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146:. Bills endorsed by members of the Committee were originally eligible for rediscount at the Bank of England, although this right was eventually extended to other banks in the UK and abroad. The term accepting house was more of an indication of status rather than function.
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was a primarily
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which ensured policy coordination between them, the UK Treasury and the
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Grady, John; Weale, Martin (1986). "The
Accepting Houses".
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had representation in
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declined, returning to their original wider function of
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