Analysis of information sources in references of the Wikipedia article "Bank of England" in English language version.
Traditionally this men's club looks to a feminine leader, the Old Lady of Threadneedle Street. A cartoon of 1797 depicted the Bank of England as a rich dowager sitting atop a money box, and the name stuck.
Its foundation in 1694 arose out the difficulties of the Government of the day in securing subscriptions to State loans. Its primary purpose was to raise and lend money to the State and in consideration of this service it received under its Charter and various Act of Parliament, certain privileges of issuing bank notes. The corporation commenced, with an assured life of twelve years after which the Government had the right to annul its Charter on giving one year's notice. Subsequent extensions of this period coincided generally with the grant of additional loans to the State.
Traditionally this men's club looks to a feminine leader, the Old Lady of Threadneedle Street. A cartoon of 1797 depicted the Bank of England as a rich dowager sitting atop a money box, and the name stuck.
Its foundation in 1694 arose out the difficulties of the Government of the day in securing subscriptions to State loans. Its primary purpose was to raise and lend money to the State and in consideration of this service it received under its Charter and various Act of Parliament, certain privileges of issuing bank notes. The corporation commenced, with an assured life of twelve years after which the Government had the right to annul its Charter on giving one year's notice. Subsequent extensions of this period coincided generally with the grant of additional loans to the State.
