University of Hertfordshire

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Inspection and efficiency at the eighteenth-century Bank of England

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Original languageEnglish
Number of pages23
Pages (from-to)147-169
JournalHistoire et Mesure
Journal publication date2015
VolumeXXX
Issue2
Publication statusPublished - 2015

Abstract

This article explores the impact of the reforming zeal that emerged during the 1780s on British public finances, in particular, the Bank of England. Although a private company and, therefore, exempt from examination by a Parliament-appointed Commission for Examining the Public Accounts, the Bank did establish its own investigation. Charged with examining all aspects of the Bank’s business, three of the institution’s directors spent a year interviewing staff and observing practice. Their recommendations for reform were limited but the system of inspection once started was not halted. The result was tighter internal controls and maintenance of the efficiency for which the Bank was already justly feted.

Notes

This is the accepted manuscript version of the following article: Anne L. Murphy, “Inspection and efficiency at the eighteenth-century Bank of England”, Histoire et Mesure, Vol. XXX(2): 147-170, 2015. The final published version is available at:http://histoiremesure.revues.org/5249 © Éditions de l'EHESS

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