, 1000s, etc and sent off to a central collection point. in exactly the same way as happens with the BOE O'Neillhttps://www.blogger.com/profile/02531858236570346203noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-36075281083806351872009-02-10T12:26:00.000+00:002009-02-10T12:26:00.000+00:00Scottish and (Northern) Irish banknotes were subje...Scottish and (Northern) Irish banknotes were subject to commission charges when being exchanged for Bank of England notes before World War Two. However this was banned during World War Two as Scottish servicemen coming from Scotland (and ditto NI) to England with Scottish/NI notes from their pay were being forced to pay for them to become "legal" by changing them in banks for BoE notes. <BR/><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-43302474110474577312009-02-10T11:58:00.000+00:002009-02-10T11:58:00.000+00:00Seems reasonable to me too. I don't accept Scotti...Seems reasonable to me too. I don't accept Scottish notes, and I wouldn't expect a business to accept them from me.<BR/><BR/>When I was 18 I got a Northern Irish £20 in a pay envelope, and it took me about two weeks to get rid of the damn thing.Garethhttps://www.blogger.com/profile/10021800974251370747noreply@blogger.comtag:blogger.com,1999:blog-6008037633121035579.post-33457941625295866822009-02-10T09:32:00.000+00:002009-02-10T09:32:00.000+00:00Looks perfectly reasonable to me. It's a business...Looks perfectly reasonable to me. It's a <I>business</I> not a <I>charity</I>.<BR/><BR/>After all, nobody's <I>forcing</I> them to change the notes and pay the charge.<BR/><BR/>Guess what? I can't use Manx pound notes and coins in England and Wales either.<BR/><BR/>Some shops will accept Euros, US dollars ... or even Scottish notes.<BR/><BR/>But <B>only</B> Bank of England notes and coins are Unknownhttps://www.blogger.com/profile/02948105455433369982noreply@blogger.com