National Giro; modern money transfer

National Modern Money Transfer (Unwin professional management library) from Glyn DaviesIn placing National Giro in its historical and geographical perspective, this book provides an up-to-date account of a system which remains as yet a strange and foreign sounding intrusion into the British financial establishment. Giro, derived from a Greek word meaning ring or circle, is essentially a system for the rapid transmission and circulation of money claims to and from a single centre, a principle extending back, as the author shows, to the ancient civilisations of Mesopotamia and Egypt. This book describes the forces which led to the setting up of National Giro, the Post Office’s current account bank and the first public sector bank to be set up for over a hundred years. It also analyses the reasons for the delay in setting up the British variant of an institution which has proved its worth on the Continent for many years. This book is signed by the author. (October 1973)The dust jacket is a bit damaged but the book itself is very good.