The British Financial System
英國(guó)金融制度
Situation 8
情景 8
Tatsuo Horita ,a banker from Japan ,is visiting with an officer of the Bank of England .
來(lái)自日本的銀行家堀田達(dá)夫正在與英格蘭銀行的一位高級(jí)職員閑談,
They are talking about the British monetary and financial system .
他們正談?wù)撝?guó)的貨幣和金融制度。
Horita:I understand that Bank of England notes have been legal tender in Britain since the early part of the 19th century .
堀 田:據(jù)我所知,從19世紀(jì)初葉,英格蘭銀行發(fā)行的紙幣就已經(jīng)成為英國(guó)的法幣了。
Officer:Yes,actually from 1883,long before the Bank of England was the official central bank for Britain.
職 員:是的,實(shí)際上從1833年開(kāi)始,英格蘭銀行早已成為英國(guó)的官方中央銀行了,
And special restrictions put on note issurance by other banks in 1844 caused most banks to discontinue issuing notes.
而且在1844年,還對(duì)其他銀行的貨幣發(fā)行實(shí)行期一些特別的限制,這就使得大多數(shù)的銀行不再繼續(xù)發(fā)行紙幣。
H:Weren't Bank of England notes backed by specie?
堀 田:英格蘭銀行發(fā)行的紙幣不是以金銀鑄幣作為依據(jù)嗎?
O:Specie or government bonds until 1931.Since then ,of course,the Bank of England like other central banks has not held specie reserves equal to our note issue.
職 員:直到1931年,還是以鑄幣或政府的債券為依據(jù)的。當(dāng)然,從那以后,象其它的中央銀行一樣,英格蘭銀行并不持有與我們發(fā)行的紙幣等量的金銀鑄幣儲(chǔ)備。
H:When did the Bank of England become the official central bank of the United Kingdom?
堀 田:英格蘭銀行什么時(shí)候成為聯(lián)合王國(guó)的官方中央銀行的呢?
O:That's difficult to say .Actually ,the bank was nationalized by the government in 1946.
職員:這很難說(shuō),實(shí)際上,在1946年政府已將其收歸國(guó)有。
Before that ,however ,the bank had been the central banking instituion for over a century .
然而,在這之前,英格蘭銀行就已經(jīng)成為中央銀行有100多年了。
While we were privately owned ,successive governments felt that we operated in the public interest and gradually enacted laws,
當(dāng)時(shí),雖然我們是私立銀行,但歷屆政府都認(rèn)為我們的業(yè)務(wù)經(jīng)營(yíng)活動(dòng)有利于公眾利益,并逐步地有所立法,
which gave us various supervisory functions over other banks .
這一切賦予了我們對(duì)其他銀行的各種監(jiān)督職能。
H:So the bank now makes fiscal and monetary policies for the country ?
堀田:因此,目前該銀行就是為國(guó)家制定財(cái)政和金融政策的。
O:In coperation with the Cabinet we do .Our functions are not as independent as those of the Federal Reserve in the United States.
職員:我們?cè)谂c內(nèi)閣合作中行使我們的職能,但我們的職能不象美國(guó)聯(lián)邦儲(chǔ)備那樣具有獨(dú)立性。