《The Principles of Semantics》

Ⅰ．INTRODUCTION1

Ⅱ．MONEY AT HOME AND OVERSEAS5

Ⅲ．CURRENCY8

Ⅳ．BILLS OF EXCHANGE15

Ⅴ．CHEQUES AND BANKS20

Ⅵ．INTERNATIONAL BANK BALANCES26

Ⅶ．FOREIGN EXCHANGE AND TRADE30

Ⅷ．GOLD AND GOLD-POINTS36

Ⅸ．THE PURCHASE AND SALE OF FOREIGN EXCHANGE42

Ⅹ．THE PURCHASE AND SALE OF FOREIGN EXCHANGE—(continued)57

Ⅺ．THE MEANING OF EXCHANGE RATES66

Ⅻ．THE LONG EXCHANGE73

ⅩⅢ．FORWARD EXCHANGE84

ⅩⅣ．MONETARY STANDARDS96

ⅩⅤ．THE BANK OF ENGLAND102

ⅩⅥ．THE JOINT-STOCK BANKS110

ⅩⅦ．WAR-TIME BANKING CHANGES115

ⅩⅧ．THE LONDON MONEY-MARKET121

ⅩⅨ．MONEY AND EXCHANGE RATES128

ⅩⅩ．EXCHANGE RATES AND PURCHASING POWER136

ⅩⅪ．MEANING OF DEVALUATION145

ⅩⅫ．THE EXCHANGE EQUALISATION ACCOUNT152

ⅩⅩⅢ．WAR EXCHANGE REGULATIONS162

ⅩⅩⅣ．WAR VESTING OF SECURITIES171

ⅩⅩⅤ．EXCHANGE AND THE ENEMY176

ⅩⅩⅥ．THE LIBERATION OF EUROPE183

ⅩⅩⅦ．THE STERLING AREA191

ⅩⅩⅧ．THE INTERNATIONAL MONETARY FUND202

ⅩⅩⅨ．PAR VALUES OF CURRENCIES212

ⅩⅩⅩ．THE USE OF THE FUND＇S RESOURCES219

ⅩⅩⅪ．SCARCE CURRENCIES226

ⅩⅩⅫ．MULTIPLE CURRENCY PRACTICES231

ⅩⅩⅩⅢ．THE INTERNATIONAL MONETARY FUND—(concluded)238

ⅩⅩⅩⅣ．THE INTERNATIONAL BANK242

ⅩⅩⅩⅤ．THE AMERICAN LOAN246

ⅩⅩⅩⅥ．BRITISH EXCHANGE CONTROL251

ⅩⅩⅩⅦ．EXCHANGE CONTROL AND TRADE263

ⅩⅩⅩⅧ．FOREIGN TRAVEL272

ⅩⅩⅩⅨ．DEALINGS IN SECURITIES287

ⅩL．THE BALANCE OF PAYMENTS299

ⅩLⅠ．PAYMENTS AGREEMENTS312

ⅩLⅡ．THE EUROPEAN RECOVERY PROGRAMME324

ⅩLⅢ．COUNTERPART FUNDS333

ⅩLⅣ．THE EUROPEAN PAYMENTS UNION340

ⅩLⅤ．THE EUROPEAN PAYMENTS UNION—(continued)348

ⅩLⅥ．DEVALUATION AND AFTER354

INDEX369