The City of London

Paper Summary:

The City of London is only a very small part of Greater London, taking up little more than a square mile in area. The paper shows that the City of London is usually referred to as just The City, and today it is devoted primarily to business and finance. The paper explores several historical sites which make up the City of London, including the Bank of England and Lloyds of London.

From the Paper:

"A central anchor to the City is the Bank of England. It was established by Act of Parliament and operates under a Royal Charter. It was founded on July 27, 1694 with a staff of nineteen in rented premises, and its capital, Bank of England Stock, represented the start of the Funded National Debt. In 1734, the Bank moved to a building specially designed for it in Threadneedle Street in the City of London. From the beginning, the institution concentrated on issuing notes for deposits made with it, and these would be the forerunners of today's bank notes.
The Bank of England also acted as banker to the government and to most departments of state as well as managing and acting as the registrar of government securities. With the expansion of the Bank's business in the early 18th century, it was necessary to extend the 1734 building, and by 1828 it covered the whole of its present three acre site. ("The Bank of England-A Brief History")."

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• Analytical Essay # 16391 : "The Treatment of the City in 'Mrs. Dalloway'"

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