Banks of England, Ireland, and Scotland
The Bank of Ireland was created by legislative charter of the Irish Parliament in 1783. Although it dominated banking in Ireland during its first half-century, its position was never that of a central bank. It continues to function as a commercial bank whose head office is in Dublin.
The Scottish Parliament in 1695 licensed a partnership to establish the Bank of Scotland with the intention of providing coherence for the finances in Scotland. However, the bank ran into difficulties which encouraged others to set up competing banks. After the Act of Union in 1707 the Scottish financial system was linked to that of England although the Bank of Scotland together with other Scottish banks retains the right to issue its own banknotes.
Ian John Ernest Keil
"Banks of England, Ireland, and Scotland." The Oxford Companion to British History. . Encyclopedia.com. (July 19, 2018). http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/banks-england-ireland-and-scotland
"Banks of England, Ireland, and Scotland." The Oxford Companion to British History. . Retrieved July 19, 2018 from Encyclopedia.com: http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/banks-england-ireland-and-scotland
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